Firstbank Cash Flow - Annual (NASDAQ:FBMI)

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$21.59 $0.53 (2.52%) FBMI stock closing price May 30, 2014 (Closing)

The Firstbank cash flow statement is one of the important reports considered by investors doing a fundamental analysis of the company. In simple terms, the cash flow statement measures the cash that has come into the company, and the cash that has gone out during a given period, while the other statements, the income statement and balance sheet, give details about Firstbank profits and Firstbank debt. Firstbank stock analysis shows positive net income cash flow of $12.23M for 2013. This statement is important because profits alone cannot pay employees, or bills. Cash is required.   Firstbank had an inflow of $2.49M from operating activities, $25.15M spend due to financing activities, and $26.05M spend due to investing activities for 2013. View details of Firstbank cash flows for latest & last ten financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2013 2012 2011 2010 2009 2008 2007
Firstbank Net Income Cash Flow
12.23M10.53M5.62M3.76M2.69M0.71M8.38M
Depreciation Depletion Amortization Cash-Flow6.31M6.49M6.54M5.23M4.5M4.3M4.09M
Net Increase (Decrease) in Assets Liabilities5.76M-1.54M4.52M9.31M0.09M2.64M4.06M
Cash From (used in) Discontinued Operations-------
Other Adjustments Net1.36M7.71M12.19M13.95M13.53M10.41M2.44M
Firstbank Net Cash from (used by) Operating Activities
25.68M23.19M28.88M32.26M20.83M18.08M18.98M
Increase (Decrease) in Prop Plant And Equipment-1.66M-1.18M-1.71M-2.27M-1.17M-2.55M-2.99M
Acquisition Disposition of Subsidiaires-------
Increase (Decrease) in Investments3.2M-12.96M-79.22M-108.32M-46.67M-14.45M-46.12M
Other Cash Inflow (Outflow) from Investment Activities-27.24M14.5M34.86M69.34M14.7M-46.81M-15.17M
Firstbank Net Cash from (used by) Invesment Activities
-25.7M0.35M-46.07M-41.24M-33.14M-63.82M-64.29M
Issuance (Purchase) of Equity Shares-16.14M-16.1M0.42M0.39M33.9M1.76M0.8M
Issuance (Repayment) of Debt Securities-2.7M3.03M-21.2M-59.6M-62.01M23.23M51.8M
Increase (Decrease) in Bank & Other Borrowings4.85M-3.99M5.45M1.91M-13.5M10.12M-16.42M
Payment of Dividends & Other Cash Distributions-2.32M-3.56M-1.96M-2.27M-4.57M-6.72M-6.24M
Other Cash from (used by) Financing Activities
Firstbank Net Cash from (used by) Financing Activities
-24.92M0.23M19.47M-24.84M55.96M63.92M33.9M
Effect of Exchange Rate Changes on Cash-------
Firstbank Net Change in Cash & Cash Equivalents
-24.94M23.78M2.27M-33.82M43.65M18.18M-11.4M
Cash & Equivalents at Beginning of Year99.6M75.81M73.53M107.36M63.71M45.52M56.93M
Cash & Equivalents at Year End74.65M99.6M75.81M73.53M107.36M63.71M45.52M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Firstbank stock comparison chart provides an easy way to compare the stock price with peers along with details of Firstbank stock price history.
The statement of cash flows can be categorized into three main sections:
  • Firstbank has cash of $74.65M on hand. A healthy amount of cash on hand is necessary for any company. Cash has an opportunity cost associated with it, and too much cash in bank may mean that the firm has no or limited growth plans. Hence its important to track the Net Change in Cash and Cash Equivalents along with the Firstbank stock price.
  • Cash Flow from operating activities: This is the cash that the company receives from ongoing operations. Firstbank gained $2.49M cash from operations. It is important to check this to see where the company is getting its money from.
  • Cash Flow from investment activities: Firstbank used $26.05M cash due to investment activities. It includes the use of cash outside of normal day to day activities like buying fixed assets, plant and machinery etc.
  • Cash Flow from financing activities: The cash inflow/outflow from financing activities was $-24.92M for Firstbank. The money accounted for under this head comes from external sources which includes lenders, investors and shareholders. Positive cash flow is generated when the company gets cash because of issuance of stocks or bonds. Similarly negative cash flow is generated when shares are repurchased, dividend payments are made, and loans or interest on loans are paid back.
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