SHINHAN FINANCIAL GROUP CO LTD

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 $4.8t $4.5t $4.6t $5.1t
Net Income (Loss) Attributable to Parent $4.7t $4.4t $4.5t $5.0t
Net Income (Loss) Available to Common Stockholders, Basic $4.7t $4.4t $4.5t $5.0t
Net Income (Loss) Attributable to Noncontrolling Interest
Depreciation and amortization $999.7b $1.2t $1.3t $1.3t
Amortization of Debt Issuance Costs and Discounts
Amortization of Intangible Assets
Depreciation and other amortization (Note 42) $259.9b $253.3b $301.9b $677.2b $768.5b $902.7b $1.1t $1.2t $1.3t $1.3t
Amortization Cash Flow $225.9b $279.1b $308.3b
Amortization Of Intangibles $225.9b $279.1b $308.3b
Depreciation Amortization Depletion $999.7b $1.2t $1.3t $1.3t
Deferred Income Tax Expense (Benefit)
Deferred Income Tax $1.6t $1.5t $1.5t $1.8t
Deferred Tax $1.6t $1.5t $1.5t $1.8t
Gain (Loss) on Disposition of Property Plant Equipment ($252.1b) ($155.2b) ($142.9b) ($270.4b) ($279.7b) ($334.9b) ($326.5b) ($261.4b) ($263.8b) ($258.7b)
Income Tax Expense (Benefit)
Other Nonoperating Income (Expense) $51.8b ($52.8b) ($50.3b) ($188.0b) ($335.4b)
Interest expense (Note 36) $4.0t $4.0t $5.0t $6.0t $4.9t $4.0t $7.6t $16.8t $17.8t $16.3t
Income tax expense (Note 46) $1.5t $1.6t $1.5t $1.5t $1.8t
Equity method loss (income), net (Note 16) ($10.0b) ($20.4b) ($17.5b) ($53.3b) ($159.5b) ($158.6b) ($121.7b) ($125.1b) $23.8b ($221.2b)
Earnings (Loss)es From Equity Investments ($121.7b) ($125.1b) $23.8b ($221.2b)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets
Provision for Loan, Lease, and Other Losses $1.1t $816.6b
Increase (Decrease) in Other Operating Liabilities
Gain (Loss) on Sales of Loans, Net
Adjustments For Current Tax Of Prior Period ($36.4b) ($23.3b) ($3.3b)
Adjustments For Unrealised Foreign Exchange Losses Gains ($248.8b) ($87.4b) $377.6b $148.0b ($232.7b) ($21.1b) $68.9b $4.4b ($107.3b)
Foreign Currency Transaction Gain (Loss), before Tax
Foreign Currency Transaction Gain (Loss), Unrealized
General and Administrative Expense
Goodwill $3.9t $3.9t $3.9t $4.7t $4.7t $4.7t $4.7t $4.7t $4.7t
Increase Decrease In Working Capital $5.3t
Interest Received Classified As Operating Activities $11.1t $11.4t $13.2t $15.2t $14.6t $14.3t $19.2t $26.4t $28.5t
Payments Of Lease Liabilities Classified As Financing Activities $269.4b $781.9b $275.3b $259.9b $262.1b $272.6b
Payments To Acquire Or Redeem Entitys Shares $152.0b $444.1b $150.2b $79.0m $300.0b $485.9b $700.0b
Proceeds From Disposal Or Maturity Of Availableforsale Financial Assets $29.2t $29.6t
Proceeds From Issuing Shares $1.2t $0 $0
Financing Receivable, Credit Loss, Expense (Reversal)
Purchase Of Intangible Assets Classified As Investing Activities $88.9b $111.3b $157.2b $318.9b $362.4b $555.3b $616.6b $454.8b $514.9b
Stock or Unit Option Plan Expense
Profit for the year $4.1t $4.8t $4.5t $4.6t $5.1t
Interest income (Note 36) ($11.2t) ($11.8t) ($13.6t) ($15.7t) ($14.8t) ($14.7t) ($20.1t) ($27.6t) ($29.2t) ($28.0t)
Net fees and commission expense (Note 37) $166.2b $169.6b $176.9b $126.0b $187.3b $124.5b $126.7b $307.5b $330.9b $378.3b
Net insurance income (Note 29) $2.1t $1.7t $1.4t $404.3b ($1.1t) ($983.2b) ($1.1t)
Net insurance finance expense (Note 30) $0 ($808.0b) $516.1b $99.4b $1.2t
Net gain on financial instruments at fair value through profit or loss (Note 39) ($74.9b) ($427.6b) $136.2b ($174.3b) $541.8b ($1.2t) ($678.7b) ($846.0b)
Net gain on derivatives (Note 11) ($388.9b) ($245.7b) $64.1b $719.8b ($292.5b) ($82.2b) ($510.5b)
Net loss (gain) on foreign currency translation ($248.8b) ($87.4b) $377.6b $148.0b ($232.7b) ($21.1b) $68.9b $4.4b ($107.3b) ($284.8b)
Net loss (gain) on financial instruments designated at fair value through profit or loss (Note 40) $147.8b $231.8b ($382.7b) $33.9b ($241.1b) ($423.9b) ($806.7b) ($54.3b) $35.6b ($43.4b)
Net loss (gain) on disposal of securities at fair value through other comprehensive income (Note 12) ($152.3b) ($273.8b) ($85.6b) $127.4b $129.6b ($60.3b) ($193.6b)
Provision for allowance for credit loss (Notes 41) $747.9b $980.7b $1.4t $974.7b $1.3t $2.2t $2.0t $2.0t
Net loss (gain) on disposal of securities at amortized cost (Note 12) $9.0m ($66.0m) $25.0m $319.0m $101.0m ($251.0m) $23.2b $56.0m
Employee benefit (Note 27) $188.3b $175.5b $221.3b $195.0b $145.9b $157.7b $238.8b
Other operating expense (Note 44) $70.2b $602.0b ($278.3b) $305.8b $202.2b $457.4b $427.4b $859.1b $687.4b $815.2b
Other non-operating expense (Note 45) $598.0m ($29.1b) $3.1b $148.1b $153.4b $447.1b ($437.2b) $200.4b $323.6b $265.4b
Sub-total ($2.6t) ($6.1t) ($12.6t) ($544.9b) ($11.1t) $3.6t ($256.4b) ($8.8t) ($5.3t) $259.2b
Due from banks at amortized cost $0 $6.0t ($10.1t) ($4.9t) $9.6t ($1.1t) $1.3t ($408.3b) $731.1b
Securities at fair value through profit or loss $0 ($3.1t) ($4.0t) ($7.1t) ($2.9t) $5.5t ($7.4t) ($159.6b) ($2.9t)
Deposits at fair value through profit or loss $0 ($82.0b) $73.9b $862.0b $92.9b $0 $0 ($5.4b) $1.1b
Loans at fair value through profit or loss $0 ($422.3b) ($943.3b) $132.2b $341.1b ($721.7b) $621.0b ($138.0b) $380.8b
Financial instruments designated at fair value through profit or loss ($2.4b) ($1.3t) $723.0b $0 ($708.6b) ($9.5b) $1.1t ($726.5b) $379.4b ($1.9t)
Derivative instruments ($340.8b) ($488.7b) $203.0b $58.5b ($65.3b) $14.5b $726.2b ($336.8b) ($83.3b) $378.3b
Loans at amortized cost $0 ($27.5t) ($18.8t) ($32.9t) ($28.7t) ($24.1t) ($5.7t) ($35.0t) ($17.1t)
Insurance contract assets $0 $299.0m ($10.4b) $5.0b $4.9b
Reinsurance contract assets $0 ($72.3b) ($4.3b) ($96.4b) ($418.7b)
Other assets ($4.6t) ($250.8b) ($5.2t) ($4.5t) ($7.9t) ($6.9t) $152.7b ($6.4t) $2.0t ($20.9t)
Deposits $16.8t $15.6t $16.7t $29.1t $33.1t $36.9t $18.3t ($1.4t) $38.9t $24.1t
Net defined benefit liabilities ($261.6b) ($178.1b) ($145.6b) ($263.9b) ($243.4b) ($261.8b) ($341.7b) $7.3b ($246.3b) ($413.1b)
Provisions ($77.5b) ($69.6b) $14.5b $28.4b $51.6b ($25.5b) ($59.4b) ($424.5b) ($505.5b) ($169.3b)
Insurance contract liabilities $0 ($903.0b) ($1.2t) ($916.1b) ($409.8b)
Reinsurance contract liabilities $0 ($201.5b) ($31.3b) $936.0m ($226.2b)
Investment contract liabilities $0 ($907.0b) ($671.2b) ($467.7b) $332.2b
Other liabilities ($2.3t) $4.8t $174.6b $7.9t $8.5t ($4.5t) $211.7b $13.5t ($8.6t) $18.7t
Interest received $11.1t $11.4t $13.2t $15.2t $14.6t $14.3t $19.2t $26.4t $28.5t $27.0t
Proceeds from disposal of financial instruments at fair value through profit or loss $3.7t $4.5t $4.4t $5.2t $3.8t $5.8t $4.6t
Acquisition of financial instruments at fair value through profit or loss ($6.7t) ($5.0t) ($5.4t) ($6.0t) ($5.4t) ($7.0t) ($5.0t)
Proceeds from disposal of securities at fair value through other comprehensive income $0 $27.1t $36.3t $53.0t $30.0t $21.5t $36.7t $44.6t $51.0t
Acquisition of securities at fair value through other comprehensive income $0 ($27.0t) ($46.9t) ($52.7t) ($37.6t) ($23.5t) ($36.7t) ($44.5t) ($61.7t)
Proceeds from disposal of securities at amortized cost $0 $2.1t $6.7t $5.9t $5.2t $5.4t $4.3t $7.6t $7.1t
Acquisition of securities at amortized cost $0 ($5.8t) ($12.2t) ($7.6t) ($7.3t) ($13.1t) ($6.4t) ($5.1t) ($5.5t)
Proceeds from disposal of intangible assets (Notes 15 and 45) $8.3b $9.3b $3.6b $24.8b $5.3b $15.9b $23.0b $25.0b $8.1b $14.4b
Acquisition of intangible assets (Note 15) ($88.9b) ($111.3b) ($157.2b) ($318.9b) ($362.4b) ($555.3b) ($616.6b) ($454.8b) ($514.9b) ($378.4b)
Proceeds from disposal of investments in associates (Note 16) $67.1b $163.6b $189.1b $182.6b $266.3b $357.4b $516.7b $377.5b $326.4b $601.0b
Acquisition of investments in associates (Note 16) ($145.1b) ($380.2b) ($227.9b) ($669.3b) ($776.8b) ($588.8b) ($657.8b) ($428.4b) ($662.1b) ($240.0b)
Net cash inflow from loss of control $0 $0 $98.3b
Net cash outflow from acquisition of control $0 $0 ($947.2b)
Proceeds from disposal of investment property (Notes 17 and 45) $22.9b $4.9b $15.4b $86.4b $113.0b $276.0m $259.5b $166.8b $5.3b $9.1b
Acquisition of investment property (Note 17) ($176.2b) ($2.1b) ($115.3b) ($2.8b) ($243.8b) ($8.3b) ($6.9b) ($5.4b) ($3.2b) ($4.6b)
Proceeds from disposal of assets held for sale $2.2b $10.5b $4.5b $137.0m $2.0b $47.8b $624.8b $3.7b $0 $48.9b
Change in other assets ($264.6b) $11.2b ($220.6b) ($238.9b) $2.0b $31.7b ($5.3b)
Proceeds from settlement of hedging derivative financial instruments $10.7b $1.7t $851.4b $1.2t $2.4t $1.5t $2.8t $2.7t
Payment of settlement of hedging derivative financial instruments ($16.8b) ($1.7t) ($807.7b) ($1.2t) ($2.3t) ($1.5t) ($237.0b) ($265.7b)
Net cash flows from business combinations ($2.2t) ($73.1b) $0 ($27.8b) $0 $0 ($124.0b)
Issuance of hybrid bonds $0 $224.5b $1.1t $199.5b $448.7b $1.2t $997.1b $897.6b $797.9b $797.9b
Redemption of hybrid bonds ($240.0b) ($300.0b) $0 $0 $0 $0 ($135.0b) ($1.2t) ($200.0b) ($650.0b)
Net change in borrowings $3.4t $3.0t $1.8t $5.0t $7.5t $849.2b $6.1t $8.2t ($8.2t) $5.1t
Increase in financial liabilities designated at fair value through profit or loss $0 $0 $50.0b $210.0b $0 $100.0b
Decrease in financial liabilities designated at fair value through profit or loss $0 $0 ($50.0b)
Changes in other liabilities ($33.6b) ($30.5b) $83.1b $239.6b $164.6b ($61.8b) ($95.6b)
Payments of settlement of hedging derivative financial instruments ($2.3t) ($1.5t) ($2.7t) ($2.6t)
Acquisition of treasury stock $0 $0 ($152.0b) ($444.1b) ($150.2b) ($79.0m) ($300.0b) ($485.9b) ($700.0b) ($1.3t)
Disposal of treasury stock $0 $0 $161.9b $0 $0 $297.0m $0
Expense for retirement of treasury stock ($81.0m) ($102.0m) ($69.0m)
Increase (decrease) in non-controlling interests ($451.2b) $215.4b $347.0m $312.4b $566.7b ($85.0b) $382.9b ($205.2b) $54.7b ($547.4b)
Repayments of lease liabilities $0 $0 ($269.4b) ($781.9b) ($275.3b) ($259.9b) ($262.1b) ($272.6b) ($281.5b)
Conversion costs for preferred stock to common stock $0 $0 ($75.0m) $0 $0
Beginning Cash Position $24.6t $24.4t $30.4t $35.2t
Cash Flow From Continuing Financing Activities $3.4t $9.8t ($182.7b) $1.3t
Cash Flow From Continuing Investing Activities ($10.7t) ($4.3t) $148.5b ($10.9t)
Change In Other Current Assets ($2.1t) ($6.4t) $2.0t ($20.9t)
Change In Other Current Liabilities $1.8t $13.5t ($8.6t) $18.7t
Change In Other Working Capital $22.5t ($10.9t) $36.4t $19.2t
Change In Working Capital ($2.6t) ($8.8t) ($5.3t) $259.2b
Changes In Cash ($112.8b) $6.0t $4.6t $77.7b
End Cash Position $24.4t $30.4t $35.2t $35.3t
Financing Cash Flow $3.4t $9.8t ($182.7b) $1.3t
Free Cash Flow $6.2t ($186.4b) $3.8t $9.1t
Gain Loss On Investment Securities $411.2b ($1.2t) ($680.2b) ($1.1t)
Interest Received CFO $19.1t $26.4t $28.5t $27.0t
Investing Cash Flow ($10.7t) ($4.3t) $148.5b ($10.9t)
Issuance Of Capital Stock $0 $0 $297.0m $0
Net Business Purchase And Sale ($27.8b) $0 $0 ($973.0b)
Net Foreign Currency Exchange Gain Loss $44.3b $4.4b ($107.3b) ($284.8b)
Net Intangibles Purchase And Sale ($593.5b) ($429.8b) ($506.8b) ($364.0b)
Net PPE Purchase And Sale ($233.0b) ($245.3b) ($257.2b) ($250.9b)
Net Preferred Stock Issuance $0 $0
Operating Gains Losses $1.1t ($1.5t) ($817.9b) ($2.0t)
Other Cash Adjustment Outside Changein Cash $0 $0 ($3.3b)
Other Non Cash Items ($10.7t) ($10.0t) ($10.9t) ($10.1t)
Pension And Employee Benefit Expense $178.9b $145.9b $157.7b $238.8b
Preferred Stock Issuance $0 $0
Purchase Of Business ($27.8b) $0 $0 ($1.1t)
Purchase Of Intangibles ($616.6b) ($454.8b) ($514.9b) ($378.4b)
Purchase Of PPE $155.2b $142.9b $270.4b $279.7b $334.9b ($326.5b) ($261.4b) ($263.8b) ($258.7b)
Repurchase Of Capital Stock ($300.1b) ($486.0b) ($700.1b) ($1.3t)
Sale Of Business $0 $0 $98.3b
Sale Of Intangibles $23.0b $25.0b $8.1b $14.4b
Sale Of PPE $93.5b $16.2b $6.7b $7.7b
Profit or Loss $2.8t $2.9t $3.2t $3.6t $3.5t $4.1t $4.7t $4.5t $4.6t
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement ($29.0m) ($306.0m)
Gain (Loss) on Derivative Instruments, Net, Pretax ($245.7b)
Other Operating Income (Expense), Net $42.0b $100.9b ($530.2b) ($716.9b) ($741.2b)
Net Cash Provided by (Used in) Operating Activities $3.8t $1.0t ($6.3t) $7.2t ($4.4t) $11.1t $7.6t $529.8b $4.6t $9.7t
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($943.1b) ($716.2b) ($778.8b) ($637.1b)
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities $5.8b $11.5b $39.2b $51.9b $248.0b $20.1b $93.5b $16.2b $6.7b ($258.7b)
Payments to Acquire Businesses, Net of Cash Acquired $4.3b ($83.6b) $4.5b $2.2t $73.1b
Net Investment Properties Purchase And Sale $252.6b $161.4b $2.1b $4.6b
Net Investment Purchase And Sale ($10.5t) ($3.8t) $878.7b ($9.4t)
Purchase Of Investment ($43.6t) ($49.0t) ($57.6t) ($72.6t)
Purchase Of Investment Properties ($6.9b) ($5.4b) ($3.2b) ($4.6b)
Sale Of Investment $33.1t $45.3t $58.4t $63.3t
Sale Of Investment Properties $259.5b $166.8b $5.3b $9.1b
Payments for (Proceeds from) Other Investing Activities
Net Other Investing Changes $386.0b $5.6b $31.7b $43.6b
Net cash inflow (outflow) from investing activities ($7.6t) ($10.7t) ($5.5t) ($22.7t) ($3.0t) ($12.0t) ($11.0t) ($4.3t) $148.5b ($10.9t)
Net Cash Provided by (Used in) Investing Activities
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale
Proceeds from Issuance of Long-term Debt
Proceeds from debt securities issued $15.9t $20.0t $26.5t $31.1t $21.5t $28.6t $39.5t $47.7t $54.7t $44.5t
Redemption of debt securities issued ($12.0t) ($12.2t) ($14.7t) ($19.9t) ($21.5t) ($24.1t) ($41.8t) ($43.8t) ($45.1t) ($45.2t)
Issuance Of Debt $45.7t $55.8t $54.7t $49.6t
Long Term Debt Issuance $45.7t $55.8t $54.7t $49.6t
Net Issuance Payments Of Debt $3.6t $11.8t $1.1t $4.1t
Net Long Term Debt Issuance $3.6t $11.8t $1.1t $4.1t
Repayments of Long-term Debt
Long Term Debt Payments ($42.0t) ($44.1t) ($53.6t) ($45.5t)
Repayment Of Debt ($42.0t) ($44.1t) ($53.6t) ($45.5t)
Common Stock Issuance $0 $0 $297.0m $0
Net Common Stock Issuance ($300.1b) ($486.0b) ($699.8b) ($1.3t)
Common Stock Payments ($300.1b) ($486.0b) ($700.1b) ($1.3t)
Proceeds from (Payments to) Noncontrolling Interests ($451.2b) $215.4b $347.0m $312.4b $566.7b
Dividends paid $631.0b $687.6b $687.6b $753.0b $883.9b $803.8b $747.7b $455.2b $268.7b ($1.3t)
Payments of Dividends $631.0b $687.6b $687.6b $753.0b $883.9b $803.8b $747.7b $455.2b $268.7b
Dividends Paid Classified As Financing Activities $669.1b $706.6b $714.7b $830.8b $968.8b $1.2t $1.5t $1.5t $1.3t
Dividends Paid Ordinary Shares Per Share $1,450.00 $1,450.00 $1,600.00
Other Interest and Dividend Income
Dividend income (Note 38) ($281.6b) ($257.3b) ($87.8b) ($82.2b) ($98.0b) ($124.5b) ($142.5b) ($181.5b) ($239.1b) ($209.7b)
Dividends received $309.9b $265.9b $63.8b $35.7b $80.7b $100.9b $89.0b $186.9b $222.9b $198.0b
Cash Dividends Paid ($1.5t) ($1.5t) ($1.3t) ($1.3t)
Dividend Received CFO $128.7b $186.9b $222.9b $198.0b
Net Other Financing Charges $1.6t ($49.0b) $710.1b ($296.3b)
Net cash inflow (outflow) from financing activities $4.8t $10.3t $13.8t $15.9t $7.9t $5.0t $3.4t $9.8t ($182.7b) $1.3t
Net Cash Provided by (Used in) Financing Activities
Effect of exchange rate changes on cash and cash equivalents held ($22.6b) ($46.0b) ($30.6b) $29.4b ($61.5b) $109.6b ($57.8b) ($15.4b) $238.5b ($26.9b)
Effect Of Exchange Rate Changes ($59.0b) ($15.4b) $238.5b ($26.9b)
Increase in cash and cash equivalents $1.0t $604.1b $1.9t $399.4b $383.8b $4.1t ($102.0b) $6.0t $4.8t $50.9b
Cash and cash equivalents included in assets held for sale $0 $0 ($3.3b)
Cash and cash equivalents at the beginning of the year $5.6t $6.2t $8.2t $8.6t $9.0t $13.1t $24.0t $30.4t $35.2t $35.3t
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported ($171.7b) $6.0t $4.8t $50.9b
Interest Paid Classified As Operating Activities ($4.1t) ($3.7t) $5.1t $5.8t $5.3t $4.1t $6.8t $13.1t $15.2t ($14.7t)
Income Taxes Paid, Net ($561.6b) ($664.3b) ($850.7b) ($1.1t) ($1.2t) ($1.1t) ($1.7t) ($1.9t) ($1.0t) ($1.1t)
Income Taxes Paid Refund Classified As Operating Activities ($561.6b) ($664.3b) $850.7b $1.1t $1.2t $1.1t $1.7t $1.9t $1.0t ($1.1t)

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