← 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
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 $80.4m $87.0m $84.3m $95.7m $103.8m $93.8m $93.5m $103.4m
Depreciation $4.2m $5.1m $5.7m $5.9m $6.0m $6.1m $6.0m $6.2m $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
Share-based Payment Arrangement, Expense — — — — — $7.2m $7.8m $3.7m $4.6m $8.6m
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — — — — — $9.4m $5.8m $16.8m $11.8m
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)
Income Tax Expense (Benefit) $25.1m $32.3m $18.5m $20.3m $19.5m $21.7m $21.3m $16.6m $18.2m $22.2m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets — — — $4.7m $6.3m $1.9m $10.7m $6.2m ($1.3m) $162k
Bank Owned Life Insurance Income $1.4m $1.8m $1.2m $1.9m $2.1m $2.5m $432k $3.1m — —
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)
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
Debt and Equity Securities, Gain (Loss) — — ($50k) $142k $433k $797k $21k ($25k) — —
Equipment Expense $3.9m $4.6m $5.2m $5.5m $5.8m $5.5m $5.8m $5.6m $5.6m $5.7m
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
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 — — — — — — —
Net Cash Provided by (Used in) Operating Activities $62.2m $77.2m $105.0m $100.0m $87.2m $113.8m $169.3m $114.0m $102.5m $114.9m
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
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)
Cash flows from financing activities:
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
Proceeds from Issuance of Long-term Debt — $95.0m $0 — $75.0m $0 $0 $0 — —
Repayments of Long-term Debt $2k $275.0m $80.0m — — $0 — — — —
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
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 $102.2m ($48.9m) $775.3m $651.1m ($95.8m) ($37.5m) $78.1m $183.6m
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)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $683.2m $130.3m $151.8m $168.2m $141.3m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — — $18.5m $36.1m $128.5m $185.3m $159.0m

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