Financial Institutions, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $33.5M | $31.9M | $28.3M | $29.4M | $25.5M | $23.4M | $22.8M | $21.3M |
| Depreciation & Amortization | $6.2M | $6.0M | $5.4M | $4.6M | $4.2M | $3.8M | $3.5M | $3.5M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $1.2M | $1.2M | $942.0K | — | — | $190.0K | — | — |
| Stock-Based Compensation | $1.2M | $845.0K | $674.0K | $471.0K | $407.0K | $526.0K | $1.1M | $1.0M |
| Net Cash from Operating Activities | $46.3M | $46.7M | $43.1M | $35.2M | $37.2M | $38.7M | $32.0M | $35.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $7.7M | $7.6M | $7.5M | $5.3M | $3.4M | $5.8M | $3.7M | $2.4M |
| Business Acquisitions | $676.0K | $868.0K | — | $8.0M | — | — | — | — |
| Net Cash from Investing Activities | $-372.6M | $-326.7M | $-305.9M | $-153.5M | $-242.2M | $-99.1M | $-104.9M | $-169.2M |
| Financing Activities | ||||||||
| Dividends Paid | $12.5M | $11.5M | $11.3M | $10.5M | $9.8M | $7.4M | $5.4M | $4.3M |
| Stock Repurchases | $148.0K | — | $202.0K | $194.0K | $229.0K | $557.0K | $215.0K | $69.0K |
| Net Cash from Financing Activities | $354.3M | $291.1M | $264.8M | $116.7M | $204.3M | $63.2M | $91.4M | $129.9M |
| Net Change in Cash | $27.9M | $11.2M | $2.0M | $-1.5M | $-744.0K | $2.9M | $18.5M | $-3.9M |
| Free Cash Flow | $38.5M | $39.1M | $35.6M | $29.9M | $33.8M | $32.9M | $28.3M | $33.0M |