Horizon Bancorp, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $33.1M | $23.9M | $20.5M | $18.1M | $19.9M | $19.5M | $12.8M | $10.5M |
| Depreciation & Amortization | $5.9M | $5.3M | $4.2M | $3.8M | $3.4M | $2.9M | $2.5M | $2.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $1.5M | $1.2M | $988.0K | $880.0K | $760.0K | $576.0K | $449.0K | $390.0K |
| Stock-Based Compensation | $325.0K | $324.0K | $288.0K | $203.0K | $48.0K | $33.0K | $35.0K | $30.0K |
| Net Cash from Operating Activities | $49.1M | $25.5M | $35.2M | $17.7M | $47.0M | $26.3M | $22.4M | $24.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.7M | $1.4M | $5.6M | $6.3M | $6.3M | $7.0M | $2.4M | $2.4M |
| Business Acquisitions | — | — | — | $735.0K | — | $-26.3M | — | $-3.4M |
| Net Cash from Investing Activities | $-278.9M | $222.3M | — | — | $49.8M | $-60.4M | $-142.2M | $27.8M |
| Financing Activities | ||||||||
| Dividends Paid | $11.7M | $8.4M | $6.2M | $4.7M | $3.7M | $3.0M | $2.3M | $2.2M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $236.4M | $-229.8M | — | — | $-95.8M | $44.3M | $124.5M | $-105.7M |
| Net Change in Cash | $6.6M | $18.1M | $5.2M | $11.8M | $986.0K | $10.3M | $4.8M | $-53.0M |
| Free Cash Flow | $46.4M | $24.2M | $29.6M | $11.4M | $40.6M | $19.4M | $20.0M | $22.5M |