First Merchants Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $226.0M | $201.4M | $223.8M | $222.1M | $205.5M | $148.6M | $164.5M | $159.1M |
| Depreciation & Amortization | $29.4M | $26.8M | $11.7M | $11.8M | $10.7M | $11.0M | $9.4M | $8.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $6.0M | $7.3M | $8.7M | $8.3M | $5.7M | $6.0M | $6.0M | $6.7M |
| Stock-Based Compensation | $7.3M | $5.8M | $5.2M | $4.7M | $4.8M | $4.6M | $4.1M | $3.6M |
| Net Cash from Operating Activities | $283.6M | $266.2M | $258.8M | $284.3M | $215.3M | $203.8M | $176.7M | $180.2M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | $0 | $0 | $79.3M | $3.2M | $0 | $15.0K | $0 |
| Net Cash from Investing Activities | $-773.8M | $-252.4M | $-344.4M | $-462.7M | $-1.48B | $-1.55B | $-1.01B | $-575.6M |
| Financing Activities | ||||||||
| Dividends Paid | $82.9M | $81.6M | $80.1M | $72.7M | $61.2M | $56.5M | $51.3M | $41.7M |
| Stock Repurchases | $46.9M | $56.2M | $0 | $0 | $25.4M | $55.9M | $19.0M | $0 |
| Net Cash from Financing Activities | $486.7M | $-38.8M | $75.6M | $133.8M | $1.24B | $1.36B | $867.6M | $379.7M |
| Net Change in Cash | $-3.5M | $-25.0M | $-9.9M | $-44.6M | $-25.8M | $15.7M | $38.0M | $-15.7M |
| Free Cash Flow | — | — | — | — | — | — | — | — |