Bank of Montreal (BMO)

Bank of Montreal Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Net Income	8,725	7,327	4,437	13,537	7,754
Depreciation & Amortization	2,180	2,110	2,092	1,480	1,565
Provision for Credit Losses	3,617	3,761	2,178	313	20
Other Adjustments	-272	-228	-1,073	223	372
Changes in Trading Assets	-29,299	-42,785	1,083	-11,678	-9,905
Changes in Securities Borrowed	-17,682	5,480	-885	-954	-289
Changes in Accrued Interest and Accounts Receivable	-1,403	785	1,956	142	75
Changes in Trading Liabilities	-1,182	2,123	-14,924	27,800	16,940
Changes in Accounts Payable	-	-	-	-	-366
Changes in Other Operating Activities	45,556	48,130	14,727	-25,906	27,883
Operating Cash Flow	10,240	26,703	9,591	4,957	44,049
Operating Cash Flow Growth	-61.65%	178.42%	93.48%	-88.75%	-13.35%
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	854	515	1,680	3,316	144
Net Change in Securities and Investments	1,480	-23,480	-6,058	-32,565	477
Payments for Business Acquisitions	-	-	-15,102	-	-
Proceeds from Business Divestments	-	-	-	1,226	63
Capital Expenditures	-	-	-	-777	-484
Purchases of Intangible Assets	-1,729	-1,564	-1,677	-671	-499
Investing Cash Flow	605	-24,529	-21,157	-29,471	-299
Long-Term Debt Issued	1,250	1,000	9,177	14,780	5,396
Long-Term Debt Repaid	-1,571	-1,357	-12,275	-6,973	-6,651
Net Long-Term Debt Issued (Repaid)	-321	-357	-3,098	7,807	-1,255
Issuance of Common Stock	146	67	3,339	3,096	159
Repurchase of Common Stock	-3,384	1	14	-	-
Net Common Stock Issued (Repurchased)	-3,238	68	3,353	3,096	159
Issuance of Preferred Stock	1,365	2,368	648	2,245	-
Repurchase of Preferred Stock	-500	-1,250	-	-1,500	-1,046
Net Preferred Stock Issued (Repurchased)	865	1,118	648	745	-1,046
Common Dividends Paid	-5,031	-3,840	-2,703	-2,595	-2,980
Other Financing Activities	-948	-12,074	2,068	6,927	-
Financing Cash Flow	-8,673	-15,085	268	15,980	-5,122
Effect of Exchange Rate Changes on Cash and Cash Equivalents	214	75	1,766	2,739	-2,775
Net Cash Flow	2,386	-12,836	-9,532	-5,795	35,853
Free Cash Flow	10,240	26,703	9,591	4,180	43,565
Free Cash Flow Growth	-61.65%	178.42%	129.45%	-90.41%	-13.63%
FCF Margin	31.36%	91.97%	35.42%	12.52%	160.37%
Free Cash Flow Per Share	14.16	36.65	13.50	6.28	67.16
Levered Free Cash Flow	6,558	22,804	5,376	11,451	41,918
Unlevered Free Cash Flow	-1,830	15,843	4,049	-9,893	35,419

Updated Feb 25, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q