MERCHANTS BANCORP
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $54.7M | $33.1M | $28.4M |
| Depreciation & Amortization | — | — | — |
| Depreciation | $296.0K | $278.0K | $301.0K |
| Amortization | $82.0K | $0 | $0 |
| Stock-Based Compensation | — | — | — |
| Net Cash from Operating Activities | $-175.9M | $-149.8M | $118.3M |
| Investing Activities | |||
| Capital Expenditures | $788.0K | $1.2M | $322.0K |
| Business Acquisitions | — | — | — |
| Net Cash from Investing Activities | $-523.1M | $-265.3M | $-349.3M |
| Financing Activities | |||
| Dividends Paid | $8.0M | $6.2M | $4.2M |
| Stock Repurchases | — | — | — |
| Net Cash from Financing Activities | $612.8M | $414.0M | $448.2M |
| Net Change in Cash | $-86.2M | $-1.1M | $217.1M |
| Free Cash Flow | $-176.7M | $-151.0M | $118.0M |