Banque Cantonale Vaudoise Cash Flow Statement

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

Millions CHF. 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	429.7	440.6	469.2	388.3	378.7
Depreciation & Amortization	18.3	17.2	16.9	17.7	20.3
Other Amortization	55.4	55.9	55.9	49	47.7
Gain (Loss) on Sale of Investments	8.3	8.9	3.2	3.3	4
Provision for Credit Losses	3	1	1	-3	8
Change in Trading Asset Securities	31	121	419	-797	65
Accrued Interest Receivable	6	9	-52	-3	20
Change in Other Net Operating Assets	-2,494	-3,182	397	809	-1,836
Other Operating Activities	5.3	1.4	-1.2	1.7	-13.7
Operating Cash Flow	-1,937	-2,527	1,309	466	-1,306
Operating Cash Flow Growth	-	-	180.90%	-	-
Capital Expenditures	-17	-25	-8	-6	-7
Investment in Securities	-1,693	-1,065	523	-1,155	-548
Purchase / Sale of Intangibles	-48	-48	-69	-45	-44
Other Investing Activities	35	-81	-	-	-
Investing Cash Flow	-1,727	-1,225	443	-1,207	-587
Long-Term Debt Issued	2,977	2,455	1,638	1,394	1,853
Total Debt Issued	2,977	2,455	1,638	1,394	1,853
Long-Term Debt Repaid	-1,411	-1,182	-1,136	-768	-1,451
Net Debt Issued (Repaid)	1,566	1,273	502	626	402
Issuance of Common Stock	27	29	23	25	24
Repurchase of Common Stock	-30	-28	-24	-24	-23
Common Dividends Paid	-379	-370	-327	-318	-310
Net Increase (Decrease) in Deposit Accounts	585	1,197	-1,919	199	2,771
Other Financing Activities	-18	-336	-321	549	77
Financing Cash Flow	1,751	1,765	-2,066	1,057	2,941
Net Cash Flow	-1,915	-1,988	-314	316	1,050
Free Cash Flow	-1,954	-2,552	1,301	460	-1,313
Free Cash Flow Growth	-	-	182.83%	-	-
Free Cash Flow Margin	-169.93%	-220.86%	112.15%	44.26%	-130.61%
Free Cash Flow Per Share	-22.75	-29.72	15.15	5.36	-15.29

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