Farmers & Merchants Bancorp (FMCB)

FMCB Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	88.46	88.31	75.09	66.34	58.73
Depreciation & Amortization	2.94	2.49	2.43	2.63	2.77
Gain (Loss) on Sale of Investments	-2.12	8.09	11.07	-1.11	1.12
Provision for Credit Losses	-	9.41	6.45	1.91	4.5
Change in Other Net Operating Assets	8.77	-2.98	4.65	-6.75	-4.95
Other Operating Activities	5.69	-11.98	2.1	-3.06	-4.05
Operating Cash Flow	103.74	93.35	101.78	59.96	58.12
Operating Cash Flow Growth	11.13%	-8.28%	69.73%	3.17%	-28.12%
Capital Expenditures	-2.4	-4.97	-4.19	-2.07	-7.71
Sale of Property, Plant and Equipment	-	0.03	0.07	1.7	0.08
Investment in Securities	-251.12	10.35	-36.73	-158.56	-302.08
Net Decrease (Increase) in Loans Originated / Sold - Investing	-24.34	-156.43	-275.06	-137.22	-427.05
Other Investing Activities	3.28	4.48	0.61	-	-
Investing Cash Flow	-274.58	-146.55	-315.3	-296.15	-736.75
Repurchase of Common Stock	-45.26	-20.36	-20.31	-	-2.83
Common Dividends Paid	-13.02	-12.89	-12.49	-12.08	-11.7
Net Increase (Decrease) in Deposit Accounts	31.04	-91.17	119.12	579.89	782.25
Financing Cash Flow	-27.23	-124.42	86.32	567.81	767.71
Net Cash Flow	-198.08	-177.62	-127.2	331.62	89.08
Free Cash Flow	101.34	88.38	97.59	57.89	50.41
Free Cash Flow Growth	14.67%	-9.44%	68.56%	14.85%	-22.83%
Free Cash Flow Margin	45.22%	40.55%	50.60%	32.62%	31.44%
Free Cash Flow Per Share	138.64	116.69	125.48	73.32	63.54
Cash Interest Paid	65.09	29.28	5.79	4.37	10.9
Cash Income Tax Paid	8.39	12.66	12.47	29.94	9.58

Source: S&P Global Market Intelligence. Banks template. Financial Sources.