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Community Financial System cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$106M in Q3 2026 · $270M over twelve months

Operating cash flow$110M
Capital spending−$3.9M
Free cash flow+$106M
Cash / net income1.8×

Analysis

In Q3 2026, Community Financial System generated $110M of operating cash flow and spent $3.9M on capital projects, leaving free cash flow of $106M. That is $23.0M more than in Q3 2025 ($83.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $317M; the largest uses were other investing ($427M), dividends ($98.7M), capital spending ($47.8M); besides operations, cash came from acquisitions ($444M), shares issued ($12.5M); the cash balance rose by $179M.

Operating cash flow was $110M against net income of $61.3M — 1.8× profit, cash ran ahead of reported earnings. The largest differences: other operating capital +$26.2M, depreciation & amortization +$10.4M, stock-based pay +$2.8M.

Free cash flow

Community Financial System: free cash flow by quarterCommunity Financial System: free cash flow by quarter$58.5MQ4 2024$52.0MQ1 2025$36.4MQ2 2025$83.4MQ3 2025$61.6MQ4 2025$60.3MQ1 2026$41.4MQ2 2026$106MQ3 2026
Operating cash flow less capital spending.
Community Financial System: operating cash flow against capital spendingCommunity Financial System: operating cash flow against capital spendingOperating cash flowCapital spending$65.7M$7.2MQ4 2024$62.5M$10.6MQ1 2025$53.7M$17.3MQ2 2025$101M$17.7MQ3 2025$84.6M$23.0MQ4 2025$71.6M$11.3MQ1 2026$51.1M$9.7MQ2 2026$110M$3.9MQ3 2026
Latest (Q3 2026): Operating cash flow $110M, Capital spending $3.9M.

Capital allocation, year by year

Community Financial System: where the cash came from (up) and went (down), by fiscal yearCommunity Financial System: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $203MFY2021: Net borrowing $35.9MFY2021: Shares issued $9.8MFY2021: Capital spending −$13.4MFY2021: Acquisitions −$29.3MFY2021: Buybacks −$5.1MFY2021: Dividends −$91.1M$248MFY2021FY2022: Operating cash flow $215MFY2022: Shares issued $1.2MFY2022: Capital spending −$12.9MFY2022: Acquisitions −$668KFY2022: Buybacks −$16.6MFY2022: Dividends −$93.4M$216MFY2022FY2023: Operating cash flow $228MFY2023: Shares issued $1.0MFY2023: Capital spending −$18.6MFY2023: Acquisitions −$8.5MFY2023: Buybacks −$30.0MFY2023: Dividends −$95.1M$229MFY2023FY2024: Operating cash flow $242MFY2024: Net borrowing −$71KFY2024: Shares issued $7.1MFY2024: Capital spending −$20.7MFY2024: Acquisitions −$15.6MFY2024: Buybacks −$45.8MFY2024: Dividends −$95.8M$249MFY2024FY2025: Operating cash flow $302MFY2025: Net borrowing −$352KFY2025: Shares issued $5.3MFY2025: Capital spending −$68.5MFY2025: Acquisitions $470MFY2025: Buybacks −$11.2MFY2025: Dividends −$97.6M$777MFY2025
Over these 5 years operating cash flow totalled $1.2B; the largest uses were dividends ($473M) and capital spending ($134M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$425M
Debt$690M
Net debt$265M

Community Financial System funds itself: free cash flow was $270M over the last twelve months, and $425M of cash and investments stands against $690M of debt.

Where the cash came from and went

Community Financial System: sources (+) and uses (−) of cash, Q3 2026Community Financial System: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)−$166MOperating cash flow$110MOther investing$75.7MOther financing$26.5MDividends−$24.4MBuybacks−$15.8MCapital spending−$3.9MAcquisitions−$3.6MShares issued$1.7M
Community Financial System: sources (+) and uses (−) of cash, TTM to Q3 2026Community Financial System: sources (+) and uses (−) of cash, TTM to Q3 2026Acquisitions$444MOther investing−$427MOperating cash flow$317MCash drawn (+) / kept (−)−$179MDividends−$98.7MCapital spending−$47.8MBuybacks−$31.9MShares issued$12.5MOther financing$10.6M

From profit to cash

Community Financial System: net income to operating cash flow, Q3 2026Community Financial System: net income to operating cash flow, Q3 2026Net income$61.3MDepreciation & amortization$10.4MStock-based pay$2.8MOther operating capital$26.2MOperating cash flow$110M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$110M−$3.9M−$3.6M−$15.8M−$24.4M$1.7M−$166M$106M
Q2 2026$51.1M−$9.7M−$13.7M−$564K−$24.7M$4.0M$314M$41.4M
Q1 2026$71.6M−$11.3M−$12.9M−$15.5M−$24.8M$6.1M−$270M$60.3M
Q4 2025$84.6M−$23.0M$474M−$44K−$24.7M$663K−$56.5M$61.6M
Q3 2025$101M−$17.7M−$4.2M−$11.0M−$24.3M$947K−$8.0M$83.4M
Q2 2025$53.7M−$17.3M−$60K−$42K−$24.2M$1.3M$281M$36.4M
Q1 2025$62.5M−$10.6M−$242K−$48K−$24.3M$2.3M−$321M$52.0M
Q4 2024$65.7M−$7.2M−$4.1M$146K−$24.2M$4.4M$149M$58.5M

Community Financial System: income statement and cash flow

Community Financial System, Q3 2026: revenue $227M (+10% year over year), operating margin 35.5%. The chart follows the revenue to costs, profit and cash.

Community Financial System: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.