Mackinac Financial Cash Flow - Annual (NASDAQ:MFNC)

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$13.65 $0.29 (2.17%) MFNC stock closing price Mar 29, 2017 (Closing)

The cash flow statement is one of the reports a publicly traded company like Mackinac Financial needs to disclose. While its important to look at the Mackinac Financial debt position, the cash flow statement becomes equally important because public companies use accrual accounting. For example, if a company sells a product which gets counted as Mackinac Financial revenue but does not convert to cash because it does not receive payment in the same quarter, it affects the cash position for that period. Mackinac Financial had cash and cash equivalents of $21.94M at beginning of year and $25M at year end for 2015. Mackinac Financial cash flow analysis tells whether or not the company has enough cash for its day to day activities, and for investing for future growth. Mackinac Financial had an inflow of $4.65M from operating activities, $54.3M spend due to financing activities, and $49M gain due to investing activities for 2015. View details of Mackinac Financial cash flows for latest & last ten financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007
Mackinac Financial Net Income Cash Flow
5.59M1.7M5.93M7.08M2.21M-0.41M2.41M1.87M10.16M
Depreciation Depletion Amortization Cash-Flow1.67M1.5M1.65M1.54M1.41M1.64M2.02M1.35M0.73M
Net Increase (Decrease) in Assets Liabilities1.8M2.22M-0.36M0.72M0.5M12.59M-15.35M0.15M-0.27M
Cash From (used in) Discontinued Operations---------
Other Adjustments Net4.01M3.01M2.06M0.61M-2.26M5.66M2.41M3.99M-6.69M
Mackinac Financial Net Cash from (used by) Operating Activities
13.09M8.44M9.3M9.97M1.87M19.47M-8.49M7.37M3.93M
Increase (Decrease) in Prop Plant And Equipment0.36M-0.52M0.91M-1.32M4.42M2.27M-0.09M1.33M-1.19M
Acquisition Disposition of Subsidiaires--4.48M-------
Increase (Decrease) in Investments12M1.21M-2.01M-4.54M-24.33M-9.35M-18.58M-46.61M-253.38M
Other Cash Inflow (Outflow) from Investment Activities-18.35M-51.19M-37.85M-50.35M-12.12M-28.67M1.22M-8.99M
Mackinac Financial Net Cash from (used by) Invesment Activities
-5.98M-54.98M-38.95M-56.21M-19.91M5.03M-47.36M-44.04M-33.57M
Issuance (Purchase) of Equity Shares-1.12M-0.14M-11.5M10.2M--0.55M11M-0.11M-
Issuance (Repayment) of Debt Securities-4.09M11.99M1.92M-0.07M----7.78M-0.06M
Increase (Decrease) in Bank & Other Borrowings-----0.07M-0.07M-0.07M-1.95M7.71M
Payment of Dividends & Other Cash Distributions-2.17M-1.3M-1.25M-0.77M-0.55M--0.5M--
Other Cash from (used by) Financing Activities
Mackinac Financial Net Cash from (used by) Financing Activities
-4.04M50.26M20.9M39.12M17.38M-35.23M91.18M40.42M25.29M
Effect of Exchange Rate Changes on Cash---------
Mackinac Financial Net Change in Cash & Cash Equivalents
3.06M3.72M-8.74M-7.1M-0.64M-10.71M35.32M3.75M-4.34M
Cash & Equivalents at Beginning of Year21.94M18.21M26.96M34.07M34.71M45.43M10.11M6.36M10.7M
Cash & Equivalents at Year End25M21.94M18.21M26.96M34.07M34.71M45.43M10.11M6.36M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Mackinac Financial stock price history provides insight into historical stock price fluctuations, and Mackinac Financial stock comparison chart enables peer comparison. Some of the key terms used in the statement of cash flows are:
  • Mackinac Financial saw a decrease in Net Change in Cash and Cash Equivalents from $3.72M in 2014 to $3.06M in 2015. Apart from the Mackinac Financial stock price, this is one of the things an investor looks for, as it shows the net change in cash on hand for a company, compared to previous period.
  • The cash generated from the core business or operations was positive at $13.09M for Mackinac Financial in the latest year. For an internet company, this would include all those activities which are involved in eventually selling advertisement space on its website or any online service.
  • Cash Flow from investment activities: Mackinac Financial generated $49M 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 shows the flow of cash between Mackinac Financial and its owners and creditors and was $-4.04M for 2015. Financing activities allow a company to raise capital, and repay bondholders.
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