National Bank of Canada Cash Flow Statement

Financials in millions CAD. Fiscal year is November - October.

Millions CAD. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Net Income	4,017	3,817	3,291	3,384	3,140
Depreciation & Amortization	354	233	217	208	202
Other Amortization	300	281	307	273	254
Gain (Loss) on Sale of Investments	-132	-318	-161	-113	-154
Total Asset Writedown	67	4	88	8	16
Provision for Credit Losses	1,246	569	397	145	2
Change in Trading Asset Securities	-32,183	-15,941	-12,619	-2,564	-6,485
Accrued Interest Receivable	86	128	407	150	-186
Change in Income Taxes	-88	175	-313	-437	272
Change in Other Net Operating Assets	-30,004	-29,538	-7,989	-28,530	-16,177
Other Operating Activities	-180	-139	-245	109	106
Operating Cash Flow	-56,501	-40,720	-16,613	-27,378	-19,022
Capital Expenditures	-233	-443	-352	-296	-217
Cash Acquisitions	131	-	-	-	-73
Investment in Securities	-6,709	-6,633	571	-786	2,032
Income (Loss) Equity Investments	-8	-8	-11	-28	-23
Purchase / Sale of Intangibles	-269	-260	-299	-374	-275
Investing Cash Flow	-7,080	-7,336	-80	-1,456	1,467
Long-Term Debt Issued	1,750	500	-	739	-
Long-Term Debt Repaid	-201	-110	-852	-99	-96
Net Debt Issued (Repaid)	1,549	390	-852	640	-96
Issuance of Common Stock	88	153	88	53	92
Repurchase of Common Stock	-213	-	-	-245	-
Preferred Stock Issued	-	-	-	500	500
Preferred Share Repurchases	-300	-	-	-	-800
Common Dividends Paid	-	-	-	-1,253	-
Preferred Dividends Paid	-	-	-	-72	-
Total Dividends Paid	-1,952	-1,640	-1,503	-1,325	-1,101
Net Increase (Decrease) in Deposit Accounts	61,136	45,372	21,779	25,456	25,060
Other Financing Activities	-347	-	-	-4	-334
Financing Cash Flow	59,961	44,275	19,512	25,075	23,321
Foreign Exchange Rate Adjustments	-13	96	545	1,750	-1,029
Net Cash Flow	-3,633	-3,685	3,364	-2,009	4,737
Free Cash Flow	-56,734	-41,163	-16,965	-27,674	-19,239
Free Cash Flow Margin	-445.53%	-380.05%	-175.60%	-291.09%	-215.56%
Free Cash Flow Per Share	-148.33	-120.06	-49.78	-81.19	-56.44
Cash Interest Paid	16,592	16,767	12,236	3,763	2,261
Cash Income Tax Paid	1,177	1,085	741	1,118	542

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