MERCANTILE BANK CORPORATION
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $31.3M | $31.9M | $27.0M | $17.3M | $17.0M | $12.5M | $37.5M | $-13.3M |
| Depreciation & Amortization | $10.4M | $9.6M | $11.7M | $7.6M | $2.2M | $2.2M | $2.2M | $2.4M |
| Depreciation | $3.0M | $2.9M | $3.0M | $2.3M | $1.3M | $1.5M | $1.6M | $1.9M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $2.0M | $1.5M | $684.0K | $714.0K | $473.0K | $54.0K | $61.0K | $275.0K |
| Net Cash from Operating Activities | $38.7M | $34.6M | $36.0M | $14.4M | $28.7M | $17.0M | $22.5M | $29.6M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-191.5M | $-96.6M | $-96.2M | $64.8M | $-12.4M | $66.7M | $227.7M | $271.7M |
| Financing Activities | ||||||||
| Dividends Paid | $12.0M | $18.7M | $9.5M | $24.5M | $3.9M | $774.0K | $0 | $85.0K |
| Stock Repurchases | $0 | $3.7M | $15.8M | $0 | $0 | — | — | — |
| Net Cash from Financing Activities | $169.3M | $155.7M | $-22.6M | $-53.4M | $-5.3M | $-24.1M | $-238.1M | $-258.8M |
| Net Change in Cash | $16.5M | $93.7M | $-82.8M | $25.8M | $11.0M | $59.6M | $12.2M | $42.5M |
| Free Cash Flow | — | — | — | — | — | — | — | — |