Independent Bank Corp.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $87.2M | $76.6M | $65.0M | $59.8M | $50.3M | $42.6M | $45.4M | $40.2M |
| Depreciation & Amortization | $15.8M | $14.4M | $12.3M | $12.1M | $8.5M | $10.2M | $9.6M | $9.9M |
| Depreciation | $8.5M | $7.3M | $7.0M | $6.6M | $6.1M | $5.5M | $4.9M | $5.2M |
| Amortization | $3.5M | $2.8M | $2.8M | $2.3M | $2.1M | $1.7M | $1.7M | $2.0M |
| Stock-Based Compensation | $3.3M | $3.0M | $2.5M | $2.7M | $2.5M | $2.8M | $2.5M | $1.7M |
| Net Cash from Operating Activities | $130.9M | $92.9M | $89.5M | $90.3M | $141.3M | $44.0M | $56.5M | $46.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $25.1M | $10.4M | $10.5M | $7.7M | $9.3M | $6.3M | $8.3M | $7.0M |
| Business Acquisitions | — | — | $13.4M | $0 | $-10.5M | $9.0M | — | — |
| Net Cash from Investing Activities | $-316.8M | $-238.9M | $-205.5M | $-292.7M | $-208.6M | $-267.9M | $-190.8M | $-163.8M |
| Financing Activities | ||||||||
| Dividends Paid | $34.0M | $29.7M | $26.2M | $22.4M | $15.1M | $22.5M | $16.0M | $15.2M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $109.9M | $159.3M | $213.5M | $164.3M | $68.1M | $202.0M | $210.5M | $156.5M |
| Net Change in Cash | $-76.0M | $13.3M | $97.5M | $-38.1M | $851.0K | $-22.0M | $76.2M | $39.4M |
| Free Cash Flow | $105.8M | $82.5M | $79.1M | $82.6M | $132.0M | $37.7M | $48.2M | $39.6M |