Mercantile Bank Corporation (MBWM)

Mercantile Bank Cash Flow Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	82.8	82.22	61.06	59.02	44.14	49.46
Depreciation & Amortization	11.22	11.5	12.95	13.68	9.43	9.55
Share-Based Compensation	3.63	3.73	3.74	4.13	2.72	3.31
Other Operating Activities	-8.86	-30.83	42.12	-12.25	-18.41	-17.55
Operating Cash Flow	88.79	66.61	119.86	64.57	37.88	44.77
Operating Cash Flow Growth	-19.31%	-44.43%	85.62%	70.48%	-15.39%	-27.49%
Capital Expenditures	-5.04	-6.09	-0.02	-4.85	-8.83	-12.63
Acquisitions	0	0	0	-2.68	0	0
Change in Investments	-345.39	-386.87	-551.17	-486.18	-389.98	-84.21
Other Investing Activities	-1.53	-2.97	-3.8	-1.8	-	4
Investing Cash Flow	-351.97	-395.93	-555	-495.51	-398.81	-92.84
Dividends Paid	-21.37	-21	-19.6	-18.52	-17.93	-17.11
Share Issuance / Repurchase	0.92	0.94	0.95	-20.41	-5.73	-6.28
Debt Issued / Paid	53.13	195.04	-54.22	132.73	55.69	3.16
Other Financing Activities	409.79	188.11	-370.38	686.28	721.17	226.68
Financing Cash Flow	442.47	363.08	-443.25	780.09	753.2	206.45
Net Cash Flow	179.29	33.76	-878.39	349.15	392.28	158.38
Free Cash Flow	83.74	60.52	119.84	59.72	29.05	32.14
Free Cash Flow Growth	-22.35%	-49.50%	100.65%	105.59%	-9.61%	-44.00%
Free Cash Flow Margin	38.03%	27.76%	65.21%	32.36%	18.94%	21.46%
Free Cash Flow Per Share	5.20	3.78	7.55	3.81	1.79	1.97

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).