Independent Bank Corp (Michigan)
NASDAQ:IBCP
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| 52 Week Range |
21.25
38.99
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Independent Bank Corp (Michigan)
Cash Flow Statement
Cash Flow Statement
Independent Bank Corp (Michigan)
| Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
| Net Income |
19
|
18
|
19
|
18
|
18
|
20
|
20
|
21
|
23
|
23
|
25
|
24
|
25
|
21
|
24
|
27
|
32
|
40
|
40
|
42
|
43
|
46
|
42
|
46
|
53
|
56
|
73
|
71
|
67
|
63
|
59
|
60
|
61
|
63
|
58
|
60
|
60
|
59
|
62
|
66
|
62
|
|
| Depreciation & Amortization |
2
|
3
|
4
|
4
|
4
|
5
|
5
|
5
|
5
|
5
|
5
|
6
|
7
|
7
|
8
|
7
|
7
|
6
|
6
|
6
|
6
|
6
|
6
|
7
|
8
|
9
|
11
|
11
|
13
|
12
|
12
|
12
|
11
|
11
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
|
| Change in Deffered Taxes |
8
|
9
|
9
|
9
|
9
|
9
|
9
|
10
|
9
|
10
|
11
|
12
|
10
|
16
|
14
|
13
|
16
|
9
|
9
|
6
|
4
|
1
|
(3)
|
(3)
|
(2)
|
(2)
|
2
|
0
|
1
|
2
|
2
|
5
|
3
|
(0)
|
(1)
|
(2)
|
(2)
|
0
|
0
|
0
|
(1)
|
|
| Stock-Based Compensation |
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
|
| Other Non-Cash Items |
2
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
2
|
2
|
0
|
(1)
|
(3)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
8
|
7
|
4
|
7
|
(4)
|
(7)
|
(6)
|
(10)
|
(10)
|
(5)
|
(2)
|
(1)
|
2
|
3
|
3
|
3
|
(0)
|
1
|
|
| Cash Taxes Paid |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
1
|
0
|
0
|
3
|
6
|
10
|
10
|
7
|
14
|
16
|
16
|
24
|
17
|
14
|
14
|
9
|
7
|
10
|
10
|
14
|
16
|
16
|
16
|
15
|
16
|
|
| Cash Interest Paid |
8
|
7
|
7
|
7
|
6
|
6
|
6
|
6
|
6
|
6
|
7
|
7
|
8
|
9
|
10
|
12
|
14
|
17
|
20
|
23
|
26
|
27
|
26
|
23
|
18
|
17
|
13
|
12
|
11
|
8
|
8
|
8
|
11
|
18
|
30
|
47
|
64
|
79
|
90
|
99
|
104
|
|
| Change in Working Capital |
(14)
|
(17)
|
(28)
|
(18)
|
(4)
|
(10)
|
(1)
|
(4)
|
(19)
|
(16)
|
(22)
|
(20)
|
(24)
|
(1)
|
1
|
(5)
|
2
|
(8)
|
(5)
|
(7)
|
(20)
|
(18)
|
3
|
6
|
1
|
(8)
|
(21)
|
3
|
3
|
39
|
51
|
39
|
79
|
23
|
13
|
(4)
|
(13)
|
3
|
(3)
|
(4)
|
(9)
|
|
| Cash from Operating Activities |
17
N/A
|
13
-23%
|
3
-74%
|
13
+274%
|
26
+108%
|
23
-13%
|
32
+39%
|
31
-3%
|
17
-44%
|
24
+37%
|
21
-10%
|
22
+4%
|
17
-23%
|
39
+127%
|
42
+10%
|
39
-9%
|
53
+37%
|
45
-15%
|
48
+7%
|
46
-5%
|
30
-33%
|
35
+13%
|
47
+35%
|
65
+38%
|
67
+3%
|
59
-12%
|
72
+22%
|
81
+14%
|
76
-6%
|
110
+44%
|
114
+3%
|
105
-8%
|
148
+41%
|
95
-36%
|
80
-16%
|
67
-16%
|
60
-11%
|
76
+27%
|
73
-4%
|
72
-1%
|
64
-12%
|
|
| Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
| Capital Expenditures |
(5)
|
(4)
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(6)
|
(5)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
|
| Other Items |
(118)
|
(78)
|
(78)
|
(80)
|
(121)
|
(156)
|
(110)
|
(165)
|
(121)
|
(135)
|
(189)
|
(201)
|
(272)
|
(273)
|
(240)
|
(210)
|
(185)
|
(180)
|
(184)
|
(190)
|
(180)
|
(177)
|
(213)
|
(581)
|
(617)
|
(550)
|
(726)
|
(393)
|
(372)
|
(557)
|
(441)
|
(499)
|
(543)
|
(419)
|
(295)
|
(230)
|
(194)
|
(157)
|
(145)
|
(45)
|
(34)
|
|
| Cash from Investing Activities |
(123)
N/A
|
(82)
+33%
|
(83)
0%
|
(84)
-2%
|
(125)
-48%
|
(161)
-28%
|
(114)
+29%
|
(168)
-47%
|
(124)
+27%
|
(139)
-12%
|
(192)
-38%
|
(205)
-7%
|
(276)
-34%
|
(278)
-1%
|
(245)
+12%
|
(214)
+12%
|
(190)
+11%
|
(183)
+3%
|
(187)
-2%
|
(193)
-3%
|
(183)
+5%
|
(182)
+1%
|
(219)
-20%
|
(586)
-168%
|
(622)
-6%
|
(554)
+11%
|
(731)
-32%
|
(399)
+45%
|
(379)
+5%
|
(563)
-49%
|
(447)
+21%
|
(505)
-13%
|
(548)
-9%
|
(425)
+23%
|
(300)
+29%
|
(236)
+21%
|
(200)
+15%
|
(163)
+19%
|
(150)
+8%
|
(51)
+66%
|
(40)
+22%
|
|
| Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
| Net Issuance of Common Stock |
0
|
0
|
(1)
|
(4)
|
(9)
|
(13)
|
(28)
|
(25)
|
(21)
|
(17)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(12)
|
(15)
|
(38)
|
(39)
|
(26)
|
(38)
|
(14)
|
(14)
|
(14)
|
(4)
|
(8)
|
(14)
|
(17)
|
(15)
|
(14)
|
(7)
|
(4)
|
(3)
|
(3)
|
(5)
|
(5)
|
(5)
|
(2)
|
(0)
|
|
| Net Issuance of Debt |
4
|
(5)
|
(5)
|
(19)
|
(18)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
7
|
0
|
4
|
23
|
(7)
|
0
|
(3)
|
(7)
|
25
|
31
|
39
|
21
|
14
|
8
|
(0)
|
0
|
0
|
0
|
1
|
37
|
61
|
0
|
(1)
|
(37)
|
(61)
|
(0)
|
0
|
(0)
|
|
| Cash Paid for Dividends |
(3)
|
(4)
|
(6)
|
(6)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(12)
|
(13)
|
(14)
|
(15)
|
(16)
|
(16)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
|
| Other |
39
|
33
|
60
|
52
|
171
|
169
|
160
|
172
|
144
|
137
|
105
|
191
|
198
|
213
|
185
|
182
|
133
|
187
|
198
|
201
|
244
|
160
|
194
|
515
|
529
|
566
|
734
|
357
|
414
|
479
|
346
|
422
|
334
|
256
|
359
|
262
|
258
|
268
|
37
|
86
|
(10)
|
|
| Cash from Financing Activities |
41
N/A
|
24
-41%
|
49
+103%
|
25
-50%
|
139
+466%
|
149
+8%
|
125
-16%
|
140
+12%
|
115
-18%
|
113
-2%
|
96
-15%
|
182
+89%
|
192
+6%
|
211
+10%
|
175
-17%
|
175
0%
|
142
-18%
|
154
+8%
|
168
+9%
|
144
-14%
|
182
+26%
|
143
-22%
|
171
+20%
|
523
+206%
|
519
-1%
|
549
+6%
|
720
+31%
|
331
-54%
|
381
+15%
|
444
+16%
|
313
-29%
|
391
+25%
|
345
-12%
|
295
-15%
|
337
+14%
|
239
-29%
|
197
-17%
|
183
-7%
|
12
-93%
|
64
+434%
|
(30)
N/A
|
|
| Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
| Net Change in Cash |
(66)
N/A
|
(45)
+31%
|
(30)
+33%
|
(47)
-56%
|
40
N/A
|
12
-70%
|
43
+264%
|
3
-94%
|
9
+246%
|
(3)
N/A
|
(75)
-2 781%
|
(1)
+98%
|
(67)
-5 038%
|
(29)
+57%
|
(28)
+4%
|
(1)
+96%
|
6
N/A
|
16
+182%
|
29
+88%
|
(4)
N/A
|
29
N/A
|
(5)
N/A
|
(1)
+74%
|
1
N/A
|
(36)
N/A
|
53
N/A
|
60
+13%
|
13
-78%
|
79
+490%
|
(9)
N/A
|
(21)
-124%
|
(10)
+52%
|
(55)
-460%
|
(35)
+36%
|
117
N/A
|
70
-41%
|
57
-19%
|
95
+68%
|
(65)
N/A
|
85
N/A
|
(6)
N/A
|
|
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