Arrow Financial Corp cash flow statement

In fiscal 2023, Arrow Financial Corp's operations generated $20.6m of cash; it spent $7.1m on capital projects, leaving free cash flow of $13.5m. It returned $18.0m in dividends and $3.6m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Arrow Financial Corp: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	LTMJun 2024
Cash from operations	19	10	36	32	37	31	29	35	38	42	44	42	68	60	21	14
Depreciation and amortisation	3	4	7	9	9	7	6	6	5	5	6	7	8	8	7	6
Stock-based pay	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0
Capital spending	3	1	5	8	2	1	2	1	3	5	8	5	7	14	7	5
Free cash flow	17	9	31	24	34	29	27	33	35	37	36	37	61	45	13	10
Free cash flow after stock pay	17	9	30	24	34	29	27	33	35	37	36	37	61	45	13	9
Dividends paid	—	—	—	—	12	12	13	13	14	14	15	16	16	17	18	18
Share buybacks	—	—	—	5	2	2	1	2	3	2	2	2	3	3	4	9

US$ millions unless shown otherwise. Fiscal quarters.

Arrow Financial Corp: cash flow statement, quarterly
Quarter	2022 Q3Sept 2022	2022 Q4Dec 2022	2023 Q1Mar 2023	2023 Q2Jun 2023	2023 Q3Sept 2023	2023 Q4Dec 2023	2024 Q1Mar 2024	2024 Q2Jun 2024
Cash from operations	18	12	13	12	11	−16	10	9
Depreciation and amortisation	2	2	2	2	2	2	1	1
Stock-based pay	0	0	0	0	0	0	0	0
Capital spending	5	3	3	2	1	1	1	2
Free cash flow	13	8	11	10	10	−17	9	8
Free cash flow after stock pay	13	8	10	10	10	−17	9	8

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

More: Regional Banks stocks compared, Financials sector, rankings of US companies

Figures from Arrow Financial Corp's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Arrow Financial Corp.