← NICOLET BANKSHARES 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 — — — — — — $94.3m $61.5m $124.1m $150.7m
Net Income (Loss) Attributable to Parent $18.5m $33.1m $41.0m $54.6m $60.1m $60.7m $94.3m $61.5m $124.1m $150.7m
Net Income (Loss) Available to Common Stockholders, Basic $17.8m $33.1m $41.0m $55.0m $60.5m $60.7m $94.3m $61.5m $124.1m $150.7m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $18.7m $33.4m $41.4m $55.0m $60.5m $60.7m $94.3m $61.5m $124.1m —
Net Income (Loss) Attributable to Noncontrolling Interest $232k $283k $317k $347k $347k $0 $0 — — —
Depreciation, Amortization and Accretion, Net $5.1m $7.1m $6.3m $7.3m $10.7m $13.9m $21.9m $18.4m $17.0m $15.0m
Amortization of Intangible Assets $3.5m $4.7m $4.4m $3.9m $3.6m $3.5m $6.6m $8.1m $6.9m $5.7m
Depreciation $3.2m $4.2m $4.4m $3.8m $4.4m $5.0m $7.6m $8.2m $8.2m $8.1m
Depreciation Amortization Depletion — — — — — — $21.9m $18.4m $17.0m $15.0m
Deferred Income Tax Expense (Benefit) $3.3m $7.0m ($1.5m) ($2.7m) $3.1m $6.3m ($12.9m) $3.0m $7.4m ($4.6m)
Deferred Income Tax — — — — — — ($12.9m) $3.0m ($7.4m) ($4.6m)
Deferred Tax — — — — — — ($12.9m) $3.0m ($7.4m) ($4.6m)
Share-based Payment Arrangement, Noncash Expense $1.6m $3.1m $4.9m $5.0m $5.7m $7.3m $7.0m $6.4m $6.6m $7.3m
Share-based Payment Arrangement, Expense — — $4.7m $4.8m $5.3m $6.6m $6.3m $5.8m $5.9m $6.6m
Goodwill, Impairment Loss — — — $762k $0 $0 — — — —
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal ($301k) $5.4m $666k ($3.0m) $7.0m ($10.5m) $73k $2.6m $3.8m $4.3m
Gain (Loss) on Disposition of Other Assets ($500k) $0 $0 ($100k) ($100k) $0 $0 — — —
Gain (Loss) on Disposition of Assets for Financial Service Operations $54k $2.0m $1.2m $7.9m ($1.8m) $4.2m $3.1m ($32.8m) $4.2m $1.2m
Income Tax Expense (Benefit) $9.4m $16.3m $13.4m $16.5m $20.5m $20.5m $31.5m $25.1m $31.1m $36.3m
Operating Lease, Expense — — — — $1.0m $1.3m $2.2m $2.6m $2.7m $2.3m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets — $5.4m — — — — — — — —
Provision for Loan, Lease, and Other Losses — — — — — — — — $3.9m $4.2m
Bank Owned Life Insurance Income $1.3m $1.8m $2.4m $2.4m $2.7m $2.4m $3.8m $4.5m $5.4m $6.4m
Increase (Decrease) in Other Operating Liabilities — ($1.4m) — — — — — — — —
Gain (Loss) on Sales of Loans, Net $5.2m $4.8m $5.5m $11.2m $30.0m — — — — —
Proceeds from Stock Options Exercised — — — — — — — — $24.7m $9.6m
Parent Company — — — — — — — $11.1m $16.5m $18.7m
Debt and Equity Securities, Gain (Loss) — — $77k — — — — — — —
Debt Securities, Available-for-sale, Realized Gain (Loss) — — ($212k) ($22k) $395k ($283k) ($244k) ($3.3m) $968k $126k
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — $1.1m ($987k) $3.4m ($127k) ($252k) $1.1m $676k
Gain (Loss) on Sale of Financing Receivable — — — — — $20.5m $4.9m $4.5m $8.0m $10.5m
Gain (Loss) on Termination of Lease — — — — — — — — — ($400k)
Goodwill $66k $107.4m $107.4m $151.2m $163.2m $317.2m $367.4m $367.4m $367.4m $367.4m
Financing Receivable, Credit Loss, Expense (Reversal) $1.8m $2.3m $1.6m $1.2m $10.3m $12.5m $10.9m — — —
Beginning Cash Position — — — — — — $595.3m $154.7m $491.4m $536.0m
Cash Flow From Continuing Financing Activities — — — — — — ($41.6m) ($362.7m) $199.3m $201.4m
Cash Flow From Continuing Investing Activities — — — — — — ($516.4m) $591.5m ($288.4m) ($230.7m)
Change In Account Payable — — — — — — ($283k) ($5.2m) ($6.2m) $3.0m
Change In Payable — — — — — — ($283k) ($5.2m) ($6.2m) $3.0m
Change In Payables And Accrued Expense — — — — — — ($283k) ($5.2m) ($6.2m) $3.0m
Change In Receivables — — — — — — $73k ($5.3m) $11.7m ($5.2m)
Change In Working Capital — — — — — — ($210k) ($10.6m) $5.5m ($2.2m)
Changes In Account Receivables — — — — — — $73k ($5.3m) $11.7m ($5.2m)
Changes In Cash — — — — — — ($440.6m) $336.7m $44.6m $124.2m
End Cash Position — — — — — — $154.7m $491.4m $536.0m $660.2m
Financing Cash Flow — — — — — — ($41.6m) ($362.7m) $199.3m $201.4m
Free Cash Flow — — — — — — $105.2m $89.4m $116.8m $149.4m
Investing Cash Flow — — — — — — ($516.4m) $591.5m ($288.4m) ($230.7m)
Issuance Of Capital Stock — — — — — — $751k $844k $585k $101k
Net Business Purchase And Sale — — — — — $367.8m $119.6m $0 $0 —
Net PPE Purchase And Sale — — — — — — ($12.2m) ($18.2m) ($16.5m) ($1.8m)
Operating Gains Losses — — — — — — ($8.0m) $28.3m ($12.2m) ($11.7m)
Other Non Cash Items — — — — — — $3.8m ($4.1m) ($3.6m) ($5.2m)
Proceeds From Stock Option Exercised — — — — — — $2.5m $10.5m $26.7m $9.6m
Purchase Of Business — — — — — — ($28.2m) $0 $0 —
Purchase Of PPE — — — — — — — ($18.6m) ($16.9m) ($4.1m)
Repurchase Of Capital Stock — — — — — — ($61.5m) ($6.0m) ($12.1m) ($89.3m)
Sale Of Business — — — — — $367.8m $147.8m $0 $0 —
Sale Of PPE — — — — — — — $365k $399k $2.3m
Stock Based Compensation — — — — — — $7.0m $6.4m $6.6m $7.3m
Net Cash Provided by (Used in) Operating Activities $24.8m $40.7m $51.0m $58.1m $78.9m $97.7m $117.4m $108.0m $133.7m $153.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $4.1m $3.7m — — — — ($12.2m) $18.6m $16.9m $4.1m
Payments to Acquire Businesses, Net of Cash Acquired — ($9.1m) — — — ($367.8m) $28.2m $0 $0 —
Net Investment Purchase And Sale — — — — — — $83.8m $766.0m $7.3m ($22.7m)
Purchase Of Investment — — — — — — ($90.1m) ($73.2m) ($111.7m) ($145.3m)
Sale Of Investment — — — — — — $173.9m $839.2m $118.9m $122.6m
Net Other Investing Changes — — — — — — $14.9m $12.5m ($11.5m) $406k
Net Cash Provided by (Used in) Investing Activities $51.4m ($151.0m) ($77.1m) ($63.1m) ($208.7m) ($370.6m) ($516.4m) $591.5m ($288.4m) ($230.7m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $35.6m $47.6m $66.7m $53.9m $94.8m $167.0m $104.1m $285.4m $105.8m $107.2m
Proceeds from Issuance of Long-term Debt — — $0 $0 $367.8m $104.0m $0 $0 — —
Issuance Of Debt — — — — — $104.0m $0 $0 — —
Long Term Debt Issuance — — — — — $104.0m $0 $0 — —
Net Issuance Payments Of Debt — — — — — — $164.1m ($376.0m) ($5.2m) ($27.4m)
Net Long Term Debt Issuance — — — — — — ($20.0m) ($59.0m) ($5.2m) ($27.4m)
Net Short Term Debt Issuance — — — — — — $184.1m ($317.0m) $0 $0
Repayments of Long-term Debt — — $1.3m $87.2m $384.1m $188.0m $20.0m $59.0m $5.2m $27.4m
Long Term Debt Payments — — — — — — ($20.0m) ($59.0m) ($5.2m) ($27.4m)
Repayment Of Debt — — — — — — ($20.0m) ($59.0m) ($5.2m) ($27.4m)
Proceeds from Issuance of Common Stock $1.9m $4.0m $1.8m $8.7m $2.1m $2.4m $3.3m $6.9m $585k $101k
Common Stock Issuance — — — — — — $751k $844k $585k $101k
Net Common Stock Issuance — — — — — — ($60.7m) ($5.2m) ($11.5m) ($89.2m)
Payments for Repurchase of Common Stock — — $22.7m $28.5m $42.1m $62.6m $61.5m $1.5m $10.1m $76.6m
Payments of Ordinary Dividends, Common Stock — — — — — $0 $0 $11.1m $16.5m $18.7m
Common Stock Payments — — — — — — ($61.5m) ($6.0m) ($12.1m) ($89.3m)
Dividends Payable $1.1m — — — — — — — — —
Other Interest and Dividend Income $1.3m $1.6m $3.2m $3.4m $2.6m $2.9m $4.4m $17.5m $20.6m $21.7m
Cash Dividends Paid — — — — — — $0 ($11.1m) ($16.5m) ($18.7m)
Common Stock Dividend Paid — — — — — — $0 ($11.1m) ($16.5m) ($18.7m)
Net Cash Provided by (Used in) Financing Activities ($30.8m) $136.1m $120.7m ($62.5m) $750.6m $65.4m ($41.6m) ($362.7m) $199.3m $201.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $45.5m $25.8m $94.6m ($67.5m) $620.8m ($207.6m) ($440.6m) $336.7m $44.6m $124.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $249.5m $182.1m $802.9m $595.3m $154.7m $491.4m $536.0m $660.2m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($440.6m) $336.7m $44.6m $124.2m
Interest Paid, Excluding Capitalized Interest, Operating Activities $7.5m $10.9m $18.5m $22.3m $23.5m $10.9m $37.4m $138.0m $170.3m $163.6m
Income Taxes Paid, Net $7.2m $12.8m $10.8m $16.1m $22.0m $24.3m $33.6m $23.0m $25.3m $39.2m

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