ORRSTOWN FINANCIAL SERVICES INC (ORRF) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-05-18	Dec-31-17	Dec-05-17
	10-K	10-K	10-K	10-K	10-K	8-K	10-K	8-K
Net income	22.0	32.9	26.5	16.9	12.8	12.8	8.1	8.1
Depreciation and amortization [+]	4.6	5.3	6.6	5.5	3.6		3.3
Depreciation	3.5	4.0	5.0	4.0	3.4	0.3	3.2	0.1
Amortization	1.1	1.3	1.6	1.6	0.3		0.1
Asset impairment charges	1.3		0.7
Stock-based compensation	2.2	1.9	2.1	1.6	1.5		1.4
Deferred taxes	-0.6	0.9	-2.0	1.8	0.5		3.1
Change in working capital	4.7	1.9	-1.9	-4.0	1.8		-0.4
Other	4.7	1.9	-1.9	-4.0	1.8		-0.4
Other operating activities	2.0	-2.1	-1.7	-12.7	2.2		0.9
Cash from operations	36.2	40.8	30.2	9.1	22.5		16.4

Capital expenditures	-0.9	-1.3	-1.3	-2.9	-4.8		-2.7
Purchases of property and equipment	-0.9	-1.3	-1.3	-2.9	-4.8		-2.7
Purchases of short-term investments, net	-100.1	-6.9	29.5	42.2	-51.3		-12.6
Purchases of short-term investments	-181.5	-195.0	-26.7	-190.5	-226.0		-203.7
Sales of short-term investments	81.4	188.1	56.2	232.7	174.7		191.1
Other cash from investing	-170.0	6.2	-320.8	-20.8	-83.3		-130.6
Cash from investing	-271.0	-2.0	-292.6	18.5	-139.4		-145.9

Cash dividends paid	-8.3	-8.3	-7.6	-6.2	-4.4		-3.5
Repurchase of common stock, net	-14.2	-1.9	-1.2
Financing costs				-0.1
Other cash from financing	109.3	54.8	340.5	-54.3	180.3		132.6
Cash from financing	86.9	44.7	331.7	-60.4	175.9		129.1

Free cash flow	35.3	39.6	28.9	6.2	17.7		13.7
Per share (diluted)	$3.30	$3.56	$2.62	$0.59	$2.07		$1.67

Cash paid for interest	8.7	6.8	16.7	24.3	12.9		7.6