First Horizon Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $982.0M | $775.0M | $897.0M | $900.0M | $999.0M | $845.0M | $441.0M | $545.0M |
| Depreciation & Amortization | $64.0M | $101.0M | $102.0M | $85.0M | $45.0M | $46.0M | $65.0M | $59.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $38.0M | $44.0M | $47.0M | $51.0M | $56.0M | $40.0M | $25.0M | $26.0M |
| Stock-Based Compensation | $61.0M | $59.0M | $36.0M | $75.0M | $43.0M | $32.0M | $22.0M | $23.0M |
| Net Cash from Operating Activities | $628.0M | $1.27B | $1.30B | $2.29B | $725.0M | $172.0M | $830.0M | $234.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $33.0M | $44.0M | $37.0M | $28.0M | $37.0M | $379.0M | $49.0M | $38.0M |
| Business Acquisitions | — | — | — | — | — | $-2.07B | $0 | $46.0M |
| Net Cash from Investing Activities | $-1.09B | $-1.06B | $-2.61B | $8.33B | $-4.60B | $-4.97B | $-2.39B | $480.0M |
| Financing Activities | ||||||||
| Dividends Paid | $314.0M | $332.0M | $335.0M | $324.0M | $333.0M | $222.0M | $171.0M | $139.0M |
| Stock Repurchases | $918.0M | $626.0M | $10.0M | $12.0M | $416.0M | $4.0M | $134.0M | $105.0M |
| Net Cash from Financing Activities | $524.0M | $-404.0M | $1.49B | $-10.87B | $4.02B | $5.18B | $1.42B | $-761.0M |
| Net Change in Cash | $58.0M | $-194.0M | $188.0M | $-245.0M | $140.0M | $381.0M | $-138.0M | $-46.7M |
| Free Cash Flow | $595.0M | $1.22B | $1.26B | $2.26B | $688.0M | $-207.0M | $781.0M | $196.0M |