Nicolet Bankshares, Inc. (NIC)

Nicolet Bankshares Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	61.52	94.26	60.65	60.12	54.64
Depreciation & Amortization	18.4	21.93	13.86	10.69	7.31
Share-Based Compensation	6.44	7.02	7.31	5.7	5.04
Other Operating Activities	21.62	-5.81	15.84	2.39	-8.85
Operating Cash Flow	107.97	117.4	97.65	78.9	58.14
Operating Cash Flow Growth	-8.03%	20.22%	23.77%	35.71%	14.02%
Capital Expenditures	-18.2	-12.23	-12.79	-10.79	-4.39
Acquisitions	0	119.61	367.8	-21.82	7.33
Change in Investments	597.21	-638.65	-728.35	-176.87	-62.89
Other Investing Activities	12.46	14.91	2.74	0.78	-3.2
Investing Cash Flow	591.46	-516.36	-370.6	-208.7	-63.15
Dividends Paid	-11.12	0	0	0	0
Share Issuance / Repurchase	5.35	-58.22	-60.2	-40.03	-19.72
Debt Issued / Paid	-376	164.13	-84.01	-16.25	-91.47
Other Financing Activities	19.05	-147.52	209.59	806.88	48.73
Financing Cash Flow	-362.73	-41.6	65.38	750.6	-62.45
Net Cash Flow	336.71	-440.57	-207.57	620.8	-67.47
Free Cash Flow	89.77	105.16	84.86	68.11	53.75
Free Cash Flow Growth	-14.63%	23.92%	24.60%	26.72%	15.01%
Free Cash Flow Margin	32.94%	36.72%	40.33%	37.49%	31.94%
Free Cash Flow Per Share	6.09	7.56	7.91	6.59	5.62

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).