PNC Financial Services Group, Inc. (PNC) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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PNC Financial Services Group, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $1,505,000,000.00Other assets → Operating adjustments reconciliation: $1,580,000,000.00Accrued expenses and other liabilities → Operating adjustments reconciliation: $371,000,000.00Changes in fair value of mortgage servicing rights → Operating adjustments reconciliation: $274,000,000.00Provision For Credit Losses → Operating adjustments reconciliation: $243,000,000.00Loans held for sale and related securitization activity → Operating adjustments reconciliation: $220,000,000.00Depreciation, amortization and accretion → Operating adjustments reconciliation: $21,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $1,782,000,000.00Operating adjustments reconciliation → Trading securities and other short-term investments: $662,000,000.00Operating adjustments reconciliation → Other operating activities, net: $196,000,000.00Operating adjustments reconciliation → Deferred income taxes (benefit): $68,000,000.00Operating adjustments reconciliation → Net losses on sales of securities: $1,000,000.00Interest-bearing deposits → financing reconciliation: $7,529,000,000.00Senior debt → financing reconciliation: $2,493,000,000.00Other borrowed funds → financing reconciliation: $633,000,000.00Other borrowed funds → financing reconciliation: $182,000,000.00Noninterest-bearing deposits → financing reconciliation: $117,000,000.00Federal funds purchased and repurchase agreements → financing reconciliation: $67,000,000.00Common and treasury stock → financing reconciliation: $27,000,000.00financing reconciliation → Net cash from financing activities: $2,400,000,000.00financing reconciliation → Federal Home Loan Bank borrowings: $7,000,000,000.00financing reconciliation → Common stock cash dividends paid: $646,000,000.00financing reconciliation → Senior debt: $600,000,000.00financing reconciliation → Other borrowed funds: $190,000,000.00financing reconciliation → Acquisition of treasury stock: $130,000,000.00financing reconciliation → Preferred stock cash dividends paid: $82,000,000.00Net cash used in investing activities → investing reconciliation: $3,782,000,000.00Securities held to maturity → investing reconciliation: $3,919,000,000.00Securities available for sale → investing reconciliation: $2,302,000,000.00Securities available for sale → investing reconciliation: $564,000,000.00Loans → investing reconciliation: $378,000,000.00Loans → investing reconciliation: $138,000,000.00investing reconciliation → Securities available for sale: $9,255,000,000.00investing reconciliation → Federal funds sold and resale agreements: $773,000,000.00investing reconciliation → Loans: $730,000,000.00investing reconciliation → Other investing activities, net: $230,000,000.00investing reconciliation → Securities held to maturity: $95,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $39,281,000,000.00Net cash from operating activities → Cash sources and uses: $3,287,000,000.00Net cash from financing activities → Cash sources and uses: $2,400,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $41,186,000,000.00Cash sources and uses → Net cash used in investing activities: $3,782,000,000.00Loans held for sale and related securitization activity: $220,000,000.00Loans held for sale, net+$220.00 MProvision For Credit Losses: $243,000,000.00Provision For Credit Losses+$243.00 MOther assets: $1,580,000,000.00Other operating assets+$1.58 BTrading securities and other short-term investments: -$662,000,000.00Trading securities, net−$662.00 MDepreciation, amortization and accretion: $21,000,000.00Depreciation & amortization+$21.00 MDeferred income taxes (benefit): -$68,000,000.00Deferred income taxes−$68.00 MNet income: $1,505,000,000.00Net income+$1.51 BChanges in fair value of mortgage servicing rights: $274,000,000.00Mortgage servicing rights FV+$274.00 MAccrued expenses and other liabilities: $371,000,000.00Accrued & other liabilities+$371.00 MOther operating activities, net: -$196,000,000.00Other working capital, net−$196.00 MNet losses on sales of securities: -$1,000,000.00AFS securities gain & loss−$1.00 MGain on Visa shares exchange program: $0.00Net cash from operating activities: $3,287,000,000.00Operating cash+$3.29 BOperating adjustments reconciliation: $2,709,000,000.00Other borrowed funds: $182,000,000.00Other borrowed funds+$182.00 MOther borrowed funds: -$190,000,000.00Other borrowed funds−$190.00 MOther borrowed funds: $633,000,000.00Short-term debt ≤3 months, net+$633.00 MPreferred stock cash dividends paid: -$82,000,000.00Preferred dividends paid−$82.00 MFederal Home Loan Bank borrowings: -$7,000,000,000.00Federal Home Loan Bank borrowings−$7.00 BSenior debt: -$600,000,000.00Senior debt−$600.00 MSenior debt: $2,493,000,000.00Senior debt+$2.49 BSubordinated debt: $0.00Common and treasury stock: $27,000,000.00Common and treasury stock+$27.00 MNoninterest-bearing deposits: $117,000,000.00Noninterest-bearing deposits+$117.00 MAcquisition of treasury stock: -$130,000,000.00Common stock repurchases−$130.00 MCommon stock cash dividends paid: -$646,000,000.00Common dividends paid−$646.00 MInterest-bearing deposits: $7,529,000,000.00Interest-bearing deposits+$7.53 BFederal funds purchased and repurchase agreements: $67,000,000.00Federal funds & repo+$67.00 MNet cash from financing activities: $2,400,000,000.00Financing cash+$2.40 Bfinancing reconciliation: $11,048,000,000.00Other investing activities, net: -$230,000,000.00Other investing, net−$230.00 MSecurities available for sale: $2,302,000,000.00AFS securities maturities+$2.30 BLoans: $138,000,000.00Investment loan sales+$138.00 MSecurities available for sale: $564,000,000.00Securities available for sale+$564.00 MFederal funds sold and resale agreements: -$773,000,000.00Federal funds & resale, net−$773.00 MLoans: -$730,000,000.00Investment loan purchases−$730.00 MLoans: $378,000,000.00Loans+$378.00 MSecurities held to maturity: -$95,000,000.00HTM securities purchases−$95.00 MSecurities available for sale: -$9,255,000,000.00AFS securities purchases−$9.26 BSecurities held to maturity: $3,919,000,000.00HTM securities maturities+$3.92 BNet cash used in investing activities: -$3,782,000,000.00. Cash required to fund net payments.Investing cash−$3.78 Binvesting reconciliation: $11,083,000,000.00Cash sources and uses: $44,968,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $39,281,000,000.00Beginning cash$39.28 BEnding cash: Cash, cash equivalents, and restricted cash: $41,186,000,000.00Ending cash$41.19 BCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flowNot availableCash flow / Net income2.18×Operating cash flow ÷ net incomeNet cash change+$1.91 BEnding cash − beginning cash
Chart details

PNC Financial Services Group, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
39,281,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
3,287,000,000 US dollars. Net cash provided.
Loans held for sale and related securitization activity
220,000,000 US dollars
Provision For Credit Losses
243,000,000 US dollars
Other assets
1,580,000,000 US dollars
Trading securities and other short-term investments
negative 662,000,000 US dollars
Depreciation, amortization and accretion
21,000,000 US dollars
Deferred income taxes (benefit)
negative 68,000,000 US dollars
Net income
1,505,000,000 US dollars
Changes in fair value of mortgage servicing rights
274,000,000 US dollars
Accrued expenses and other liabilities
371,000,000 US dollars
Other operating activities, net
negative 196,000,000 US dollars
Net losses on sales of securities
negative 1,000,000 US dollars
Gain on Visa shares exchange program
0 US dollars
Investing activities
negative 3,782,000,000 US dollars. Net cash used.
Other investing activities, net
negative 230,000,000 US dollars
Securities available for sale
2,302,000,000 US dollars
Loans
138,000,000 US dollars
Securities available for sale
564,000,000 US dollars
Federal funds sold and resale agreements
negative 773,000,000 US dollars
Loans
negative 730,000,000 US dollars
Loans
378,000,000 US dollars
Securities held to maturity
negative 95,000,000 US dollars
Securities available for sale
negative 9,255,000,000 US dollars
Securities held to maturity
3,919,000,000 US dollars
Financing activities
2,400,000,000 US dollars. Net cash provided.
Other borrowed funds
182,000,000 US dollars
Other borrowed funds
negative 190,000,000 US dollars
Other borrowed funds
633,000,000 US dollars
Preferred stock cash dividends paid
negative 82,000,000 US dollars
Federal Home Loan Bank borrowings
negative 7,000,000,000 US dollars
Senior debt
negative 600,000,000 US dollars
Senior debt
2,493,000,000 US dollars
Subordinated debt
0 US dollars
Common and treasury stock
27,000,000 US dollars
Noninterest-bearing deposits
117,000,000 US dollars
Acquisition of treasury stock
negative 130,000,000 US dollars
Common stock cash dividends paid
negative 646,000,000 US dollars
Interest-bearing deposits
7,529,000,000 US dollars
Federal funds purchased and repurchase agreements
67,000,000 US dollars
Operating adjustment reconciliation
2,709,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
11,048,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
11,083,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Sep 30, 2024
41,186,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
44,968,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,905,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.18×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.78B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
PNC Financial Services Group, Inc. (PNC) FY2024 Q3 Statement of Cash Flows Sankey chart
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