Mackinac Financial (MFNC)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 06-2021 | 03-2021 | 12-2020 | 09-2020 | 06-2020 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 6,825 | 3,880 | 13,473 | 9,829 | 6,505 |
| Depreciation Amortization | 1,311 | 812 | 2,897 | 2,151 | 1,407 |
| Income taxes - deferred | 1,330 | 179 | 629 | -65 | 866 |
| Other Working Capital | 2,261 | -616 | 1,489 | 1,366 | 282 |
| Other Operating Activity | 774 | 529 | -146 | 3,525 | -8 |
| Operating Cash Flow | $12,501 | $4,784 | $18,342 | $16,806 | $9,052 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | 514 | 332 | -3,901 | -3,404 | -3,012 |
| Purchase Of Investment | -4,338 | -4,338 | -40,180 | -26,783 | -19,224 |
| Sale Of Investment | 14,171 | 6,279 | 37,391 | 29,054 | 19,733 |
| Net Loans | 98,776 | 13,962 | -16,508 | -87,443 | -94,217 |
| Other Investing Activity | 490 | 490 | 7,378 | 4,928 | 2,464 |
| Investing Cash Flow | $109,613 | $16,725 | $-15,820 | $-83,648 | $-94,256 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | N/A | N/A | 94,056 | 94,056 | 94,056 |
| Debt Repayment | -35,038 | -10,020 | -101,353 | -101,327 | -50,366 |
| Common Stock Repurchased | N/A | N/A | -3,278 | -2,729 | -2,729 |
| Dividend Paid | -2,954 | -1,477 | -5,895 | -4,425 | -2,950 |
| Financing Cash Flow | $10,386 | $3,006 | $166,629 | $190,785 | $189,886 |
| Beginning Cash Position | 218,977 | 218,977 | 49,826 | 49,826 | 49,826 |
| End Cash Position | 351,477 | 243,492 | 218,977 | 173,769 | 154,508 |
| Net Cash Flow | $132,500 | $24,515 | $169,151 | $123,943 | $104,682 |
| Free Cash Flow | |||||
| Operating Cash Flow | 12,501 | 4,784 | 18,342 | 16,806 | 9,052 |
| Capital Expenditure | -463 | -233 | -5,063 | -4,528 | -3,344 |
| Free Cash Flow | 12,038 | 4,551 | 13,279 | 12,278 | 5,708 |