The Bank of N.T. Butterfield & Son Limited (NTB)

NTB Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	225.49	214.02	162.67	147.22	177.08
Depreciation & Amortization	36.21	40.18	69.46	62.44	48.39
Share-Based Compensation	20.81	17.08	15.15	15.25	17.72
Other Operating Activities	17.77	-52	4.07	-36.75	5.54
Operating Cash Flow	300.29	219.27	251.35	188.15	248.72
Operating Cash Flow Growth	36.95%	-12.76%	33.59%	-24.35%	-16.16%
Capital Expenditures	-26.93	-26.88	-15.72	-20.57	-22.78
Acquisitions	0	0	0	0	2,816
Change in Investments	736.07	318.9	-1,889.94	-21.14	-1,699.54
Other Investing Activities	-27.34	-	-	-	-
Investing Cash Flow	681.8	292.02	-1,905.66	-41.71	1,093
Dividends Paid	-86.19	-87.34	-87.29	-88.93	-93.64
Share Issuance / Repurchase	-88.59	-3.9	-19.75	-84.9	-81.19
Debt Issued / Paid	-75	0	0	27.65	0
Other Financing Activities	-1,198.15	-415.57	642.82	692.64	-744.61
Financing Cash Flow	-1,447.92	-506.81	535.78	546.45	-919.43
Exchange Rate Effect	21.55	-91.44	7.54	42.71	86.06
Net Cash Flow	-444.29	-86.95	-1,111	735.6	508.78
Free Cash Flow	273.36	192.4	235.63	167.58	225.95
Free Cash Flow Growth	42.08%	-18.35%	40.60%	-25.83%	-18.77%
Free Cash Flow Margin	47.24%	35.03%	47.16%	33.91%	42.42%
Free Cash Flow Per Share	5.61	3.83	4.71	3.16	4.08

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).