Heartland Financial USA Cash Flow Statement

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

Millions IDR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	243,368	262,139	167,964
Depreciation & Amortization	133,123	115,773	106,981
Other Operating Activities	-80,177	-75,417	33,724
Operating Cash Flow	296,314	302,495	308,669
Operating Cash Flow Growth	-2.04%	-2.00%	-
Capital Expenditures	-107,114	-329,055	-88,997
Sale of Property, Plant & Equipment	99,074	93,425	138,060
Other Investing Activities	158,784	-91,953	-67,385
Investing Cash Flow	150,745	-327,583	-18,322
Long-Term Debt Issued	192,800	-	-
Short-Term Debt Repaid	-	-	-35,535
Long-Term Debt Repaid	-48,243	-18,073	-175,284
Total Debt Repaid	-48,243	-18,073	-210,818
Net Debt Issued (Repaid)	144,557	-18,073	-210,818
Issuance of Common Stock	250	-	-
Common Dividends Paid	-404,761	-5,538	-35,525
Other Financing Activities	-45,368	47,607	-2,755
Financing Cash Flow	-305,322	23,996	-249,098
Net Cash Flow	141,737	-1,092	41,250
Free Cash Flow	189,200	-26,560	219,673
Free Cash Flow Margin	19.30%	-2.59%	27.07%
Free Cash Flow Per Share	150.19	-21.09	174.39
Cash Interest Paid	15,623	4,955	12,508
Cash Income Tax Paid	12,866	10,864	8,775
Levered Free Cash Flow	205,021	-142,300	-
Unlevered Free Cash Flow	214,584	-139,593	-
Change in Net Working Capital	-32,019	97,658	-

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