Citizens Financial Services, Inc. (CZFS)

CZFS Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	17.81	29.06	29.12	25.1	19.49
Depreciation & Amortization	1.52	1.03	1.11	1.14	1.04
Share-Based Compensation	0.31	0.34	0.61	0.47	0.37
Other Operating Activities	6.9	2.81	7.85	-14.89	0.87
Operating Cash Flow	26.54	33.24	38.69	11.82	21.77
Operating Cash Flow Growth	-20.17%	-14.09%	227.30%	-45.69%	1.31%
Capital Expenditures	-2.62	-1.63	-1.11	-0.94	-0.48
Acquisitions	4.91	0	0	1.02	0
Change in Investments	55.74	-361.94	-154.58	-112.62	-32.9
Other Investing Activities	1.43	1.13	-2.55	1.81	1.06
Investing Cash Flow	59.47	-362.45	-158.23	-110.73	-32.32
Dividends Paid	-8.5	-7.59	-7.38	-6.54	-6.32
Share Issuance / Repurchase	-0.23	-1.17	-1.37	-2	-1.29
Debt Issued / Paid	5.43	183.29	-14.87	-11.28	-6.08
Other Financing Activities	-56.09	8.06	247.29	168.91	25.96
Financing Cash Flow	-59.4	182.59	223.67	149.1	12.28
Net Cash Flow	26.61	-146.62	104.13	50.19	1.72
Free Cash Flow	23.92	31.61	37.59	10.88	21.29
Free Cash Flow Growth	-24.32%	-15.91%	245.48%	-48.90%	1.45%
Free Cash Flow Margin	27.71%	39.41%	48.90%	15.28%	37.58%
Free Cash Flow Per Share	5.40	7.81	9.25	2.77	5.80

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).