← PNC FINANCIAL SERVICES GROUP, INC.

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:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $6.1b $5.6b $6.0b $7.0b
Net Income (Loss) Available to Common Stockholders, Basic $3.7b $5.1b $5.0b $5.1b $2.7b $5.4b $5.7b $5.1b $5.5b $6.6b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — $3.0b $5.7b $6.0b $5.6b — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — $3.0b $5.7b $6.1b $5.6b — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — $4.6b — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest $82.0m $50.0m $45.0m $49.0m — — — $69.0m $64.0m $61.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $4.0b $5.4b $5.3b $5.4b $7.6b $5.7b $6.1b $5.6b $6.0b $7.0b
Amortization $46.0m $56.0m $78.0m $109.0m $115.0m $122.0m $130.0m $138.0m $139.0m $151.0m
Depreciation $683.0m $743.0m $754.0m $778.0m $791.0m $844.0m $899.0m $900.0m $912.0m $1.0b
Depreciation Amortization Depletion — — — — — — $651.0m $217.0m $259.0m $381.0m
Depreciation, Depletion and Amortization $843.0m $921.0m $940.0m $1.0b $983.0m $1.1b $1.1b $1.1b $259.0m $381.0m
Depreciation, amortization and accretion $1.2b $1.1b $1.1b $1.3b $1.5b $1.8b $651.0m $217.0m $259.0m $381.0m
Deferred Income Tax — — — — — — $351.0m ($252.0m) ($30.0m) ($40.0m)
Deferred Income Tax Expense (Benefit) $326.0m ($403.0m) $133.0m $303.0m ($401.0m) $178.0m $351.0m ($252.0m) ($30.0m) ($40.0m)
Deferred Tax — — — — — — $351.0m ($252.0m) ($30.0m) ($40.0m)
Deferred income taxes (benefit) $326.0m ($403.0m) $133.0m $303.0m ($2.2b) $178.0m $351.0m ($252.0m) ($30.0m) ($40.0m)
Asset Impairment Charge — — — — — — ($543.0m) $298.0m $154.0m $492.0m
Goodwill, Impairment Loss — — — — $0 $0 $0 $0 $0 $0
Share-based Payment Arrangement, Noncash Expense $200.0m $200.0m — — — — — — — —
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — — — — — $439.0m $792.0m $741.0m $660.0m
Gain (Loss) on Disposition of Business — — — — $5.7b — — — — —
Income (Loss) from Equity Method Investments $361.0m $727.0m $525.0m $531.0m — — — — — —
Income Tax Expense (Benefit) $1.3b $102.0m $1.1b $1.1b $426.0m $1.3b $1.4b $1.1b $1.3b $1.5b
Leased assets obtained in exchange for new operating lease liabilities — — — $317.0m $122.0m $337.0m $326.0m $237.0m $247.0m $431.0m
Operating Lease, Lease Income — — — $117.0m $95.0m $75.0m $63.0m $46.0m $26.0m $33.0m
Changes in operating assets and liabilities:
Additional Financial Items
Accrued expenses and other liabilities $652.0m ($704.0m) $295.0m $132.0m ($254.0m) $753.0m $599.0m $507.0m ($1.4b) ($1.6b)
Acquisition of treasury stock ($2.1b) ($2.4b) ($2.9b) ($3.6b) ($1.6b) ($1.1b) ($3.7b) ($651.0m) ($687.0m) ($1.3b)
Adjustment to assets and liabilities related to partially financed investment exits — — — — — — — $834.0m $0 $0
Beginning Cash Position — — — — — — $82.3b $34.4b $50.7b $46.3b
Cash Flow From Continuing Financing Activities — — — — — — $3.4b ($3.9b) ($9.1b) $4.7b
Cash Flow From Continuing Investing Activities — — — — — — ($60.4b) $10.1b ($3.2b) ($15.6b)
Change In Accrued Expense — — — — — — $599.0m $507.0m ($1.4b) ($1.6b)
Change In Other Current Assets — — — — — — ($877.0m) $2.3b $896.0m $1.7b
Change In Other Working Capital — — — — — — $433.0m ($767.0m) $41.0m ($4.0b)
Change In Payables And Accrued Expense — — — — — — $599.0m $507.0m ($1.4b) ($1.6b)
Change In Working Capital — — — — — — $1.2b $2.3b ($587.0m) ($4.9b)
Changes In Cash — — — — — — ($47.9b) $16.4b ($4.5b) ($6.5b)
Changes in fair value of mortgage servicing rights $179.0m $323.0m $172.0m $645.0m $799.0m $85.0m ($543.0m) $298.0m $154.0m $492.0m
Common and treasury stock $151.0m $132.0m $69.0m $90.0m $65.0m $66.0m $68.0m $72.0m $69.0m $70.0m
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — $48.0m $305.0m $64.0m ($7.0m) ($2.0m) ($500.0m) ($9.0m)
Debt and Equity Securities, Gain (Loss) — — — — — — — — ($500.0m) ($9.0m)
End Cash Position — — — — — — $34.4b $50.7b $46.3b $39.7b
Equipment Expense $974.0m $1.1b $1.1b $1.2b $1.2b $1.4b $1.4b $1.4b $1.5b $1.6b
Federal Home Loan Bank advances $1.0b $11.0b $9.5b $12.0b $9.1b — $32.1b $6.0b ($19.0b) ($13.1b)
Federal funds purchased and repurchase agreements $18.0m ($148.0m) $392.0m $4.3b ($5.9b) ($46.0m) ($2.0m) $359.0m ($74.0m) $77.0m
Financing Cash Flow — — — — — — $3.4b ($3.9b) ($9.1b) $4.7b
Financing Receivable, Credit Loss, Expense (Reversal) — — — — $3.0b ($887.0m) — — — —
Free Cash Flow — — — — — — $9.1b $10.1b $7.9b $4.4b
Gain Loss On Investment Securities — — — — — — $7.0m $2.0m $500.0m $9.0m
Gain on Visa shares exchange program — — — — — — — $0 ($754.0m) $0
Goodwill $9.1b $9.2b $9.2b $9.2b $9.2b $10.9b $11.0b $10.9b $10.9b $11.0b
Increase (Decrease) in Other Operating Assets $644.0m ($757.0m) ($108.0m) $788.0m $927.0m $454.0m $877.0m ($2.3b) ($896.0m) ($1.7b)
Interest-bearing deposits $7.4b $8.3b $8.7b $21.9b $36.9b ($320.0m) $9.7b $8.3b $14.0b $15.0b
Investing Cash Flow — — — — — — ($60.4b) $10.1b ($3.2b) ($15.6b)
Issuance Of Capital Stock — — — — — — $2.3b $1.6b $69.0m $70.0m
Loans ($5.9b) ($10.5b) ($7.3b) ($15.0b) ($3.4b) ($1.9b) ($2.1b) ($10.2b) ($1.9b) ($2.3b)
Loans held for sale and related securitization activity ($935.0m) ($1.1b) $1.6b ($123.0m) ($372.0m) ($480.0m) $1.0b $210.0m ($151.0m) ($1.1b)
Net Preferred Stock Issuance — — — — — — $725.0m $484.0m ($500.0m) $0
Net change in federal funds sold and resale agreements $126.0m ($245.0m) ($5.8b) $4.9b $1.7b ($24.0m) ($718.0m) $573.0m ($387.0m) $448.0m
Net losses on sales of securities — — — — ($305.0m) ($64.0m) $7.0m $2.0m $500.0m $9.0m
Noninterest-bearing deposits $1.2b ($264.0m) ($6.0b) ($1.2b) $39.9b $6.7b ($30.7b) ($23.2b) ($8.7b) ($895.0m)
Operating Gains Losses — — — — — — $7.0m $2.0m $492.0m $31.0m
Other Non Cash Items — — — — — — $831.0m $1.2b $842.0m $708.0m
Other assets ($644.0m) $757.0m $108.0m ($788.0m) ($927.0m) ($454.0m) ($877.0m) $2.3b $896.0m $1.7b
Other borrowed funds ($541.0m) ($318.0m) ($548.0m) ($1.2b) ($639.0m) ($823.0m) ($807.0m) ($802.0m) $431.0m $0
Other changes in loans, net — — — ($15.0b) ($3.4b) $15.6b ($41.7b) $12.4b $5.1b ($14.7b)
Other operating activities, net $100.0m $350.0m $32.0m ($341.0m) $684.0m ($194.0m) $831.0m $1.2b $1.6b $708.0m
Parent Company $1.1b $1.3b $1.6b $1.9b $2.0b $2.1b $2.4b $2.5b $2.5b $2.6b
Preferred Stock Issuance — — — — — — $2.2b $1.5b $0 $0
Preferred Stock Payments — — — — — — ($1.5b) ($1.0b) ($500.0m) $0
Preferred stock $519.0m — — — — $1.5b $2.2b $1.5b $0 $0
Preferred stock redemption — ($1.0b) — — ($480.0m) — ($1.5b) ($1.0b) ($500.0m) $0
Provision For Credit Losses $433.0m $441.0m $408.0m $773.0m $3.2b ($779.0m) $477.0m $742.0m $789.0m $779.0m
Provision for Loan, Lease, and Other Losses $433.0m $441.0m $408.0m $773.0m — — — — — —
Repurchase Of Capital Stock — — — — — — ($5.2b) ($1.7b) ($1.2b) ($1.3b)
Securities available-for-sale — — — — — — ($25.6b) ($3.8b) ($30.4b) ($15.4b)
Securities held-to-maturity $3.2b $2.9b $2.4b $3.3b $60.0m $131.0m $5.1b $7.0b ($1.7b) ($6.7b)
Senior debt $5.6b $7.1b $3.2b $9.0b $3.5b $1.7b ($6.2b) ($750.0m) ($4.0b) ($2.8b)
Subordinated debt ($488.0m) ($2.8b) ($575.0m) ($700.0m) — — ($1.0b) ($1.5b) ($750.0m) ($1.2b)
Trading securities and other short-term investments ($1.2b) $305.0m ($893.0m) $560.0m $957.0m $671.0m $433.0m ($767.0m) $41.0m ($4.0b)
Transfer from loans to foreclosed assets $281.0m $215.0m $193.0m $174.0m $64.0m $27.0m $58.0m $56.0m $40.0m $49.0m
Transfer from loans to loans held for sale, net $606.0m $419.0m $403.0m $958.0m $1.4b $869.0m $435.0m $380.0m $122.0m $320.0m
Net Cash Provided by (Used in) Operating Activities $3.6b $5.7b $7.8b $7.4b $4.7b $7.2b $9.1b $10.1b $7.9b $4.4b
Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired — — — ($75.0m) — $10.5b — — — —
Net Investment Purchase And Sale — — — — — — ($18.4b) $8.3b ($5.5b) $2.7b
Purchase Of Investment — — — — — — ($41.0b) ($5.7b) ($32.1b) ($22.1b)
Sale Of Investment — — — — — — $22.6b $14.0b $26.6b $24.8b
Net Other Investing Changes — — — — — — ($3.0b) ($2.0b) ($1.1b) ($2.6b)
Other investing activities, net ($952.0m) ($1.3b) ($1.7b) ($705.0m) ($1.3b) ($2.7b) ($3.0b) ($1.9b) ($1.1b) ($2.6b)
Payments for (Proceeds from) Other Investing Activities $952.0m $1.3b $1.7b $705.0m $1.3b $2.7b $3.0b $1.9b $1.1b $2.6b
Net cash provided (used) by investing activities ($7.4b) ($15.0b) ($4.0b) ($25.0b) ($51.1b) ($2.8b) ($13.4b) ($6.4b) ($3.2b) ($15.6b)
Net Cash Provided by (Used in) Investing Activities — — ($4.0b) ($25.0b) ($51.1b) ($2.8b) ($13.4b) ($6.4b) ($3.2b) ($15.6b)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $38.0b $17.3b $13.4b $12.1b
Long Term Debt Issuance — — — — — — $38.0b $17.3b $13.4b $12.1b
Net Issuance Payments Of Debt — — — — — — $30.0b $13.6b ($10.3b) ($5.3b)
Net Long Term Debt Issuance — — — — — — $30.0b $13.6b ($10.3b) ($5.3b)
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $11.1b $10.7b $9.4b $12.0b $30.9b $30.7b $13.3b $6.9b $6.6b $6.7b
Long Term Debt Payments — — — — — — ($8.1b) ($3.7b) ($23.8b) ($17.4b)
Repayment Of Debt — — — — — — ($8.1b) ($3.7b) ($23.8b) ($17.4b)
Common Stock Issuance — — — — — — $68.0m $72.0m $69.0m $70.0m
Net Common Stock Issuance — — — — — — ($3.7b) ($579.0m) ($618.0m) ($1.3b)
Common Stock Payments — — — — — — ($3.7b) ($651.0m) ($687.0m) ($1.3b)
Payments for Repurchase of Common Stock $2.1b $2.4b $2.9b $3.6b $1.6b $1.1b $3.7b $651.0m $687.0m $1.3b
Payments of Ordinary Dividends, Common Stock $1k $1k $2k $2k $2k $2k $2k $2k $3k $3k
Cash Dividends Paid — — — — — — ($2.7b) ($2.9b) ($2.9b) ($2.9b)
Common Stock Dividend Paid — — — — — — ($2.4b) ($2.5b) ($2.5b) ($2.6b)
Common stock cash dividends paid ($1k) ($1k) ($2k) ($2k) ($2k) ($2k) ($2k) ($2k) ($3k) ($3k)
Other Interest and Dividend Income $412.0m $578.0m $741.0m $811.0m $339.0m $293.0m $915.0m $2.5b $2.9b $2.2b
Preferred Stock Dividend Paid — — — — — — ($301.0m) ($417.0m) ($352.0m) ($308.0m)
Preferred stock cash dividends paid ($209) ($236) ($236) ($236) ($229) ($233) ($301) ($417) ($352) ($308)
Net cash provided (used) by financing activities $4.6b $9.7b ($3.5b) $17.1b $48.4b ($3.4b) $3.4b ($3.9b) ($9.1b) $4.7b
Net Cash Provided by (Used in) Financing Activities — $9.7b ($3.5b) $17.1b $48.4b ($3.4b) $3.4b ($3.9b) ($9.1b) $4.7b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — ($547.0m) $2.0b $987.0m ($961.0m) ($122.0m) ($4.5b) ($6.5b)
Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash — $370.0m $359.0m ($547.0m) $2.0b $987.0m ($961.0m) ($122.0m) ($4.5b) ($6.5b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $7.0b $8.0b $7.0b $6.9b $46.3b $39.7b
Cash, cash equivalents and restricted cash at beginning of period — — $5.6b $5.1b $7.0b $8.0b $7.0b $6.9b $46.3b $39.7b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($47.9b) $16.4b ($4.5b) ($6.5b)
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.3b $1.7b $2.8b $3.7b $1.3b $582.0m $2.2b $9.5b $13.1b $11.2b
Income Taxes Paid, Net — — — — — $675.0m $197.0m $997.0m $434.0m $704.0m

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.