Macatawa Bank Corporation (MCBC)

Macatawa Bank Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	43.22	34.73	29.01	30.17	31.98
Depreciation & Amortization	0.32	1.56	2.72	2.62	2.21
Share-Based Compensation	0.82	0.7	0.68	0.51	0.43
Other Operating Activities	-0.56	-2.19	3.5	-2.72	-4.9
Operating Cash Flow	43.8	34.8	35.92	30.58	29.72
Operating Cash Flow Growth	25.86%	-3.13%	17.49%	2.88%	0.29%
Capital Expenditures	2.26	-0.75	-0.82	-2.08	-0.7
Change in Investments	-140.04	-401.73	79.32	-61.53	25.17
Other Investing Activities	-	-	-9.09	-	0.66
Investing Cash Flow	-137.78	-402.48	69.4	-63.62	25.12
Dividends Paid	-11.29	-10.92	-10.9	-10.88	-9.51
Share Issuance / Repurchase	-0.14	-0.21	-0.13	-0.09	-0.1
Debt Issued / Paid	0	-55	-5.62	10	-20.62
Other Financing Activities	-199.41	37.18	279.37	545.29	76.56
Financing Cash Flow	-210.84	-28.94	262.73	544.33	46.32
Net Cash Flow	-304.82	-396.62	368.05	511.29	101.17
Free Cash Flow	46.06	34.05	35.1	28.49	29.02
Free Cash Flow Growth	35.27%	-2.99%	23.19%	-1.82%	2.36%
Free Cash Flow Margin	43.73%	37.30%	42.90%	34.53%	34.69%
Free Cash Flow Per Share	1.34	0.99	1.03	0.84	0.85

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).