Financial Statements

Macatawa Bank Corporation (MCBC)


+0.11 (+1.14%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands , Years are calendar years not fiscal years

Retained Earning Schedule

Year 2023 2022 2021 2020 2019
Retained Earnings (Previous Year) 593517-2-
Net Income 4335293032
Stock Dividends -1----25
Dividend Paid -11-11-11-11-10
Retained Earnings 90593517-2

PPE Schedule

Year 2023 2022 2021 2020 2019
Gross PPE 40424343-
Annual Depreciation -0-1-0244
Capital Expenditure -0-1-1-2-1
Net PPE 3940424343

Intangible and Goodwill Schedule

Year 2023 2022 2021 2020 2019
Intangible and Goodwill (Previous Year) -----
New Purchases -79-168-347-452-39
Intangible and Goodwill -----

Macatawa Bank Corporation income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Macatawa Bank Corporation FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.