UNION BANKSHARES, INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $8.4M | $8.5M | $7.9M | $7.7M | $7.1M | $6.8M | $5.2M | $5.6M |
| Depreciation & Amortization | $1.2M | $1.3M | $1.1M | $976.0K | $902.0K | $887.0K | $692.0K | $660.0K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $171.0K | $171.0K | $171.0K | $171.0K | $171.0K | $171.0K | $100.0K | $0 |
| Stock-Based Compensation | $104.0K | $66.0K | $35.0K | $20.0K | $12.0K | $8.0K | $9.0K | $25.0K |
| Net Cash from Operating Activities | $9.9M | $7.6M | $13.1M | $2.2M | $17.8M | $3.5M | $7.4M | $11.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.0M | $1.9M | $2.3M | $2.2M | $1.3M | $2.0M | $1.5M | $896.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-55.3M | $-40.7M | $-34.8M | $-22.1M | $-35.0M | $-148.0K | $-22.6M | $-20.4M |
| Financing Activities | ||||||||
| Dividends Paid | $5.2M | $4.9M | $4.8M | $4.6M | $4.5M | $4.5M | $4.5M | $4.5M |
| Stock Repurchases | $60.0K | $6.0K | $94.0K | $45.0K | $21.0K | $36.0K | $0 | $99.0K |
| Net Cash from Financing Activities | $44.7M | $54.4M | $-2.1M | $31.0M | $1.4M | $18.8M | $25.4M | $1.3M |
| Net Change in Cash | $-767.0K | $21.3M | $-23.8M | $11.0M | $-15.8M | $22.1M | $10.1M | $-7.8M |
| Free Cash Flow | $7.9M | $5.7M | $10.8M | $34.0K | $16.5M | $1.5M | $5.9M | $10.4M |