M&T BANK CORPORATION
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.41B | $1.32B | $1.08B | $1.07B | $1.14B | $1.03B | $859.5M | $736.2M |
| Depreciation & Amortization | $109.6M | $107.0M | $99.0M | $96.5M | $91.5M | — | — | — |
| Depreciation | — | — | — | $96.5M | $91.5M | $84.4M | $80.3M | $67.7M |
| Amortization | $31.4M | $42.6M | $26.4M | $33.8M | $46.9M | $60.6M | $61.6M | $58.1M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $2.78B | $1.18B | $1.74B | $1.10B | $932.3M | $500.0M | $1.77B | $1.68B |
| Investing Activities | ||||||||
| Capital Expenditures | $79.0M | $108.0M | $82.0M | $73.0M | $130.0M | $92.0M | $70.0M | — |
| Business Acquisitions | — | — | $1.93B | — | — | — | $-178.9M | $-213.2M |
| Net Cash from Investing Activities | $3.39B | $-720.8M | — | — | $-2.20B | $-4.06B | $368.9M | $475.4M |
| Financing Activities | ||||||||
| Dividends Paid | $457.4M | $441.9M | $375.0M | $371.2M | $365.3M | $357.7M | $350.1M | $335.3M |
| Stock Repurchases | $1.21B | $641.3M | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-6.08B | $-510.1M | — | — | $957.6M | $4.10B | $-1.62B | $-2.46B |
| Net Change in Cash | $100.3M | $-47.5M | $-5.3M | $-299.6M | $-313.7M | $534.2M | $518.6M | $-312.6M |
| Free Cash Flow | $2.70B | $1.08B | $1.66B | $1.03B | $802.3M | $408.0M | $1.70B | — |