Mackinac Financial Cash Flow - Annual (NASDAQ:MFNC)

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$13.5 $0 (0%) MFNC stock closing price Feb 23, 2017 (Closing)

The financial analysis of MFNC requires an investor to check the cash flows for Mackinac Financial. 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 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.   MFNC increase in investments stood at a negative value of $-5.98M for the latest 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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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 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: 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.
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Key Financial Ratios For Mackinac Financial Cash Flow

FCF margin
0.22