Independent Bank Corp. (INDB)

Independent Bank Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	239.5	263.81	120.99	121.17	165.18
Depreciation & Amortization	36.1	38.8	32.82	27.26	19.44
Share-Based Compensation	6.38	4.46	4.31	4.12	4.4
Other Operating Activities	-4.99	114.12	32.1	-87.92	27.51
Operating Cash Flow	276.99	421.2	190.22	64.64	216.52
Operating Cash Flow Growth	-34.24%	121.43%	194.29%	-70.15%	52.66%
Capital Expenditures	-15.73	-18.73	-25.03	-6.49	-12.79
Acquisitions	0	0	787.3	0	-105.26
Change in Investments	-201.29	-984.74	-785.82	-484.97	132.72
Other Investing Activities	5.37	3	-39.59	3.25	5.49
Investing Cash Flow	-211.65	-1,000.47	-63.14	-488.21	20.16
Dividends Paid	-98.01	-93.73	-62.74	-60.84	-53.27
Share Issuance / Repurchase	-187.31	-138.67	0.72	-93.95	3.77
Debt Issued / Paid	1,105	-39.06	-604.84	-122.19	-80.75
Other Financing Activities	-1,013.63	-1,037.01	1,484	1,846	-205.91
Financing Cash Flow	-193.95	-1,308.48	816.96	1,569	-336.16
Net Cash Flow	-128.6	-1,887.75	944.05	1,146	-99.48
Free Cash Flow	261.26	402.47	165.19	58.15	203.74
Free Cash Flow Growth	-35.09%	143.64%	184.10%	-71.46%	53.28%
Free Cash Flow Margin	36.91%	55.79%	33.77%	13.63%	40.55%
Free Cash Flow Per Share	5.91	8.68	4.74	1.75	6.21

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).