Park National (PRK) Cash Flow: Operating & Free Cash Flow

Park National (PRK) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Park National generated $198.32M of operating cash flow and spent $6.37M on capital expenditures. That left free cash flow of $191.95M, up 13.1% from $169.66M a year earlier, or 34.4% of revenue. It returned $113.00M to shareholders through $89.92M in dividends and $23.08M in share buybacks.

Park National 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 Park National Corporation (PRK) - 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	180.07	151.42	126.73	148.35	153.95	127.92	102.70	110.39	84.24
Depreciation & Amortization	11.19	12.19	14.02	13.82	13.27	10.81	9.12	8.59	8.64
Deferred Income Tax	-1.54	-0.41	-0.70	0.61	-3.13	-4.53	-0.84	0.54	3.29
Stock Based Compensation	8.61	7.67	8.01	7.20	8.02	7.27	6.32	5.06	3.94
Change in Working Capital	-3.15	11.45	-3.60	-18.70	2.05	-5.98	3.39	13.00	-17.19
Change in Other Working Capital	-3.15	11.45	3.05	-18.70	2.05	-5.98	3.39	13.74	-17.19
Other Operating Activities	-14.41	-3.48	3.05	-16.42	-48.33	-23.86	-9.06	-4.62	5.06
Net Cash from Operating Activities	198.32	178.85	151.14	134.86	157.33	111.65	111.63	132.95	87.99
Investing Activities
Capital Expenditures	-6.37	-9.18	-7.59	-7.94	-14.09	-28.63	-14.89	-11.53	-7.02
Acquisitions	0.00	0.00	0.00	0.00	315.91	-615.80	-4.83	12.27	-119.34
Purchases of Investments	-110.52	-24.97	-15.54	-336.80	-964.71	-364.46	-6.14	-383.10	-150.20
Sales/Maturities of Investments	432.95	343.74	431.65	186.45	235.73	538.01	294.00	452.77	210.63
Other Investing Activities	-13.50	-328.73	-17.36	-245.42	-4.46	14.98	-208.07	-26.12	3.96
Net Cash from Investing Activities	86.16	-19.15	63.52	-403.70	-412.14	-455.90	60.08	44.29	-61.97
Financing Activities
Debt Repayment	-190.00	-237.75	100.84	-11.44	-32.50	113.66	-228.18	-269.52	-233.51
Common Stock Repurchased	-23.08	0.00	-23.02	-2.76	-18.45	-7.51	-40.54	-5.78	-7.38
Dividends Paid	-89.92	-77.50	-68.95	-76.60	-74.31	-70.35	-69.11	-63.01	-57.49
Other Financing Activities	-2.95	97.84	-2.84	330.19	329.81	518.97	158.87	159.18	295.02
Net Cash from Financing Activities	-211.53	-217.40	-186.12	239.39	103.52	554.77	-178.96	-179.14	-3.35
Summary
Net Change in Cash	72.95	-57.70	28.54	-29.45	-151.29	210.52	-7.26	-1.90	22.67
Cash at Beginning of Period	160.57	218.27	189.73	219.18	370.47	159.96	167.21	169.11	146.45
Cash at End of Period	233.51	160.57	218.27	189.73	219.18	370.47	159.96	167.21	169.11
Free Cash Flow	191.95	169.67	143.55	126.93	143.24	83.01	96.74	121.42	80.97
Supplemental Disclosures
Interest Paid	-	123.95	95.18	30.82	16.70	-	-	-	-
Income Taxes Paid	-	23.26	17.20	24.67	25.51	-	-	-	-

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

Frequently Asked Questions About Park National Cash Flow

What is Park National's free cash flow?

Park National generated free cash flow of $191.95M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $198.32M minus $6.37M of capital expenditures. That was up 13.1% from $169.66M a year earlier. Free cash flow equaled 34.4% of revenue.

How much does Park National spend on capital expenditures?

Park National spent $6.37M on capital expenditures in fiscal 2025, compared with $9.18M a year earlier. That equals 3.2% of operating cash flow.

Does Park National pay dividends or buy back shares?

Yes. In fiscal 2025 Park National returned $89.92M in dividends and $23.08M 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