UNITED-GUARDIAN, INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $3.8M | $2.6M | $4.6M | $4.1M | $5.9M | $4.8M | $4.7M | $3.8M |
| Depreciation & Amortization | $200.7K | $187.0K | $173.5K | $181.2K | $189.7K | $254.4K | $255.6K | $229.8K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $4.0M | $2.3M | $5.2M | $4.5M | $5.8M | $5.4M | $4.4M | $4.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $38.1K | $166.7K | $62.6K | $54.6K | $288.4K | $252.4K | $274.6K | $454.6K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $2.8M | $490.2K | — | — | $-1.5M | $1.5M | $-1.2M | $746.3K |
| Financing Activities | ||||||||
| Dividends Paid | $6.5M | $3.4M | $4.6M | $3.7M | $4.5M | $6.3M | $3.7M | $4.6M |
| Stock Repurchases | — | — | — | — | — | — | — | $3.8M |
| Net Cash from Financing Activities | $-6.5M | $-3.4M | — | — | $-4.5M | $-6.3M | $-3.7M | $-8.3M |
| Net Change in Cash | $300.4K | $-656.2K | $-942.9K | $389.1K | $-114.1K | $657.4K | $-423.6K | $-3.5M |
| Free Cash Flow | $4.0M | $2.1M | $5.1M | $4.4M | $5.5M | $5.1M | $4.2M | $3.6M |