The Toronto-Dominion Bank (TD)

The Toronto-Dominion Bank Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 31, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Net Income	21,788	20,538	8,842	10,634	17,429	14,298
Depreciation & Amortization	2,180	2,166	2,027	1,911	1,766	2,066
Provision for Credit Losses	4,333	4,506	4,253	2,933	1,067	-224
Net Change in Loans Held-for-Sale	2,573	-8,024	-57,908	-67,766	-109,463	-3,660
Other Adjustments	-7,709	-7,513	-1,367	-2,122	-1,546	-541
Changes in Trading Assets	-36,033	-44,366	-23,680	-5,332	3,864	1,177
Changes in Securities Borrowed	-806	-38,861	-3,884	-41,873	7,117	1,878
Changes in Accrued Interest and Accounts Receivable	-915	-1,072	1,133	812	-412	-288
Changes in Trading Liabilities	15,295	23,530	29,900	34,110	-12,952	-37,749
Changes in Accounts Payable	-8,191	-4,394	4,027	-5,128	8,799	-4,592
Changes in Other Operating Activities	1,467	-15,392	92,655	6,519	123,280	77,764
Operating Cash Flow	-6,782	-69,646	54,937	-65,302	38,949	50,129
Operating Cash Flow Growth	-	-	-	-	-22.30%	-78.38%
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	15,623	61,591	-71,153	41,446	30,455	-729
Net Change in Securities and Investments	-8,924	5,958	24,485	37,248	-63,375	-41,552
Capital Expenditures	-2,179	-2,145	-2,177	-1,844	-1,454	-1,129
Other Investing Activities	20,784	20,784	3,423	-624	2,479	-1,858
Investing Cash Flow	25,304	86,188	-45,422	76,226	-31,895	-45,268
Long-Term Debt Issued	171	2,283	3,324	-	-	-
Long-Term Debt Repaid	-4,791	-4,858	-2,222	-2,359	-657	-550
Net Long-Term Debt Issued (Repaid)	-4,620	-2,575	1,102	-2,359	-657	-550
Issuance of Common Stock	13,830	14,842	12,048	8,571	11,276	11,088
Repurchase of Common Stock	-22,133	-20,835	-15,831	-12,834	-13,302	-11,064
Net Common Stock Issued (Repurchased)	-8,303	-5,993	-3,783	-4,263	-2,026	24
Issuance of Preferred Stock	1,032	1,780	1,328	-	5,529	1,745
Repurchase of Preferred Stock	-550	-1,050	-1,300	-400	-1,000	-700
Net Preferred Stock Issued (Repurchased)	482	730	28	-400	4,529	1,045
Common Dividends Paid	-6,012	-7,663	-7,160	-5,825	-6,665	-5,555
Financing Cash Flow	-18,453	-15,501	-9,813	-12,847	-4,819	-5,036
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-334	34	14	88	390	-339
Net Cash Flow	-265	1,075	-284	-1,835	2,625	-514
Free Cash Flow	-8,961	-71,791	52,760	-67,146	37,495	49,000
Free Cash Flow Growth	-	-	-	-	-23.48%	-78.70%
FCF Margin	-13.58%	-113.47%	99.60%	-140.60%	78.17%	114.17%
Free Cash Flow Per Share	-5.24	-41.55	29.98	-36.80	20.67	26.92
Levered Free Cash Flow	-12,594	-63,136	109,419	-3,113	146,521	52,626
Unlevered Free Cash Flow	-29,182	-80,534	100,001	-10,825	130,008	39,127

Updated Feb 26, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

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