SmartFinancial, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $50.3M | $36.1M | $28.6M | $43.0M | $34.8M | $24.3M | $26.5M | $18.1M |
| Depreciation & Amortization | $5.0M | $5.2M | $5.1M | $4.7M | $4.2M | $3.7M | $2.8M | $2.6M |
| Depreciation | — | — | — | — | — | — | — | $2.6M |
| Amortization | $2.2M | $2.4M | $2.6M | $2.6M | $2.3M | $1.7M | $1.4M | $976.0K |
| Stock-Based Compensation | $1.9M | $1.6M | $1.3M | $1.3M | $693.0K | $482.0K | $517.0K | $397.0K |
| Net Cash from Operating Activities | $61.7M | $52.7M | $39.7M | $56.8M | $46.2M | $29.1M | $29.9M | $20.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.4M | $6.4M | $6.3M | $12.5M | $2.4M | $5.4M | $6.3M | $3.8M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-499.0M | $-420.2M | $-135.2M | $-840.8M | $-265.0M | $-259.3M | $-94.8M | $-94.9M |
| Financing Activities | ||||||||
| Dividends Paid | $5.5M | $5.4M | $5.4M | $4.7M | $3.7M | $3.0M | $700.0K | $0 |
| Stock Repurchases | — | $3.0M | — | — | $1.2M | $4.3M | — | — |
| Net Cash from Financing Activities | $514.2M | $402.8M | $181.4M | $5.4M | $782.2M | $528.0M | $133.1M | $76.8M |
| Net Change in Cash | $76.8M | $35.3M | $85.8M | $-778.7M | $563.4M | $297.7M | $68.1M | $2.8M |
| Free Cash Flow | $59.3M | $46.3M | $33.4M | $44.3M | $43.8M | $23.6M | $23.6M | $17.0M |