Arrow Financial Corporation (AROW)

Arrow Financial Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	43.95	29.71	30.08	48.8	49.86
Depreciation & Amortization	5.42	5.36	6.72	7.55	7.83
Stock-Based Compensation	0.68	0.31	0.61	0.45	0.41
Other Adjustments	4.25	6.51	3.13	3.49	11.14
Changes in Other Operating Activities	-13.02	-7.42	-19.95	-0.57	-1.03
Operating Cash Flow	41.28	34.47	20.58	59.71	68.21
Operating Cash Flow Growth	19.76%	67.49%	-65.53%	-12.45%	61.19%
Capital Expenditures	-5.09	-5.6	-7.08	-14.25	-7.14
Sale of Property, Plant & Equipment	3.15	3.33	2.71	1.48	1.55
Purchases of Investments	-157.4	-157.22	-82.52	-196.24	-332.75
Proceeds from Sale of Investments	176.1	225	232.13	136.19	148.89
Other Investing Activities	-78.21	-154.46	-227.88	-320.23	-85.15
Investing Cash Flow	-61.45	-88.95	-82.65	-393.06	-274.6
Long-Term Debt Issued	-	102.1	256.5	27	-
Long-Term Debt Repaid	-4.41	-120.06	-284.85	-17.25	-17.53
Net Long-Term Debt Issued (Repaid)	-4.41	-17.96	-28.35	9.75	-17.53
Issuance of Common Stock	0.58	0.72	0.69	3.01	3.82
Repurchase of Common Stock	-10.24	-6.79	-3.61	-2.87	-2.66
Net Common Stock Issued (Repurchased)	-9.66	-6.07	-2.92	0.14	1.16
Common Dividends Paid	-18.9	-18.29	-17.98	-17.44	-16.3
Other Financing Activities	112.77	108.8	189.2	-52.13	315.77
Financing Cash Flow	79.81	66.49	139.95	-59.69	283.1
Net Cash Flow	59.64	12.01	77.88	-393.04	76.71
Free Cash Flow	36.19	28.87	13.5	45.46	61.07
Free Cash Flow Growth	25.35%	113.88%	-70.31%	-25.55%	64.24%
FCF Margin	18.28%	17.20%	8.28%	25.24%	34.88%
Free Cash Flow Per Share	2.19	1.72	0.79	2.67	3.59
Levered Free Cash Flow	26.85	4.09	-18.59	51.28	31.98
Unlevered Free Cash Flow	57	44.38	33.1	65.49	74.58

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q