Intesa Sanpaolo 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	-	8,666	7,724	4,379	4,185	Upgrade
Depreciation & Amortization	-	725	1,501	1,524	1,446	Upgrade
Other Amortization	-	1,021	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-	1,148	-1,743	533	-1,755	Upgrade
Total Asset Writedown	-	44	-	-	-	Upgrade
Provision for Credit Losses	-	1,568	1,780	3,147	3,621	Upgrade
Change in Trading Asset Securities	-	-7,829	-12,202	38,051	-4,170	Upgrade
Change in Other Net Operating Assets	-	-51,185	-17,488	71,602	2,121	Upgrade
Other Operating Activities	-	5,655	2,934	-17,120	3,211	Upgrade
Operating Cash Flow	-	-40,187	-17,338	102,276	8,805	Upgrade
Operating Cash Flow Growth	-	-	-	1061.57%	-	Upgrade
Capital Expenditures	-	-286	-334	-576	-775	Upgrade
Sale of Property, Plant and Equipment	-	79	633	78	96	Upgrade
Cash Acquisitions	-	153	-	1,072	-446	Upgrade
Investment in Securities	-	133	288	78	-50	Upgrade
Purchase / Sale of Intangibles	-	-1,379	-1,248	-1,269	-1,099	Upgrade
Other Investing Activities	-	53	73	79	48	Upgrade
Investing Cash Flow	-	-1,247	-588	-538	-2,226	Upgrade
Issuance of Common Stock	-	355	417	616	-	Upgrade
Repurchase of Common Stock	-	-1,736	-1,709	-1,118	-1,538	Upgrade
Common Dividends Paid	-	-5,830	-4,293	-2,966	-4,041	Upgrade
Other Financing Activities	-	23	-7	-50	-14	Upgrade
Financing Cash Flow	-	-7,188	-5,592	-3,518	-5,593	Upgrade
Foreign Exchange Rate Adjustments	-	-115	-136	-52	37	Upgrade
Net Cash Flow	-	-48,737	-23,654	98,168	1,023	Upgrade
Free Cash Flow	-	-40,473	-17,672	101,700	8,030	Upgrade
Free Cash Flow Growth	-	-	-	1166.50%	-	Upgrade
Free Cash Flow Margin	-	-159.49%	-76.31%	564.87%	44.32%	Upgrade
Free Cash Flow Per Share	-	-2.25	-0.96	5.26	0.41	Upgrade

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