Heartland Financial USA, Inc. (HTLF)

Heartland Financial USA Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	71.87	204.13	211.87	133.49	149.13
Depreciation & Amortization	20.39	24.48	26.89	27.29	30.8
Share-Based Compensation	9.33	8.29	9.06	7.32	6.34
Other Operating Activities	170.68	143.06	70.17	17.82	-25.09
Operating Cash Flow	280.31	388.01	326.04	190.37	161.17
Operating Cash Flow Growth	-27.76%	19.01%	71.27%	18.11%	-33.60%
Capital Expenditures	2.19	-3.93	-6.71	-12.65	-17.03
Acquisitions	0	-50.62	-15.68	641.32	26.81
Change in Investments	794.33	-1,762.24	-1,510.75	-2,934.32	-593.43
Other Investing Activities	5.67	3.75	8.05	4.23	9.68
Investing Cash Flow	802.2	-1,813.04	-1,525.1	-2,301.43	-573.97
Dividends Paid	-59.15	-54.25	-48.56	-31.91	-24.61
Share Issuance / Repurchase	2.47	2.88	2.93	3	0.66
Debt Issued / Paid	245.4	244.29	-122.46	139.09	-108.72
Other Financing Activities	-1,311.3	1,160	1,465	1,960	650.57
Financing Cash Flow	-1,122.58	1,353	1,297	2,070	517.9
Net Cash Flow	-40.07	-72.51	97.7	-40.83	105.1
Free Cash Flow	282.51	384.08	319.32	177.72	144.15
Free Cash Flow Growth	-26.45%	20.28%	79.68%	23.29%	-38.13%
Free Cash Flow Margin	50.57%	54.01%	45.16%	32.61%	27.03%
Free Cash Flow Per Share	6.62	9.05	7.56	4.82	3.93

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).