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Macatawa Bank Corporation (MCBC)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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14.42+0.12 (+0.84%)
At close: 04:00PM EDT
14.42 0.00 (0.00%)
After hours: 04:01PM EDT
Show:
Income statement
Balance sheet
Annual

Cash flow

All numbers in thousands
Breakdown
ttm
31/12/2023
31/12/2022
31/12/2021
31/12/2020
Cash flows from operating activities
Net income
41,013
43,224
34,731
29,014
30,165
Depreciation & amortisation
633
316
1,558
2,724
2,621
Deferred income taxes
465
535
766
1,095
-695
Stock-based compensation
816
820
703
684
505
Change in working capital
-1,399
-601
-2,100
1,451
-2,038
Accounts receivable
-3,241
-1,684
-6,051
3,640
-7,780
Other working capital
40,341
43,361
34,004
34,931
28,301
Other non-cash items
-1,185
-979
973
7,693
3,462
Net cash provided by operating activities
41,187
43,800
34,800
35,924
30,575
Cash flows from investing activities
Investments in property, plant and equipment
-846
-439
-796
-993
-2,274
Purchases of investments
-13,222
-38,861
-452,138
-347,082
-168,237
Sales/maturities of investments
100,053
59,330
117,294
105,529
153,199
Other investing activities
-
2,699
1,394
-8,922
192
Net cash used for investing activities
-35,188
-137,778
-402,480
69,401
-63,616
Cash flows from financing activities
Debt repayment
-10,000
0
-80,000
-30,619
0
Common stock repurchased
-128
-143
-207
-130
-86
Dividends paid
-11,634
-11,285
-10,915
-10,895
-10,880
Net cash used provided by (used for) financing activities
-68,256
-210,840
-28,938
262,727
544,327
Net change in cash
-62,257
-304,818
-396,618
368,052
511,286
Cash at beginning of period
420,738
755,170
1,151,788
783,736
272,450
Cash at end of period
358,481
450,352
755,170
1,151,788
783,736
Free cash flow
Operating cash flow
41,187
43,800
34,800
35,924
30,575
Capital expenditure
-846
-439
-796
-993
-2,274
Free cash flow
40,341
43,361
34,004
34,931
28,301