Southern First Bancshares, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $30.4M | $15.5M | $13.4M | $29.1M | $46.7M | $18.3M | $27.9M | $22.3M |
| Depreciation & Amortization | $4.3M | $4.7M | $4.7M | $3.7M | $2.2M | $2.1M | $1.9M | $1.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $2.3M | $2.3M | $1.9M | $2.0M | $1.6M | $1.4M | $1.7M | $1.5M |
| Net Cash from Operating Activities | $30.5M | $25.6M | $17.7M | $50.3M | $78.1M | $20.6M | $18.3M | $31.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $581.0K | $785.0K | $1.2M | $14.0M | $26.5M | $7.3M | $8.4M | $1.9M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-206.3M | $-28.9M | $-378.6M | $-792.6M | $-410.6M | $-230.8M | $-275.6M | $-301.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $282.6M | $10.0M | $346.2M | $745.9M | $399.1M | $183.0M | $312.2M | $250.7M |
| Net Change in Cash | — | — | — | — | — | — | $54.9M | $-19.3M |
| Free Cash Flow | $29.9M | $24.8M | $16.4M | $36.4M | $51.6M | $13.3M | $9.9M | $29.8M |