German American Bancorp, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $112.6M | $83.8M | $85.9M | $81.8M | $84.1M | $62.2M | $59.2M | $46.5M |
| Depreciation & Amortization | $18.7M | $9.3M | $9.6M | $10.1M | $8.8M | $9.4M | $8.6M | $6.2M |
| Depreciation | $9.0M | $6.9M | $6.6M | $6.6M | $5.8M | $6.0M | $5.8M | $4.7M |
| Amortization | $10.1M | $2.0M | $2.8M | $3.7M | $2.7M | $3.5M | $3.7M | $1.8M |
| Stock-Based Compensation | $2.9M | $2.9M | $2.3M | $2.3M | $1.7M | $1.1M | $1.3M | $1.4M |
| Net Cash from Operating Activities | $159.3M | $95.8M | $107.2M | $110.0M | $100.8M | $92.4M | $65.2M | $62.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $5.3M | $5.0M | $5.7M | $7.9M | $4.7M | $7.1M | $9.4M | $15.2M |
| Business Acquisitions | — | — | — | — | — | — | $0 | $17.6M |
| Net Cash from Investing Activities | $-60.3M | $-82.4M | $27.3M | $-24.2M | $-640.3M | $-346.1M | $30.7M | $-38.8M |
| Financing Activities | ||||||||
| Dividends Paid | $43.3M | $31.8M | $29.4M | $27.0M | $22.2M | $20.1M | $17.6M | $14.1M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-169.5M | $60.1M | $-136.5M | $-363.7M | $590.6M | $495.5M | $-88.6M | $2.7M |
| Net Change in Cash | $-70.4M | $73.5M | $-2.1M | $-277.8M | $51.1M | $241.9M | $7.3M | $26.2M |
| Free Cash Flow | $154.0M | $90.7M | $101.5M | $102.2M | $96.2M | $85.3M | $55.9M | $47.1M |