← Banco Santander, S.A.

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 — — — — — — $9.6b $11.1b $12.6b $14.1b
Net Income From Continuing Operations — — — — — — $10.8b $12.2b $13.7b $15.5b
Depreciation Amortization Depletion — — — — — — $3.0b $3.1b $3.2b $3.2b
Depreciation And Amortization — — — — — — $3.0b $3.1b $3.2b $3.2b
Depreciation and amortisation cost $2.4b $2.6b $2.4b $3.0b $2.8b $2.8b $3.0b $3.2b $3.3b $3.2b
Additional Financial Items
Acquisition of own equity instruments $1.4b $1.3b $1.0b $928.0m $758.0m $1.6b $2.0b $3.1b $4.0b $4.1b
Beginning Cash Position — — — — — — $210.7b $223.1b $220.3b $192.2b
Cash $8.4b $8.6b $10.4b $8.8b $7.8b $8.1b $8.9b $8.6b $9.3b $7.4b
Cash Flow From Continuing Financing Activities — — — — — — ($10.0b) ($2.1b) ($5.5b) ($14.2b)
Cash Flow From Continuing Investing Activities — — — — — — ($3.9b) ($5.4b) ($3.7b) $534.0m
Change In Other Current Assets — — — — — — ($1.5b) $565.0m ($1.1b) ($237.0m)
Change In Other Current Liabilities — — — — — — ($5.6b) $503.0m ($7.0b) $298.0m
Change In Other Working Capital — — — — — — $5.6b ($30.0b) ($52.3b) ($56.8b)
Change In Working Capital — — — — — — ($1.5b) ($28.9b) ($60.4b) ($56.7b)
Changes In Cash — — — — — — $13.8b ($2.4b) ($33.4b) ($28.5b)
Disposal of own equity instruments $1.6b $1.3b $989.0m $947.0m $721.0m $854.0m $573.0m $825.0m $765.0m $815.0m
End Cash Position — — — — — — $223.1b $220.3b $192.2b $154.8b
Financial assets at amortized cost — — $61.3b $49.5b $43.5b $73.2b $105.6b $60.5b $46.0b $98.0b
Financial assets at fair value through other comprehensive income — — ($2.1b) $1.7b $6.5b ($9.2b) ($22.4b) ($4.5b) $10.2b ($6.7b)
Financial assets at fair value through profit or loss — $3.1b $16.3b $4.5b ($10.3b) ($32.7b) ($7.1b) $874.0m ($1.9b) $146.0m
Financial assets held-for-trading $6.2b ($18.1b) ($31.7b) $15.4b $12.4b $2.1b $30.8b $18.3b $62.5b $25.8b
Financial liabilities at amortized cost — — $60.7b $47.6b $96.6b $79.1b $55.6b $40.1b $34.2b $35.7b
Financial liabilities designated at fair value through profit or loss — $19.9b $8.3b ($8.9b) ($10.9b) ($14.3b) $25.6b ($11.0m) ($3.9b) $5.9b
Financial liabilities held-for-trading $8.0b $1.9b ($36.3b) $7.0b $7.9b ($1.4b) $29.5b $5.5b $34.3b $20.7b
Financing Cash Flow — — — — — — ($10.0b) ($2.1b) ($5.5b) ($14.2b)
Free Cash Flow — — — — — — $16.9b ($8.6b) ($34.8b) ($22.5b)
Goodwill $26.7b $25.8b $25.5b $24.2b $12.5b $12.7b $13.7b $14.0b $13.4b $12.0b
Intangible assets $1.8b $1.5b $1.5b $0 $0 $0 $0 $0 $0 $0
Interest Received Classified As Operating Activities — — — $55.3b $44.0b $48.1b $69.3b $101.0b $117.0b $109.8b
Investing Cash Flow — — — — — — ($3.9b) ($5.4b) ($3.7b) $534.0m
Investments $48.0m $8.0m $11.0m $686.0m $182.0m $672.0m $533.0m $814.0m $681.0m $749.0m
Issuance Of Capital Stock — — — — — — $573.0m $825.0m $765.0m $815.0m
Issuance of own equity instruments — $7.1b $0 $0 $0 $0 $0 $0 $0 $0
Less, bank overdrafts refundable on demand — $0 $0 $0 $0 $0 $0 $0 $0 $0
Net Business Purchase And Sale — — — — — — ($50.0m) ($389.0m) ($63.0m) ($133.0m)
Net Intangibles Purchase And Sale — — — — — — ($1.8b) ($2.2b) ($2.1b) ($1.8b)
Net PPE Purchase And Sale — — — — — — ($3.5b) ($4.4b) ($2.5b) ($648.0m)
Net increase/(decrease) in operating assets $18.0b $18.3b $51.5b $64.6b $51.4b $27.3b $108.8b $75.0b $118.0b $119.3b
Net increase/(decrease) in operating liabilities $13.1b $30.5b $27.3b $38.5b $90.4b $56.9b $107.2b $46.1b $57.6b $62.5b
Non-current assets held for sale and associated liabilities — $1.4b $9.7b $2.1b $785.0m $894.0m $1.1b $917.0m $988.0m $2.5b
Non-trading financial assets mandatorily at fair value through profit or loss — — $5.8b ($6.1b) ($275.0m) $969.0m $218.0m $286.0m $31.0m $1.9b
Other Non Cash Items — — — — — — $21.0b $23.9b $25.2b $28.2b
Other adjustments $19.7b $21.3b $19.3b $21.0b $35.0b $18.6b $21.0b $23.8b $25.1b $28.2b
Other financial assets $13.4b $15.0b $14.3b $16.9b $9.0b $9.4b $13.3b $11.8b $12.0b $9.6b
Other operating assets $4.4b ($1.5b) $1.9b ($457.0m) ($506.0m) ($7.1b) $1.5b ($565.0m) $1.1b $237.0m
Other operating liabilities ($3.2b) ($3.3b) ($5.4b) ($7.3b) ($3.2b) ($6.5b) ($3.5b) $503.0m ($7.0b) $298.0m
Parent Company — — — — $826.0m $2.0b $2.3b $3.0b $3.7b $4.2b
Payments $18.2b $10.1b $12.9b $12.2b $7.0b $7.7b $10.7b $10.2b $14.0b $17.7b
Payments To Acquire Or Redeem Entitys Shares — — — $0 $0 $0 $0 $0 — —
Proceeds $4.4b $6.1b $16.1b $2.0b $5.1b $6.4b $701.0m $8.1b $8.5b $3.5b
Proceeds From Issuing Shares — $7.1b — $0 $0 $0 $0 $0 $0 $0
Profit or loss for the year $7.5b $8.2b $9.3b $8.1b ($7.7b) $9.7b $10.8b $12.2b $13.7b $15.5b
Purchase Of Business — — — — — — ($784.0m) ($1.3b) ($71.0m) ($187.0m)
Purchase Of Intangible Assets Classified As Investing Activities $1.8b $1.5b $1.5b $1.4b $1.1b $1.4b $1.8b $2.2b $2.1b $1.8b
Purchase Of Intangibles — — — — — — ($1.8b) ($2.2b) ($2.1b) ($1.8b)
Purchase Of PPE — $7.5b $10.7b $12.8b $7.4b $10.0b ($9.1b) ($11.4b) ($8.5b) ($5.9b)
Redemption of own equity instruments — $0 $0 $0 $0 $0 $0 $0 $751.0m $0
Repurchase Of Capital Stock — — — — — — ($2.0b) ($3.1b) ($4.8b) ($4.1b)
Sale Of Business — — — — — — $734.0m $885.0m $8.0m $54.0m
Sale Of Intangibles — — — — — — $0 $0 $0 $0
Sale Of PPE — — — — — — $5.6b $7.1b $6.0b $5.2b
Subordinated liabilities $5.1b $2.0b $2.5b $1.1b $4.1b $5.3b $119.0m $7.0b $7.0b $2.3b
Subsidiaries and other business units $474.0m $838.0m $730.0m $218.0m $1.8b $6.0m $734.0m $885.0m $8.0m $54.0m
Tangible assets $6.6b $7.5b $10.7b $4.1b $2.0b $6.4b $5.6b $7.1b $6.0b $5.2b
Profit or Loss $7.5b $8.2b $9.3b $8.1b ($7.7b) $9.7b $10.8b $12.2b $13.7b $15.5b
CASH FLOWS FROM INVESTING ACTIVITIES ($13.8b) ($4.0b) $3.1b ($7.2b) ($7.2b) ($3.7b) ($3.9b) ($5.4b) ($3.7b) $534.0m
Capital Expenditure — — — — — — ($10.8b) ($13.6b) ($10.6b) ($7.7b)
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities $2.6b $3.2b $3.7b $4.1b $2.0b $6.4b $5.6b $7.1b $6.0b $5.2b
Net Investment Purchase And Sale — — — — — — $381.0m $675.0m ($5.0m) $670.0m
Purchase Of Investment — — — — — — ($152.0m) ($139.0m) ($686.0m) ($79.0m)
Sale Of Investment — — — — — — $533.0m $814.0m $681.0m $749.0m
Net Other Investing Changes — — — — — — $1.1b $917.0m $988.0m $2.5b
Other payments related to investing activities — $0 $0 $0 $0 $0 $0 $0 $0 $0
Other proceeds related to investing activities — $0 $0 $0 $0 $0 $0 $0 $0 $0
Cash flows from financing activities:
Issuance Of Debt — — — — — — $119.0m $7.0b $7.0b $2.3b
Long Term Debt Issuance — — — — — — $119.0m $7.0b $7.0b $2.3b
Net Issuance Payments Of Debt — — — — — — ($2.2b) $4.1b $2.9b ($6.5b)
Net Long Term Debt Issuance — — — — — — ($2.2b) $4.1b $2.9b ($6.5b)
Long Term Debt Payments — — — — — — ($2.3b) ($2.9b) ($4.1b) ($8.8b)
Repayment Of Debt — — — — — — ($2.3b) ($2.9b) ($4.1b) ($8.8b)
Common Stock Issuance — — — — — — $573.0m $825.0m $765.0m $815.0m
Net Common Stock Issuance — — — — — — ($1.5b) ($2.3b) ($4.0b) ($3.3b)
Common Stock Payments — — — — — — ($2.0b) ($3.1b) ($4.8b) ($4.1b)
Cash Dividends Paid — — — — — — ($1.8b) ($2.3b) ($3.0b) ($3.3b)
Dividends $2.3b $2.7b $3.1b $3.8b $0 $1.3b $1.8b $2.3b $3.0b $3.3b
Dividends Paid Classified As Financing Activities $2.3b $2.7b $3.1b $3.8b $0 $1.3b $1.8b $2.3b $3.0b $3.3b
Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners — $968.0m $1.1b — — — — — — —
Dividends paid — — — — $826.0m $2.0b $2.3b $3.0b $3.7b $4.2b
Net Other Financing Charges — — — — — — ($4.5b) ($1.6b) ($1.4b) ($1.1b)
Other payments related to financing activities $943.0m $1.8b $925.0m $2.3b $2.4b $2.1b $4.5b $1.9b $2.1b $1.5b
Other proceeds related to financing activities — $592.0m $0 $0 $253.0m $225.0m $9.0m $297.0m $769.0m $438.0m
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ($3.6b) ($5.8b) ($595.0m) $1.4b ($4.3b) $5.2b ($1.5b) ($322.0m) $5.2b ($8.9b)
Effect Of Exchange Rate Changes — — — — — — ($1.5b) ($322.0m) $5.2b ($8.9b)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS ($1.3b) $34.5b $2.7b ($12.6b) $52.8b $56.9b $12.4b ($2.7b) ($28.1b) ($37.4b)
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR $223.1b $220.3b $192.2b $154.8b
Cash equivalents at central banks $54.6b $87.4b $89.0b $75.4b $137.0b $193.1b $200.8b $199.9b $170.9b $135.3b
In which, restricted cash — $0 $0 $0 $0 $0 $0 $0 $0 $0
TOTAL CASH AND CASH EQUIVALENTS AT END OF PERIOD ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE $0 $0 $2.5b
TOTAL CASH AND CASH EQUIVALENTS AT END OF THE YEAR (EXCLUDING ENTITIES ON SOLD) $76.5b $111.0b $113.7b $101.1b $153.8b $210.7b $223.1b $220.3b $192.2b $152.3b
Change In Cash Supplemental As Reported — — — — — — $12.4b ($2.7b) ($28.1b) ($37.4b)
Interest Paid Classified As Operating Activities — — — $20.7b $13.7b $12.7b $23.4b $51.0b $61.1b $57.7b
Income Taxes Paid Refund Classified As Operating Activities $2.9b $4.1b $3.3b $2.6b $2.9b $4.0b $5.5b $5.2b $5.9b $5.0b

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.