INTERNATIONAL BANCSHARES CORPORATION
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $412.3M | $409.2M | $411.8M | $300.2M | $253.9M | $167.3M | $205.1M | $215.9M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $23.3M | $22.5M | $21.9M | $21.8M | $25.0M | $28.3M | $28.3M | $25.9M |
| Amortization | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $104.0K | $214.0K | $330.0K | $449.0K | $506.0K | $743.0K | $980.0K | $1.0M |
| Net Cash from Operating Activities | $491.1M | $473.9M | $474.4M | $387.9M | $291.7M | $305.1M | $311.6M | $229.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $18.1M | $14.1M | $27.5M | $19.2M | $10.4M | $6.7M | $29.6M | $21.4M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-591.7M | $-985.1M | $-1.07B | $-992.0M | $-915.9M | $-343.7M | $-318.1M | $379.4M |
| Financing Activities | ||||||||
| Dividends Paid | $87.1M | $82.1M | $78.2M | $75.4M | $72.8M | $69.9M | $68.7M | $49.6M |
| Stock Repurchases | $4.6M | $963.0K | $4.6M | $52.0M | $716.0K | $48.9M | $17.8M | $19.0M |
| Net Cash from Financing Activities | $284.5M | $212.7M | $-843.9M | $-517.4M | $1.84B | $1.78B | $-53.5M | $-557.8M |
| Net Change in Cash | $183.8M | $-298.4M | $-1.44B | $-1.12B | $1.21B | $1.74B | $-60.0M | $51.4M |
| Free Cash Flow | $472.9M | $459.8M | $446.9M | $368.7M | $281.3M | $298.4M | $282.0M | $208.5M |