FRA:PFZ0 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	475.06	562.15	560.74	527.32
Depreciation & Amortization	93.98	75.4	59.5	51.66
Other Amortization	4.6	3.3	2.8	1.6
Gain (Loss) on Sale of Assets	-2.13	-86.04	-0.64	-1.18
Gain (Loss) on Sale of Investments	105.77	69.73	49.58	35.2
Provision for Credit Losses	120.59	93.6	67.93	16.13
Net Decrease (Increase) in Loans Originated / Sold - Operating	-69.29	-43.01	9.71	92.1
Change in Other Net Operating Assets	160.97	-254.91	-109.06	13.23
Other Operating Activities	52.34	109.06	82.85	57.76
Operating Cash Flow	904.31	478.4	604.93	657.44
Operating Cash Flow Growth	89.03%	-20.91%	-7.99%	54.06%
Capital Expenditures	-94.52	-78.26	-63.52	-23.18
Sale of Property, Plant and Equipment	5.95	198.92	0.7	0.28
Cash Acquisitions	-	-	-30.9	-
Investment in Securities	-849.88	-757.07	-750.37	-2,683
Income (Loss) Equity Investments	-63.17	-85.4	-145.47	-122.27
Purchase / Sale of Intangibles	-2.5	-	-0.83	-
Net Decrease (Increase) in Loans Originated / Sold - Investing	-2,886	-3,695	-5,634	-1,027
Other Investing Activities	150.65	-276.84	-206.17	113.97
Investing Cash Flow	-3,672	-4,602	-6,684	-3,613
Short-Term Debt Issued	20.76	14.58	42.35	24.4
Long-Term Debt Issued	454.65	3,425	500	-
Total Debt Issued	475.41	3,440	542.35	24.4
Long-Term Debt Repaid	-700.42	-1,750	-954.83	-450.26
Total Debt Repaid	-700.42	-1,750	-954.83	-450.26
Net Debt Issued (Repaid)	-225.01	1,689	-412.48	-425.87
Repurchase of Common Stock	-20.27	-6.94	-10.18	-6.92
Common Dividends Paid	-69.01	-68.74	-68.19	-55.5
Preferred Dividends Paid	-15.19	-15.19	-15.19	-15.19
Total Dividends Paid	-84.21	-83.93	-83.39	-70.7
Net Increase (Decrease) in Deposit Accounts	4,303	3,579	3,661	3,599
Financing Cash Flow	3,974	5,177	3,155	3,096
Net Cash Flow	1,206	1,053	-2,924	140.09
Free Cash Flow	809.79	400.15	541.4	634.27
Free Cash Flow Growth	102.37%	-26.09%	-14.64%	63.47%
Free Cash Flow Margin	50.10%	24.98%	36.64%	48.34%
Free Cash Flow Per Share	10.50	5.22	7.11	8.35
Cash Interest Paid	1,343	1,043	236.46	110.12
Cash Income Tax Paid	30.76	99.89	128.85	108.3

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