FARMERS & MERCHANTS BANCORP
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $28.4M | $29.7M | $27.4M | $25.4M | $24.1M | $23.3M | $22.2M | $21.1M |
| Depreciation & Amortization | $2.2M | $1.9M | $1.7M | $1.3M | $1.5M | $1.7M | $1.8M | $1.9M |
| Depreciation | $2.2M | — | — | — | — | — | — | — |
| Amortization | $110.0K | $13.0K | $0 | $0 | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $39.9M | $34.8M | $37.3M | $26.4M | $27.2M | $31.7M | $30.4M | $30.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.3M | $1.5M | $2.7M | $4.3M | $1.6M | $547.0K | $1.7M | $1.2M |
| Business Acquisitions | $0 | $-31.8M | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-82.2M | $-185.4M | $-258.3M | — | $-148.9M | $-29.3M | $-39.8M | $-43.3M |
| Financing Activities | ||||||||
| Dividends Paid | $11.0M | $10.5M | $10.2M | $9.9M | $9.7M | $9.4M | $9.2M | $8.9M |
| Stock Repurchases | $0 | $0 | — | $0 | $0 | $576.0K | $0 | $608.0K |
| Net Cash from Financing Activities | $130.5M | $190.0M | $203.3M | — | $75.9M | $25.3M | $50.5M | $39.4M |
| Net Change in Cash | $88.3M | $39.4M | $-17.7M | $-6.6M | $-45.7M | $27.8M | $41.0M | $26.0M |
| Free Cash Flow | $35.7M | $33.3M | $34.6M | $22.1M | $25.6M | $31.2M | $28.7M | $28.8M |