Carter Bankshares Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	24.52	23.38	50.12	31.59
Depreciation & Amortization	7.55	6.61	6.44	6.46
Gain (Loss) on Sale of Assets	-	-	-	0.15
Gain (Loss) on Sale of Investments	3.5	8.09	5.1	-2.16
Total Asset Writedown	-	-	-	3.47
Provision for Credit Losses	-5.05	6.4	2.93	2.08
Net Decrease (Increase) in Loans Originated / Sold - Operating	0.14	0.11	2.14	25.57
Change in Other Net Operating Assets	1.83	-1.43	-0.72	5.61
Other Operating Activities	2.84	2.1	3.88	4.08
Operating Cash Flow	36.94	46.73	70.79	77.54
Operating Cash Flow Growth	-20.95%	-33.99%	-8.70%	906.46%
Capital Expenditures	-8.13	-9.8	-5.89	-8.48
Sale of Property, Plant and Equipment	-	-	0.41	-
Investment in Securities	56.28	67.29	-31.16	-159.4
Divestitures	-	-	-	-73.92
Net Decrease (Increase) in Loans Originated / Sold - Investing	-135.89	-359.41	-342.88	119.45
Other Investing Activities	15.14	-11.89	-7.39	2.74
Investing Cash Flow	-68.4	-307.01	-382.07	-106.36
Short-Term Debt Issued	-	-	17.87	-
Long-Term Debt Issued	1,870	3,442	300.55	-
Total Debt Issued	1,870	3,442	318.42	-
Short-Term Debt Repaid	-	-17.87	-	-
Long-Term Debt Repaid	-2,193	-3,229	-127	-28
Total Debt Repaid	-2,193	-3,247	-127	-28
Net Debt Issued (Repaid)	-323.4	194.98	191.42	-28
Repurchase of Common Stock	-	-16.42	-42.93	-0.16
Net Increase (Decrease) in Deposit Accounts	431.51	89.38	-68.14	92.83
Financing Cash Flow	108.11	267.94	80.35	64.67
Net Cash Flow	76.64	7.66	-230.93	35.86
Free Cash Flow	28.81	36.93	64.9	69.05
Free Cash Flow Growth	-22.00%	-43.09%	-6.01%	-
Free Cash Flow Margin	20.45%	27.52%	41.05%	50.67%
Free Cash Flow Per Share	1.26	1.59	2.64	2.62
Cash Interest Paid	106.34	69.12	19.34	23.47
Cash Income Tax Paid	0.48	5.72	5.79	2.72

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