Farmers and Merchants Bancshares, Inc. (FMFG)

FMFG Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	6.42	8.09	8.15	2.68	4.56
Depreciation & Amortization	0.5	0.5	0.49	0.42	0.34
Share-Based Compensation	0.04	0	0	0	0
Other Operating Activities	-1.06	-1.13	1.52	1.04	0.48
Operating Cash Flow	5.9	7.46	10.16	4.14	5.38
Operating Cash Flow Growth	-20.83%	-26.58%	145.33%	-23.10%	-
Capital Expenditures	-0.86	-3.21	-0.33	-0.39	-0.26
Acquisitions	-5.57	-35.42	1.39	-19.37	10.94
Change in Investments	-63.55	-40.64	-164.52	-60.52	-29.83
Other Investing Activities	27.63	43.61	106.02	34.88	-9.56
Investing Cash Flow	-42.36	-35.66	-57.44	-45.39	-28.71
Dividends Paid	-1.24	-1.23	-1.16	-1.07	-1.02
Common Stock Issued	0	0	0	0	3.12
Share Repurchases	0	0	0	0	-0.06
Other Financing Activities	75.12	10.23	33.92	74.17	15.66
Financing Cash Flow	73.88	9	32.77	73.1	17.82
Net Cash Flow	37.43	-19.2	-14.51	31.85	-5.5
Free Cash Flow	5.04	4.25	9.83	3.75	5.13
Free Cash Flow Growth	18.70%	-56.79%	161.87%	-26.80%	-
Free Cash Flow Margin	15.32%	14.84%	35.28%	16.44%	25.41%
Free Cash Flow Per Share	1.63	1.39	3.26	1.26	1.74

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.