LON:0H7D Cash Flow Statement

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

Millions EUR. 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	3,366	4,772	5,525	2,365
Depreciation & Amortization	2,128	1,757	3,461	3,563
Other Amortization	1,166	1,062	-	-
Gain (Loss) on Sale of Investments	-76	-84	128	-276
Total Asset Writedown	94	292	68	5
Provision for Credit Losses	1,830	1,505	1,226	515
Change in Trading Asset Securities	-14,916	-35,523	2,218	19,868
Change in Other Net Operating Assets	-60,391	30,162	-25,461	-62,490
Other Operating Activities	611	-435	-717	165
Operating Cash Flow	-66,187	3,835	-13,799	-36,221
Capital Expenditures	-528	-422	-337	-550
Sale of Property, Plant and Equipment	20	33	22	114
Cash Acquisitions	-	-361	-	-5
Investment in Securities	-4,902	-439	-16,214	25,046
Income (Loss) Equity Investments	4	107	-129	-197
Divestitures	3	-	439	-
Other Investing Activities	-1,374	-1,387	-1,085	-1,010
Investing Cash Flow	-6,781	-2,576	-17,175	23,595
Long-Term Debt Issued	20	1,432	2,716	1,146
Long-Term Debt Repaid	-711	-2,230	-697	-1,225
Net Debt Issued (Repaid)	-691	-798	2,019	-79
Issuance of Common Stock	6,316	415	6,074	5,177
Repurchase of Common Stock	-4,467	-1,257	-6,503	-3,008
Common Dividends Paid	-1,457	-1,108	-885	-363
Net Increase (Decrease) in Deposit Accounts	37,603	1,771	11,686	33,269
Other Financing Activities	-347	-104	-91	-97
Financing Cash Flow	36,957	-1,081	12,300	34,899
Foreign Exchange Rate Adjustments	2,910	-2,036	4,354	1,345
Net Cash Flow	-33,102	-1,857	-14,320	23,618
Free Cash Flow	-66,715	3,413	-14,136	-36,771
Free Cash Flow Margin	-236.05%	12.47%	-54.40%	-147.70%
Free Cash Flow Per Share	-32.72	1.62	-6.65	-17.16
Cash Interest Paid	36,030	28,502	9,468	5,557
Cash Income Tax Paid	1,392	955	1,288	1,031

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.