The First Bancorp (FNLC) Cash Flow: Operating & Free Cash Flow

The First Bancorp (FNLC) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), The First Bancorp generated $37.81M of operating cash flow and spent $3.22M on capital expenditures. That left free cash flow of $34.59M, up 40.8% from $24.57M a year earlier, or 36.5% of revenue. It returned $16.63M to shareholders through $16.35M in dividends and $282.00K in share buybacks.

The First Bancorp 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 The First Bancorp, Inc. (FNLC) - 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	34.39	27.05	29.52	38.99	36.27	27.13	25.53	23.54	19.59
Depreciation & Amortization	2.21	2.21	2.11	1.98	2.04	2.22	1.94	1.79	1.86
Deferred Income Tax	1.33	1.05	-1.06	0.18	1.00	-0.26	0.34	-0.49	2.08
Stock Based Compensation	0.97	0.90	0.82	0.81	0.86	0.65	0.57	0.38	0.39
Change in Working Capital	-3.49	-6.34	3.94	-4.02	9.27	-8.39	-4.89	4.99	-6.84
Change in Accounts Receivable	0.00	0.00	0.00	0.00	0.00	0.00	-7.69	1.15	-4.82
Change in Other Working Capital	-2.54	-0.92	0.35	17.42	9.27	-8.39	2.80	3.85	-2.02
Other Operating Activities	1.69	1.57	0.35	0.73	7.26	1.35	2.58	3.62	5.18
Net Cash from Operating Activities	37.81	26.05	36.92	41.21	56.69	22.70	26.05	33.84	22.27
Investing Activities
Capital Expenditures	-3.22	-1.48	-2.64	-1.40	-3.76	-2.54	-1.57	-1.48	-2.53
Acquisitions	0.00	0.00	0.00	0.00	0.00	-6.06	0.00	0.00	0.00
Purchases of Investments	-15.36	-29.47	-88.58	-102.96	-226.28	-363.58	-170.11	-90.05	-221.74
Sales/Maturities of Investments	53.17	48.11	105.67	59.85	203.88	326.99	111.25	66.31	187.37
Other Investing Activities	0.21	-234.58	0.11	0.05	-175.59	-204.88	-55.84	-86.85	-93.11
Net Cash from Investing Activities	-3.00	-217.42	-199.81	-247.58	-201.75	-250.07	-116.28	-112.08	-130.06
Financing Activities
Debt Repayment	41.54	-18.37	-0.08	-55.01	-125.70	77.08	-25.36	-18.44	-50.14
Common Stock Issued	0.92	0.87	0.82	0.80	0.69	0.67	0.65	0.62	0.63
Common Stock Repurchased	-0.28	-0.21	-0.25	-0.28	-0.25	-0.16	-0.18	-0.17	-0.15
Dividends Paid	-16.35	-15.80	-15.42	-14.78	-13.95	-13.33	-12.96	-12.05	-11.46
Other Financing Activities	-60.50	125.59	220.79	255.58	278.69	174.88	123.38	108.21	170.75
Net Cash from Financing Activities	-34.67	187.07	172.10	208.46	139.48	239.15	85.53	78.16	109.63
Summary
Net Change in Cash	0.14	-4.31	9.21	2.09	-5.58	11.78	-4.70	-0.07	1.84
Cash at Beginning of Period	27.64	31.94	22.73	20.63	26.21	14.43	19.13	19.21	17.37
Cash at End of Period	27.78	27.64	31.94	22.73	20.63	26.21	14.43	19.13	19.21
Free Cash Flow	34.59	24.57	34.28	39.81	52.94	20.16	24.48	32.36	19.74
Supplemental Disclosures
Interest Paid	-	84.44	62.23	16.07	11.14	-	-	-	-
Income Taxes Paid	-	4.53	5.62	8.01	6.55	-	-	-	-

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

Frequently Asked Questions About The First Bancorp Cash Flow

What is The First Bancorp's free cash flow?

The First Bancorp generated free cash flow of $34.59M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $37.81M minus $3.22M of capital expenditures. That was up 40.8% from $24.57M a year earlier. Free cash flow equaled 36.5% of revenue.

How much does The First Bancorp spend on capital expenditures?

The First Bancorp spent $3.22M on capital expenditures in fiscal 2025, compared with $1.48M a year earlier. That equals 8.5% of operating cash flow.

Does The First Bancorp pay dividends or buy back shares?

Yes. In fiscal 2025 The First Bancorp returned $16.35M in dividends and $282.00K 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