← CITIZENS FINANCIAL SERVICES INC

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 From Continuing Operations — — — — — — $29.1m $17.8m $27.8m $36.6m
Net Income (Loss) Attributable to Parent $12.6m $13.0m $18.0m $19.5m $25.1m $29.1m $29.1m $17.8m $27.8m $36.6m
Depreciation, Amortization and Accretion, Net $320k $200k $387k $498k ($2.8m) $1.1m $1.0m $1.5m $1.8m $2.1m
Amortization of Intangible Assets $500k $474k $480k $440k $395k $457k $461k $674k $861k $744k
Depreciation $763k $776k $751k $784k $921k $922k $877k $1.1m $1.2m $1.6m
Amortization Of Securities — — — — — — $1.9m $1.6m $1.4m $618k
Depreciation Amortization Depletion — — — — — — $1.0m $1.5m $1.8m $2.1m
Deferred Income Tax Expense (Benefit) $362k $1.4m ($435k) $317k $367k $689k ($36k) $595k $1.8m $797k
Deferred Income Tax — — — — — — ($36k) $595k $1.8m $797k
Deferred Tax — — — — — — ($36k) $595k $1.8m $797k
Share-based Payment Arrangement, Noncash Expense $284k $278k $308k $369k $473k $614k $336k $309k $412k $625k
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — — — $0
Gain (Loss) on Disposition of Assets — — — — — — — — $1.1m $0
Income Tax Expense (Benefit) $3.0m $6.0m $3.4m $3.8m $5.3m $6.2m $6.4m $3.7m $5.9m $8.7m
Additional Financial Items
Provision for Loan, Lease, and Other Losses — — — — — — — $5.5m $2.6m $2.4m
Bank Owned Life Insurance Income $688k $660k $622k $623k $695k $1.8m $852k $1.3m $1.7m $1.4m
Parent Company $5.1m $5.2m $6.1m $6.3m $6.5m $7.4m $7.6m $8.5m $9.3m $9.5m
Debt and Equity Securities, Gain (Loss) — — ($19k) $144k ($41k) $339k ($247k) ($144k) $145k $67k
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — — — — — $0 $0 $0
Equipment Expense $644k $603k $536k $674k $757k $519k $565k $822k $1.0m $1.2m
Equity Securities, FV-NI, Gain (Loss) — — — $120k ($109k) $339k ($251k) ($158k) $145k $67k
Equity Securities, FV-NI, Realized Gain (Loss) — — — $0 $68k $0 ($4k) ($14k) ($4k) $0
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — $120k ($41k) $339k ($247k) ($144k) $149k $67k
Gain (Loss) on Sale of Mortgage Loans $449k $578k $382k $473k $2.2m $1.3m $258k $1.5m $2.3m $2.3m
Goodwill $21.1m $23.3m $23.3m $23.3m $31.4m $31.4m $31.4m $85.8m $85.8m $85.8m
Financing Receivable, Credit Loss, Expense (Reversal) — — — — — — — $5.5m $3.2m $1.9m
Beginning Cash Position — — — — — — $172.8m $26.2m $52.8m $42.2m
Cash Flow From Continuing Financing Activities — — — — — — $182.6m ($59.4m) $25.3m ($4.4m)
Cash Flow From Continuing Investing Activities — — — — — — ($362.5m) $59.5m ($69.1m) ($40.1m)
Change In Account Payable — — — — — — $521k $2.2m $395k ($1.6m)
Change In Payable — — — — — — $521k $2.2m $395k ($1.6m)
Change In Payables And Accrued Expense — — — — — — $521k $2.2m $395k ($1.6m)
Change In Receivables — — — — — — ($2.1m) ($1.5m) $736k ($391k)
Change In Working Capital — — — — — — ($1.6m) $696k $1.1m ($2.0m)
Changes In Account Receivables — — — — — — ($2.1m) ($1.5m) $736k ($391k)
Changes In Cash — — — — — — ($146.6m) $26.6m ($10.6m) ($7.9m)
End Cash Position — — — — — — $26.2m $52.8m $42.2m $34.3m
Financing Cash Flow — — — — — — $182.6m ($59.4m) $25.3m ($4.4m)
Free Cash Flow — — — — — — $31.6m $23.9m $31.9m $35.2m
Gain Loss On Investment Securities — — — — — — $261k $195k ($145k) ($67k)
Gain Loss On Sale Of Business — — — — — — $0 $0 ($1.1m) $0
Investing Cash Flow — — — — — — ($362.5m) $59.5m ($69.1m) ($40.1m)
Issuance Of Capital Stock — — — — — — $112k $34k $0 $0
Net Business Purchase And Sale — — — — — — ($1.1m) $3.4m $7.2m $0
Net PPE Purchase And Sale — — — — — — ($1.6m) ($2.6m) ($1.3m) ($1.3m)
Operating Gains Losses — — — — — — $3k ($1.3m) ($3.6m) ($2.4m)
Other Non Cash Items — — — — — — $848k ($246k) ($152k) ($2.2m)
Proceeds From Stock Option Exercised — — — — — — $0 $0 $16k $68k
Purchase Of Business — — — — — — ($1.1m) ($1.5m) $0 $0
Purchase Of PPE — — — — — — ($1.6m) ($2.6m) ($1.3m) ($1.3m)
Repurchase Of Capital Stock — — — — — — ($1.3m) ($265k) ($266k) ($545k)
Sale Of Business — — — — — — $0 $4.9m $7.2m $0
Sale Of PPE — — — — — $0 — $0 $0 $12k
Stock Based Compensation — — — — — — $336k $309k $412k $625k
Net Cash Provided by (Used in) Operating Activities $16.2m $15.7m $21.5m $21.8m $11.8m $38.7m $33.2m $26.5m $33.2m $36.5m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($1.6m) ($2.6m) ($1.3m) ($1.3m)
Payments to Acquire Businesses, Net of Cash Acquired $0 $4.4m $0 $0 ($1.0m) $0 $0 ($4.9m) $0 $0
Net Investment Purchase And Sale — — — — — — ($84.4m) $99.2m ($6.8m) ($5.8m)
Purchase Of Investment — — — — — — ($133.2m) ($39.4m) ($98.0m) ($118.3m)
Sale Of Investment — — — — — — $48.8m $138.6m $91.3m $112.4m
Net Other Investing Changes — — — — — — $1.1m $1.4m $1.8m $510k
Net Cash Provided by (Used in) Investing Activities ($70.1m) ($105.4m) ($72.4m) ($32.3m) ($110.7m) ($158.2m) ($362.5m) $59.5m ($69.1m) ($40.1m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $67.8m $60.1m $54.0m $62.6m $70.0m $55.5m $33.6m $27.0m $62.9m $78.8m
Proceeds from Issuance of Long-term Debt $543k $9k $10k $10.0m $20.0m $9.9m $0 $40.0m $0 $0
Issuance Of Debt — — — — — — $0 $40.0m $0 $0
Long Term Debt Issuance — — — — — — $0 $40.0m $0 $0
Net Issuance Payments Of Debt — — — — — — $183.3m $5.4m ($25.7m) $10.7m
Net Long Term Debt Issuance — — — — — — ($4.7m) $40.0m ($35.0m) ($42.0m)
Net Short Term Debt Issuance — — — — — — $188.0m ($34.6m) $9.3m $52.7m
Repayments of Long-term Debt $534k $2.0m $1.0m $3.1m $15.0m $26.8m $4.7m $0 $35.0m $42.0m
Long Term Debt Payments — — — — — — ($4.7m) $0 ($35.0m) ($42.0m)
Repayment Of Debt — — — — — — ($4.7m) $0 ($35.0m) ($42.0m)
Proceeds from Issuance of Common Stock — — — — — — $0 $0 $16k $68k
Common Stock Issuance — — — — — — $112k $34k $0 $0
Net Common Stock Issuance — — — — — — ($1.2m) ($231k) ($266k) ($545k)
Payments for Repurchase of Common Stock $3.2m $979k $1.2m $1.3m $2.1m $1.4m $1.3m $265k $202k $358k
Payments of Ordinary Dividends, Common Stock $5.1m $5.2m $6.1m $6.3m $6.5m $7.4m $7.6m $8.5m $9.3m $9.5m
Common Stock Payments — — — — — — ($1.3m) ($265k) ($266k) ($545k)
Cash Dividends Paid — — — — — — ($7.6m) ($8.5m) ($9.3m) ($9.5m)
Common Stock Dividend Paid — — — — — — ($7.6m) ($8.5m) ($9.3m) ($9.5m)
Net Cash Provided by (Used in) Financing Activities $47.3m $90.4m $49.1m $12.3m $149.1m $223.7m $182.6m ($59.4m) $25.3m ($4.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $18.5m $68.7m $172.8m $26.2m $52.8m $42.2m $34.3m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($146.6m) $26.6m ($10.6m) ($7.9m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — $5.7m $9.4m $12.0m $8.2m $7.4m $10.7m $44.7m $67.5m $62.7m
Income Taxes Paid, Net $2.5m $4.5m $3.0m $3.3m $4.8m $5.5m $6.6m $5.1m $2.5m $6.6m

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