← BANK OF MONTREAL /CAN/

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net Income $4.6b $5.3b $5.5b $5.8b $5.1b $7.8b $13.5b $4.4b $7.3b $8.7b
Net Income From Continuing Operations — — — — — — $13.5b $4.4b $7.3b $8.7b
Depreciation of premises and equipment (Note 8) — $391.0m $400.0m $435.0m — $791.0m $780.0m $1.0b $970.0m $1.0b
Depreciation of other assets — — — — — $140.0m $96.0m $62.0m $28.0m $13.0m
Amortization of intangible assets (Note 10) $444.0m $485.0m $503.0m $554.0m $620.0m $634.0m $604.0m $1.0b $1.1b $1.2b
Amortization Cash Flow — — — — — — $604.0m $1.0b $1.1b $1.2b
Amortization Of Intangibles — — — — — — $604.0m $1.0b $1.1b $1.2b
Depreciation — — — — — — $876.0m $1.1b $998.0m $1.0b
Depreciation Amortization Depletion — — — — — — $1.5b $2.1b $2.1b $2.2b
Deferred taxes (Note 22) — — — — — $184.0m $475.0m ($732.0m) $153.0m $12.0m
Deferred Income Tax — — — — — — $475.0m ($708.0m) $153.0m $12.0m
Deferred Tax — — — — — — $475.0m ($708.0m) $153.0m $12.0m
Asset Impairment Charge — — — — — $779.0m $0 — $26.0m $178.0m
Earnings (Loss)es From Equity Investments — — — — — — — ($185.0m) ($207.0m) ($175.0m)
Additional Financial Items
Adjustments For Current Tax Of Prior Period — — $20.0m ($14.0m) $10.0m ($14.0m) ($15.0m) ($2.0m) — —
Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates — — — — — — ($29.0m) $0 — —
Goodwill — — $6.4b $6.3b $6.5b $5.4b $5.3b $16.7b $16.8b $16.8b
Interest Received Classified As Operating Activities — — $18.9b $24.0b $21.6b $18.3b $24.0b $52.1b $63.1b $61.1b
Payments Of Lease Liabilities Classified As Financing Activities — — — — $331.0m $327.0m $294.0m $353.0m $357.0m $321.0m
Payments To Acquire Or Redeem Entitys Shares — — — — — — — — $1.2b $500.0m
Securities (gains), other than trading (Note 2) — — — — — ($591.0m) ($281.0m) ($181.0m) ($200.0m) ($287.0m)
Write-down of goodwill and intangible assets (Notes 9 and 10) — — — — — — — — $26.0m $178.0m
Provision for credit losses (Note 3) $771.0m $746.0m $662.0m $872.0m $3.0b $20.0m $313.0m $2.2b $3.8b $3.6b
Share of (profit) in associates and joint ventures — — — — — — — ($185.0m) ($207.0m) ($175.0m)
Trading securities — — — — — ($10.4b) $1.7b ($14.6b) ($42.7b) ($21.3b)
Derivative assets ($306.0m) $15.5b $5.3b $6.9b ($12.2b) $542.0m ($13.4b) $14.4b ($85.0m) ($8.0b)
Derivative liabilities ($5.6b) ($14.9b) ($6.7b) ($3.8b) $5.6b $529.0m $27.8b ($14.9b) $2.1b ($1.2b)
Current income taxes — — — — — — $484.0m ($990.0m) $257.0m $104.0m
Accrued interest receivable and payable — — — — — — $142.0m $2.0b $785.0m ($1.4b)
Insurance-related liabilities — — — — — — — $3.3b $4.3b $1.7b
Brokers, dealers and clients receivable and payable — — — — — — — $405.0m $1.5b ($592.0m)
Other items and accruals, net $1.2b ($3.4b) $956.0m ($1.3b) ($6.0b) $723.0m ($6.2b) $6.7b ($7.1b) $3.5b
Deposits $23.4b $15.4b $35.3b $48.0b $88.3b $52.2b $45.2b $38.6b $68.4b ($13.2b)
Loans ($23.2b) ($6.8b) ($23.1b) ($43.4b) ($20.4b) ($23.7b) ($74.7b) ($25.4b) ($24.6b) ($82.0m)
Securities sold but not yet purchased $3.7b $336.0m $2.0b ($2.5b) $3.0b $3.5b $7.5b $2.2b ($8.8b) $19.6b
Securities lent or sold under repurchase agreements ($82.0m) $16.5b $452.0m $20.4b $824.0m $12.9b $810.0m ($5.1b) $3.8b $23.2b
Securities borrowed or purchased under resale agreements $2.8b ($10.9b) ($3.0b) ($19.4b) ($7.1b) ($289.0m) ($954.0m) ($885.0m) $5.5b ($17.7b)
Securitization and structured entities' liabilities $628.0m $762.0m $1.9b $2.1b ($378.0m) ($968.0m) $1.0b ($122.0m) $12.7b $11.5b
Net (decrease) in liabilities of subsidiaries $3.1b ($87.0m) $2.2b ($1.2b) ($8.1b) — $6.9b $2.1b ($12.1b) ($945.0m)
Proceeds from issuance of preferred shares, net of issuance costs (Note 16) $600.0m $900.0m $400.0m $1.0b $1.2b — $2.2b $648.0m $2.4b $1.4b
Redemption of preferred shares (Note 16) — ($500.0m) ($300.0m) — — ($1.0b) ($1.5b) $0 ($1.2b) ($500.0m)
Net proceeds from issuance of common shares (Note 16) $137.0m $149.0m $88.0m $54.0m — $112.0m $3.1b $3.3b $67.0m $146.0m
Net sale of treasury shares (Note 16) — — — — — — — $14.0m $1.0m $12.0m
Repayment of lease liabilities — — — — ($331.0m) ($327.0m) ($294.0m) ($353.0m) ($357.0m) ($321.0m)
Interest bearing deposits with banks $3.0b ($2.2b) ($1.6b) $329.0m ($979.0m) $144.0m $3.3b $1.7b $515.0m $854.0m
Purchases of securities, other than trading ($28.9b) ($30.4b) ($46.7b) ($63.5b) ($86.7b) ($49.6b) ($96.6b) ($50.1b) ($87.0b) ($78.7b)
Maturities of securities, other than trading $7.0b $5.9b $14.8b $13.2b $20.0b $27.4b $21.2b $20.9b $27.3b $37.2b
Proceeds from sales of securities, other than trading $16.3b $24.4b $23.6b $31.6b $36.9b $22.7b $42.8b $23.2b $36.2b $42.9b
Net purchases of premises and equipment and software (Notes 8 and 10) ($224.0m) ($301.0m) ($330.0m) ($478.0m) ($399.0m) ($484.0m) ($777.0m) ($885.0m) ($1.6b) ($1.7b)
Interest received in the year $14.3b $15.6b $18.9b $24.0b $21.6b $18.3b $24.0b $52.1b $63.1b $61.1b
Beginning Cash Position — — — — — — $93.3b $87.5b $77.9b $65.1b
Cash Flow From Continuing Financing Activities — — — — — — $16.0b $268.0m ($15.1b) ($8.7b)
Cash Flow From Continuing Investing Activities — — — — — — ($29.5b) ($21.2b) ($24.5b) $605.0m
Change In Account Payable — — — — — ($366.0m) $1.3b — — —
Change In Income Tax Payable — — — — — $143.0m $156.0m — — —
Change In Other Current Assets — — — — — ($539.0m) $328.0m — — —
Change In Other Current Liabilities — — — — — $143.0m $156.0m — — —
Change In Other Working Capital — — — — — — $63.3b $34.2b $16.4b ($20.9b)
Change In Payable — — — — — ($223.0m) $1.5b — — —
Change In Payables And Accrued Expense — — — — — ($223.0m) $1.5b — — —
Change In Receivables — — — — — ($464.0m) ($842.0m) ($990.0m) $257.0m —
Change In Tax Payable — — — — — $143.0m $156.0m — — —
Change In Working Capital — — — — — — ($10.6b) $2.0b $13.7b ($4.0b)
Changes In Account Receivables — — — — — $75.0m ($1.2b) — — —
Changes In Cash — — — — — — ($8.5b) ($11.3b) ($12.9b) $2.2b
End Cash Position — — — — — — $87.5b $77.9b $65.1b $67.5b
Financing Cash Flow — — — — — — $16.0b $268.0m ($15.1b) ($8.7b)
Free Cash Flow — — — — — — $3.5b $7.9b $25.1b $8.5b
Gain Loss On Investment Securities — — — — — — ($282.0m) ($180.0m) ($201.0m) ($290.0m)
Gain Loss On Sale Of Business — — — — — $0 $29.0m $0 — —
Investing Cash Flow — — — — — — ($29.5b) ($21.2b) ($24.5b) $605.0m
Issuance Of Capital Stock — — — — — — $5.4b $4.0b $2.4b $1.5b
Net Business Purchase And Sale — — — — — $63.0m $1.2b ($15.1b) $0 —
Net Intangibles Purchase And Sale — — — — — ($499.0m) ($671.0m) ($792.0m) — —
Net PPE Purchase And Sale — — — — — — ($777.0m) ($1.7b) ($1.6b) ($1.7b)
Net Preferred Stock Issuance — — — — — — $745.0m $648.0m $1.1b $865.0m
Operating Gains Losses — — — — — — ($252.0m) ($365.0m) ($407.0m) ($462.0m)
Other Non Cash Items — — — — — $140.0m $96.0m — — —
Preferred Stock Issuance — — — — — — $2.2b $648.0m $2.4b $1.4b
Preferred Stock Payments — — — — — — ($1.5b) $0 ($1.2b) ($500.0m)
Purchase Of Business — — — — — $0 $0 ($15.1b) $0 —
Purchase Of Intangibles — — — — — ($499.0m) ($671.0m) ($792.0m) — —
Purchase Of PPE — — — — — — ($777.0m) ($1.7b) ($1.6b) ($1.7b)
Repurchase Of Capital Stock — — — — — — ($1.5b) $0 ($1.2b) ($3.9b)
Sale Of Business — — — — — $63.0m $1.2b $0 — —
Profit or Loss — — $5.5b $5.8b $5.1b $7.8b $13.5b $4.4b $7.3b $8.7b
Net Investment Purchase And Sale — — — — — — ($32.6b) ($6.1b) ($23.5b) $1.5b
Purchase Of Investment — — — — — — ($96.6b) ($50.1b) ($87.0b) ($78.7b)
Sale Of Investment — — — — — — $64.0b $44.1b $63.5b $80.2b
Net cash provided by (used in) investing activities ($15.3b) ($3.2b) ($11.3b) ($19.6b) ($32.0b) ($299.0m) ($29.5b) ($21.2b) ($24.5b) $605.0m
Proceeds from issuance of subordinated debt (Note 15) $2.2b $850.0m $2.7b $1.0b $1.2b $1.0b $2.3b $1.1b $1.0b $1.2b
Issuance Of Debt — — — — — — $14.8b $9.2b $1.0b $1.2b
Long Term Debt Issuance — — — — — — $14.8b $9.2b $1.0b $1.2b
Net Issuance Payments Of Debt — — — — — — $7.8b ($3.1b) ($357.0m) ($321.0m)
Net Long Term Debt Issuance — — — — — — $7.8b ($3.1b) ($357.0m) ($321.0m)
Repayment of subordinated debt (Note 15) ($2.2b) ($100.0m) ($900.0m) ($1.0b) — ($2.2b) ($850.0m) ($1.2b) ($1.0b) ($1.2b)
Long Term Debt Payments — — — — — — ($7.0b) ($12.3b) ($1.4b) ($1.6b)
Repayment Of Debt — — — — — — ($7.0b) ($12.3b) ($1.4b) ($1.6b)
Common Stock Issuance — — — — — — $3.1b $3.4b $68.0m $158.0m
Net Common Stock Issuance — — — — — — $3.1b $3.4b $68.0m ($3.2b)
Common Stock Payments — — — — — $0 ($17.0m) — $0 ($3.4b)
Dividends Paid Classified As Financing Activities — — $3k $3k $2k $3k $3k $3k $4k $5k
Cash dividends and distributions paid ($2k) ($2k) ($3k) ($3k) ($2k) ($3k) ($3k) ($3k) ($4k) ($5k)
Dividends received in the year $1k $2k $1k $2k $2k $2k $2k $2k $2k $2k
Cash Dividends Paid — — — — — — ($2.6b) ($2.7b) ($3.8b) ($5.0b)
Net Other Financing Charges — — — — — — $6.9b $2.1b ($12.1b) ($948.0m)
Net cash (used in) financing activities $8.0b $2.0b $2.7b ($2.6b) ($10.3b) ($5.1b) $16.0b $268.0m ($17.4b) ($8.7b)
Effect of Exchange Rate Changes on Cash and Cash Equivalents $1.4b ($803.0m) $227.0m ($450.0m) $47.0m ($2.8b) $2.7b $1.8b $75.0m $214.0m
Effect Of Exchange Rate Changes — — — — — — $2.7b $1.8b $75.0m $214.0m
Net increase (decrease) in cash and cash equivalents ($8.6b) $946.0m $9.5b $6.7b $8.6b $35.9b ($5.8b) ($9.5b) ($12.8b) $2.4b
Cash and cash equivalents at beginning of year $31.7b $32.6b $42.1b $48.8b $57.4b $93.3b $87.5b $77.9b $65.1b $67.5b
Change In Cash Supplemental As Reported — — — — — — ($5.8b) ($9.5b) ($12.8b) $2.4b
Interest Paid Classified As Operating Activities $4.6b $5.8b $8.8b $13.0b $9.7b $5.9b $9.6b $33.7b $45.1b $43.1b
Income Taxes Paid Refund Classified As Operating Activities $1.2b $1.3b $1.3b $1.2b $1.5b $2.2b $2.4b $2.6b $2.5b $2.8b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.