Farmers and Merchants Bancshares, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 |
|---|---|---|
| Operating Activities | ||
| Net Income | $3.8M | $3.9M |
| Depreciation & Amortization | $419.3K | $448.9K |
| Depreciation | — | — |
| Amortization | $61.6K | $69.1K |
| Stock-Based Compensation | — | — |
| Net Cash from Operating Activities | $7.7M | $2.4M |
| Investing Activities | ||
| Capital Expenditures | $114.2K | $181.5K |
| Business Acquisitions | — | — |
| Net Cash from Investing Activities | $-32.4M | $-39.9M |
| Financing Activities | ||
| Dividends Paid | $953.5K | $942.0K |
| Stock Repurchases | — | — |
| Net Cash from Financing Activities | $18.7M | $30.5M |
| Net Change in Cash | $-6.1M | $-6.9M |
| Free Cash Flow | $7.6M | $2.3M |