Financial Institutions, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $74.9M | $-41.6M | $50.3M | $56.6M | $77.7M | $38.3M | $48.9M | $39.5M |
| Depreciation & Amortization | $7.9M | $7.7M | $8.1M | $8.1M | $8.0M | $7.9M | $8.2M | $6.5M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $415.0K | $552.0K | $910.0K | $986.0K | $1.1M | $1.1M | $1.3M | $1.3M |
| Stock-Based Compensation | $3.1M | $1.6M | $1.7M | $2.6M | $1.7M | $1.3M | $1.4M | $1.3M |
| Net Cash from Operating Activities | $18.8M | $77.1M | $10.9M | $133.6M | $73.0M | $43.5M | $57.7M | $65.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $5.5M | $5.0M | $3.0M | $8.4M | $9.4M | $4.3M | $3.6M | $2.8M |
| Business Acquisitions | — | — | $0 | $0 | $1.4M | $0 | — | $4.4M |
| Net Cash from Investing Activities | $-140.0M | $-8.2M | $-310.1M | $-325.2M | $-633.4M | $-531.1M | $-24.7M | $-225.4M |
| Financing Activities | ||||||||
| Dividends Paid | $24.7M | $18.5M | $18.3M | $17.6M | $17.0M | $16.5M | $15.8M | $14.9M |
| Stock Repurchases | $11.4M | $426.0K | $571.0K | $15.3M | $9.2M | $209.0K | $293.0K | $113.0K |
| Net Cash from Financing Activities | $142.7M | $-106.0M | $293.2M | $242.9M | $545.7M | $468.5M | $-22.8M | $163.8M |
| Net Change in Cash | $21.4M | $-37.1M | $-6.0M | $51.4M | $-14.8M | $-19.1M | $10.2M | $3.6M |
| Free Cash Flow | $13.3M | $72.2M | $7.9M | $125.2M | $63.6M | $39.2M | $54.1M | $62.3M |