FRA:4FB Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	226	257.5	202.2	192.1
Depreciation & Amortization	57	53.8	55.5	44.4
Gain (Loss) on Sale of Assets	-2.9	0.7	-2	-2.1
Gain (Loss) on Sale of Investments	1.1	25.9	41.4	37.7
Total Asset Writedown	3.9	1	-1.3	-6.9
Provision for Credit Losses	67.8	32.2	82.7	-14.6
Net Decrease (Increase) in Loans Originated / Sold - Operating	0.7	8	32.1	66.5
Accrued Interest Receivable	12.3	-10.8	-37.8	3.7
Change in Accounts Payable	0.9	-71.1	183.1	-1.7
Change in Other Net Operating Assets	-23.2	80.5	-12.9	-16.4
Other Operating Activities	6.6	10.7	-17.2	-1.1
Operating Cash Flow	355	428	534.4	282.3
Operating Cash Flow Growth	-17.06%	-19.91%	89.30%	5.22%
Capital Expenditures	-23	-28.2	-10.5	-10.3
Cash Acquisitions	-	-	2,007	-
Investment in Securities	1,347	1,483	-1,871	-2,580
Purchase / Sale of Intangibles	-	-	1.4	-
Net Decrease (Increase) in Loans Originated / Sold - Investing	372.3	-185.8	-951.4	467.8
Other Investing Activities	49.9	-19.4	-127.9	1
Investing Cash Flow	1,759	1,253	-949	-2,120
Short-Term Debt Issued	-	-	28.9	-
Long-Term Debt Issued	253.9	276	2,341	-
Total Debt Issued	253.9	276	2,370	-
Short-Term Debt Repaid	-258.8	-270.2	-	-40.3
Long-Term Debt Repaid	-1,286	-0.1	-164.1	-
Total Debt Repaid	-1,545	-270.3	-164.1	-40.3
Net Debt Issued (Repaid)	-1,291	5.7	2,206	-40.3
Issuance of Common Stock	-	-	0.1	0.4
Repurchase of Common Stock	-1.2	-34	-199	-5.4
Common Dividends Paid	-195.9	-195.1	-182.1	-101.6
Net Increase (Decrease) in Deposit Accounts	-307.5	-1,751	-2,884	2,053
Other Financing Activities	-	-	-0.8	-
Financing Cash Flow	-1,795	-1,974	-1,060	1,906
Net Cash Flow	318.6	-292.5	-1,474	68
Free Cash Flow	332	399.8	523.9	272
Free Cash Flow Growth	-16.96%	-23.69%	92.61%	14.24%
Free Cash Flow Margin	35.63%	40.24%	51.38%	42.08%
Free Cash Flow Per Share	3.22	3.85	5.07	4.41
Cash Interest Paid	475.7	363.6	32	19.3
Cash Income Tax Paid	34.3	51.2	57.8	56.8

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