Dashboard Tools Market News Investing Ideas Pricing About Us
Sign Up
Log in
Arrow Financial Corp banner

Arrow Financial Corp
NASDAQ:AROW

Watchlist Manager
Arrow Financial Corp Logo
Arrow Financial Corp
NASDAQ:AROW
Watchlist
Price: 34.995 USD 0.71% Market Closed
Market Cap: $575.7m
Write Note Create Alert Ask AI
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-32%
5Y
+6%
10Y
+41%
Investing Cash Flow
+
3Y
+71%
5Y
+56%
10Y
+38%
Financing Cash Flow
+
3Y
-4%
5Y
-76%
10Y
-22%

Cash Flow Statement
Arrow Financial Corp

Rotate your device to view
Cash Flow Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
16
17
18
18
19
19
19
19
19
19
19
19
19
19
19
19
19
18
18
17
17
17
17
17
17
18
19
20
20
22
22
22
22
21
21
22
22
22
22
22
22
22
22
22
22
22
22
22
22
22
22
23
23
24
25
24
25
25
26
27
27
27
27
28
29
31
34
36
36
36
36
37
37
37
37
38
41
46
50
52
50
49
48
47
49
45
39
34
30
29
32
33
30
28
31
34
Depreciation & Amortization
3
3
3
3
3
4
4
5
5
4
4
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
4
4
5
6
7
7
8
8
9
9
9
9
9
8
8
8
7
7
6
6
6
6
6
6
6
6
6
6
5
5
5
5
5
5
5
5
6
6
6
6
7
7
7
8
8
8
8
8
8
7
7
7
7
6
6
6
5
5
5
5
Change in Deffered Taxes
(0)
(1)
(1)
0
1
1
1
(2)
2
2
2
4
1
1
0
1
0
0
1
1
0
0
(0)
1
1
2
2
0
2
2
1
3
1
0
(0)
(1)
0
0
1
1
2
2
1
1
(0)
0
(0)
0
0
(0)
0
(0)
(0)
0
0
1
1
1
0
(1)
(0)
(0)
0
0
(2)
(2)
(2)
(2)
(0)
(0)
(0)
(0)
0
(0)
(1)
(1)
(2)
(1)
(1)
(0)
1
0
1
0
(1)
0
(1)
(1)
2
1
2
2
(1)
(1)
(1)
(0)
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
1
1
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Other Non-Cash Items
1
1
1
1
0
0
0
(0)
0
1
1
1
1
0
1
1
0
0
(2)
(2)
(2)
(2)
(0)
(2)
(2)
(4)
(4)
(1)
(5)
(5)
(5)
(6)
(1)
1
1
1
(1)
(1)
(2)
(2)
(4)
(4)
(3)
(3)
1
1
1
1
1
0
0
0
0
0
0
0
(3)
(3)
(3)
(3)
1
1
1
1
0
1
1
1
0
0
1
1
1
1
1
0
(0)
0
0
0
1
0
1
1
0
0
0
0
(2)
(2)
(2)
(3)
0
0
1
1
Cash Taxes Paid
4
8
6
7
13
9
9
8
1
5
5
6
10
8
8
7
6
7
7
7
3
6
6
6
6
6
6
6
6
7
7
10
10
9
14
13
15
10
9
8
8
8
7
8
9
9
10
9
8
8
9
9
10
10
10
11
9
9
11
11
12
12
11
11
11
12
11
11
10
10
10
10
10
10
10
11
11
11
13
14
15
15
14
13
13
14
10
10
7
7
7
6
9
8
10
10
Cash Interest Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6
8
10
11
6
6
5
5
5
5
5
5
5
5
6
6
7
7
7
8
10
12
15
18
20
21
21
20
17
14
10
8
7
5
5
5
7
6
12
22
32
52
63
70
81
84
85
85
81
Change in Working Capital
5
1
3
1
(4)
(2)
(0)
(1)
(0)
(4)
(7)
(1)
(2)
(0)
3
1
2
1
2
2
5
3
4
1
2
1
(2)
2
5
7
8
3
(5)
(5)
(8)
(7)
(14)
(1)
(0)
(0)
10
1
0
2
1
1
3
1
5
4
1
1
0
0
(1)
(3)
(0)
1
1
5
1
1
4
2
4
5
3
6
1
(1)
1
(1)
(1)
3
(5)
(4)
(3)
(3)
10
10
9
7
2
5
4
4
9
7
(16)
(16)
(23)
(25)
0
2
(1)
1
Cash from Operating Activities
23
N/A
21
-11%
24
+15%
23
-3%
19
-17%
22
+18%
24
+8%
21
-13%
26
+24%
22
-15%
18
-17%
26
+44%
22
-18%
23
+4%
25
+13%
24
-7%
24
+1%
23
-2%
22
-7%
21
-2%
23
+9%
21
-9%
24
+15%
20
-17%
21
+5%
20
-5%
18
-9%
25
+35%
26
+4%
28
+10%
29
+1%
24
-17%
19
-19%
20
+5%
17
-15%
19
+9%
10
-46%
24
+138%
25
+4%
26
+3%
36
+38%
27
-25%
28
+4%
30
+8%
32
+7%
34
+3%
34
+2%
33
-5%
37
+12%
35
-6%
32
-7%
32
0%
31
-4%
32
+3%
30
-4%
29
-4%
29
-1%
31
+7%
30
-2%
34
+13%
35
+2%
34
-1%
38
+12%
36
-6%
38
+5%
40
+6%
40
+0%
45
+12%
42
-7%
40
-4%
42
+4%
41
-2%
44
+7%
46
+5%
39
-16%
39
+0%
42
+9%
49
+17%
67
+35%
70
+6%
68
-3%
65
-5%
59
-9%
61
+3%
60
-2%
56
-6%
55
-3%
48
-12%
21
-57%
18
-14%
14
-19%
13
-12%
34
+175%
34
-1%
35
+4%
41
+16%
Investing Cash Flow
Capital Expenditures
(2)
(2)
(2)
(2)
(2)
(1)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(1)
(1)
(2)
(2)
(2)
(2)
(1)
(2)
(2)
(2)
(2)
(2)
(2)
(3)
(2)
(3)
(2)
(2)
(3)
(2)
(3)
(2)
(1)
(2)
(2)
(3)
(5)
(6)
(7)
(8)
(8)
(8)
(6)
(5)
(2)
(1)
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(2)
(1)
(1)
(1)
(1)
(2)
(2)
(3)
(3)
(3)
(4)
(5)
(7)
(8)
(9)
(8)
(7)
(5)
(5)
(5)
(5)
(5)
(5)
(7)
(9)
(11)
(14)
(14)
(14)
(13)
(10)
(7)
(6)
(5)
(5)
(6)
(6)
(6)
(6)
Other Items
(55)
(75)
(87)
(113)
(129)
(146)
(140)
(121)
(106)
(40)
(70)
(29)
(1)
(77)
(9)
(43)
(86)
(34)
(62)
(27)
6
1
(31)
(62)
(53)
(72)
(79)
(103)
(80)
(68)
(77)
(85)
(160)
(154)
(129)
(108)
(93)
(126)
(35)
30
(39)
23
(64)
(92)
(58)
(99)
(143)
(192)
(147)
(172)
(59)
(59)
(66)
(85)
(192)
(207)
(228)
(199)
(190)
(135)
(156)
(178)
(189)
(193)
(146)
(145)
(138)
(208)
(223)
(187)
(140)
(137)
(184)
(209)
(327)
(285)
(182)
(304)
(143)
(167)
(267)
(238)
(375)
(421)
(379)
(259)
(172)
(121)
(76)
(109)
(81)
4
(83)
(40)
(40)
(123)
Cash from Investing Activities
(57)
N/A
(77)
-36%
(88)
-15%
(115)
-30%
(131)
-14%
(147)
-12%
(142)
+4%
(123)
+13%
(108)
+12%
(41)
+62%
(71)
-73%
(31)
+56%
(3)
+91%
(79)
-2 714%
(10)
+88%
(44)
-355%
(88)
-100%
(35)
+60%
(64)
-81%
(29)
+55%
5
N/A
(1)
N/A
(32)
-3 270%
(64)
-97%
(55)
+13%
(74)
-34%
(81)
-9%
(106)
-31%
(83)
+22%
(70)
+15%
(79)
-13%
(87)
-10%
(162)
-86%
(156)
+4%
(131)
+16%
(110)
+16%
(94)
+15%
(128)
-36%
(37)
+71%
27
N/A
(45)
N/A
18
N/A
(71)
N/A
(100)
-40%
(66)
+34%
(107)
-63%
(149)
-39%
(197)
-32%
(149)
+24%
(173)
-16%
(60)
+65%
(61)
0%
(68)
-12%
(87)
-28%
(194)
-124%
(208)
-7%
(230)
-10%
(201)
+12%
(191)
+5%
(136)
+29%
(158)
-16%
(179)
-13%
(191)
-7%
(194)
-2%
(149)
+23%
(148)
+1%
(141)
+4%
(211)
-49%
(228)
-8%
(193)
+15%
(148)
+23%
(147)
+1%
(192)
-31%
(216)
-12%
(332)
-54%
(290)
+13%
(187)
+35%
(309)
-65%
(148)
+52%
(172)
-16%
(275)
-60%
(247)
+10%
(386)
-56%
(436)
-13%
(393)
+10%
(273)
+31%
(185)
+32%
(130)
+30%
(83)
+37%
(115)
-39%
(86)
+25%
(1)
+99%
(89)
-13 439%
(46)
+48%
(46)
+1%
(128)
-180%
Financing Cash Flow
Net Issuance of Common Stock
(1)
(2)
(3)
(3)
(4)
(4)
(3)
6
5
6
6
(3)
5
3
1
(0)
(6)
(5)
(6)
(3)
(4)
(5)
(5)
(7)
(7)
(4)
(5)
(3)
(3)
(2)
0
1
(0)
(0)
(1)
(2)
(1)
(1)
(2)
(1)
(2)
(3)
(2)
(1)
(0)
(1)
0
1
1
1
1
(0)
(1)
0
(0)
0
1
1
2
2
3
2
2
0
0
1
2
2
2
2
1
2
2
1
1
1
1
3
3
1
1
(1)
(1)
0
0
1
1
1
(3)
(9)
(9)
(9)
(6)
(4)
(8)
(10)
Net Issuance of Debt
(33)
4
7
12
11
1
7
0
(43)
5
0
0
(77)
33
3
10
(156)
(33)
(1)
(4)
(87)
8
(1)
(7)
0
13
7
22
6
(5)
12
(9)
(6)
10
(6)
7
(41)
(5)
0
(20)
(85)
(43)
(46)
(32)
(37)
(4)
39
(2)
23
2
(14)
4
(4)
2
(17)
5
45
29
119
14
13
69
(21)
105
29
43
19
1
(10)
(17)
(9)
10
(4)
(1)
(4)
1
(34)
(51)
(45)
(72)
(18)
(7)
(3)
(2)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
Cash Paid for Dividends
(7)
(7)
(7)
(7)
(8)
(8)
(8)
(8)
(8)
(8)
(9)
(9)
(9)
(9)
(9)
(9)
(10)
(10)
(10)
(10)
(10)
(10)
(10)
(10)
(10)
(10)
(10)
(10)
(10)
(10)
(11)
(11)
(11)
(11)
(11)
(11)
(11)
(11)
(11)
(11)
(11)
(12)
(12)
(12)
(12)
(12)
(12)
(12)
(12)
(12)
(12)
(12)
(12)
(12)
(13)
(13)
(13)
(13)
(13)
(13)
(13)
(13)
(13)
(13)
(14)
(14)
(14)
(14)
(14)
(15)
(15)
(15)
(15)
(15)
(15)
(16)
(16)
(16)
(16)
(16)
(16)
(17)
(17)
(17)
(17)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(19)
(19)
Other
89
12
78
97
103
149
106
108
129
56
54
(8)
66
(19)
(7)
19
234
58
64
38
81
25
21
60
58
62
74
65
71
83
64
161
169
126
117
104
101
108
42
(7)
120
73
103
112
87
90
75
114
101
87
61
30
51
101
186
192
173
101
71
131
127
92
188
45
111
113
89
189
219
143
131
109
151
261
502
622
504
638
364
336
316
242
88
170
(42)
(51)
103
21
161
203
125
61
91
53
106
173
Cash from Financing Activities
49
N/A
7
-86%
75
+989%
99
+31%
102
+4%
138
+35%
102
-26%
106
+4%
83
-21%
59
-29%
51
-13%
(20)
N/A
(15)
+22%
7
N/A
(11)
N/A
18
N/A
63
+241%
10
-84%
47
+360%
20
-57%
(19)
N/A
17
N/A
5
-69%
36
+580%
41
+15%
61
+48%
66
+8%
73
+11%
64
-12%
66
+2%
66
+1%
142
+116%
152
+6%
125
-18%
100
-20%
98
-2%
47
-51%
91
+91%
29
-68%
(39)
N/A
21
N/A
16
-27%
43
+179%
68
+57%
38
-44%
73
+92%
102
+39%
100
-2%
113
+13%
78
-32%
35
-55%
21
-40%
33
+58%
91
+171%
157
+73%
184
+17%
205
+11%
119
-42%
179
+50%
135
-25%
129
-4%
149
+15%
155
+4%
137
-12%
126
-8%
143
+13%
96
-33%
178
+86%
197
+11%
114
-42%
108
-5%
106
-3%
134
+27%
247
+84%
484
+96%
609
+26%
456
-25%
573
+26%
307
-47%
249
-19%
283
+14%
218
-23%
66
-70%
150
+127%
(60)
N/A
(68)
-13%
87
N/A
3
-96%
140
+4 154%
176
+26%
98
-44%
33
-66%
66
+99%
31
-53%
79
+154%
145
+84%
Change in Cash
Net Change in Cash
15
N/A
(49)
N/A
11
N/A
6
-41%
(10)
N/A
13
N/A
(15)
N/A
4
N/A
1
-72%
39
+3 247%
(2)
N/A
(25)
-1 145%
3
N/A
(49)
N/A
5
N/A
(2)
N/A
(1)
+34%
(2)
-53%
5
N/A
12
+162%
8
-31%
37
+339%
(3)
N/A
(8)
-165%
7
N/A
7
+1%
4
-51%
(8)
N/A
7
N/A
24
+234%
15
-36%
79
+421%
9
-89%
(11)
N/A
(14)
-33%
6
N/A
(36)
N/A
(13)
+65%
18
N/A
14
-20%
13
-10%
61
+378%
0
-99%
(1)
N/A
5
N/A
(0)
N/A
(13)
-3 768%
(64)
-390%
1
N/A
(61)
N/A
7
N/A
(7)
N/A
(4)
+50%
36
N/A
(7)
N/A
5
N/A
5
-5%
(51)
N/A
18
N/A
32
+80%
6
-81%
4
-35%
3
-27%
(21)
N/A
15
N/A
35
+129%
(5)
N/A
12
N/A
11
-2%
(39)
N/A
2
N/A
0
N/A
(14)
N/A
77
N/A
191
+147%
358
+88%
311
-13%
314
+1%
225
-28%
148
-34%
77
-48%
35
-54%
(261)
N/A
(225)
+14%
(393)
-75%
(284)
+28%
(44)
+85%
(79)
-80%
78
N/A
79
+1%
27
-66%
45
+70%
12
-74%
19
+58%
68
+260%
57
-16%

See Also

Summary
AROW intrinsic value, competitors valuation, and company profile.
DCF Valuation
AROW stock valuation using Discount Cash Flow valuation method.
Relative Valuation
AROW stock valuation using valuation multiples.
Wall Street Estimates
AROW price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
AROW stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 319,700+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.