Mackinac Financial Cash Flow - Annual (NASDAQ:MFNC)

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$11.61 $0.16 (1.36%) MFNC stock closing price Oct 24, 2016 (Closing)

The cash flow statement is one of the reports a publicly traded company like Mackinac Financial needs to disclose. This report provides details about cash inflows and outflows due to the company's business and investment activities, and summarize cash outflows for a given quarter. For Mackinac Financial profits one has to check the income statement and for Mackinac Financial debt one has to check the balance sheet. Mackinac Financial cash flow analysis is possible because this statement breaks down how balance sheet accounts and income statement items affect cash and cash equivalents.  Mackinac Financial had cash and cash equivalents of $21.94M at the beginning of the year and $25M at year end for 2015.   The cash from operating activities for Mackinac Financial is $13.09M for 2015, which saw an increase of 55.09% from previous year. View details of Mackinac Financial cash flows for latest & last ten financial years.

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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Mackinac Financial Net Income Cash Flow
Depreciation Depletion Amortization Cash-Flow1.67M1.5M1.65M1.54M1.41M1.64M2.02M1.35M0.73M1.05M
Net Increase (Decrease) in Assets Liabilities1.8M2.22M-0.36M0.72M0.5M12.59M-15.35M0.15M-0.27M0.04M
Cash From (used in) Discontinued Operations----------
Other Adjustments Net4.01M3.01M2.06M0.61M-2.26M5.66M2.41M3.99M-6.69M-1.11M
Mackinac Financial Net Cash from (used by) Operating Activities
Increase (Decrease) in Prop Plant And Equipment0.36M-0.52M0.91M-1.32M4.42M2.27M-0.09M1.33M-1.19M-0.35M
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-80.43M
Other Cash Inflow (Outflow) from Investment Activities-18.35M-51.19M-37.85M-50.35M-12.12M-28.67M1.22M-8.99M0.16M
Mackinac Financial Net Cash from (used by) Invesment Activities
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-0.06M1.89M
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
Effect of Exchange Rate Changes on Cash----------
Mackinac Financial Net Change in Cash & Cash Equivalents
Cash & Equivalents at Beginning of Year21.94M18.21M26.96M34.07M34.71M45.43M10.11M6.36M10.7M7.94M
Cash & Equivalents at Year End25M21.94M18.21M26.96M34.07M34.71M45.43M10.11M6.36M10.7M
All figures in USD. M: Millions of USD, B: Billions of USD.

While Mackinac Financial stock price history provides the price history of a stock, Mackinac Financial stock comparison chart shows the same in comparison to peers, and cash flow statements provide cash position of the company. Common terms used in the statement of cash flows are:
  • Mackinac Financial has cash of $25M 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 Mackinac Financial stock price.
  • 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: This includes buying/selling of land and equipment, acquisitions and mergers, sell-off, investment in other companies like buying bonds, stocks etc. , and was $13.09M for MFNC in last year report.
  • Cash Flow from financing activities: The cash inflow/outflow from financing activities was $-4.04M for Mackinac Financial. 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.

Key Financial Ratios For Mackinac Financial Cash Flow

FCF margin