FRA:A35 Cash Flow Statement

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

Millions USD. 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	207.42	207.19	200	178.14	136.09
Gain on Sale of Loans & Receivables	-21.55	-23.88	-17.03	0.72	10.78
Loss (Gain) From Sale of Investments	-165.74	214.32	78.25	690	205.45
Provision for Credit Losses	32.91	11.49	1.14	0.81	-2.19
Stock-Based Compensation	8.34	8.09	6.8	4.62	4.31
Net Decrease (Increase) in Loans Originated / Sold - Operating	40.27	29.22	24.38	33.31	46.97
Change in Accounts Payable	38.6	13.27	63.95	58.88	-9.53
Change in Other Net Operating Assets	42.92	192.37	43.61	-125.6	34.65
Other Operating Activities	-43.98	-7.53	38.63	32.06	5.15
Operating Cash Flow	80.06	612.65	375.8	809.27	436.41
Operating Cash Flow Growth	-86.93%	63.02%	-53.56%	85.44%	-
Capital Expenditures	-	-5.27	-	-	-
Investment in Securities	-721.66	536.32	-1,155	-1,781	-361.79
Net Decrease (Increase) in Loans Originated / Sold - Investing	-3,092	-2,214	-800.47	-1,262	-734.41
Investing Cash Flow	-3,813	-1,682	-1,955	-3,043	-1,096
Short-Term Debt Issued	-	-	-	52,470	61,112
Long-Term Debt Issued	90,675	68,871	57,788	9,289	11,173
Total Debt Issued	90,675	68,871	57,788	61,760	72,286
Short-Term Debt Repaid	-	-	-	-54,085	-60,743
Long-Term Debt Repaid	-87,025	-67,500	-56,103	-5,418	-11,067
Total Debt Repaid	-87,025	-67,500	-56,103	-59,504	-71,810
Net Debt Issued (Repaid)	3,650	1,371	1,685	2,256	475.8
Issuance of Preferred Stock	96.84	-	-	-	121.33
Preferred Share Repurchases	-	-75	-	-	-
Issuance of Common Stock	0.29	0.29	0.23	0.19	0.12
Repurchase of Common Stock	-18	-5.35	-3.01	-1.84	-1.31
Common Dividends Paid	-	-60.91	-47.65	-41.01	-
Preferred Dividends Paid	-	-25.15	-27.17	-27.17	-
Total Dividends Paid	-89.04	-86.05	-74.82	-68.17	-61.32
Financing Cash Flow	3,640	1,205	1,607	2,186	534.63
Net Cash Flow	-92.94	135.3	27.71	-47.78	-125.16
Free Cash Flow	80.06	607.37	375.8	809.27	436.41
Free Cash Flow Growth	-86.82%	61.62%	-53.56%	85.44%	-
Free Cash Flow Margin	21.50%	168.40%	108.52%	265.08%	179.70%
Free Cash Flow Per Share	7.29	55.34	34.36	74.36	40.24
Cash Interest Paid	910.56	819.96	582.96	269.33	198.59
Cash Income Tax Paid	-	39.2	48	33.8	36.3

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