LAKELAND FINANCIAL CORPORATION
Cash Flow Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $22.5M | $23.4M | $29.6M | $25.3M | $14.6M | $24.3M | $26.0M | $28.5M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $1.5M | $1.5M | $1.6M | $1.5M | $1.5M | $1.5M | $1.5M | $1.5M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $995.0K | $880.0K | $1.9M | $2.2M | $-2.6M | $2.2M | $1.1M | $2.1M |
| Net Cash from Operating Activities | $21.0M | $24.8M | $26.5M | $50.6M | $9.5M | $27.4M | $34.5M | $43.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.4M | $1.5M | $981.0K | $1.2M | $1.7M | $2.2M | $1.1M | $1.4M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-35.5M | $-61.9M | $-32.5M | $10.5M | $-83.3M | $50.4M | $-192.2M | $-40.5M |
| Financing Activities | ||||||||
| Dividends Paid | $12.3M | $12.3M | $11.8M | $11.8M | $11.8M | $11.7M | $10.2M | $10.2M |
| Stock Repurchases | $83.0K | $208.0K | $84.0K | $206.0K | $81.0K | $204.0K | $74.0K | $220.0K |
| Net Cash from Financing Activities | $-12.0M | $32.9M | $11.6M | $-88.0M | $93.5M | $-54.6M | $83.2M | $32.1M |
| Net Change in Cash | $-26.5M | $-4.1M | $5.5M | $-26.9M | $19.6M | $23.2M | $-74.5M | $35.3M |
| Free Cash Flow | $18.6M | $23.3M | $25.5M | $49.4M | $7.8M | $25.3M | $33.3M | $42.3M |