Nicolet Bankshares, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $33.2M | $18.5M | $11.4M | $9.9M | $16.1M | $3.0M |
| Depreciation & Amortization | $7.1M | $5.1M | $3.3M | $3.8M | $3.4M | $2.4M |
| Depreciation | $4.2M | $3.2M | $2.4M | $2.3M | $2.0M | $1.6M |
| Amortization | $4.7M | $3.5M | $1.0M | $1.2M | $1.1M | $639.0K |
| Stock-Based Compensation | $3.1M | $1.6M | $1.2M | $959.0K | $709.0K | $511.0K |
| Net Cash from Operating Activities | $40.7M | $24.8M | $15.1M | $11.0M | $20.2M | $14.9M |
| Investing Activities | ||||||
| Capital Expenditures | $3.7M | $4.1M | $1.2M | $5.8M | $3.0M | $1.9M |
| Business Acquisitions | $-9.1M | $-66.5M | — | — | — | — |
| Net Cash from Investing Activities | $-151.0M | $51.4M | $-21.6M | $-91.0M | $76.4M | $-86.9M |
| Financing Activities | ||||||
| Dividends Paid | — | — | — | — | — | — |
| Stock Repurchases | $15.0M | $5.2M | — | — | — | — |
| Net Cash from Financing Activities | $136.1M | $-30.8M | $21.5M | $1.6M | $-31.6M | $61.8M |
| Net Change in Cash | $25.8M | $45.5M | $14.9M | $-78.3M | $65.0M | $-10.1M |
| Free Cash Flow | $37.0M | $20.8M | $13.9M | $5.3M | $17.1M | $13.0M |