| Cash Flow for First Merchants Corp. (FRME) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 31,639 | 30,198 | 30,239 | 29,411 | 27,571 | | Provision for Loan Loss | 8,507 | 6,258 | 8,354 | 5,705 | 9,477 | | Depreciation & Amortization | 4,331 | 5,382 | 5,070 | 5,064 | 4,769 | | Deferred Income Taxes | - | - | - | - | - | | Change in Assets (Receivables) | 2,621 | (5,158) | (2,372) | (478) | 1,368 | | Change in Liabilities (Payables) | (1,001) | 3,452 | 1,463 | (269) | (1,695) | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | - | - | - | - | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 3,517 | (3,855) | 3,740 | 518 | 24,179 | | Net Cash from Operating Activities | 49,614 | 36,277 | 46,494 | 39,951 | 65,669 | | | | Proceeds from Sale/Mat. Inv. | 95,706 | 71,879 | 73,954 | 148,630 | 232,248 | | Purchase of Investment Securities | (78,002) | (100,355) | (97,861) | (214,393) | (260,467) | | Net Increase Fed. Funds Sold | (1,559) | (491) | (342) | - | - | | Purchase of Property & Equipment | - | - | - | - | - | | Acquisitions | (370) | (59) | (213) | (201) | (7,793) | | Other Investment Changes, Net | (213,351) | (268,974) | (40,728) | (97,862) | (67,753) | | Net Cash from Investing Activities | (197,576) | (298,000) | (65,190) | (163,826) | (103,765) | | | Net Change in Deposits | 93,583 | 367,963 | (25,574) | 46,049 | 53,876 | | Cash Dividends paid | (16,854) | (16,951) | (16,981) | (17,048) | (16,557) | | Repayment of Long Term Debt | (331,016) | (249,927) | (123,657) | (124,763) | (11,452) | | Change in Short Term Debt | - | - | - | - | - | | Issuance of Long term Debt | 457,157 | 182,454 | 191,002 | 181,211 | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 2,453 | 3,275 | 4,021 | 3,585 | 3,234 | | Purchase of Treasury Stock | (12,751) | (5,690) | (9,658) | (4,726) | (488) | | Other Financing Activities | 116 | 139 | - | - | (28) | | Cash from Financing Activities | 192,688 | 281,263 | 19,153 | 84,308 | 28,585 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 44,726 | 19,540 | 457 | (39,567) | (9,511) | | | Cash at Beginning of Period | 89,957 | 70,417 | 69,960 | 109,527 | 119,038 | | Cash at End of Period | 134,683 | 89,957 | 70,417 | 69,960 | 109,527 | | | |
