NATIONAL BANKSHARES, INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $14.1M | $14.9M | $15.8M | $16.9M | $17.8M | $17.7M | $17.6M | $15.6M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $805.0K | $801.0K | $749.0K | $732.0K | $726.0K | $764.0K | $799.0K | $886.0K |
| Amortization | $68.0K | $257.0K | $999.0K | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $11.0M | $17.5M | $20.5M | $20.3M | $24.5M | $22.7M | $19.5M | $18.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $261.0K | $634.0K | $663.0K | $459.0K | $276.0K | $769.0K | $725.0K | $728.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-20.2M | $-32.2M | $-49.9M | — | — | $-39.7M | $-45.3M | $-47.8M |
| Financing Activities | ||||||||
| Dividends Paid | $8.1M | $8.1M | $7.9M | $7.9M | $7.8M | $7.6M | $6.9M | $6.3M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $8.2M | $16.5M | $28.7M | — | — | $19.9M | $27.9M | $26.2M |
| Net Change in Cash | $-1.0M | $1.8M | $-742.0K | $-389.0K | $-1.5M | $2.9M | $2.0M | $-3.0M |
| Free Cash Flow | $10.7M | $16.9M | $19.9M | $19.9M | $24.2M | $21.9M | $18.7M | $17.8M |