LAKELAND FINANCIAL CORPORATION
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $57.3M | $52.1M | $46.4M | $43.8M | $38.8M | $35.4M | $30.7M | $24.5M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $5.1M | $4.2M | $3.8M | $3.4M | $3.0M | $2.8M | $2.3M | $2.2M |
| Amortization | — | — | $0 | $0 | $47.0K | $52.0K | $54.0K | $54.0K |
| Stock-Based Compensation | $5.7M | $4.2M | $2.5M | $2.8M | $2.0M | $1.3M | $1.3M | $739.0K |
| Net Cash from Operating Activities | $77.2M | $62.2M | $55.8M | $55.7M | $63.0M | $50.6M | $51.4M | $45.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $9.6M | $9.8M | $9.2M | $6.6M | $7.5M | $2.9M | $6.7M | $3.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-396.1M | $-442.4M | $-339.1M | $-239.8M | $-312.5M | $-58.7M | $-176.7M | $-119.6M |
| Financing Activities | ||||||||
| Dividends Paid | $21.4M | $18.2M | $15.7M | $13.6M | $9.4M | $13.6M | $10.0M | $10.0M |
| Stock Repurchases | $495.0K | $458.0K | $455.0K | $444.0K | $399.0K | $421.0K | $244.0K | $212.0K |
| Net Cash from Financing Activities | $327.7M | $466.9M | $273.4M | $211.6M | $80.4M | $135.8M | $169.8M | $78.1M |
| Net Change in Cash | $8.9M | $86.6M | $-10.0M | $27.5M | $-169.1M | $127.7M | $44.4M | $4.2M |
| Free Cash Flow | $67.7M | $52.4M | $46.6M | $49.1M | $55.5M | $47.7M | $44.7M | $42.7M |