Northern Trust Corporation (NTRS)

Northern Trust Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,737	2,031	1,107	1,336	1,545
Depreciation & Amortization	779.1	716.8	634.6	553.6	515.6
Provision for Credit Losses	-7.5	-3	24.5	12	-81.5
Other Adjustments	-119.8	146.4	59.5	-45.4	128
Changes in Accrued Interest and Accounts Receivable	-42.6	-6.1	12	57.9	-460.9
Changes in Accounts Payable	-24.8	-41.9	85.8	172.6	-7.8
Changes in Other Operating Activities	3,212	-3,329	701.9	305.7	-282.7
Operating Cash Flow	5,534	-486	2,626	2,392	1,356
Operating Cash Flow Growth	-	-	9.75%	76.43%	-28.51%
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	-2,176	276.6	317.4	-451	897.7
Net Change in Loans Held-for-Investment	1,521	4,166	-4,702	-2,442	-6,745
Net Change in Securities and Investments	-4,768	-1,677	3,644	6,782	-3,650
Capital Expenditures	-74	-101.5	-116.5	-128.6	-95.5
Purchases of Intangible Assets	-700.2	-644	-559.3	-594.9	-419.6
Other Investing Activities	-13,973	-4,583	6,201	22,764	-8,591
Investing Cash Flow	-20,170	-2,564	4,784	25,930	-18,603
Net Change in Deposits	16,809	6,331	-8,478	-32,997	17,886
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	-188.2	-1,209	1,366	1,932	232.1
Short-Term Debt Issued	566.8	-103.8	-1,059	3,967	-426.5
Net Short-Term Debt Issued (Repaid)	566.8	-103.8	-1,059	3,967	-426.5
Long-Term Debt Issued	1,250	-	2,000	1,989	53.8
Long-Term Debt Repaid	-1,350	-	-	-500	-778.8
Net Long-Term Debt Issued (Repaid)	-100.2	-	2,000	1,489	-725
Issuance of Common Stock	6.4	9.4	2.3	3.9	53.8
Repurchase of Common Stock	-1,274	-937.8	-347.5	-35.4	-267.6
Net Common Stock Issued (Repurchased)	-1,267	-928.4	-345.2	-31.5	-213.8
Common Dividends Paid	-591.6	-602.3	-621.5	-750.2	-583.3
Preferred Share Dividends Paid	-41.8	-41.8	-41.8	-46.5	-41.8
Other Financing Activities	-11.1	-6.4	-2.7	-	0.1
Financing Cash Flow	15,176	3,440	-7,183	-26,437	16,074
Effect of Exchange Rate Changes on Cash and Cash Equivalents	656.4	-504.3	-89.8	-287.4	-159.6
Net Cash Flow	1,196	-114.3	137.3	1,597	-1,333
Free Cash Flow	5,460	-587.5	2,509	2,264	1,261
Free Cash Flow Growth	-	-	10.84%	79.59%	-28.42%
FCF Margin	67.45%	-7.08%	37.18%	33.54%	19.26%
Free Cash Flow Per Share	28.40	-2.91	12.09	10.84	6.03
Levered Free Cash Flow	6,012	-876.5	3,324	7,711	20.7
Unlevered Free Cash Flow	3,850	-2,762	1,318	961.2	-331.3

Updated Jan 22, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q