Merchants Bancorp Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015
Net Income	244.56	193.74	206.23	166.06	68.11	59.54	51.35	31.13	28.38
Depreciation & Amortization	2.85	2.49	2.19	1.9	0.85	0.46	0.3	0.28	0.3
Other Operating Activities	-638.49	753.57	-278.51	-1,057.32	-1,335.18	141	-230.87	-183.18	89.64
Operating Cash Flow	-356.4	975.77	-49.22	-874.89	-1,257	204.34	-175.89	-149.77	118.33
Capital Expenditures	-7.53	-6.76	-3.65	-3.62	-13.98	-9.19	-0.79	-1.16	-0.32
Acquisitions	-18.76	-14.59	-11.66	-4.18	-1.37	-14.32	0.36	-11.13	0
Change in Investments	-3,235.73	-2,845.9	-459.8	-2,524.41	-942.45	-479.32	-521.69	-251.36	-347.88
Other Investing Activities	1.94	4.4	0.84	-0.02	0.13	-6.24	-1.02	-1.65	-1.14
Investing Cash Flow	-3,260.08	-2,862.85	-474.26	-2,532.23	-957.68	-509.07	-523.14	-265.3	-349.33
Dividends Paid	-48.51	-38.07	-31.24	-23.67	-17.25	-10.22	-7.95	-6.22	-4.22
Share Issuance / Repurchase	0	-3.94	0	0	0	0	106.25	0	3.94
Debt Issued / Paid	33.13	-103.56	-314.3	1,167	-14.01	137.7	-0.39	-0.49	9.63
Other Financing Activities	3,990	1,226	1,722	1,937	2,416	154.26	514.94	420.68	438.8
Financing Cash Flow	3,975	1,081	1,376	3,080	2,385	281.74	612.84	413.97	448.15
Net Cash Flow	358.26	-806.45	852.89	-326.98	170.19	-23	-86.18	-1.1	217.15
Free Cash Flow	-363.93	969.01	-52.86	-878.51	-1,270.99	195.15	-176.67	-150.94	118.01
Free Cash Flow Margin	-69.65%	226.83%	-12.28%	-258.55%	-768.21%	144.63%	-158.02%	-185.16%	173.28%
Free Cash Flow Per Share	-8.42	22.45	-1.22	-20.38	-29.52	4.53	-5.22	-4.77	3.73

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).