BVMF:BILB34 Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
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	2020 - 2016
Net Income	10,511	10,054	8,019	6,358	4,653	Upgrade
Depreciation & Amortization	955	990	885	838	788	Upgrade
Other Amortization	566	543	518	490	446	Upgrade
Change in Trading Asset Securities	-13,463	27,447	-25,414	13,823	-9,890	Upgrade
Change in Other Net Operating Assets	6,258	-65,398	9,479	-5,379	-3,112	Upgrade
Other Operating Activities	10,141	8,174	5,792	7,588	5,873	Upgrade
Operating Cash Flow	14,968	-18,190	-721	23,718	-1,242	Upgrade
Capital Expenditures	-827	-1,195	-1,129	-1,812	-396	Upgrade
Sale of Property, Plant and Equipment	83	104	92	29	78	Upgrade
Cash Acquisitions	-	-28	-	-1,389	-	Upgrade
Investment in Securities	82	31	-35	46	30	Upgrade
Divestitures	50	73	21	-	10	Upgrade
Purchase / Sale of Intangibles	-979	-816	-690	-630	-550	Upgrade
Other Investing Activities	188	408	322	-155	-806	Upgrade
Investing Cash Flow	-1,403	-1,423	-1,419	-3,911	-1,634	Upgrade
Long-Term Debt Issued	4,987	5,514	4,672	-	-	Upgrade
Long-Term Debt Repaid	-2,647	-2,599	-1,629	-2,258	-2,301	Upgrade
Net Debt Issued (Repaid)	2,340	2,915	3,043	-2,258	-2,301	Upgrade
Issuance of Common Stock	757	691	711	434	438	Upgrade
Repurchase of Common Stock	-1,995	-1,529	-2,166	-2,983	-1,022	Upgrade
Common Dividends Paid	-4,196	-3,913	-2,808	-2,185	-926	Upgrade
Other Financing Activities	-579	-731	-622	-571	-538	Upgrade
Financing Cash Flow	-3,673	-2,567	-1,842	-7,563	-4,349	Upgrade
Foreign Exchange Rate Adjustments	-2,201	-2,091	-357	-288	-1,864	Upgrade
Net Cash Flow	7,692	-24,271	-4,339	11,957	-9,089	Upgrade
Free Cash Flow	14,141	-19,385	-1,850	21,906	-1,638	Upgrade
Free Cash Flow Margin	44.68%	-61.43%	-6.82%	95.35%	-8.81%	Upgrade
Free Cash Flow Per Share	2.46	-3.36	-0.31	3.54	-0.26	Upgrade
Cash Income Tax Paid	3,328	5,631	5,353	3,234	1,546	Upgrade

Source: S&P Capital IQ. Banks template. Financial Sources.