Mackinac Financial Cash Flow - Quarterly (NASDAQ:MFNC)

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$11.75 $0.13 (1.13%) MFNC stock closing price Oct 20, 2016 (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 purchased $0.06M worth of MFNC shares. The cash flow statement helps in the Mackinac Financial stock analysis by providing more information for evaluating changes in assets, liabilities and equities. Mackinac Financial had an inflow of $13.52M from operating activities, $43.33M inflow due to financing activities, and $34.63M spend due to investing activities for 2016-Q2. View details of Mackinac Financial cash flows for latest & last 40 quarters.

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Fiscal year is Jan - Dec. 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1
Mackinac Financial Net Income Cash Flow
Depreciation Depletion Amortization Cash-Flow0.82M0.39M1.67M1.26M0.84M0.41M1.5M1.11M0.75M0.39M
Net Increase (Decrease) in Assets Liabilities12.07M-0.89M1.8M1.97M1.89M2.66M2.22M-0.34M0.03M-0.05M
Cash From (used in) Discontinued Operations----------
Other Adjustments Net0.89M0.65M4.01M3.1M2.1M1.16M3.01M2.3M1.39M0.65M
Mackinac Financial Net Cash from (used by) Operating Activities
Increase (Decrease) in Prop Plant And Equipment-0.45M-0.09M0.36M0.06M0.37M0.09M-0.52M-0.28M-0.05M0.03M
Acquisition Disposition of Subsidiaires-12.5M------4.48M---
Increase (Decrease) in Investments5.68M0.01M12M11.96M5.72M2.97M1.21M-4.19M-2.73M-2.87M
Other Cash Inflow (Outflow) from Investment Activities-28.28M-0.84M-18.35M-18.47M-14.25M3.41M-51.19M-35.24M-19.57M-2.27M
Mackinac Financial Net Cash from (used by) Invesment Activities
Issuance (Purchase) of Equity Shares-0.15M-0.09M-1.12M-0.79M-0.5M-0.26M-0.14M-0.14M-0.14M-0.14M
Issuance (Repayment) of Debt Securities13.85M10.7M-4.09M-0.25M14.63M-0.01M11.99M14.55M4.23M1M
Increase (Decrease) in Bank & Other Borrowings----------
Payment of Dividends & Other Cash Distributions-1.24M-0.6M-2.17M-1.57M-0.93M-0.46M-1.3M-0.84M-0.55M-0.27M
Other Cash from (used by) Financing Activities23.52M-17.34M3.35M15.36M-18.15M-9.06M39.72M24.9M17.71M9.41M
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 End40.23M18.01M25M38.58M16.66M24.24M21.94M22.4M20.74M24.75M
All figures in USD. M: Millions of USD, B: Billions of USD.

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:
  • Net Change in Cash and Cash Equivalents: Mackinac Financial cash reduced QoQ to $1M, meaning the company is unable to meet its expenditure and grow cash which will also eventually reflect in the Mackinac Financial stock price movement.
  • The cash generated from the core business or operations was positive at $14.8M for Mackinac Financial in the latest quarter. 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.
  • Growth companies (typically most tech companies) spend heavily  on investing activities and this figure was negative at $-35.55M for MFNC stock. Sometimes a company might have a negative overall cash flow which may not be really bad if it is due to investment expenses. Hence it is important to check the cash flow from investment activities.
  • Cash Flow from financing activities: The cash inflow/outflow from financing activities was $35.98M 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