SERVISFIRST BANCSHARES, INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $93.1M | $81.5M | $63.5M | $52.4M | $41.6M | $34.4M | $23.4M | $17.4M |
| Depreciation & Amortization | $2.6M | $2.7M | $2.2M | $1.8M | $1.8M | $1.2M | $1.2M | $1.1M |
| Depreciation | $2.6M | $2.7M | $2.2M | $1.8M | $1.8M | — | — | — |
| Amortization | $277.0K | $334.0K | $376.0K | $0 | $0 | — | — | — |
| Stock-Based Compensation | $1.2M | $1.2M | $1.3M | $3.7M | $1.2M | $1.0M | $975.0K | $713.0K |
| Net Cash from Operating Activities | $118.5M | $98.5M | $76.3M | $65.1M | $74.2M | $41.2M | $24.3M | $29.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $21.2M | $22.2M | $5.5M | $1.3M | $1.3M | $5.5M | $1.3M | $428.0K |
| Business Acquisitions | — | $0 | $12.4M | $0 | $0 | — | — | — |
| Net Cash from Investing Activities | $-1.04B | $-861.6M | $-749.5M | $-549.1M | $-571.7M | $-509.8M | $-507.7M | $-215.3M |
| Financing Activities | ||||||||
| Dividends Paid | $10.0M | $7.9M | $5.9M | $3.6M | $3.7M | $3.1M | $0 | $0 |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $617.4M | $1.19B | $728.0M | $523.1M | $575.2M | $406.4M | $494.4M | $341.5M |
| Net Change in Cash | $-306.4M | $431.8M | $54.8M | $39.0M | $77.7M | $-62.2M | $11.0M | $155.8M |
| Free Cash Flow | $97.3M | $76.3M | $70.7M | $63.8M | $72.9M | $35.7M | $23.0M | $29.1M |