National Research 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	2014	2013 - 1994
Net Income	30.97	31.8	37.47	37.26	32.41	30.05	22.94	20.52	17.61	18.16	Upgrade
Depreciation & Amortization	5.9	5.28	6.37	7.51	5.54	5.46	4.59	4.23	4.11	3.8	Upgrade
Share-Based Compensation	0.94	1.2	0.62	0.68	1.22	1.51	1.85	1.93	1.41	0.84	Upgrade
Other Operating Activities	0.31	-2.01	1.88	-4.81	1.75	2.82	-1.28	0.17	-1.24	3.4	Upgrade
Operating Cash Flow	38.11	36.27	46.34	40.64	40.92	39.85	28.09	26.84	21.89	26.2	Upgrade
Operating Cash Flow Growth	5.10%	-21.75%	14.05%	-0.69%	2.68%	41.85%	4.65%	22.65%	-16.46%	35.63%	Upgrade
Capital Expenditures	-15.78	-9.84	-5.51	-3.98	-4.66	-5.97	-4.57	-3.97	-2.94	-2.49	Upgrade
Acquisitions	0	0	-3	0	0	0	0	0.22	1.61	-2.57	Upgrade
Change in Investments	0	0	0	0	0	0	-1.3	0	0	0	Upgrade
Other Investing Activities	-	-	-	0.26	-	-	-0.25	-	-	-0.66	Upgrade
Investing Cash Flow	-15.78	-9.84	-8.51	-3.72	-4.66	-5.97	-6.12	-3.75	-1.33	-5.72	Upgrade
Dividends Paid	-36.37	-20.96	-9.16	-10.52	-31.3	-16.86	-16.87	-28.55	-10.05	0	Upgrade
Share Issuance / Repurchase	-18.52	-27.62	-3.7	1.73	0	0	0	0.55	-1.77	0.06	Upgrade
Debt Issued / Paid	14.17	-4.87	-4.59	-3.94	-3.94	36.59	-2.58	-2.29	-2.5	-2.41	Upgrade
Other Financing Activities	-	-2.14	-0.72	-2.78	-1.1	-74.22	-1.67	-2.2	-2.55	0.62	Upgrade
Financing Cash Flow	-40.71	-55.58	-18.16	-15.5	-36.35	-54.5	-21.12	-32.5	-16.87	-1.73	Upgrade
Exchange Rate Effect	-0	-0.18	0	-0.24	0.61	-1.12	0.86	0.29	-1.59	-0.79	Upgrade
Net Cash Flow	-18.37	-29.34	19.67	21.17	0.53	-21.74	1.71	-9.12	2.1	17.95	Upgrade
Free Cash Flow	22.34	26.43	40.83	36.65	36.26	33.88	23.52	22.87	18.95	23.71	Upgrade
Free Cash Flow Growth	-15.49%	-35.27%	11.40%	1.08%	7.04%	44.02%	2.86%	20.71%	-20.07%	38.41%	Upgrade
Free Cash Flow Margin	15.03%	17.44%	27.60%	27.50%	28.33%	28.30%	20.01%	20.91%	18.51%	23.98%	Upgrade
Free Cash Flow Per Share	0.91	1.06	1.61	1.46	1.46	1.25	0.63	0.42	0.40	0.52	Upgrade

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).