UNION BANKSHARES, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $11.1M | $8.8M | $11.3M | $12.6M | $13.2M | $12.8M | $10.6M | $7.1M |
| Depreciation & Amortization | $1.6M | $1.6M | $1.6M | $1.8M | $1.8M | $1.9M | $1.6M | $1.2M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | $0 | $71.0K | $171.0K | $171.0K | $171.0K |
| Stock-Based Compensation | $494.0K | $398.0K | $374.0K | $446.0K | $299.0K | $236.0K | $165.0K | $120.0K |
| Net Cash from Operating Activities | $17.2M | $12.2M | $9.2M | $29.0M | $29.2M | $-7.1M | $11.6M | $16.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.3M | $1.1M | $1.9M | $665.0K | $3.5M | $1.0M | $6.4M | $3.1M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-88.3M | $-124.8M | $-82.3M | $-207.6M | $-190.0M | $-125.9M | $-48.9M | $-68.0M |
| Financing Activities | ||||||||
| Dividends Paid | $6.6M | $6.5M | $6.5M | $6.3M | $5.9M | $5.7M | $5.5M | $5.3M |
| Stock Repurchases | — | $0 | $130.0K | $79.0K | $2.0K | $0 | $13.0K | $107.0K |
| Net Cash from Financing Activities | $67.6M | $50.8M | $112.8M | $150.5M | $104.0M | $204.6M | $51.1M | $50.0M |
| Net Change in Cash | $-3.5M | $-61.8M | $39.8M | $-28.0M | $-56.8M | $71.6M | $13.8M | $-1.2M |
| Free Cash Flow | $16.0M | $11.1M | $7.2M | $28.4M | $25.7M | $-8.1M | $5.2M | $13.7M |