Meridian Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $21.8M | $16.3M | $13.2M | $21.8M | $35.6M | $26.4M | $10.5M | $8.2M |
| Depreciation & Amortization | — | — | — | — | — | — | $1.7M | $1.4M |
| Depreciation | $1.4M | $2.0M | $1.6M | $1.4M | $1.3M | $1.6M | $1.7M | $1.7M |
| Amortization | $204.0K | $204.0K | $204.0K | $204.0K | $222.0K | $273.0K | $273.0K | — |
| Stock-Based Compensation | $1.2M | $976.0K | $1.2M | $1.5M | $1.6M | $763.0K | $272.0K | — |
| Net Cash from Operating Activities | $24.3M | $9.6M | $18.9M | $84.7M | $165.1M | $-158.5M | $21.6M | $11.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.7M | $568.0K | $1.8M | $2.9M | $5.4M | $747.0K | $746.0K | $1.6M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-163.9M | $-165.0M | $-164.2M | $-393.1M | $-140.5M | $-370.7M | $-143.1M | $-155.6M |
| Financing Activities | ||||||||
| Dividends Paid | $5.7M | $5.6M | $5.6M | $10.9M | $9.7M | $1.5M | — | — |
| Stock Repurchases | — | $0 | $4.3M | $13.0M | $3.0M | $5.7M | $3.0K | — |
| Net Cash from Financing Activities | $147.9M | $126.2M | $163.6M | $323.4M | $-37.9M | $526.5M | $136.9M | $133.0M |
| Net Change in Cash | $8.3M | $-29.2M | $18.3M | $14.9M | $-13.3M | $-2.6M | $15.4M | $-11.6M |
| Free Cash Flow | $22.6M | $9.0M | $17.0M | $81.8M | $159.7M | $-159.2M | $20.8M | $9.4M |