United Bankshares, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $150.6M | $147.1M | $138.0M | $129.9M | $85.6M | $82.6M | $75.6M | $71.9M |
| Depreciation & Amortization | $-21.6M | $-8.7M | $746.0K | $1.6M | $11.7M | $9.7M | $7.3M | $6.8M |
| Depreciation | $8.9M | $7.9M | $8.4M | $9.4M | $7.9M | $7.8M | $7.0M | $5.2M |
| Amortization | $7.8M | $3.9M | $3.4M | $4.0M | $2.0M | $2.9M | $2.4M | $1.9M |
| Stock-Based Compensation | $3.6M | $2.8M | $2.5M | $2.2M | $1.8M | $1.9M | $1.1M | $1.1M |
| Net Cash from Operating Activities | $253.9M | $170.7M | $174.9M | $152.6M | $142.2M | $129.4M | $118.6M | $100.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $14.4M | $7.3M | $5.3M | $8.9M | $6.0M | $5.2M | $8.0M | $3.3M |
| Business Acquisitions | $-44.5M | $-29.3M | $0 | $-97.3M | — | — | — | — |
| Net Cash from Investing Activities | $266.7M | $31.0M | — | — | $-373.1M | $-208.1M | $158.3M | $631.9M |
| Financing Activities | ||||||||
| Dividends Paid | $121.4M | $96.4M | $88.9M | $82.5M | $62.4M | $62.3M | $54.3M | $52.3M |
| Stock Repurchases | $1.0K | $1.0K | $1.0K | $2.0K | $93.0K | $12.0K | $18.0K | $11.0K |
| Net Cash from Financing Activities | $-289.0M | $375.5M | — | — | $215.5M | $-125.2M | $-102.3M | $-721.1M |
| Net Change in Cash | $231.6M | $577.2M | $104.3M | $336.4M | $-15.5M | $-203.9M | $174.6M | $11.6M |
| Free Cash Flow | $239.6M | $163.5M | $169.6M | $143.7M | $136.2M | $124.2M | $110.5M | $97.6M |