Arrow Financial 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	29.71	30.08	48.8	49.86
Depreciation & Amortization	5.36	6.72	7.55	7.83
Gain (Loss) on Sale of Assets	0.4	0.19	0.17	0.28
Gain (Loss) on Sale of Investments	2.91	0.09	-0.43	-0.11
Provision for Credit Losses	5.18	3.38	4.8	0.27
Net Decrease (Increase) in Loans Originated / Sold - Operating	-0.38	0.52	0.58	12.32
Change in Other Net Operating Assets	-7.42	-19.95	-0.57	-1.03
Other Operating Activities	-1.92	-1.25	-1.99	0.32
Operating Cash Flow	34.47	20.58	59.71	68.21
Operating Cash Flow Growth	67.49%	-65.53%	-12.45%	61.19%
Capital Expenditures	-5.6	-7.08	-14.25	-7.14
Sale of Property, Plant and Equipment	3.33	2.71	1.48	1.55
Cash Acquisitions	32.35	-	-	-
Investment in Securities	67.78	150.3	-60.06	-183.86
Net Decrease (Increase) in Loans Originated / Sold - Investing	-187.51	-228.9	-319.55	-85.12
Other Investing Activities	0.7	0.32	-0.68	-0.03
Investing Cash Flow	-88.95	-82.65	-393.06	-274.6
Long-Term Debt Issued	102.1	256.5	27	-
Total Debt Issued	102.1	256.5	27	-
Long-Term Debt Repaid	-120.06	-284.85	-17.25	-17.53
Total Debt Repaid	-120.06	-284.85	-17.25	-17.53
Net Debt Issued (Repaid)	-17.96	-28.35	9.75	-17.53
Issuance of Common Stock	0.72	0.69	3.01	3.82
Repurchase of Common Stock	-6.79	-3.61	-2.87	-2.66
Common Dividends Paid	-18.29	-17.98	-17.44	-16.3
Net Increase (Decrease) in Deposit Accounts	102.68	189.2	-52.13	315.77
Other Financing Activities	6.12	-	-	-
Financing Cash Flow	66.49	139.95	-59.69	283.1
Net Cash Flow	12.01	77.88	-393.04	76.71
Free Cash Flow	28.87	13.5	45.46	61.07
Free Cash Flow Growth	113.88%	-70.31%	-25.55%	64.24%
Free Cash Flow Margin	21.45%	10.34%	31.47%	42.87%
Free Cash Flow Per Share	1.72	0.79	2.67	3.58
Cash Interest Paid	84.49	51.83	5.75	5.37
Cash Income Tax Paid	8.85	6.64	13.02	14.76

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