Heritage Financial Corporation (HFWA)

Heritage Financial Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	43.26	61.76	81.88	98.04	46.57
Depreciation & Amortization	3.23	5.6	3.09	-18.63	-0.09
Gain (Loss) on Sale of Assets	-1.48	-0.61	-0.4	-4.44	-1.22
Gain (Loss) on Sale of Investments	22.74	12.23	0.19	-0.38	-1.1
Provision for Credit Losses	6.28	4.28	-1.43	-29.37	36.11
Net Decrease (Increase) in Loans Originated / Sold - Operating	0.03	0.34	2.11	7.1	5.65
Other Operating Activities	-13.89	21.94	5.86	17.2	-14.1
Operating Cash Flow	64.48	109.52	94.46	69.53	70.33
Operating Cash Flow Growth	-41.12%	15.95%	35.85%	-1.14%	-23.96%
Capital Expenditures	-3.46	-10.38	-4.02	-3.02	-7
Sale of Property, Plant and Equipment	7.54	0.08	2.21	10.62	2.96
Investment in Securities	379.54	207.97	-981.72	-531.51	159.52
Divestitures	-	-13.83	-	-	-
Net Decrease (Increase) in Loans Originated / Sold - Investing	-464.59	-280.66	-225.15	699.11	-692.72
Other Investing Activities	-4.94	3.37	0.9	-11.44	-2.6
Investing Cash Flow	-85.9	-93.45	-1,208	163.76	-538.55
Short-Term Debt Issued	1,459	1,890	50.05	15.16	79.51
Total Debt Issued	1,459	1,890	50.05	15.16	79.51
Short-Term Debt Repaid	-1,576	-1,436	-54.29	-	-64
Total Debt Repaid	-1,576	-1,436	-54.29	-	-64
Net Debt Issued (Repaid)	-117	453.4	-4.24	15.16	15.51
Issuance of Common Stock	-	-	-	-	0.12
Repurchase of Common Stock	-22.42	-6.97	-3.2	-22.89	-19.12
Common Dividends Paid	-31.78	-30.82	-29.49	-28.94	-28.86
Net Increase (Decrease) in Deposit Accounts	84.74	-310.3	-469.45	783.35	1,015
Financing Cash Flow	-86.45	105.31	-506.38	746.68	982.97
Net Cash Flow	-107.87	121.38	-1,620	979.97	514.75
Free Cash Flow	61.02	99.15	90.44	66.51	63.33
Free Cash Flow Growth	-38.45%	9.63%	35.98%	5.02%	-20.28%
Free Cash Flow Margin	28.98%	41.39%	36.12%	24.65%	31.34%
Free Cash Flow Per Share	1.75	2.81	2.55	1.85	1.75
Cash Interest Paid	112.22	46.14	7.71	6.79	13.14
Cash Income Tax Paid	1.51	2.97	5.04	9.89	13.43

Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q