Horizon Bancorp, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-150.5M | $35.4M | $28.0M | $93.4M | $87.1M | $68.5M | $66.5M | $53.1M |
| Depreciation & Amortization | $10.3M | $10.3M | $10.9M | $10.8M | $9.8M | $9.4M | $9.7M | $6.8M |
| Depreciation | $6.0M | $5.8M | $5.9M | $5.7M | — | — | — | — |
| Amortization | $3.0M | $3.4M | $3.6M | $3.7M | $3.6M | $3.7M | $3.5M | $2.0M |
| Stock-Based Compensation | $1.6M | $4.6M | $3.6M | $2.5M | $1.8M | $1.3M | $215.0K | $251.0K |
| Net Cash from Operating Activities | $79.2M | $6.4M | $88.9M | $94.4M | $106.4M | $78.9M | $174.4M | $72.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $5.0M | $5.1M | $7.8M | $6.4M | $1.4M | $5.9M | $4.6M | $3.4M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $979.5M | $-52.8M | $329.5M | $-1.02B | $-344.9M | $-478.5M | $-94.1M | $-303.8M |
| Financing Activities | ||||||||
| Dividends Paid | $29.5M | $28.3M | $28.3M | $27.8M | $24.8M | $21.2M | $20.8M | $15.4M |
| Stock Repurchases | — | $0 | $0 | $0 | $7.6M | $19.6M | — | — |
| Net Cash from Financing Activities | $-1.21B | $-186.7M | $-15.4M | $455.5M | $582.3M | $550.5M | $-39.9M | $230.0M |
| Net Change in Cash | $-154.0M | $-233.1M | $403.0M | $-470.0M | $343.8M | $150.9M | — | $-1.5M |
| Free Cash Flow | $74.3M | $1.3M | $81.2M | $88.0M | $104.9M | $73.0M | $169.8M | $68.9M |