ChoiceOne Financial Services (COFS) Cash Flow: Operating & Free Cash Flow

ChoiceOne Financial Services (COFS) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), ChoiceOne Financial Services generated $31.81M of operating cash flow and spent $6.63M on capital expenditures. That left free cash flow of $25.19M, down 46.3% from $46.94M a year earlier, or 13.1% of revenue. It returned $19.95M to shareholders through $16.95M in dividends and $3.01M in share buybacks.

ChoiceOne Financial Services Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for ChoiceOne Financial Services, Inc. (COFS) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	28.18	26.73	21.26	23.64	22.04	15.61	7.17	7.33	6.17
Depreciation & Amortization	19.87	3.45	12.43	13.34	12.43	7.71	3.13	2.08	2.45
Deferred Income Tax	-0.11	-0.27	-0.02	-0.02	0.92	0.20	0.31	0.21	0.06
Stock Based Compensation	0.88	0.72	1.01	0.96	0.81	0.51	0.37	0.34	0.32
Change in Working Capital	-15.22	-0.82	12.99	2.00	0.30	-6.72	0.64	-0.30	-0.37
Change in Other Working Capital	-15.22	-0.82	12.99	2.00	8.00	-6.72	0.64	-0.30	-0.37
Other Operating Activities	-16.03	18.84	-1.18	4.41	8.00	-8.84	-2.41	0.30	-0.54
Net Cash from Operating Activities	31.81	48.65	46.48	44.33	37.70	8.48	9.20	9.96	8.09
Investing Activities
Capital Expenditures	-6.63	-1.71	-4.23	-1.16	-2.76	-1.85	-0.77	-4.21	-1.66
Acquisitions	173.07	0.00	0.00	0.00	0.00	35.64	20.64	0.00	0.00
Purchases of Investments	-88.38	-14.50	-6.43	-65.54	-637.94	-375.67	-209.76	-31.45	-56.12
Sales/Maturities of Investments	123.18	59.77	51.48	106.83	83.94	170.73	226.73	16.17	75.20
Other Investing Activities	5.63	-141.47	-222.18	-129.93	45.38	-79.59	-0.49	-24.37	-35.72
Net Cash from Investing Activities	106.69	-97.91	-181.37	-89.81	-521.37	-250.75	36.35	-43.86	-18.30
Financing Activities
Debt Repayment	-80.21	-25.00	300.00	0.00	-14.33	-23.87	4.97	-15.04	7.97
Common Stock Issued	0.89	32.77	0.23	0.17	0.14	0.13	0.14	0.08	0.10
Common Stock Repurchased	-3.01	0.00	0.00	-0.68	-7.79	0.00	-0.36	-0.52	-0.20
Dividends Paid	-16.95	-9.01	-7.91	-7.58	-7.20	-6.17	-5.82	-2.58	-2.32
Other Financing Activities	-47.99	91.83	4.05	65.62	377.72	292.15	-4.61	34.81	26.80
Net Cash from Financing Activities	-147.26	90.58	296.37	57.54	436.04	262.23	-5.69	16.75	32.24
Summary
Net Change in Cash	-8.76	41.32	161.49	12.06	-47.63	19.96	39.87	-17.15	22.03
Cash at Beginning of Period	96.75	55.43	43.94	31.89	79.52	59.56	19.69	36.84	14.81
Cash at End of Period	87.99	96.75	205.43	43.94	31.89	79.52	59.56	19.69	36.84
Free Cash Flow	25.19	46.94	42.25	43.16	34.94	6.63	8.44	5.75	6.43
Supplemental Disclosures
Interest Paid	-	49.90	27.48	7.58	3.72	-	-	-	-
Income Taxes Paid	-	6.35	4.45	1.99	3.25	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About ChoiceOne Financial Services Cash Flow

What is ChoiceOne Financial Services's free cash flow?

ChoiceOne Financial Services generated free cash flow of $25.19M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $31.81M minus $6.63M of capital expenditures. That was down 46.3% from $46.94M a year earlier. Free cash flow equaled 13.1% of revenue.

How much does ChoiceOne Financial Services spend on capital expenditures?

ChoiceOne Financial Services spent $6.63M on capital expenditures in fiscal 2025, compared with $1.71M a year earlier. That equals 20.8% of operating cash flow.

Does ChoiceOne Financial Services pay dividends or buy back shares?

Yes. In fiscal 2025 ChoiceOne Financial Services returned $16.95M in dividends and $3.01M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition