Southern Michigan Bancorp Cash Flow - Annual (OTCMKTS:SOMC)

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$33.5 $0.05 (0.15%) SOMC stock closing price May 26, 2017 (Closing)

The cash flow statement is one of the reports a publicly traded company like Southern Michigan Bancorp needs to disclose. Financials statements like the income statement and balance sheet show that the company has Southern Michigan Bancorp profits and Southern Michigan Bancorp debt, while the cash flow statement provides details of cash flow movments. Southern Michigan Bancorp cash flow analysis is possible because this statement breaks down how balance sheet accounts and income statement items affect cash and cash equivalents.  Southern Michigan Bancorp had cash and cash equivalents of $13.48M at the beginning of the year and $16.32M at year end for 2016.   The cash from operating activities for Southern Michigan Bancorp is $7.52M for 2016, which saw a decrease of -9.51% from previous year. View details of Southern Michigan Bancorp 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
Southern Michigan Bancorp Net Income Cash Flow
6.09M5.8M4.79M4.49M4.35M3.4M3.09M1.93M0.81M4.13M
Depreciation Depletion Amortization Cash-Flow1.9M1.6M1.76M1.72M1.83M1.6M1.93M1.8M1.81M0.83M
Net Increase (Decrease) in Assets Liabilities-1.63M0.89M1.08M-1.04M0.75M0.28M0.8M-0.9M0.14M-0.07M
Cash From (used in) Discontinued Operations----------
Other Adjustments Net1.15M--0.06M2.52M0.99M3.14M-0.3M4.62M5.12M0.56M
Southern Michigan Bancorp Net Cash from (used by) Operating Activities
7.52M8.31M7.57M7.7M7.93M8.42M5.52M7.46M7.89M5.45M
Increase (Decrease) in Prop Plant And Equipment0.12M0.8M-0.05M0.88M1.04M-0.34M0.53M-0.69M-1.22M-2.56M
Acquisition Disposition of Subsidiaires----------
Increase (Decrease) in Investments-17.61M-24.16M3.24M-13.58M25.08M-30.25M-3.15M8.7M12.32M-8.71M
Other Cash Inflow (Outflow) from Investment Activities-40.44M-19.08M-26.29M-19.17M-40.16M-25.34M23.1M-3.94M0.27M-
Southern Michigan Bancorp Net Cash from (used by) Invesment Activities
-57.94M-42.44M-23.1M-31.87M-14.03M-55.93M20.48M4.07M11.37M-11.27M
Issuance (Purchase) of Equity Shares-0.93M-0.78M-0.15M-0.16M0.01M----0.62M-
Issuance (Repayment) of Debt Securities0.2M-10M-1.03M-6.71M-2.32M-0.75M-1.66M-2.27M-
Increase (Decrease) in Bank & Other Borrowings-2.63M1.29M-3.83M2.34M-1.94M3.04M0.22M0.9M4.11M14.39M
Payment of Dividends & Other Cash Distributions-1.73M-1.49M-1.34M-1.17M-0.76M-0.47M-0.46M-0.81M-1.84M-1.52M
Other Cash from (used by) Financing Activities
Southern Michigan Bancorp Net Cash from (used by) Financing Activities
53.25M32.24M-1.46M6.2M14.25M10.85M28M-14.7M-5.75M10.92M
Effect of Exchange Rate Changes on Cash----------
Southern Michigan Bancorp Net Change in Cash & Cash Equivalents
2.83M-1.88M-16.99M-17.96M8.14M-36.64M54.01M-3.17M13.51M5.1M
Cash & Equivalents at Beginning of Year13.48M15.37M32.36M50.33M42.18M78.83M24.81M27.98M14.47M9.36M
Cash & Equivalents at Year End16.32M13.48M15.37M32.36M50.33M42.18M78.83M24.81M27.98M14.47M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Southern Michigan Bancorp stock price history provides insight into historical stock price fluctuations, and Southern Michigan Bancorp stock comparison chart enables peer comparison. Some of the key terms used in the statement of cash flows are:
  • Southern Michigan Bancorp has cash of $16.32M 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 Southern Michigan Bancorp stock price.
  • The cash generated from the core business or operations was positive at $7.52M for Southern Michigan Bancorp 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 from investing stood at a negative value of $-57.94M for SOMC stock. A company with surplus cash usually thinks of re-investing it in the form of buying fixed assests, or purchasing plant/ machinery which will help grow the business further. By looking at cash flow from investment activities one can check where the company is putting its cash.
  • Cash Flow from financing activities: Financing activities include the cash that comes into a company in the form of loans or interest earned or shareholders money, as well as the cash that goes out. Southern Michigan Bancorp earned $21.01M from financing activities,in the form of repayment of loans or interest paid, dividend pay-out to shareholders etc.
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