For the year ending 2025-12-31, STT-PG had $1,288M increase in cash & cash equivalents over the period. $10,843M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | 2,945 | 2,687 | 1,944 |
| Deferred income tax (benefit) | -89 | 145 | -184 |
| Amortization of other intangible assets | 223 | 230 | 239 |
| Other non-cash adjustments for depreciation, amortization and accretion, net | 331 | 375 | 643 |
| (gains) losses related to investment securities, net | 4 | -79 | -294 |
| Provision for credit losses | 59 | 75 | 46 |
| Change in trading account assets, net | 59 | -5 | 123 |
| Change in accrued interest and fees receivable, net | 350 | 224 | 359 |
| Change in collateral deposits, net | 6,611 | -12,109 | -2,246 |
| Change in unrealized losses (gains) on foreign exchange derivatives, net | -5,512 | 7,191 | -2,146 |
| Change in other assets, net | 2,524 | -1,672 | 1,839 |
| Change in accrued expenses and other liabilities, net | -1,167 | 743 | -128 |
| Other, net | -410 | -303 | -257 |
| Net cash provided by (used in) operating activities | 11,898 | -13,210 | 690 |
| Net (increase) decrease in interest-bearing deposits with banks | -12,998 | -25,292 | 13,928 |
| Net (increase) decrease in securities purchased under resale agreements | -133 | 13 | -1,477 |
| Proceeds from sales of available-for-sale securities | 15,999 | 10,973 | 4,917 |
| Proceeds from maturities of available-for-sale securities | 29,040 | 18,517 | 15,703 |
| Purchases of available-for-sale securities | 50,245 | 44,301 | 23,089 |
| Proceeds from maturities of held-to-maturity securities under the mmlf program | - | - | 0 |
| Proceeds from maturities of held-to-maturity securities | 9,858 | 9,330 | 9,474 |
| Purchases of held-to-maturity securities | 0 | 5 | 1,582 |
| Sale of loans | 1,068 | 246 | 506 |
| Net increase in loans | 3,719 | 7,369 | 4,746 |
| Business acquisitions, net of cash acquired | 286 | 194 | 61 |
| Divestitures | - | - | 0 |
| Purchases of equity investments and other long-term assets | 1,164 | 143 | 136 |
| Purchases of premises and equipment, net | 1,055 | 926 | 816 |
| Other, net | -644 | 332 | -117 |
| Net cash (used in) provided by investing activities | -12,991 | -39,483 | 12,738 |
| Net (decrease) increase in time deposits | -3,108 | -19 | 2,820 |
| Net increase (decrease) in all other deposits | 14,471 | 40,971 | -17,311 |
| Net (decrease) increase in securities sold under repurchase agreements | -2,840 | 1,814 | 690 |
| Net (decrease) increase in short-term borrowings under money market liquidity facility | - | - | 0 |
| Net (decrease) increase in other short-term borrowings | -6,018 | 6,180 | 563 |
| Net increase (decrease) in federal funds purchased | - | - | -1,000 |
| Proceeds from issuance of long-term debt, net of issuance costs | 5,722 | 6,523 | 6,221 |
| Payments for long-term debt and obligations under finance leases | 4,143 | 2,046 | 2,545 |
| Payments for redemption of preferred stock | 0 | 1,500 | 0 |
| Proceeds from issuance of common stock, net of issuance costs | - | - | 0 |
| Proceeds from issuance of preferred stock, net of issuance costs | 743 | 2,323 | - |
| Repurchases of common stock | 1,200 | 1,319 | 3,781 |
| Repurchases of common stock for employee tax withholding | 106 | 83 | 95 |
| Payments for cash dividends | 1,120 | 1,033 | 970 |
| Other, net | -20 | -20 | 57 |
| Net cash provided by (used in) financing activities | 2,381 | 51,791 | -13,351 |
| Net increase (decrease) | 1,288 | -902 | 77 |
| Cash and due from banks at beginning of period | 3,145 | 4,047 | 3,970 |
| Cash and due from banks at end of period | 4,433 | 3,145 | 4,047 |
STATE STREET CORP (STT-PG)
STATE STREET CORP (STT-PG)