First Citizens BancShares, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.21B | $2.78B | $11.47B | $1.10B | $547.0M | $492.0M | $457.4M | $400.3M |
| Depreciation & Amortization | $314.0M | $276.0M | $225.0M | $142.0M | $107.0M | $109.0M | $103.8M | $96.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $54.0M | $63.0M | $57.0M | $23.0M | $12.0M | $15.0M | $23.9M | $23.6M |
| Stock-Based Compensation | $0 | $0 | $5.0M | $19.0M | $0 | $0 | — | — |
| Net Cash from Operating Activities | $2.92B | $2.99B | $2.66B | $2.79B | $-284.0M | $376.0M | $578.2M | $453.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $710.0M | $429.0M | $405.0M | $155.0M | $107.0M | $133.0M | $121.1M | $140.4M |
| Business Acquisitions | — | — | — | $-134.0M | $0 | $60.0M | $236.7M | $155.1M |
| Net Cash from Investing Activities | $-5.61B | $-10.16B | $2.43B | $75.0M | $-7.57B | $-9.91B | $-1.60B | $101.1M |
| Financing Activities | ||||||||
| Dividends Paid | $161.0M | $158.0M | $117.0M | $83.0M | $42.0M | $30.0M | $18.1M | $16.8M |
| Stock Repurchases | $3.03B | $1.65B | $0 | $1.24B | $0 | $334.0M | $453.1M | $163.1M |
| Net Cash from Financing Activities | $2.68B | $7.07B | $-4.70B | $-2.69B | $7.83B | $9.52B | $1.07B | $-563.6M |
| Net Change in Cash | $-13.0M | $-94.0M | $390.0M | $180.0M | $-24.0M | $-15.0M | $49.3M | $-8.7M |
| Free Cash Flow | $2.21B | $2.56B | $2.26B | $2.64B | $-391.0M | $243.0M | $457.2M | $313.3M |