LAKELAND FINANCIAL CORPORATION
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $103.4M | $93.5M | $93.8M | $103.8M | $95.7M | $84.3M | $87.0M | $80.4M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $6.0M | $6.0M | $6.2M | $6.0M | $6.1M | $6.0M | $5.9M | $5.7M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $8.6M | $4.6M | $3.7M | $7.8M | $7.2M | $1.8M | $4.2M | $5.6M |
| Net Cash from Operating Activities | $114.9M | $102.5M | $114.0M | $169.3M | $113.8M | $87.2M | $100.0M | $105.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $11.1M | $8.6M | $6.0M | $4.8M | $6.2M | $5.7M | $8.0M | $8.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-325.4M | $-164.2M | $-54.9M | $-626.5M | $-331.5M | $-712.0M | $-168.7M | $-166.4M |
| Financing Activities | ||||||||
| Dividends Paid | $51.4M | $49.3M | $47.1M | $40.8M | $34.6M | $30.6M | $29.6M | $25.3M |
| Stock Repurchases | $20.4M | $592.0K | $575.0K | $579.0K | $559.0K | $10.5M | $515.0K | $463.0K |
| Net Cash from Financing Activities | $183.6M | $78.1M | $-37.5M | $-95.8M | $651.1M | $775.3M | $-48.9M | $102.2M |
| Net Change in Cash | $-26.9M | $16.4M | $21.5M | $-553.0M | $433.3M | $150.5M | $-117.5M | $40.7M |
| Free Cash Flow | $103.8M | $93.9M | $108.0M | $164.5M | $107.6M | $81.5M | $92.0M | $97.0M |