GERMAN AMERICAN BANCORP, 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 (Loss) Attributable to Parent $35.2m $40.7m $46.5m $59.2m $62.2m $84.1m $81.8m $85.9m $83.8m $112.6m
Depreciation and amortization $4.3m $4.7m $6.2m $8.6m $9.4m $8.8m $10.1m $9.6m $9.3m $18.7m
Amortization of Intangible Assets $1.1m $942k $1.8m $3.7m $3.5m $2.7m $3.7m $2.8m $2.0m $10.1m
Depreciation $3.8m $3.9m $4.7m $5.8m $6.0m $5.8m $6.6m $6.6m $6.9m $9.0m
Share-based Payment Arrangement, Noncash Expense $1.4m $1.2m $1.4m $1.3m $1.1m $1.7m $2.3m $2.3m $2.9m $2.9m
Share-based Payment Arrangement, Expense $570k $657k $718k $639k $995k $732k $646k $750k $761k $760k
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gain (Loss) on Disposition of Property Plant Equipment ($5k) ($870k) $36k ($111k) $223k $1.6m ($37k) ($547k) $11k ($36k)
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal $6.3m $2.5m $2.8m $19.4m
Gain (Loss) on Disposition of Assets $5k $870k ($44k) $352k ($43k) $0 $0 $83k $38.3m $0
Gain (Loss) on Disposition of Business $5k $870k ($36k) $111k $223k $1.6m ($37k) ($547k) $36.5m $0
Gain (Loss) on Extinguishment of Debt $0 $0 $692k
Income Tax Expense (Benefit) $13.9m $11.5m $9.5m $12.0m $12.8m $18.6m $17.4m $17.8m $20.3m $27.4m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($5.8m) $4.5m ($2.2m) $1.6m $2.9m ($2.7m) $1.1m ($3.7m) ($1.7m) ($7.4m)
Bank Owned Life Insurance Income $987k $1.3m $1.2m $2.0m $2.3m $1.5m $2.3m $1.7m $2.1m $2.6m
Increase (Decrease) in Other Operating Liabilities ($2.5m) ($110k) ($162k) $4.5m $4.4m ($1.2m) $1.6m ($3.2m) ($1.4m) $2.3m
Gain (Loss) on Sales of Loans, Net $3.4m $3.3m $3.0m $4.6m $9.9m $8.3m $3.8m $2.4m $3.1m $4.5m
Proceeds from Stock Options Exercised $0 $0
Debt and Equity Securities, Gain (Loss) ($2.0m) ($596k) $706k $1.2m $4.1m $2.2m $562k $40k ($34.8m) $0
Equipment Expense $2.3m $2.6m $3.1m $3.8m $4.0m $3.8m $3.7m $3.6m
Equity Securities, FV-NI, Gain (Loss) ($2.0m) ($596k) $0 ($1.2m) ($4.1m) ($2.2m) ($562k) ($40k) $34.8m $0
Gain (Loss) on Investments $2.0m $596k $706k $1.2m $4.1m $2.2m $562k $40k ($34.8m) $0
Goodwill $54.1m $54.1m $103.7m $121.3m $122.0m $121.8m $180.4m $180.4m $179.0m $375.5m
Pension Cost (Reversal of Cost) $54k $63k $72k $84k
Financing Receivable, Credit Loss, Expense (Reversal) $17.6m ($6.5m) $6.3m $2.5m
Net Cash Provided by (Used in) Operating Activities $41.9m $54.9m $62.3m $65.2m $92.4m $100.8m $110.0m $107.2m $95.8m $159.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $5.2m $11.2m $15.2m $9.4m $7.1m $4.7m $7.9m $5.7m $5.0m $5.3m
Payments to Acquire Businesses, Net of Cash Acquired $1.0m $0 $0 $0
Net Cash Provided by (Used in) Investing Activities ($71.7m) ($189.3m) ($38.8m) $30.7m ($346.1m) ($640.3m) ($24.2m) $27.3m ($82.4m) ($60.3m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $103.3m $80.0m $78.7m $114.7m $201.0m $208.2m $143.4m $287.1m $356.5m $565.8m
Proceeds from Issuance of Long-term Debt $75.0m $25.0m $89.2m $0 $0 $25.0m $75.0m $25.0m
Repayments of Long-term Debt $24.9m $53.9m $40.2m $65.2m $40.6m $58.1m $41.7m $132k $50.2m $64.5m
Proceeds from Issuance of Common Stock $55k
Dividends paid $10.6m $11.8m $14.1m $17.6m $20.1m $22.2m $27.0m $29.4m $31.8m $43.3m
Payments of Dividends $10.6m $11.8m $14.1m $17.6m $20.1m $22.2m $27.0m $29.4m $31.8m $43.3m
Net Cash Provided by (Used in) Financing Activities $42.6m $139.9m $2.7m ($88.6m) $495.5m $590.6m ($363.7m) ($136.5m) $60.1m ($169.5m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $241.9m $51.1m ($277.8m) ($2.1m) $73.5m ($70.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $345.7m $396.9m $119.1m $115.3m $188.8m $118.4m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $18.2m $30.8m $20.5m $10.0m $17.4m $60.7m $99.1m $124.2m