AROW: Arrow Financial Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Arrow Financial Corp (AROW).
$480.58M Market Cap.
AROW Market Cap. (MRY)
AROW Shares Outstanding (MRY)
AROW Assets (MRY)
Total Assets
$4.31B
Total Liabilities
$3.91B
Total Investments
$3.93B
AROW Income (MRY)
Revenue
$134.63M
Net Income
$29.71M
Operating Expense
$97.27M
AROW Cash Flow (MRY)
CF Operations
$34.47M
CF Investing
-$88.95M
CF Financing
$66.49M
AROW Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $4,306,348,000 (3.27%) | $4,169,868,000 (5.05%) | $3,969,509,000 (-1.45%) | $4,027,952,000 (9.20%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $25,847,000 (12.46%) | $22,983,000 (-1.67%) | $23,373,000 (-1.76%) | $23,791,000 (-0.13%) |
Shareholders Equity | $400,901,000 (5.56%) | $379,772,000 (7.42%) | $353,538,000 (-4.75%) | $371,186,000 (11.00%) |
Property Plant & Equipment Net | $59,717,000 (0.13%) | $59,642,000 (5.58%) | $56,491,000 (22.23%) | $46,217,000 (8.46%) |
Cash & Equivalents | $154,546,000 (8.43%) | $142,536,000 (120.44%) | $64,660,000 (-85.87%) | $457,696,000 (20.13%) |
Accumulated Other Comprehensive Income | -$18,453,000 (44.78%) | -$33,416,000 (32.70%) | -$49,655,000 (-14409.80%) | $347,000 (142.52%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $3,931,723,000 (2.98%) | $3,817,781,000 (2.90%) | $3,710,352,000 (9.01%) | $3,403,669,000 (7.83%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Payables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Accumulated Retained Earnings (Deficit) | $77,215,000 (17.36%) | $65,792,000 (0.60%) | $65,401,000 (20.94%) | $54,078,000 (29.07%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $33,605,000 (-34.83%) | $51,566,000 (-35.48%) | $79,919,000 (13.90%) | $70,169,000 (-19.99%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $3,905,447,000 (3.04%) | $3,790,096,000 (4.82%) | $3,615,971,000 (-1.12%) | $3,656,766,000 (9.02%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
AROW Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $134,626,000 (3.11%) | $130,568,000 (-9.61%) | $144,443,000 (1.40%) | $142,452,000 (16.25%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $75,128,000 (2.37%) | $73,390,000 (14.25%) | $64,236,000 (3.38%) | $62,136,000 (9.71%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $97,268,000 (4.54%) | $93,048,000 (14.13%) | $81,530,000 (4.46%) | $78,048,000 (10.43%) |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $7,649,000 (2.74%) | $7,445,000 (-47.25%) | $14,114,000 (-2.98%) | $14,547,000 (31.81%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $29,709,000 (-1.22%) | $30,075,000 (-38.37%) | $48,799,000 (-2.12%) | $49,857,000 (22.12%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $29,709,000 (-1.22%) | $30,075,000 (-38.37%) | $48,799,000 (-2.12%) | $49,857,000 (22.12%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $29,709,000 (-1.22%) | $30,075,000 (-38.37%) | $48,799,000 (-2.12%) | $49,857,000 (22.12%) |
Weighted Average Shares | $16,739,000 (-1.75%) | $17,037,000 (0.17%) | $17,008,000 (0.08%) | $16,994,000 (0.57%) |
Weighted Average Shares Diluted | $16,745,000 (-1.71%) | $17,037,000 (-0.13%) | $17,059,000 (0.04%) | $17,052,000 (0.81%) |
Earning Before Interest & Taxes (EBIT) | $37,358,000 (-0.43%) | $37,520,000 (-40.36%) | $62,913,000 (-2.32%) | $64,404,000 (24.18%) |
Gross Profit | $134,626,000 (3.11%) | $130,568,000 (-9.61%) | $144,443,000 (1.40%) | $142,452,000 (16.25%) |
Operating Income | $37,358,000 (-0.43%) | $37,520,000 (-40.36%) | $62,913,000 (-2.32%) | $64,404,000 (24.18%) |
AROW Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$88,950,000 (-7.62%) | -$82,650,000 (78.97%) | -$393,062,000 (-43.14%) | -$274,602,000 (-46.60%) |
Net Cash Flow from Financing | $66,491,000 (-52.49%) | $139,946,000 (334.47%) | -$59,687,000 (-121.08%) | $283,101,000 (-37.89%) |
Net Cash Flow from Operations | $34,469,000 (67.49%) | $20,580,000 (-65.54%) | $59,713,000 (-12.45%) | $68,206,000 (61.19%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $12,010,000 (-84.58%) | $77,876,000 (119.81%) | -$393,036,000 (-612.40%) | $76,705,000 (-75.32%) |
Net Cash Flow - Business Acquisitions and Disposals | $32,354,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$119,033,000 (-53.42%) | -$77,584,000 (79.60%) | -$380,287,000 (-41.36%) | -$269,012,000 (-55.80%) |
Capital Expenditure | -$2,271,000 (48.08%) | -$4,374,000 (65.76%) | -$12,775,000 (-128.53%) | -$5,590,000 (-110.63%) |
Issuance (Repayment) of Debt Securities | -$17,961,000 (36.65%) | -$28,353,000 (-390.80%) | $9,750,000 (155.61%) | -$17,534,000 (88.20%) |
Issuance (Purchase) of Equity Shares | -$6,066,000 (-107.74%) | -$2,920,000 (-2185.71%) | $140,000 (-87.93%) | $1,160,000 (-22.20%) |
Payment of Dividends & Other Cash Distributions | -$18,286,000 (-1.68%) | -$17,983,000 (-3.09%) | -$17,444,000 (-7.04%) | -$16,296,000 (-3.53%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $348,000 (-43.51%) | $616,000 (27.01%) | $485,000 (0.41%) | $483,000 (2.33%) |
Depreciation Amortization & Accretion | $5,361,000 (-20.20%) | $6,718,000 (-11.00%) | $7,548,000 (-3.55%) | $7,826,000 (13.97%) |
AROW Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) |
Profit Margin | 22.10% (-3.91%) | 23.00% (-31.95%) | 33.80% (-3.43%) | 35.00% (5.11%) |
EBITDA Margin | 31.70% (-6.49%) | 33.90% (-30.53%) | 48.80% (-3.75%) | 50.70% (5.85%) |
Return on Average Equity (ROAE) | 7.60% (-7.32%) | 8.20% (-40.58%) | 13.80% (-1.43%) | 14.00% (10.24%) |
Return on Average Assets (ROAA) | 0.70% (0.00%) | 0.70% (-41.67%) | 1.20% (-7.69%) | 1.30% (18.18%) |
Return on Sales (ROS) | 27.70% (-3.48%) | 28.70% (-34.17%) | 43.60% (-3.54%) | 45.20% (6.86%) |
Return on Invested Capital (ROIC) | 0.90% (0.00%) | 0.90% (-43.75%) | 1.60% (-11.11%) | 1.80% (20.00%) |
Dividend Yield | 3.80% (0.00%) | 3.80% (22.58%) | 3.10% (6.90%) | 2.90% (-14.71%) |
Price to Earnings Ratio (P/E) | 16.22 (2.76%) | 15.79 (37.17%) | 11.51 (1.54%) | 11.33 (0.08%) |
Price to Sales Ratio (P/S) | 3.57 (-2.08%) | 3.65 (-5.91%) | 3.88 (-2.20%) | 3.96 (4.95%) |
Price to Book Ratio (P/B) | 1.2 (-4.46%) | 1.25 (-20.82%) | 1.58 (4.21%) | 1.52 (9.74%) |
Debt to Equity Ratio (D/E) | 9.74 (-2.38%) | 9.98 (-2.42%) | 10.23 (3.82%) | 9.85 (-1.78%) |
Earnings Per Share (EPS) | 1.77 (0.00%) | 1.77 (-38.11%) | 2.86 (-2.39%) | 2.93 (21.22%) |
Sales Per Share (SPS) | 8.04 (4.95%) | 7.66 (-9.76%) | 8.49 (1.32%) | 8.38 (15.58%) |
Free Cash Flow Per Share (FCFPS) | 1.92 (102.31%) | 0.95 (-65.54%) | 2.76 (-25.10%) | 3.69 (57.01%) |
Book Value Per Share (BVPS) | 23.95 (7.44%) | 22.29 (7.24%) | 20.79 (-4.83%) | 21.84 (10.37%) |
Tangible Assets Book Value Per Share (TABVPS) | 255.72 (5.06%) | 243.41 (4.91%) | 232.02 (-1.53%) | 235.62 (8.64%) |
Enterprise Value Over EBIT (EV/EBIT) | 7 (-30.00%) | 10 (150.00%) | 4 (300.00%) | 1 (-66.67%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 6.3 (-26.88%) | 8.62 (156.12%) | 3.36 (527.61%) | 0.54 (-80.55%) |
Asset Turnover | 0.03 (0.00%) | 0.03 (-11.43%) | 0.04 (-2.78%) | 0.04 (5.88%) |
Current Ratio | - | - | - | - |
Dividends | $1.09 (3.22%) | $1.06 (2.92%) | $1.03 (6.99%) | $0.96 (3.01%) |
Free Cash Flow (FCF) | $32,198,000 (98.68%) | $16,206,000 (-65.47%) | $46,938,000 (-25.04%) | $62,616,000 (57.88%) |
Enterprise Value (EV) | $269,110,116 (-29.40%) | $381,165,132 (60.81%) | $237,023,540 (511.74%) | $38,745,770 (-76.06%) |
Earnings Before Tax (EBT) | $37,358,000 (-0.43%) | $37,520,000 (-40.36%) | $62,913,000 (-2.32%) | $64,404,000 (24.18%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $42,719,000 (-3.43%) | $44,238,000 (-37.22%) | $70,461,000 (-2.45%) | $72,230,000 (22.99%) |
Invested Capital | $4,159,560,000 (2.56%) | $4,055,915,000 (2.39%) | $3,961,395,000 (9.53%) | $3,616,634,000 (7.27%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $4,280,501,000 (3.22%) | $4,146,885,000 (5.09%) | $3,946,136,000 (-1.45%) | $4,004,161,000 (9.26%) |
Market Capitalization | $480,576,116 (0.85%) | $476,524,132 (-14.96%) | $560,321,540 (-0.74%) | $564,504,770 (21.83%) |
Average Equity | $388,804,000 (6.19%) | $366,150,000 (3.66%) | $353,207,250 (-0.98%) | $356,700,750 (10.85%) |
Average Assets | $4,323,956,750 (3.81%) | $4,165,265,500 (1.90%) | $4,087,473,500 (2.84%) | $3,974,739,500 (11.14%) |
Invested Capital Average | $4,161,582,750 (1.69%) | $4,092,487,500 (6.69%) | $3,835,799,750 (8.74%) | $3,527,493,750 (4.68%) |
Shares | 16,738,980 (-1.85%) | 17,055,266 (0.18%) | 17,024,519 (0.15%) | 16,999,237 (0.42%) |
