← HSBC HOLDINGS PLC

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 — — — — — — $15.6b $23.5b $24.0b $22.3b
Net Income From Continuing Operations — — — — — — $17.1b $30.3b $32.3b $29.9b
Adjustments For Depreciation And Amortisation Expense And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss $5.2b $1.9b $1.9b $10.5b $5.2b $4.3b $3.9b $3.5b $4.1b $4.9b
Depreciation — — — — — — $3.9b $3.5b $4.1b $4.9b
Depreciation, amortisation and impairment $5.2b $1.9b $1.9b $10.5b $5.2b $4.3b $3.9b $3.5b $4.1b $4.9b
Adjustments For Deferred Tax Of Prior Periods $112.0m ($85.0m) ($3.0m) $198.0m $261.0m ($43.0m) $396.0m $35.0m ($91.0m) ($410.0m)
Adjustments For Share-Based Payments $534.0m $500.0m $450.0m $478.0m $433.0m $467.0m $400.0m $482.0m $529.0m $621.0m
Change in expected credit losses gross of recoveries and other credit impairment charges $4.1b $2.6b $2.3b $3.0b $9.1b ($519.0m) $3.9b $3.7b $3.7b $4.2b
Impairment of interest in associate — — — — — $0 $0 $3.0b $0 $1.0b
Share-based payment expense $534.0m $500.0m $450.0m $478.0m $433.0m $467.0m $400.0m $482.0m $529.0m $621.0m
Additional Financial Items
(Gain)/loss on acquisition/disposal of subsidiaries, businesses, associates and joint ventures $1.7b ($79.0m) $0 ($929.0m) $0 $0 $2.6b ($1.8b) $1.7b $93.0m
Adjustments For Current Tax Of Prior Period $144.0m $149.0m $37.0m $79.0m ($183.0m) $68.0m ($280.0m) ($19.0m) $31.0m $324.0m
Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates ($1.7b) $79.0m $0 $929.0m $0 $0 ($2.6b) — ($1.7b) ($93.0m)
Adjustments For Unrealised Foreign Exchange Losses Gains $15.4b ($21.3b) $7.3b ($3.7b) ($25.7b) $18.9b $49.1b ($10.7b) $26.7b ($34.7b)
Beginning Cash Position — — — — — — $574.0b $521.7b $490.9b $434.9b
Change In Other Current Assets — — — — — — ($12.9b) ($10.3b) $7.7b ($38.4b)
Change In Other Current Liabilities — — — — — — $6.0b $8.7b ($1.6b) $4.1b
Change In Working Capital — — — — — — ($52.2b) $19.4b $9.7b $30.8b
Change in deposits by banks and customer accounts ($8.9b) $102.2b ($5.7b) $79.2b $226.7b $95.7b ($91.2b) $45.0b $44.2b $168.9b
Change in financial assets designated and otherwise mandatorily measured at fair value ($1.2b) ($5.3b) ($1.5b) ($2.3b) ($2.0b) ($4.3b) $8.3b ($10.0b) ($20.7b) ($23.4b)
Change in financial liabilities designated at fair value $17.8b $8.5b $4.5b $20.1b ($6.6b) ($11.4b) ($13.6b) $10.1b ($2.2b) $46.1b
Change in loans and advances to banks and customers $52.9b ($109.0b) ($44.1b) ($53.8b) ($14.1b) ($11.0b) $31.8b ($14.1b) $7.3b ($74.1b)
Change in net trading securities and derivatives $4.4b ($10.9b) $10.7b ($18.9b) $13.2b ($9.2b) $20.2b ($63.2b) ($41.4b) ($38.6b)
Change in other assets ($6.6b) ($6.6b) $4.0b ($21.9b) ($19.6b) $19.9b ($10.8b) ($10.3b) $7.7b ($38.4b)
Change in other liabilities $8.8b $13.5b ($2.6b) $23.1b $20.3b ($10.9b) $16.0b $8.7b ($1.6b) $4.1b
Change in repurchase agreements – non-trading $8.6b $41.0b $35.9b ($25.5b) ($28.4b) $14.8b $4.3b $43.4b $8.7b $24.1b
Change in reverse repurchase agreements – non-trading ($13.1b) ($37.3b) ($40.5b) ($7.4b) $9.9b $552.0m ($23.4b) ($2.1b) ($4.2b) ($32.3b)
Changes In Cash — — — — — — ($14.3b) ($41.4b) ($37.7b) ($29.3b)
Contributions paid to defined benefit plans ($726.0m) ($685.0m) ($332.0m) ($533.0m) ($495.0m) ($509.0m) ($194.0m) ($208.0m) ($167.0m) ($147.0m)
Elimination of exchange differences $15.4b ($21.3b) $7.3b ($3.7b) ($25.7b) $18.9b $49.1b ($10.7b) $26.7b ($34.7b)
End Cash Position — — — — — — $521.7b $490.9b $434.9b $432.9b
Financing Cash Flow — — — — — — ($6.3b) ($17.6b) ($26.5b) ($22.0b)
Free Cash Flow — — — — — — $14.9b $35.4b $61.4b $25.1b
Gain Loss On Investment Securities — — — — — — $11.0m $1.2b $180.0m $2.6b
Gain Loss On Sale Of Business — — — — — — $2.6b ($1.8b) $1.7b $93.0m
Gain Loss On Sale Of PPE — — — — — — $0 $0 $0 $0
Interest Received Classified As Operating Activities — — — — — — — — $110.1b $99.6b
Investing Cash Flow — — — — — — ($27.4b) ($62.9b) ($76.6b) ($37.1b)
Issuance Of Capital Stock — — — — — — $0 $2.0b $3.6b $4.1b
Issue of ordinary share capital and other equity instruments $2.0b $5.2b $6.0b $0 $1.5b $2.0b $0 $2.0b $3.6b $4.1b
Net Business Purchase And Sale — — — — — — ($989.0m) ($453.0m) ($2.7b) ($325.0m)
Net Foreign Currency Exchange Gain Loss — — — — — — $48.7b ($10.7b) $26.7b ($34.7b)
Net Intangibles Purchase And Sale — — — — — — ($3.1b) ($2.5b) ($2.5b) ($3.2b)
Net PPE Purchase And Sale — — — — — — ($1.3b) ($1.1b) ($1.3b) ($1.4b)
Net Preferred Stock Issuance — — — — — — ($2.3b) ($4.0b) ($3.4b) ($2.5b)
Net cash flow from change in stake of subsidiaries — — — — $0 $0 ($197.0m) ($19.0m) $0 ($154.0m)
Net cash flows from disposal of loan portfolio and customer accounts $9.2b $6.8b ($204.0m) $1.1b $1.4b $3.1b ($3.5b) $623.0m $0 $0
Net cash inflow on acquisition/disposal of subsidiaries, businesses, associates and joint ventures — — — — — — $0 $1.2b $9.9b $1.1b
Net cash outflow on acquisition/disposal of subsidiaries, businesses, associates and joint ventures — — — — — — ($989.0m) ($1.7b) ($12.6b) ($1.5b)
Net investment in intangible assets ($906.0m) ($1.3b) ($1.8b) ($2.3b) ($2.1b) ($2.5b) ($3.1b) ($2.5b) ($2.5b) ($3.2b)
Net loss from investing activities ($1.2b) ($1.2b) ($126.0m) ($399.0m) ($541.0m) ($647.0m) $11.0m $1.2b $180.0m $2.6b
Other Non Cash Items — — — — — — ($774.0m) ($4.3b) ($5.3b) ($4.7b)
Other non-cash items included in profit before tax ($207.0m) ($381.0m) ($1.3b) ($2.3b) ($906.0m) $510.0m ($1.1b) ($4.3b) ($5.3b) ($4.7b)
Parent Company $12.2b $12.2b $12.3b $12.5b $2.0b $6.4b $7.0b $12.2b $17.1b $13.5b
Payments To Acquire Or Redeem Entitys Shares $0 $3.0b $2.0b $1.0b $0 — — — $11.3b $9.1b
Preferred Stock Payments — — — — — — ($2.3b) ($4.0b) ($3.4b) ($2.5b)
Profit before tax $7.1b $17.2b $19.9b $13.3b $8.8b $18.9b $17.5b $30.3b $32.3b $29.9b
Provisionand Write Offof Assets — — — — — — $4.5b $7.0b $4.0b $7.3b
Provisions including pensions $2.5b $917.0m $1.9b $2.4b $1.2b $1.1b $635.0m $266.0m $299.0m $2.1b
Purchase Of Business — — — — — — ($989.0m) ($1.7b) ($12.6b) ($1.5b)
Purchase Of Intangible Assets Classified As Investing Activities $906.0m $1.3b $1.8b $2.3b $2.1b $2.5b $3.1b $2.5b $2.5b $3.2b
Purchase Of PPE — $1.2b $1.2b $1.3b $1.4b ($1.1b) ($1.3b) $1.1b $1.3b $1.4b
Redemption of preference shares and other equity instruments ($1.8b) $0 ($6.1b) $0 ($398.0m) ($3.5b) ($2.3b) ($4.0b) ($3.4b) ($2.5b)
Repurchase Of Capital Stock — — — — — — ($4.6b) ($10.4b) ($15.3b) ($12.7b)
Sale Of Business — — — — — — $0 $1.2b $9.9b $1.1b
Share buy-backs $0 ($3.0b) ($2.0b) ($1.0b) $0 — ($2.3b) ($5.8b) ($11.3b) ($9.1b)
Share of profit in associates and joint ventures ($2.4b) ($2.4b) ($2.5b) ($2.4b) ($1.6b) ($3.0b) ($2.7b) ($2.8b) ($2.9b) ($2.9b)
Stock Based Compensation — — — — — — $400.0m $482.0m $529.0m $621.0m
Subordinated loan capital issued $2.6b $0 $0 $0 $0 $0 $7.3b $5.2b $4.4b $3.8b
Subordinated loan capital repaid ($595.0m) ($3.6b) ($4.1b) ($4.2b) ($3.5b) ($864.0m) ($1.8b) ($2.1b) ($2.0b) ($3.6b)
– cash and balances at central banks $128.0b $180.6b $162.8b $154.1b $304.5b $403.0b $327.0b $285.9b $267.7b $242.9b
– cash collateral, net settlement accounts and items in course of collection from/transmission to other banks — $10.9b $14.1b $12.4b $17.2b $11.2b $19.4b $15.8b $9.8b $2.2b
– loans and advances to banks of one month or less9 $77.3b $82.8b $47.9b $41.6b $51.8b $55.7b $72.3b $76.6b $69.8b $74.4b
– reverse repurchase agreements with banks of one month or less $55.6b $58.9b $59.6b $65.4b $65.1b $76.7b $68.7b $64.3b $58.3b $71.8b
– treasury bills, other bills and certificates of deposit less than three months $14.6b $15.4b $30.6b $20.1b $30.0b $28.5b $26.7b $33.3b $27.3b $41.2b
Profit or Loss $3.4b $11.9b $15.0b $8.7b $6.1b $14.7b $16.7b $24.6b $25.0b $23.1b
Capital Expenditure — — — — — — ($4.4b) ($3.7b) ($3.9b) ($4.7b)
Net cash flows from the purchase and sale of property, plant and equipment ($1.2b) ($1.2b) ($1.2b) ($1.3b) ($1.4b) ($1.1b) ($1.3b) ($1.1b) ($1.3b) ($1.4b)
Net Investment Purchase And Sale — — — — — — ($18.5b) ($59.4b) ($70.0b) ($32.1b)
Net purchases of own shares for market-making and investment purposes — ($67.0m) $133.0m $141.0m ($181.0m) ($1.4b) ($91.0m) ($614.0m) ($541.0m) ($1.1b)
Purchase Of Investment — — — — — — ($511.1b) ($563.6b) ($523.5b) ($502.4b)
Purchase of financial investments ($457.1b) ($357.3b) ($383.5b) ($445.9b) ($496.7b) ($493.0b) ($520.6b) ($563.6b) ($523.5b) ($502.4b)
Proceeds from the sale and maturity of financial investments $430.1b $418.4b $370.4b $413.2b $477.0b $521.2b $495.0b $504.2b $453.5b $470.3b
Sale Of Investment — — — — — — $492.6b $504.2b $453.5b $470.3b
Net cash from investing activities ($15.1b) $65.6b ($16.3b) ($35.3b) ($22.4b) $27.5b ($34.5b) ($62.9b) ($76.6b) ($37.1b)
Cash flows from financing activities:
Change in debt securities in issue ($23.0b) ($1.4b) $18.8b $19.3b ($9.1b) ($16.9b) $12.5b $11.9b $11.9b ($5.6b)
Issuance Of Debt — — — — — — $7.3b $5.2b $4.4b $3.8b
Long Term Debt Issuance — — — — — — $7.3b $5.2b $4.4b $3.8b
Net Issuance Payments Of Debt — — — — — — $5.5b $3.1b $2.4b $243.0m
Net Long Term Debt Issuance — — — — — — $5.5b $3.1b $2.4b $243.0m
Long Term Debt Payments — — — — — — ($1.8b) ($2.1b) ($2.0b) ($3.6b)
Repayment Of Debt — — — — — — ($1.8b) ($2.1b) ($2.0b) ($3.6b)
Common Stock Issuance — — — — — — $0 $2.0b $3.6b $4.1b
Net Common Stock Issuance — — — — — — ($2.4b) ($4.4b) ($8.3b) ($6.1b)
Common Stock Payments — — — — — — ($2.4b) ($6.4b) ($11.9b) ($10.2b)
Cash Dividends Paid — — — — — — ($7.0b) ($10.5b) ($15.3b) ($11.6b)
Common Stock Dividend Paid — — — — — — ($7.0b) ($10.5b) ($15.3b) ($11.6b)
Dividend Received CFO — — — — — — $944.0m $1.1b $1.1b $1.0b
Dividends Paid Classified As Financing Activities $9.2b $9.0b $10.8b $9.8b $2.0b $6.4b $7.0b $12.2b $17.1b $13.5b
Dividends Paid Ordinary Shares Per Share $0.51 $0.51 $0.51 $0.51 $0.00 $0.22 $0.27 $0.53 $0.82 $0.66
Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners — $4k $4k $4k — — — — — —
Dividends paid $12.2b $12.2b $12.3b $12.5b $2.0b $6.4b $7.0b $12.2b $17.1b $13.5b
Dividends received from associates $689 $740 $910 $633 $761 $808 $944 $1k $1k $1k
Net Other Financing Charges — — — — — — ($197.0m) ($1.1b) ($1.1b) ($1.3b)
Net cash from financing activities ($8.9b) ($10.4b) ($16.8b) ($14.8b) ($4.6b) ($10.8b) ($6.3b) ($17.6b) ($26.5b) ($22.0b)
Effect Of Exchange Rate Changes — — — — — — ($38.0b) $10.6b ($18.3b) $27.2b
Net decrease in cash and cash equivalents $45.0b $44.6b ($26.7b) ($20.4b) $155.1b $121.1b ($14.3b) ($41.4b) ($37.7b) ($29.3b)
Cash and cash equivalents at 1 Jan $274.6b $337.4b $301.1b $293.7b $468.3b $574.0b $521.7b $490.9b $434.9b $432.9b
Exchange differences in respect of cash and cash equivalents ($14.3b) $18.2b ($9.7b) $1.2b $19.4b ($15.3b) ($38.0b) $10.6b ($18.3b) $27.2b
– cash and cash equivalents held for sale — — — — $0 $0 $8.1b $15.9b $2.0b $387.0m
Change In Cash Supplemental As Reported — — — — — — ($14.3b) ($41.4b) ($37.7b) ($29.3b)
Interest Paid Classified As Operating Activities ($9.2b) ($9.0b) ($10.8b) ($9.8b) ($2.0b) ($6.4b) ($7.0b) ($12.2b) $81.7b $68.8b
Income Taxes Paid Refund Classified As Operating Activities $3.3b $3.2b $3.4b $2.3b $4.3b $3.1b $2.8b $4.1b $6.6b $5.1b

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.