Farmers & Merchants Bancorp, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $12.7M | $11.7M | $10.3M | $9.6M | $9.0M | $9.8M | $8.5M | $7.0M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $1.6M | $1.5M | $1.4M | $1.3M | $1.2M | $1.2M | $1.1M | $1.1M |
| Amortization | $245.0K | $323.0K | $323.0K | $480.0K | $319.0K | $312.0K | $312.0K | $235.0K |
| Stock-Based Compensation | $507.0K | $402.0K | $314.0K | $232.0K | $253.0K | $217.0K | — | — |
| Net Cash from Operating Activities | $17.6M | $12.4M | $14.8M | $19.2M | $17.0M | $14.2M | $15.2M | $11.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.9M | $2.4M | $1.7M | $2.9M | $2.1M | $1.8M | $947.0K | $2.3M |
| Business Acquisitions | — | — | — | — | $-15.2M | — | — | $1.1M |
| Net Cash from Investing Activities | $-48.2M | $-64.2M | — | — | $-32.0M | $-26.5M | $-14.4M | $-49.1M |
| Financing Activities | ||||||||
| Dividends Paid | $4.4M | $4.1M | $3.9M | $3.9M | $3.7M | $3.6M | $3.6M | $3.4M |
| Stock Repurchases | $196.0K | $194.0K | $803.0K | $576.0K | $1.2M | $894.0K | $310.0K | $894.0K |
| Net Cash from Financing Activities | $36.7M | $58.1M | — | — | $-9.9M | $13.2M | $-1.0M | $47.4M |
| Net Change in Cash | $6.1M | $6.3M | $-2.3M | $5.0M | $-24.8M | $949.0K | $-236.0K | $9.7M |
| Free Cash Flow | $15.8M | $10.0M | $13.1M | $16.3M | $14.9M | $12.4M | $14.3M | $9.1M |