Northern Trust 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	-	2,031	1,107	1,336	1,545
Depreciation & Amortization	-	119.2	125.2	119.4	125.5
Other Amortization	-	597.6	509.4	434.2	390.1
Gain (Loss) on Sale of Investments	-	154.2	172.5	60.3	100
Provision for Credit Losses	-	-3	24.5	12	-81.5
Change in Income Taxes	-	183.5	-44.4	61.3	37.2
Change in Other Net Operating Assets	-	-3,294	-60.6	697.3	-927.4
Other Operating Activities	-	-232.9	705.9	-500.7	174.6
Operating Cash Flow	-	-486	2,626	2,392	1,356
Operating Cash Flow Growth	-	-	9.75%	76.43%	-28.51%
Capital Expenditures	-	-101.5	-116.5	-128.6	-95.5
Investment in Securities	-	-1,497	3,958	6,204	-407.3
Purchase / Sale of Intangibles	-	-644	-559.3	-594.9	-419.6
Net Decrease (Increase) in Loans Originated / Sold - Investing	-	4,166	-4,702	-2,442	-6,745
Other Investing Activities	-	-4,487	6,204	22,891	-10,936
Investing Cash Flow	-	-2,564	4,784	25,930	-18,603
Short-Term Debt Issued	-	-	1,366	5,899	492.1
Long-Term Debt Issued	-	-	2,000	1,989	-
Total Debt Issued	-	-	3,366	7,888	492.1
Short-Term Debt Repaid	-	-1,312	-1,059	-	-686.5
Long-Term Debt Repaid	-	-	-	-500	-778.8
Total Debt Repaid	-	-1,312	-1,059	-500	-1,465
Net Debt Issued (Repaid)	-	-1,312	2,307	7,388	-973.2
Issuance of Common Stock	-	9.4	2.3	3.9	53.8
Repurchase of Common Stock	-	-937.8	-347.5	-35.4	-267.6
Common Dividends Paid	-	-602.3	-621.5	-750.2	-583.3
Preferred Dividends Paid	-	-41.8	-41.8	-46.5	-41.8
Total Dividends Paid	-	-644.1	-663.3	-796.7	-625.1
Net Increase (Decrease) in Deposit Accounts	-	6,331	-8,478	-32,997	17,886
Other Financing Activities	-	-6.4	-2.7	-	0.1
Financing Cash Flow	-	3,440	-7,183	-26,437	16,074
Foreign Exchange Rate Adjustments	-	-504.3	-89.8	-287.4	-159.6
Net Cash Flow	-	-114.3	137.3	1,597	-1,333
Free Cash Flow	-	-587.5	2,509	2,264	1,261
Free Cash Flow Growth	-	-	10.84%	79.59%	-28.42%
Free Cash Flow Margin	-	-7.08%	37.18%	33.54%	19.26%
Free Cash Flow Per Share	-	-2.91	12.09	10.84	6.03
Cash Interest Paid	-	7,610	5,286	822.4	30.8
Cash Income Tax Paid	-	268.6	362.5	459.9	371

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