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Independent Bank Corporation (IBCP)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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26.40-0.08 (-0.30%)
At close: 04:00PM EDT
26.40 0.00 (0.00%)
After hours: 04:16PM EDT
Show:
Income statement
Balance sheet
Annual

Cash flow

All numbers in thousands
Breakdown
ttm
31/12/2023
31/12/2022
31/12/2021
31/12/2020
Cash flows from operating activities
Net income
62,067
59,067
63,351
62,895
56,152
Depreciation & amortisation
10,103
10,019
10,827
12,130
9,161
Deferred income taxes
314
215
-359
1,912
-2,130
Stock-based compensation
2,251
2,229
2,143
1,947
1,980
Change in working capital
-15,841
-18,214
-11,195
5,502
2,273
Other working capital
67,662
69,565
88,953
104,317
54,301
Other non-cash items
16,624
23,277
30,680
64,987
41,612
Net cash provided by operating activities
73,037
75,589
94,632
110,154
58,684
Cash flows from investing activities
Investments in property, plant and equipment
-5,375
-6,024
-5,679
-5,837
-4,383
Purchases of investments
-1,340
-1,740
-140,208
-824,348
-859,068
Sales/maturities of investments
182,653
145,401
260,037
461,094
344,786
Other investing activities
3,636
2,818
1,930
1,471
2,740
Net cash used for investing activities
-150,208
-162,945
-424,592
-563,064
-553,908
Cash flows from financing activities
Debt repayment
-40,025
-170,980
-295,000
-100,003
-297,904
Common stock issued
22
70
77
61
15
Common stock repurchased
-
-5,157
-4,010
-17,269
-14,231
Dividends paid
-19,466
-19,327
-18,565
-18,155
-17,618
Other financing activities
-
-
-
-
-755
Net cash used provided by (used for) financing activities
11,996
182,766
294,858
443,678
548,625
Net change in cash
-65,175
95,410
-35,102
-9,232
53,401
Cash at beginning of period
227,019
74,371
109,473
118,705
65,304
Cash at end of period
161,844
169,781
74,371
109,473
118,705
Free cash flow
Operating cash flow
73,037
75,589
94,632
110,154
58,684
Capital expenditure
-5,375
-6,024
-5,679
-5,837
-4,383
Free cash flow
67,662
69,565
88,953
104,317
54,301