Mackinac Financial Cash Flow - Annual (NASDAQ:MFNC)

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$13.8 $0.12 (0.86%) MFNC stock closing price May 26, 2017 (Closing)

The Mackinac Financial cash flow statement is one of the important reports considered by investors doing a fundamental analysis of the company. The profit-loss statement shows Mackinac Financial profits, the balance sheet shows Mackinac Financial debt, and the cash flow statement reflects the liquidity and solvency of a firm. This statement reflects the company's ability to generate cash flows. Mackinac Financial stock analysis shows positive net income cash flow of $4.48M for 2016. This statement is important because profits alone cannot pay employees, or bills. Cash is required.   The cash from operating activities for Mackinac Financial is $0.37M for 2016, which saw a decrease of -97.17% from previous year. 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. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Mackinac Financial Net Income Cash Flow
4.48M5.59M1.7M5.93M7.08M2.21M-0.41M2.41M1.87M10.16M
Depreciation Depletion Amortization Cash-Flow1.92M1.67M1.5M1.65M1.54M1.41M1.64M2.02M1.35M0.73M
Net Increase (Decrease) in Assets Liabilities-9.56M1.8M2.22M-0.36M0.72M0.5M12.59M-15.35M0.15M-0.27M
Cash From (used in) Discontinued Operations----------
Other Adjustments Net3.53M4.01M3.01M2.06M0.61M-2.26M5.66M2.41M3.99M-6.69M
Mackinac Financial Net Cash from (used by) Operating Activities
0.37M13.09M8.44M9.3M9.97M1.87M19.47M-8.49M7.37M3.93M
Increase (Decrease) in Prop Plant And Equipment-0.52M0.36M-0.52M0.91M-1.32M4.42M2.27M-0.09M1.33M-1.19M
Acquisition Disposition of Subsidiaires0.55M--4.48M-------
Increase (Decrease) in Investments10.59M12M1.21M-2.01M-4.54M-24.33M-9.35M-18.58M-46.61M-253.38M
Other Cash Inflow (Outflow) from Investment Activities-52.92M-18.35M-51.19M-37.85M-50.35M-12.12M-28.67M1.22M-8.99M
Mackinac Financial Net Cash from (used by) Invesment Activities
-42.29M-5.98M-54.98M-38.95M-56.21M-19.91M5.03M-47.36M-44.04M-33.57M
Issuance (Purchase) of Equity Shares-0.15M-1.12M-0.14M-11.5M10.2M--0.55M11M-0.11M-
Issuance (Repayment) of Debt Securities16.82M-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-2.49M-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
63.66M-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
21.74M3.06M3.72M-8.74M-7.1M-0.64M-10.71M35.32M3.75M-4.34M
Cash & Equivalents at Beginning of Year25M21.94M18.21M26.96M34.07M34.71M45.43M10.11M6.36M10.7M
Cash & Equivalents at Year End46.75M25M21.94M18.21M26.96M34.07M34.71M45.43M10.11M6.36M
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 had a Net Change in Cash and Cash Equivalents of $21.74M for the latest year 2016. If a firm is able to grow its cash, it is considered to be a positive signal and could lead to a jump in the Mackinac Financial stock price , albeit too much cash on hand can imply the company has no or limited avenues for growth in which to invest this cash.
  • Cash Flow from operating activities: Mackinac Financial reported a positive operating cash flow of $0.37M for 2016 and has seen a decrease from the previous year. Operating cash flow or working capital comes from main business activities. Investors look for positive cash flow from recurring operating activities.
  • Cash Flow from investment activities: Mackinac Financial used $36.31M 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 $63.66M for 2016. Financing activities allow a company to raise capital, and repay bondholders.
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