FARMERS & MERCHANTS BANCORP INC (FMAO) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Net income	32.5	23.5	20.1	18.4	14.9	12.7	11.7	10.3
Depreciation and amortization [+]				3.0	1.9	1.8	1.8	1.7
Depreciation				2.3	1.7	1.6	1.5	1.4
Amortization of intangible assets				0.7	0.2	0.2	0.3	0.3
Stock-based compensation				1.1	0.7	0.5	0.4	0.3
Deferred taxes				0.3	0.5	0.0	0.1
Other operating activities	8.2	11.2	7.3	1.1	-7.3	2.6	-1.5	2.5
Cash from operations	40.7	34.7	27.4	23.9	10.7	17.6	12.4	14.8

Capital expenditures [+]	2.6	2.0	3.2	-3.5	-2.6	-1.9	-2.4	-1.7
Purchases of property and equipment	2.6	2.0	3.2	-3.5	-2.6	-1.9	-2.4	-1.7
Sales of property and equipment	0.4	0.5	0.2	0.6	0.1	0.1	0.0	0.1
Sales of short-term investments, net [+]	31.1	65.6	102.8	78.2	39.8	36.6	12.7	12.2
Purchases of short-term investments							-114.8	-60.9
Sales of short-term investments	31.1	65.6	102.8	78.2	39.8	36.6	127.5	73.1
Other cash from investing	-424.0	-333.7	-284.0	-224.5	-35.8	-83.0	-74.6	-64.5
Cash from investing	-389.9	-265.7	-177.7	-149.3	1.5	-48.2	-64.2	-54.0

Cash dividends paid	10.3	7.7	7.2	-6.3	-5.0	-4.4	-4.1	-3.9
Repurchase of common stock, net	0.3	0.3	0.4	-0.4	-0.5	-0.2	-0.2	-0.8
Other cash from financing	242.2	228.1	267.2	145.0	-2.9	41.3	62.4	41.6
Cash from financing	252.8	236.1	274.8	138.3	-8.3	36.7	58.1	36.9

Free cash flow	43.3	36.7	30.6	20.4	8.1	15.8	10.0	13.1
Per share (diluted)	$3.31	$3.17	$2.77	$1.85	$0.88	$1.72	$1.10	$1.43

Cash paid for interest	13.7	7.0	10.1	13.5	6.5	5.1	4.2	3.6