Heritage Financial Corporation (HFWA)

Heritage Financial Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	61.76	81.88	98.04	46.57	67.56
Depreciation & Amortization	5.6	3.09	-18.63	-0.09	18.11
Share-Based Compensation	4.33	3.8	3.67	3.56	3.23
Other Operating Activities	37.84	5.7	-13.54	20.29	3.59
Operating Cash Flow	109.52	94.46	69.53	70.33	92.49
Operating Cash Flow Growth	15.95%	35.85%	-1.14%	-23.96%	2.30%
Capital Expenditures	-10.3	-3.91	-2.95	-6.44	-12.95
Acquisitions	-13.83	0	9.64	0	0
Change in Investments	-67.96	-1,207.86	156.68	-532.2	-105.97
Other Investing Activities	-1.36	3.99	0.39	0.09	-6.39
Investing Cash Flow	-93.45	-1,207.78	163.76	-538.55	-125.3
Dividends Paid	-30.82	-29.49	-28.94	-28.86	-30.91
Share Issuance / Repurchase	-6.97	-3.2	-22.89	-19	-8.58
Debt Issued / Paid	453.4	-4.24	15.16	15.51	-11.32
Other Financing Activities	-310.3	-469.45	783.35	1,015	150.27
Financing Cash Flow	105.31	-506.38	746.68	982.97	99.47
Net Cash Flow	121.38	-1,619.7	979.97	514.75	66.66
Free Cash Flow	99.23	90.55	66.58	63.89	79.55
Free Cash Flow Growth	9.59%	36.00%	4.21%	-19.68%	18.42%
Free Cash Flow Margin	41.42%	36.16%	24.68%	31.61%	34.91%
Free Cash Flow Per Share	2.83	2.58	1.87	1.77	2.16

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).