← LAKELAND FINANCIAL CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $52.1m |
$57.3m
+10.07%
|
$80.4m
+40.26%
|
$87.0m
+8.25%
|
$84.3m
-3.11%
|
$95.7m
+13.51%
|
$103.8m
+8.44%
|
$93.8m
-9.68%
|
$93.5m
-0.31%
|
$103.4m
+10.57%
|
— | |
| Depreciation | $4.2m | $5.1m | $5.7m | $5.9m | $6.0m | $6.1m | $6.0m | $6.2m | $6.0m | $6.0m | $6.0m | |
| Deferred Other Tax Expense (Benefit) | — | $4.1m | ($408k) | $0 | ($71k) | ($330k) | ($514k) | ($718k) | ($215k) | $136k | — | |
| Share-based Payment Arrangement, Noncash Expense | $4.2m | $5.7m | $5.6m | $4.2m | $1.8m | $7.2m | $7.8m | $3.7m | $4.6m | $8.6m | $10.4m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $7.2m | $7.8m | $3.7m | $4.6m | $8.6m | $10.4m | |
| Changes in operating assets and liabilities: | ||||||||||||
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $9.4m | $5.8m | $16.8m | $11.8m | — | |
| Increase (Decrease) in Other Operating Assets | — | — | — | $4.7m | $6.3m | $1.9m | $10.7m | $6.2m | ($1.3m) | $162k | — | |
| Increase (Decrease) in Other Operating Liabilities | $3.8m | $2.6m | $8.5m | $6.5m | ($7.8m) | ($371k) | $40.8m | $10.1m | ($10.7m) | ($13.3m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $62.2m |
$77.2m
+24.19%
|
$105.0m
+35.90%
|
$100.0m
-4.70%
|
$87.2m
-12.81%
|
$113.8m
+30.43%
|
$169.3m
+48.85%
|
$114.0m
-32.69%
|
$102.5m
-10.09%
|
$114.9m
+12.10%
|
$128.8m
+12.14%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $9.8m | $9.6m | $8.0m | $8.0m | $5.7m | $6.2m | $4.8m | $6.0m | $8.6m | $11.1m | ($17.2m) | |
| Equipment Expense | $3.9m | $4.6m | $5.2m | $5.5m | $5.8m | $5.5m | $5.8m | $5.6m | $5.6m | $5.7m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($160k) | ($79k) | ($1k) | $3k | ($86k) | ($43k) | ($7k) | ($3k) | ($81k) | ($85k) | ($568k) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $69.3m | $61.7m | $53.8m | $67.8m | $98.0m | $137.8m | $108.1m | $71.8m | $59.7m | $66.8m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($442.4m) | ($396.1m) | ($166.4m) | ($168.7m) | ($712.0m) | ($331.5m) | ($626.5m) | ($54.9m) | ($164.2m) | ($325.4m) | ($367.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $2k | $275.0m | $80.0m | — | — | $0 | — | — | — | — | $0 | |
| Debt and Equity Securities, Gain (Loss) | — | — | ($50k) | $142k | $433k | $797k | $21k | ($25k) | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | $95.0m | $0 | — | $75.0m | $0 | $0 | $0 | — | — | $13.0m | |
| Payments for Repurchase of Common Stock | $458k | $495k | $463k | $928k | $10.5m | $559k | $579k | $575k | $592k | $20.4m | — | |
| Payments of Ordinary Dividends, Common Stock | $18.2m | $21.4m | $25.3m | $29.6m | $30.6m | $34.6m | $40.8m | $47.1m | $49.3m | $51.4m | ($52.0m) | |
| Other Interest and Dividend Income | $353k | $354k | $909k | $1.5m | $368k | $549k | $2.2m | $5.7m | $7.6m | $7.0m | — | |
| Net Cash Provided by (Used in) Financing Activities | $466.9m |
$327.7m
-29.81%
|
$102.2m
-68.81%
|
($48.9m)
-147.83%
|
$775.3m
+1685.99%
|
$651.1m
-16.03%
|
($95.8m)
-114.71%
|
($37.5m)
+60.84%
|
$78.1m
+308.31%
|
$183.6m
+135.05%
|
$122.5m
-33.28%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($117.5m) | $150.5m | $433.3m | ($553.0m) | $21.5m | $16.4m | ($26.9m) | $194.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $683.2m | $130.3m | $151.8m | $168.2m | $141.3m | $194.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Bank Owned Life Insurance Income | $1.4m | $1.8m | $1.2m | $1.9m | $2.1m | $2.5m | $432k | $3.1m | — | — | — | |
| Gain (Loss) on Sales of Loans, Net | $2.0m | $1.7m | $1.7m | $2.0m | $4.5m | $4.4m | $1.0m | $292k | $556k | $567k | — | |
| Proceeds from Stock Options Exercised | — | $24k | $118k | $0 | — | — | — | — | — | — | — | |
| Parent Company | $18.2m | $21.4m | $25.3m | $29.6m | $30.6m | $34.6m | $40.8m | $47.1m | $49.3m | $51.4m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | $18.5m | $36.1m | $128.5m | $185.3m | $159.0m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | — | — | $9.0m | $0 | — | |
| Goodwill | $5.0m | $5.0m | $5.0m | $5.0m | $5.0m | $5.0m | $5.0m | $5.0m | $5.0m | $5.0m | — | |
| Income Tax Expense (Benefit) | $25.1m | $32.3m | $18.5m | $20.3m | $19.5m | $21.7m | $21.3m | $16.6m | $18.2m | $22.2m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $1.1m | $3.0m | $6.4m | $3.2m | $14.8m | $1.1m | $9.4m | $5.8m | $16.8m | $11.8m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $985k | — | — | — | — | — | — | — | — |