Zuger Kantonalbank 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	131.11	122.37	124.82	97.18	75.87
Depreciation & Amortization	31.47	31.68	31.37	23.68	15.52
Provision for Credit Losses	96.91	89.81	64	62.87	50.1
Other Adjustments	-	-	-	-	22.07
Changes in Trading Assets	7.53	9.39	1.1	1.67	5.47
Changes in Accrued Interest and Accounts Receivable	7.34	1.73	6.2	2.74	0.25
Changes in Trading Liabilities	0.56	12.6	2.99	4.9	4.68
Changes in Accrued Expenses	2.32	1.63	12.32	2.9	0.14
Changes in Other Operating Activities	64.6	64.74	64.32	64.32	64.32
Operating Cash Flow	105.63	97.89	106.97	59.34	47.92
Operating Cash Flow Growth	7.90%	-8.49%	80.27%	23.81%	6.96%
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	8.61	15.11	17.82	1.28	5.86
Net Change in Loans Held-for-Investment	317.44	747.01	684.54	608.62	769.38
Net Change in Securities and Investments	137.62	58.11	60.8	35.79	85.25
Cash Acquisitions	-	-	-	16.48	-
Capital Expenditures	15.74	14.61	18.44	16.06	18.06
Purchases of Intangible Assets	-	-	-	62.93	-
Other Investing Activities	11.52	13.39	9.85	22.82	18.07
Investing Cash Flow	16.01	14.89	17.82	76.28	24.04
Net Change in Deposits	174.5	172.28	907.69	2,094	468.52
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	138.67	63.39	436.74	1,698	944.88
Long-Term Debt Issued	341.48	157.14	86.33	245.17	386.51
Net Long-Term Debt Issued (Repaid)	341.48	157.14	86.33	245.17	386.51
Issuance of Common Stock	4.34	3.73	3.36	4.45	4.65
Net Common Stock Issued (Repurchased)	4.34	3.73	3.36	4.45	4.65
Other Financing Activities	13.75	17.33	3.28	4.08	13.35
Financing Cash Flow	740.42	413.88	1,437	4,047	1,818
Net Cash Flow	740.42	751.28	728.57	188.38	1,356
Free Cash Flow	121.36	112.51	125.41	75.4	65.99
Free Cash Flow Growth	7.87%	-10.29%	66.33%	14.27%	11.06%
FCF Margin	36.94%	35.70%	41.17%	30.29%	28.00%
Free Cash Flow Per Share	421.85	391.04	435.88	262.07	229.29