← CAMDEN NATIONAL CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $40.1m $28.5m $53.1m $57.2m $59.5m $69.0m $61.4m $43.4m $53.0m $65.2m
Net Income (Loss) Available to Common Stockholders, Basic $39.9m $28.4m $52.9m $57.1m $59.3m $68.8m $61.3m $43.3m $53.0m $65.2m
Depreciation and amortization $4.4m $3.8m $3.8m $3.9m $3.8m $3.7m $3.5m $3.4m $3.3m $5.2m
Depreciation, Amortization and Accretion, Net ($5.0m) ($2.8m) — — — — — — — —
Amortization of Debt Issuance Costs $54k $54k $54k $115k $251k — — — — —
Amortization of Intangible Assets $1.9m $1.8m $725k $705k $682k $655k $625k $592k $556k $5.9m
Deferred Income Tax Expense (Benefit) ($1.3m) $18.1m ($2.6m) $1.3m ($1.8m) ($637k) $1.8m $1.3m $298k $616k
Share-based Payment Arrangement, Noncash Expense $2.0m $1.5m $1.7m $1.9m $1.8m $2.4m $2.6m $2.8m $2.9m $3.4m
Goodwill, Impairment Loss $0 — $0 $0 $0 — — $0 $0 $0
Gain (Loss) on Disposition of Property Plant Equipment $0 $0 $34k $0 $0 $0 $204k $0 $0 $675k
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — — — — — — — ($404k) $22.3m
Gain (Loss) on Disposition of Assets $0 $0 — — — — — — — —
Income Tax Expense (Benefit) $17.5m $33.9m $12.7m $14.4m $14.9m $17.6m $15.6m $10.5m $12.5m $13.5m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($11.3m) ($12.1m) $6.4m $22.4m $10.9m ($2.7m) $4.1m $9.2m $5.8m $3.5m
Provision for Loan, Lease, and Other Losses $5.3m $3.0m $847k $2.9m $12.4m ($3.2m) $4.5m $2.1m — —
Bank Owned Life Insurance Income $2.6m $2.4m $2.4m $2.4m $2.5m $2.4m $1.9m $2.3m $2.8m $3.4m
Increase (Decrease) in Other Operating Liabilities ($1.3m) $1.2m $6.3m ($5.2m) $2.6m $43k ($1.8m) $5.5m $8.4m ($1.5m)
Proceeds from Stock Options Exercised $1.3m $98k $218k $95k $33k $159k $72k — — —
Parent Company $12.4m $14.3m $17.2m $18.6m $19.8m $21.1m $23.5m $24.5m $24.6m $28.5m
Debt and Equity Securities, Gain (Loss) — — — ($105k) $0 $0 ($912k) ($10.3m) $0 $0
Equity Securities, FV-NI, Realized Gain (Loss) — — — — $1.2m — — — — —
Gain (Loss) on Investments $51k $855k $275k — — — ($912k) ($10.3m) $0 $0
Gain (Loss) on Sale of Mortgage Loans $6.2m $6.3m $5.5m $6.4m $15.3m $13.3m $3.4m $1.6m $2.2m $2.7m
Goodwill $94.7m $94.7m $94.7m $94.7m $94.7m $94.7m $94.7m $94.7m $94.7m $151.5m
Marketable Securities, Unrealized Gain (Loss) — — $50k $928k — — — — — —
Noncash Merger Related Costs — — — — — — — — $1.2m $9.3m
Unrealized Gain (Loss) on Derivatives ($289k) $37k $89k ($61k) $1.1m $29k ($62k) $168k $126k $75k
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax ($1.3m) ($1.0m) ($652k) — — — — — — —
Net Cash Provided by (Used in) Operating Activities $57.4m $58.3m $64.3m $32.9m $18.2m $142.7m $105.2m $67.5m $60.9m $63.9m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.7m $2.8m $5.0m $4.3m $2.9m $1.9m $2.2m $2.6m $5.6m $5.7m
Net Cash Provided by (Used in) Investing Activities ($168.0m) ($212.1m) ($276.8m) ($55.8m) ($294.5m) ($649.1m) ($487.7m) ($7.0m) $30.3m ($56.4m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale — — — — — $321.6m $174.5m $73.3m $89.2m $109.3m
Payments for Repurchase of Common Stock $0 — $27k $20.8m $9.7m $10.1m $10.2m $2.0m $1.6m $0
Payments of Ordinary Dividends, Common Stock $12.4m $14.3m $17.2m $18.6m $19.8m $21.1m $23.5m $24.5m $24.6m $28.5m
Dividends Payable $12.9m $14.6m $18.0m $18.9m $19.8m $22.1m $23.7m $24.5m $24.6m $29.5m
Net Cash Provided by (Used in) Financing Activities $118.8m $169.1m $176.5m $31.6m $346.4m $581.2m $237.3m ($36.1m) $23.9m ($125.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $8.2m $15.3m ($36.0m) $8.6m $70.1m $74.9m ($145.2m) $24.4m $115.2m ($117.5m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $8.2m $15.3m ($36.0m) $75.6m $145.8m $220.6m $75.4m $99.8m $215.0m $97.5m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $16.7m $20.8m $30.2m $41.4m $21.5m $11.2m $24.5m $92.4m $116.7m $117.1m
Income Taxes Paid, Net $10.6m $16.8m $10.7m $13.5m $15.7m $18.5m $13.2m $11.1m $8.8m $6.2m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.