Summit Financial Cash Flow - Annual (NASDAQ:SMMF)

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$22.92 $0.07 (0.3%) SMMF stock closing price Apr 26, 2017 (Closing)

The Summit Financial cash flow statement is one of the important reports considered by investors doing a fundamental analysis of the company. While its important to look at the Summit 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 Summit 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. The cash flow statement is essetial while conducting the Summit Financial cash flow analysis and can be used to measure the operating performance of Summit Financial compared to various industry peers like MBRG stock and FFKT stock. Summit Financial has a positive cash and cash equivalents change of $37.12M. View details of Summit 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
Summit Financial Net Income Cash Flow
17.29M16.1M11.35M8.06M5.71M4.07M-1.97M-0.71M2.3M6.45M
Depreciation Depletion Amortization Cash-Flow5.75M6.41M6.61M7.55M6.27M3.91M1.3M-0.59M1.44M1.78M
Net Increase (Decrease) in Assets Liabilities1.22M-1.41M-2.13M-3.88M-1.37M2.64M-3.94M0.61M-3.28M
Cash From (used in) Discontinued Operations----------
Other Adjustments Net-1.06M2.53M7.62M10.4M13.64M11.62M19.12M25.57M16M8.35M
Summit Financial Net Cash from (used by) Operating Activities
23.21M23.64M25.6M28.16M21.74M18.23M21.09M20.31M20.36M13.3M
Increase (Decrease) in Prop Plant And Equipment2.89M10.63M14.1M10.01M9.03M12.95M17.86M-0.94M-1.01M
Acquisition Disposition of Subsidiaires31.4M--------0.23M
Increase (Decrease) in Investments7.86M-6.26M9.54M-14.99M8.51M-6.66M4.98M55.39M-59.93M-192.15M
Other Cash Inflow (Outflow) from Investment Activities-170.71M-63.35M-87.98M-21.22M11.9M9.63M60.12M-37.01M-163.79M0.19M
Summit Financial Net Cash from (used by) Invesment Activities
-128.55M-58.98M-64.33M-26.2M29.45M15.92M82.97M18.37M-222.78M-192.74M
Issuance (Purchase) of Equity Shares0.54M1.42M7.89M0.09M-5.8M-3.56M0.01M-0.04M
Issuance (Repayment) of Debt Securities-28.91M-18.7M-86.02M-39.79M-66.98M-33.85M-77.38M5.5M76.9M139.62M
Increase (Decrease) in Bank & Other Borrowings53.06M47.76M60.86M58.81M-11.99M14.37M-48.15M-103.36M-18.95M111.62M
Payment of Dividends & Other Cash Distributions-4.27M-3.52M-0.77M-0.77M-0.73M-0.29M-0.29M-0.44M-2.66M-2.46M
Other Cash from (used by) Financing Activities
Summit Financial Net Cash from (used by) Financing Activities
142.47M32.31M39.45M-4.98M-69.08M-34.41M-106.23M-43.23M192.48M188.68M
Effect of Exchange Rate Changes on Cash----------
Summit Financial Net Change in Cash & Cash Equivalents
37.12M-3.02M0.72M-3.02M-17.89M-0.25M-2.16M-4.54M-9.92M9.25M
Cash & Equivalents at Beginning of Year9.48M12.51M11.78M14.8M32.69M4.65M6.81M11.35M21.28M12.03M
Cash & Equivalents at Year End46.61M9.48M12.51M11.78M14.8M4.39M4.65M6.81M11.35M21.28M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Summit Financial stock price history provides insight into historical stock price fluctuations, and Summit Financial stock comparison chart enables peer comparison. Some of the key terms used in the statement of cash flows are:
  • Summit Financial has cash of $46.61M 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 Summit Financial stock price.
  • The cash generated from the core business or operations was positive at $23.21M for Summit 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.
  • Growth companies (typically most tech companies) spend heavily  on investing activities and this figure was negative at $-128.55M for SMMF 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 $142.47M for Summit 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 Summit Financial Cash Flow

FCF margin
0.34