image
Mercantile Bank Corporation MBWM
Financial Services - Banks - Regional - NASDAQ - US
Watchlist
$ 49.1
-0.708 %
$ 793 M
Market Cap
9.9
P/E
CASH FLOW STATEMENT
66.6 M OPERATING CASH FLOW
-44.43%
Growth Rates
1Year -44.43%
3Years 20.71%
5Years 1.53%
7Years 9.81%
10Years 8.86%
-396 M INVESTING CASH FLOW
28.66%
Growth Rates
1Year 28.66%
3Years 0.24%
5Years -13.47%
7Years -22.33%
10Years -41.37%
363 M FINANCING CASH FLOW
181.91%
Growth Rates
1Year 181.91%
3Years -21.59%
5Years 72.18%
7Years 12.86%
10Years 53.54%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Mercantile Bank Corporation
image
Net Income 82.2 M
Depreciation & Amortization 11.5 M
Capital Expenditures -6.69 M
Stock-Based Compensation 3.38 M
Change in Working Capital -20.3 M
Others -38.4 M
Free Cash Flow 59.9 M

Cash Flow

Millions
Dec-2023 Dec-2022 Dec-2021 Dec-2020 Dec-2019 Dec-2018 Dec-2017 Dec-2016 Dec-2015 Dec-2014 Dec-2013 Dec-2012 Dec-2011 Dec-2010 Dec-2009 Dec-2008 Dec-2007 Dec-2006 Dec-2005 Dec-2004 Dec-2003 Dec-2002 Dec-2001 Dec-2000 Dec-1999 Dec-1998
OPERATING CASH FLOW
Net Income 82.2 61.1 59.0 44.1 49.5 42.0 31.3 31.9 27.0 17.3 17.0 12.5 37.5 (13.3) (52.1) (5.0) 9.0 19.8 17.9 13.7 10.0 7.8 4.5 2.8 2.1 (1.1)
Depreciation & Amortization 11.5 12.9 13.7 9.4 9.6 9.8 10.4 9.6 11.7 7.6 2.2 2.2 2.2 2.4 2.6 2.8 3.1 2.9 2.6 1.7 1.9 1.4 0.7 0.6 0.5 0.3
Deferred Income Tax (2.0) (1.4) 2.0 (4.1) 26 K (0.4) 0.8 (0.8) 4.4 4.5 8.1 5.6 (27.4) 47 K 10.0 (1.6) (2.1) 0 0 0 0 0 0 0 0 0
Stock Based Compensation 3.4 3.4 3.8 2.3 2.9 2.4 2.0 1.5 0.7 0.7 0.5 54 K 61 K 0.3 0.6 0 0 0 0 0 0 0 0 0 0 0
Other Operating Activities (8.2) 17.9 0.5 (4.0) (6.7) 0.2 (3.4) (6.0) (6.8) (7.7) (7.7) (4.4) 7.0 33.5 57.2 65.5 9.2 4.8 3.6 4.4 3.5 2.7 2.2 2.1 2.0 190.8
Change in Working Capital (20.3) 25.9 (14.4) (9.9) (10.5) 7.7 (2.4) (1.6) (1.0) (8.0) 8.4 1.0 3.1 6.8 (27.0) (48.1) 1.5 2.2 1.0 (1.4) (1.8) (1.8) (6.8) 2.6 (1.5) (189.5)
Cash From Operations 66.6 119.9 64.6 37.9 44.8 61.7 38.7 34.6 36.0 14.4 28.5 17.0 22.5 29.6 (8.8) 13.6 20.7 29.8 25.0 18.3 13.6 10.0 0.5 8.0 3.1 0.4
INVESTING CASH FLOW
Capital Expenditures (6.7) (3.0) (5.6) (9.0) (13.5) (6.3) (5.4) (2.0) (1.1) (2.1) (0.3) (0.6) (0.6) (0.1) 44 K (0.7) (3.5) (5.9) (7.7) (10.5) (4.3) (3.5) (6.0) (1.1) (1.9) (1.1)
Other Items (389.2) (552.0) (489.9) (389.8) (79.4) (204.2) (186.0) (94.5) (95.1) 66.9 (12.1) 67.3 228.3 271.8 242.6 (111.1) (80.7) (212.6) (280.0) (320.4) (291.6) (212.5) (175.5) (139.0) (142.5) (193.0)
Cash From Investing Activities (395.9) (555.0) (495.5) (398.8) (92.8) (210.5) (191.5) (96.6) (96.2) 64.8 (12.4) 66.7 227.7 271.7 242.6 (111.8) (84.2) (218.5) (287.6) (330.9) (295.9) (216.0) (181.5) (140.1) (144.4) (194.1)
FINANCING CASH FLOW
Common Stock Repurchased 0 0 (21.4) (6.6) (7.2) (5.9) 0 (11.8) (15.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14.3
Total Debt Repaid 159.6 (54.2) 53.6 40.0 4.0 130.0 45.0 107.0 1.2 (3.0) 10.0 (17.8) (30.4) (147.7) (65.0) 88.7 101.7 (20.6) 21.2 62.8 80.7 29.2 4.5 43 K 16.0 0
Dividends Paid (21.0) (19.6) (18.5) (17.9) (17.1) (27.5) (12.0) (18.7) (9.5) (24.5) (3.9) (1.3) (1.6) (0.6) (1.1) (2.6) (4.7) (4.0) (3.2) (2.6) (1.8) 1 K 0 0 0 0
Other Financing Activities 223.5 (370.3) 765.5 736.9 226.0 (73.7) 134.8 63.1 0.8 (26.1) (11.4) (5.1) (206.1) (110.5) (192.6) 8.5 (55.7) 227.6 260.4 256.5 148.8 185.0 143.3 136.5 132.4 193.0
Cash From Financing Activities 363.1 (443.3) 780.1 753.2 206.4 24.0 169.3 155.7 (22.6) (53.4) (5.1) (24.1) (238.1) (258.8) (237.9) 94.5 41.5 203.4 278.5 316.8 270.7 214.2 182.9 136.5 148.4 193.0
CHANGE IN CASH
Net Change In Cash 33.8 (878.4) 349.2 392.3 158.4 (124.7) 16.5 93.7 (82.8) 25.8 11.0 59.6 12.2 42.5 (4.1) (3.6) (21.9) 14.6 15.9 4.2 (11.6) 8.2 1.8 4.5 7.2 (0.7)
FREE CASH FLOW
Free Cash Flow 59.9 116.8 59.0 28.9 31.3 55.4 33.2 32.6 34.9 12.3 28.2 16.4 21.9 29.5 (8.8) 13.0 17.2 23.8 17.4 7.8 9.3 6.5 (5.5) 6.9 1.2 (0.7)