Carter Bankshares Inc
(CARE)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2024 | 12-2023 | 12-2022 | 12-2021 | 12-2020 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 24,523 | 23,384 | 50,118 | 31,590 | -45,858 |
| Depreciation Amortization | 11,164 | 14,703 | 12,433 | 12,735 | 72,863 |
| Income taxes - deferred | 2,689 | 368 | 3,630 | 3,114 | -1,627 |
| Other Working Capital | 3,301 | -46 | 2,376 | 32,200 | -30,162 |
| Loans | 0 | 0 | 1,741 | 25,209 | -5,723 |
| Other Operating Activity | -4,739 | 8,321 | 493 | -27,310 | 18,211 |
| Operating Cash Flow | $36,938 | $46,730 | $70,791 | $77,538 | $7,704 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -8,133 | -9,798 | -5,482 | -8,484 | -10,120 |
| Net Acquisitions | N/A | N/A | N/A | -73,923 | N/A |
| Purchase Of Investment | -25,126 | -24,938 | -135,634 | -466,648 | -278,624 |
| Sale Of Investment | 96,546 | 80,338 | 97,082 | 309,993 | 267,021 |
| Net Loans | -135,888 | -359,407 | -342,877 | 119,451 | -75,688 |
| Other Investing Activity | 4,199 | 6,794 | 4,840 | 13,256 | 4,143 |
| Investing Cash Flow | $-68,402 | $-307,011 | $-382,071 | $-106,355 | $-93,268 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | -2,193,400 | -3,228,835 | -127,000 | -28,000 | N/A |
| Debt Issued | 1,870,000 | 3,441,685 | 300,550 | N/A | 25,000 |
| Debt Repayment | N/A | -17,870 | 17,870 | N/A | N/A |
| Common Stock Repurchased | 0 | -16,416 | -42,927 | -157 | 0 |
| Dividend Paid | N/A | N/A | N/A | N/A | -3,689 |
| Financing Cash Flow | $108,106 | $267,941 | $80,350 | $64,674 | $201,694 |
| Beginning Cash Position | 54,529 | 46,869 | 277,799 | 241,942 | 125,812 |
| End Cash Position | 131,171 | 54,529 | 46,869 | 277,799 | 241,942 |
| Net Cash Flow | $76,642 | $7,660 | $-230,930 | $35,857 | $116,130 |
| Free Cash Flow | |||||
| Operating Cash Flow | 36,938 | 46,730 | 70,791 | 77,538 | 7,704 |
| Capital Expenditure | -8,133 | -9,798 | -5,890 | -8,484 | -10,120 |
| Free Cash Flow | 28,805 | 36,932 | 64,901 | 69,054 | -2,416 |