STATE STREET CORPORATION (STT) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-12-31

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STATE STREET CORPORATION cash flow reconciliation, Jan 1, 2024 through Dec 31, 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. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net increase (decrease) in all other deposits → financing reconciliation: $40,971,000,000.00Proceeds from issuance of long-term debt, net of issuance costs → financing reconciliation: $6,523,000,000.00Net increase in other short-term borrowings → financing reconciliation: $6,180,000,000.00Proceeds from issuance of preferred stock, net of issuance costs → financing reconciliation: $2,323,000,000.00Net increase (decrease) in securities sold under repurchase agreements → financing reconciliation: $1,814,000,000.00financing reconciliation → Net cash from financing activities: $51,791,000,000.00financing reconciliation → Payments for long-term debt and obligations under finance leases: $2,046,000,000.00financing reconciliation → Payments for redemption of preferred stock: $1,500,000,000.00financing reconciliation → Repurchases of common stock: $1,319,000,000.00financing reconciliation → Payments for cash dividends: $1,033,000,000.00financing reconciliation → Repurchases of common stock for employee tax withholding: $83,000,000.00financing reconciliation → Other, net: $20,000,000.00financing reconciliation → Net (decrease) increase in time deposits: $19,000,000.00Proceeds from maturities of available-for-sale securities → investing reconciliation: $18,517,000,000.00Proceeds from sales of available-for-sale securities → investing reconciliation: $10,973,000,000.00Proceeds from maturities of held-to-maturity securities → investing reconciliation: $9,330,000,000.00Sale of loans → investing reconciliation: $246,000,000.00Net decrease (increase) in securities purchased under resale agreements → investing reconciliation: $13,000,000.00investing reconciliation → Purchases of available-for-sale securities: $44,301,000,000.00investing reconciliation → Net (increase) decrease in interest-bearing deposits with banks: $25,292,000,000.00investing reconciliation → Net increase in loans: $7,369,000,000.00investing reconciliation → Purchases of premises and equipment, net: $926,000,000.00investing reconciliation → Other, net: $332,000,000.00investing reconciliation → Business acquisitions, net of cash acquired: $194,000,000.00investing reconciliation → Purchases of equity investments and other long-term assets: $143,000,000.00investing reconciliation → Purchases of held-to-maturity securities: $5,000,000.00Net cash used in operating activities → operating reconciliation: $13,210,000,000.00Net income → operating reconciliation: $2,687,000,000.00Change in other assets, net → operating reconciliation: $1,672,000,000.00Change in accrued expenses and other liabilities, net → operating reconciliation: $743,000,000.00Other non-cash adjustments for depreciation, amortization and accretion, net → operating reconciliation: $375,000,000.00Other, net → operating reconciliation: $303,000,000.00Amortization of other intangible assets → operating reconciliation: $230,000,000.00Deferred income tax (benefit) → operating reconciliation: $145,000,000.00Losses related to investment securities, net → operating reconciliation: $79,000,000.00Provision for credit losses → operating reconciliation: $75,000,000.00Change in trading account assets, net → operating reconciliation: $5,000,000.00operating reconciliation → Change in collateral deposits, net: $12,109,000,000.00operating reconciliation → Change in unrealized (gains) losses on foreign exchange derivatives, net: $7,191,000,000.00operating reconciliation → Change in accrued interest and fees receivable, net: $224,000,000.00Net cash used in investing activities → investing reconciliation: $39,483,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $4,047,000,000.00Net cash from financing activities → Cash sources and uses: $51,791,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $3,145,000,000.00Cash sources and uses → Net cash used in investing activities: $39,483,000,000.00Cash sources and uses → Net cash used in operating activities: $13,210,000,000.00Net income: $2,687,000,000.00Net income+$2.69 BDeferred income tax (benefit): $145,000,000.00Deferred income taxes+$145.00 MAmortization of other intangible assets: $230,000,000.00Intangible amortization+$230.00 MOther non-cash adjustments for depreciation, amortization and accretion, net: $375,000,000.00Depreciation, amort. & accretion+$375.00 MChange in trading account assets, net: $5,000,000.00Trading securities, net+$5.00 MChange in accrued interest and fees receivable, net: -$224,000,000.00Other receivables−$224.00 MChange in collateral deposits, net: -$12,109,000,000.00Collateral deposits, net−$12.11 BChange in unrealized (gains) losses on foreign exchange derivatives, net: -$7,191,000,000.00Change in unrealized (gains) losses on foreignexchange derivatives, net−$7.19 BChange in other assets, net: $1,672,000,000.00Other operating assets+$1.67 BChange in accrued expenses and other liabilities, net: $743,000,000.00Other operating liabilities+$743.00 MOther, net: $303,000,000.00Other non-cash items+$303.00 MLosses related to investment securities, net: $79,000,000.00Realized investment gain & loss+$79.00 MProvision for credit losses: $75,000,000.00Provision for credit losses+$75.00 MNet cash used in operating activities: -$13,210,000,000.00. Cash required to fund net payments.Operating cash−$13.21 Boperating reconciliation: $19,524,000,000.00Net (decrease) increase in time deposits: -$19,000,000.00Net (decrease) increase in time deposits−$19.00 MRepurchases of common stock for employee tax withholding: -$83,000,000.00Stock repurchases for taxes−$83.00 MPayments for cash dividends: -$1,033,000,000.00Dividends paid−$1.03 BNet increase (decrease) in all other deposits: $40,971,000,000.00Other deposits, net+$40.97 BProceeds from issuance of long-term debt, net of issuance costs: $6,523,000,000.00Long-term debt issued+$6.52 BRepurchases of common stock: -$1,319,000,000.00Common stock repurchases−$1.32 BPayments for redemption of preferred stock: -$1,500,000,000.00Preferred stock redeemed−$1.50 BNet increase in other short-term borrowings: $6,180,000,000.00Other short-term debt, net+$6.18 BPayments for long-term debt and obligations under finance leases: -$2,046,000,000.00Debt & capital securities repaid−$2.05 BNet increase (decrease) in securities sold under repurchase agreements: $1,814,000,000.00Repurchase agreements, net+$1.81 BOther, net: -$20,000,000.00Other financing, net−$20.00 MProceeds from issuance of preferred stock, net of issuance costs: $2,323,000,000.00Preferred stock issued+$2.32 BNet cash from financing activities: $51,791,000,000.00Financing cash+$51.79 Bfinancing reconciliation: $57,811,000,000.00Net decrease (increase) in securities purchased under resale agreements: $13,000,000.00Resale agreements, net+$13.00 MPurchases of available-for-sale securities: -$44,301,000,000.00AFS securities purchases−$44.30 BPurchases of held-to-maturity securities: -$5,000,000.00HTM securities purchases−$5.00 MPurchases of premises and equipment, net: -$926,000,000.00PP&E purchases−$926.00 MSale of loans: $246,000,000.00Loan sales+$246.00 MOther, net: -$332,000,000.00Other investing, net−$332.00 MNet increase in loans: -$7,369,000,000.00Net increase in loans−$7.37 BNet (increase) decrease in interest-bearing deposits with banks: -$25,292,000,000.00Bank deposits, net−$25.29 BProceeds from maturities of available-for-sale securities: $18,517,000,000.00AFS securities maturities+$18.52 BProceeds from sales of available-for-sale securities: $10,973,000,000.00AFS securities sales+$10.97 BBusiness acquisitions, net of cash acquired: -$194,000,000.00Acquisitions, net of cash−$194.00 MProceeds from maturities of held-to-maturity securities: $9,330,000,000.00HTM securities maturities+$9.33 BPurchases of equity investments and other long-term assets: -$143,000,000.00Other investment purchases−$143.00 MNet cash used in investing activities: -$39,483,000,000.00. Cash required to fund net payments.Investing cash−$39.48 Binvesting reconciliation: $78,562,000,000.00Cash sources and uses: $55,838,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $4,047,000,000.00Beginning cash$4.05 BEnding cash: Cash, cash equivalents, and restricted cash: $3,145,000,000.00Ending cash$3.15 BCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsFree cash flow−$14.14 BOperating cash − cash spent on PP&ECash flow / Net income−4.92×Operating cash flow ÷ net incomeNet cash change−$902.00 MEnding cash − beginning cash
Chart details

STATE STREET CORPORATION cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
4,047,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 13,210,000,000 US dollars. Net cash used.
Net income
2,687,000,000 US dollars
Deferred income tax (benefit)
145,000,000 US dollars
Amortization of other intangible assets
230,000,000 US dollars
Other non-cash adjustments for depreciation, amortization and accretion, net
375,000,000 US dollars
Change in trading account assets, net
5,000,000 US dollars
Change in accrued interest and fees receivable, net
negative 224,000,000 US dollars
Change in collateral deposits, net
negative 12,109,000,000 US dollars
Change in unrealized (gains) losses on foreign exchange derivatives, net
negative 7,191,000,000 US dollars
Change in other assets, net
1,672,000,000 US dollars
Change in accrued expenses and other liabilities, net
743,000,000 US dollars
Other, net
303,000,000 US dollars
Losses related to investment securities, net
79,000,000 US dollars
Provision for credit losses
75,000,000 US dollars
Investing activities
negative 39,483,000,000 US dollars. Net cash used.
Net decrease (increase) in securities purchased under resale agreements
13,000,000 US dollars
Purchases of available-for-sale securities
negative 44,301,000,000 US dollars
Purchases of held-to-maturity securities
negative 5,000,000 US dollars
Purchases of premises and equipment, net
negative 926,000,000 US dollars
Sale of loans
246,000,000 US dollars
Other, net
negative 332,000,000 US dollars
Net increase in loans
negative 7,369,000,000 US dollars
Net (increase) decrease in interest-bearing deposits with banks
negative 25,292,000,000 US dollars
Proceeds from maturities of available-for-sale securities
18,517,000,000 US dollars
Proceeds from sales of available-for-sale securities
10,973,000,000 US dollars
Business acquisitions, net of cash acquired
negative 194,000,000 US dollars
Proceeds from maturities of held-to-maturity securities
9,330,000,000 US dollars
Purchases of equity investments and other long-term assets
negative 143,000,000 US dollars
Financing activities
51,791,000,000 US dollars. Net cash provided.
Net (decrease) increase in time deposits
negative 19,000,000 US dollars
Repurchases of common stock for employee tax withholding
negative 83,000,000 US dollars
Payments for cash dividends
negative 1,033,000,000 US dollars
Net increase (decrease) in all other deposits
40,971,000,000 US dollars
Proceeds from issuance of long-term debt, net of issuance costs
6,523,000,000 US dollars
Repurchases of common stock
negative 1,319,000,000 US dollars
Payments for redemption of preferred stock
negative 1,500,000,000 US dollars
Net increase in other short-term borrowings
6,180,000,000 US dollars
Payments for long-term debt and obligations under finance leases
negative 2,046,000,000 US dollars
Net increase (decrease) in securities sold under repurchase agreements
1,814,000,000 US dollars
Other, net
negative 20,000,000 US dollars
Proceeds from issuance of preferred stock, net of issuance costs
2,323,000,000 US dollars
Operating adjustment reconciliation
19,524,000,000 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
57,811,000,000 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
78,562,000,000 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 Dec 31, 2024
3,145,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
55,838,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 902,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
−4.92×. 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.
Operating cash flow
negative 13,210,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
926,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 14,136,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

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 or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
  • 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.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 13,210,000,000 US dollars minus 926,000,000 US dollars equals negative 14,136,000,000 US dollars.
STATE STREET CORPORATION (STT) FY2024 Annual Statement of Cash Flows Sankey chart
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