First Western Financial, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $13.2M | $8.5M | $5.2M | $21.7M | $20.6M | $24.5M | $8.0M | $5.6M |
| Depreciation & Amortization | $2.6M | $2.6M | $2.4M | $2.0M | $1.3M | $1.1M | $1.7M | $2.2M |
| Depreciation | $2.4M | $2.3M | $2.2M | $1.8M | $1.2M | $1.1M | $1.3M | $1.4M |
| Amortization | $206.0K | $226.0K | $250.0K | $308.0K | $17.0K | $14.0K | $374.0K | $831.0K |
| Stock-Based Compensation | $2.2M | $1.5M | $1.8M | $2.6M | $2.9M | $2.5M | $2.3M | $1.9M |
| Net Cash from Operating Activities | $-1.8M | $606.0K | $21.9M | $48.3M | $162.5M | $-93.3M | $-21.5M | $17.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.0M | $1.2M | $2.3M | $3.0M | $2.1M | $1.2M | $415.0K | $714.0K |
| Business Acquisitions | — | — | — | $0 | $-121.0M | $61.3M | — | — |
| Net Cash from Investing Activities | $-264.4M | $66.4M | $-66.4M | $-558.8M | $-43.0M | $-456.0M | $-116.4M | $-63.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $784.0K | $89.0K | $0 | — | — | $377.0K | $743.0K | $181.0K |
| Net Cash from Financing Activities | $228.6M | $-84.3M | $102.4M | $320.0M | $111.5M | $626.7M | $143.2M | $109.1M |
| Net Change in Cash | — | $-18.4M | $57.9M | $-190.5M | $231.0M | — | — | — |
| Free Cash Flow | $-5.8M | $-607.0K | $19.5M | $45.3M | $160.4M | $-94.5M | $-21.9M | $17.1M |