South Plains Financial, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $58.5M | $49.7M | $62.7M | $58.2M | $58.6M | $45.4M | $29.2M | $29.3M |
| Depreciation & Amortization | $5.8M | $6.5M | $6.4M | $7.0M | $6.4M | $6.6M | $5.2M | $5.2M |
| Depreciation | $5.1M | $5.3M | $5.1M | $5.1M | $4.8M | $4.8M | $4.9M | $5.2M |
| Amortization | $600.0K | $700.0K | $1.0M | $1.5M | $1.7M | $1.7M | $356.0K | — |
| Stock-Based Compensation | $2.6M | $2.3M | $2.2M | $2.8M | $1.6M | $1.3M | $853.0K | $0 |
| Net Cash from Operating Activities | $77.5M | $59.4M | $58.5M | $123.6M | $96.3M | $5.6M | $30.5M | $26.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $5.7M | $3.4M | $4.7M | $4.5M | $2.9M | $3.3M | $4.0M | $3.1M |
| Business Acquisitions | — | — | — | $0 | $0 | $687.0K | $0 | — |
| Net Cash from Investing Activities | $-68.2M | $-13.9M | $-143.4M | $-408.9M | $-159.8M | $-156.2M | $-213.5M | $-184.1M |
| Financing Activities | ||||||||
| Dividends Paid | $10.1M | $9.2M | $8.7M | $8.0M | $5.4M | $2.5M | $1.1M | $30.0M |
| Stock Repurchases | $8.5M | $1.3M | $17.8M | $22.7M | $9.2M | $293.0K | $0 | — |
| Net Cash from Financing Activities | $184.1M | $-16.5M | $180.1M | $33.3M | $250.1M | $292.8M | $95.1M | $108.6M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $71.8M | $56.0M | $53.9M | $119.1M | $93.4M | $2.3M | $26.5M | $23.8M |