Independent Bank Corporation
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $20.5M | $22.8M | $20.0M | $18.0M | $77.5M | $26.2M | $-20.2M | $-16.7M |
| Depreciation & Amortization | $7.0M | $5.2M | $4.6M | $3.0M | $-2.2M | $-4.7M | $-11.3M | $-27.7M |
| Depreciation | $5.3M | $5.8M | $6.6M | $6.7M | $6.7M | $7.6M | $8.4M | $8.7M |
| Amortization | $300.0K | $300.0K | $300.0K | $500.0K | $800.0K | $1.1M | $1.4K | $1.3M |
| Stock-Based Compensation | $1.7M | $1.6M | $1.5M | $1.2M | $1.2M | $869.0K | $1.2M | $542.0K |
| Net Cash from Operating Activities | $38.6M | $23.7M | $22.9M | $13.1M | $52.1M | $29.4M | $35.4M | $-2.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.2M | $3.5M | $4.4M | $4.3M | $8.4M | $5.3M | $2.8M | $4.8M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-277.6M | $-138.9M | $-160.5M | — | $-221.1M | $-273.9M | $127.5M | $483.3M |
| Financing Activities | ||||||||
| Dividends Paid | $9.0M | $7.3M | $5.9M | $4.1M | $0 | $0 | $0 | $0 |
| Stock Repurchases | $0 | $16.9M | $13.5M | $0 | $0 | — | — | — |
| Net Cash from Financing Activities | $210.5M | $112.6M | $149.4M | — | $108.3M | $83.2M | $-207.1M | $-384.2M |
| Net Change in Cash | $-28.5M | $-2.6M | $11.8M | $-45.1M | $-60.7M | $-161.3M | $-44.3M | $96.6M |
| Free Cash Flow | $34.4M | $20.2M | $18.5M | $8.8M | $43.7M | $24.1M | $32.6M | $-7.3M |