BVMF:BILB34 Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	10,511	10,054	8,019	6,358	4,653
Depreciation & Amortization	955	990	885	838	788
Other Amortization	566	543	518	490	446
Change in Trading Asset Securities	-13,463	27,447	-25,414	13,823	-9,890
Change in Other Net Operating Assets	6,258	-65,398	9,479	-5,379	-3,112
Other Operating Activities	10,141	8,174	5,792	7,588	5,873
Operating Cash Flow	14,968	-18,190	-721	23,718	-1,242
Capital Expenditures	-827	-1,195	-1,129	-1,812	-396
Sale of Property, Plant and Equipment	83	104	92	29	78
Cash Acquisitions	-	-28	-	-1,389	-
Investment in Securities	82	31	-35	46	30
Divestitures	50	73	21	-	10
Purchase / Sale of Intangibles	-979	-816	-690	-630	-550
Other Investing Activities	188	408	322	-155	-806
Investing Cash Flow	-1,403	-1,423	-1,419	-3,911	-1,634
Long-Term Debt Issued	4,987	5,514	4,672	-	-
Long-Term Debt Repaid	-2,647	-2,599	-1,629	-2,258	-2,301
Net Debt Issued (Repaid)	2,340	2,915	3,043	-2,258	-2,301
Issuance of Common Stock	757	691	711	434	438
Repurchase of Common Stock	-1,995	-1,529	-2,166	-2,983	-1,022
Common Dividends Paid	-4,196	-3,913	-2,808	-2,185	-926
Other Financing Activities	-579	-731	-622	-571	-538
Financing Cash Flow	-3,673	-2,567	-1,842	-7,563	-4,349
Foreign Exchange Rate Adjustments	-2,201	-2,091	-357	-288	-1,864
Net Cash Flow	7,692	-24,271	-4,339	11,957	-9,089
Free Cash Flow	14,141	-19,385	-1,850	21,906	-1,638
Free Cash Flow Margin	44.68%	-61.43%	-6.82%	95.35%	-8.81%
Free Cash Flow Per Share	2.46	-3.36	-0.31	3.54	-0.26
Cash Income Tax Paid	3,328	5,631	5,353	3,234	1,546

Source: S&P Global Market Intelligence. Banks template. Financial Sources.