Heartland Financial USA Cash Flow Statement

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

Millions RSD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2015 - 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2015 - 2019
Net Income	782.11	677.02	588.1	570.22	409.63	400.77	Upgrade
Depreciation & Amortization	475.28	459.91	439.18	416.3	318.06	300.7	Upgrade
Other Operating Activities	-193.2	113.47	-319.34	-603.64	669.35	-221.64	Upgrade
Operating Cash Flow	1,064	1,250	707.93	382.88	1,397	479.84	Upgrade
Operating Cash Flow Growth	38.22%	76.63%	84.90%	-72.59%	191.15%	-49.92%	Upgrade
Capital Expenditures	-522.71	-639.48	-900.37	-409.84	-389.78	-686.68	Upgrade
Sale of Property, Plant & Equipment	0.69	1.42	4.05	0.56	0.25	0.36	Upgrade
Investment in Securities	-215.52	-213.49	5.43	-2.44	-9.23	-19.07	Upgrade
Other Investing Activities	4.13	2.18	1.62	3.33	1.14	2.53	Upgrade
Investing Cash Flow	-733.42	-849.37	-889.27	-408.39	-397.63	-702.86	Upgrade
Long-Term Debt Issued	-	-	708.84	3.68	-	228.55	Upgrade
Long-Term Debt Repaid	-	-380.64	-55.04	-447.82	-164.79	-	Upgrade
Net Debt Issued (Repaid)	-298.42	-380.64	653.8	-444.13	-164.79	228.55	Upgrade
Repurchase of Common Stock	-	-	-14.8	-2.14	-21.24	-	Upgrade
Common Dividends Paid	-172.9	-172.9	-291.22	-160.49	-	-163.33	Upgrade
Financing Cash Flow	-471.05	-553.53	347.78	-606.76	-186.03	65.22	Upgrade
Foreign Exchange Rate Adjustments	0.06	-5.52	-5.07	10.15	-7.75	0.71	Upgrade
Miscellaneous Cash Flow Adjustments	226.55	226.55	10.13	-	-	-	Upgrade
Net Cash Flow	86.34	68.53	171.5	-622.13	805.63	-157.09	Upgrade
Free Cash Flow	541.47	610.92	-192.44	-26.97	1,007	-206.84	Upgrade
Free Cash Flow Margin	3.44%	4.08%	-1.43%	-0.22%	9.39%	-1.94%	Upgrade
Free Cash Flow Per Share	280.12	316.04	-99.47	-13.94	520.58	-106.90	Upgrade
Cash Interest Paid	59.59	58.18	31.21	20.46	14.23	13.3	Upgrade
Cash Income Tax Paid	110.45	113.26	125.57	156	63.47	86.36	Upgrade
Levered Free Cash Flow	326.35	565.42	-469.27	-320.04	1,034	-708.61	Upgrade
Unlevered Free Cash Flow	365.64	604.9	-446.01	-308.99	1,042	-698.75	Upgrade
Change in Net Working Capital	163.68	-266.62	430.48	855.12	-773.39	587.92	Upgrade

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