Arrow Financial Corporation (AROW)

Arrow Financial Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	30.08	48.8	49.86	40.83	37.48
Depreciation & Amortization	6.72	7.55	7.83	6.87	5.5
Share-Based Compensation	0.62	0.49	0.48	0.47	0.62
Other Operating Activities	-16.83	2.88	10.04	-5.85	0.35
Operating Cash Flow	20.58	59.71	68.21	42.31	43.94
Operating Cash Flow Growth	-65.54%	-12.45%	61.19%	-3.71%	4.69%
Capital Expenditures	-4.37	-12.78	-5.59	-2.65	-6.27
Change in Investments	-77.58	-380.29	-269.01	-172.66	-185.96
Other Investing Activities	-0.69	-	-	-12	-
Investing Cash Flow	-82.65	-393.06	-274.6	-187.32	-192.23
Dividends Paid	-17.98	-17.44	-16.3	-15.74	-15.21
Share Issuance / Repurchase	-2.92	0.14	1.16	1.49	1.59
Debt Issued / Paid	-28.35	9.75	-17.53	-148.65	-122.59
Other Financing Activities	189.2	-52.13	315.77	618.67	270.47
Financing Cash Flow	139.95	-59.69	283.1	455.77	134.27
Net Cash Flow	77.88	-393.04	76.71	310.77	-14.02
Free Cash Flow	16.21	46.94	62.62	39.66	37.67
Free Cash Flow Growth	-65.47%	-25.04%	57.88%	5.28%	-2.66%
Free Cash Flow Margin	12.41%	32.50%	43.96%	32.36%	32.89%
Free Cash Flow Per Share	0.95	2.76	3.69	2.35	2.24

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).