STATE STREET CORPORATION (STT) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-03-31

Swipe to see the full flow
STATE STREET CORPORATION cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025One 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 income → Net cash from operating activities: $644,000,000.00Change in unrealized losses (gains) on foreign exchange derivatives, net → Operating adjustments reconciliation: $4,613,000,000.00Change in accrued expenses and other liabilities, net → Operating adjustments reconciliation: $545,000,000.00Other, net → Operating adjustments reconciliation: $156,000,000.00Amortization of other intangible assets → Operating adjustments reconciliation: $54,000,000.00Other non-cash adjustments for depreciation, amortization and accretion, net → Operating adjustments reconciliation: $34,000,000.00Change in trading account assets, net → Operating adjustments reconciliation: $25,000,000.00Deferred income tax → Operating adjustments reconciliation: $18,000,000.00Provision for credit losses → Operating adjustments reconciliation: $12,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $1,752,000,000.00Operating adjustments reconciliation → Change in other assets, net: $1,761,000,000.00Operating adjustments reconciliation → Change in collateral deposits, net: $1,697,000,000.00Operating adjustments reconciliation → Change in accrued interest and fees receivable, net: $247,000,000.00Net increase in all other deposits → financing reconciliation: $7,469,000,000.00Proceeds from issuance of long-term debt, net of issuance costs → financing reconciliation: $2,737,000,000.00Net increase (decrease) in time deposits → financing reconciliation: $2,663,000,000.00Net increase in other short-term borrowings → financing reconciliation: $2,010,000,000.00Proceeds from issuance of preferred stock, net of issuance costs → financing reconciliation: $743,000,000.00financing reconciliation → Net cash from financing activities: $13,724,000,000.00financing reconciliation → Payments for long-term debt and obligations under finance leases: $1,312,000,000.00financing reconciliation → Payments for cash dividends: $266,000,000.00financing reconciliation → Net (decrease) increase in securities sold under repurchase agreements: $157,000,000.00financing reconciliation → Repurchases of common stock: $100,000,000.00financing reconciliation → Repurchases of common stock for employee tax withholding: $57,000,000.00financing reconciliation → Other, net: $6,000,000.00Net cash used in investing activities → investing reconciliation: $14,607,000,000.00Proceeds from maturities of available-for-sale securities → investing reconciliation: $8,832,000,000.00Proceeds from maturities of held-to-maturity securities → investing reconciliation: $2,333,000,000.00Proceeds from sales of available-for-sale securities → investing reconciliation: $2,047,000,000.00Sale of loans → investing reconciliation: $85,000,000.00investing reconciliation → Purchases of available-for-sale securities: $18,449,000,000.00investing reconciliation → Net increase in interest-bearing deposits with banks: $6,507,000,000.00investing reconciliation → Net increase in securities purchased under resale agreements: $1,291,000,000.00investing reconciliation → Net increase in loans: $1,281,000,000.00investing reconciliation → Purchases of premises and equipment, net: $226,000,000.00investing reconciliation → Other, net: $103,000,000.00investing reconciliation → Purchases of equity investments and other long-term assets: $47,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $3,145,000,000.00Net cash from operating activities → Cash sources and uses: $2,396,000,000.00Net cash from financing activities → Cash sources and uses: $13,724,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $4,658,000,000.00Cash sources and uses → Net cash used in investing activities: $14,607,000,000.00Change in other assets, net: -$1,761,000,000.00Other operating assets−$1.76 BDeferred income tax: $18,000,000.00Deferred income taxes+$18.00 MNet income: $644,000,000.00Net income+$644.00 MChange in trading account assets, net: $25,000,000.00Trading securities, net+$25.00 MOther non-cash adjustments for depreciation, amortization and accretion, net: $34,000,000.00Depreciation, amort. & accretion+$34.00 MChange in unrealized losses (gains) on foreign exchange derivatives, net: $4,613,000,000.00Change in unrealized losses (gains) on foreignexchange derivatives, net+$4.61 BChange in accrued expenses and other liabilities, net: $545,000,000.00Other operating liabilities+$545.00 MChange in collateral deposits, net: -$1,697,000,000.00Collateral deposits, net−$1.70 BOther, net: $156,000,000.00Other non-cash items+$156.00 MChange in accrued interest and fees receivable, net: -$247,000,000.00Other receivables−$247.00 MAmortization of other intangible assets: $54,000,000.00Intangible amortization+$54.00 MProvision for credit losses: $12,000,000.00Provision for credit losses+$12.00 MNet cash from operating activities: $2,396,000,000.00Operating cash+$2.40 BOperating adjustments reconciliation: $5,457,000,000.00Repurchases of common stock for employee tax withholding: -$57,000,000.00Stock repurchases for taxes−$57.00 MNet (decrease) increase in securities sold under repurchase agreements: -$157,000,000.00Repurchase agreements, net−$157.00 MRepurchases of common stock: -$100,000,000.00Common stock repurchases−$100.00 MProceeds from issuance of preferred stock, net of issuance costs: $743,000,000.00Preferred stock issued+$743.00 MPayments for redemption of preferred stock: $0.00Net increase (decrease) in time deposits: $2,663,000,000.00Net increase (decrease) in time deposits+$2.66 BPayments for cash dividends: -$266,000,000.00Dividends paid−$266.00 MOther, net: -$6,000,000.00Other financing, net−$6.00 MPayments for long-term debt and obligations under finance leases: -$1,312,000,000.00Debt & capital securities repaid−$1.31 BProceeds from issuance of long-term debt, net of issuance costs: $2,737,000,000.00Long-term debt issued+$2.74 BNet increase in other short-term borrowings: $2,010,000,000.00Other short-term debt, net+$2.01 BNet increase in all other deposits: $7,469,000,000.00Other deposits, net+$7.47 BNet cash from financing activities: $13,724,000,000.00Financing cash+$13.72 Bfinancing reconciliation: $15,622,000,000.00Net increase in securities purchased under resale agreements: -$1,291,000,000.00Resale agreements, net−$1.29 BProceeds from maturities of available-for-sale securities: $8,832,000,000.00AFS securities maturities+$8.83 BPurchases of premises and equipment, net: -$226,000,000.00PP&E purchases−$226.00 MSale of loans: $85,000,000.00Loan sales+$85.00 MNet increase in loans: -$1,281,000,000.00Net increase in loans−$1.28 BPurchases of equity investments and other long-term assets: -$47,000,000.00Other investment purchases−$47.00 MNet increase in interest-bearing deposits with banks: -$6,507,000,000.00Bank deposits, net−$6.51 BOther, net: -$103,000,000.00Other investing, net−$103.00 MPurchases of held-to-maturity securities: $0.00Proceeds from sales of available-for-sale securities: $2,047,000,000.00AFS securities sales+$2.05 BPurchases of available-for-sale securities: -$18,449,000,000.00AFS securities purchases−$18.45 BProceeds from maturities of held-to-maturity securities: $2,333,000,000.00HTM securities maturities+$2.33 BBusiness acquisitions, net of cash acquired: $0.00Net cash used in investing activities: -$14,607,000,000.00. Cash required to fund net payments.Investing cash−$14.61 Binvesting reconciliation: $27,904,000,000.00Cash sources and uses: $19,265,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $3,145,000,000.00Beginning cash$3.15 BEnding cash: Cash, cash equivalents, and restricted cash: $4,658,000,000.00Ending cash$4.66 BCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$2.17 BOperating cash − cash spent on PP&ECash flow / Net income3.72×Operating cash flow ÷ net incomeNet cash change+$1.51 BEnding cash − beginning cash
Chart details

STATE STREET CORPORATION cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025

Cash flows for Jan 1, 2025 through Mar 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Mar 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
3,145,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
2,396,000,000 US dollars. Net cash provided.
Net income
644,000,000 US dollars
Change in other assets, net
negative 1,761,000,000 US dollars
Deferred income tax
18,000,000 US dollars
Change in trading account assets, net
25,000,000 US dollars
Other non-cash adjustments for depreciation, amortization and accretion, net
34,000,000 US dollars
Change in unrealized losses (gains) on foreign exchange derivatives, net
4,613,000,000 US dollars
Change in accrued expenses and other liabilities, net
545,000,000 US dollars
Change in collateral deposits, net
negative 1,697,000,000 US dollars
Other, net
156,000,000 US dollars
Change in accrued interest and fees receivable, net
negative 247,000,000 US dollars
Amortization of other intangible assets
54,000,000 US dollars
Provision for credit losses
12,000,000 US dollars
Investing activities
negative 14,607,000,000 US dollars. Net cash used.
Net increase in securities purchased under resale agreements
negative 1,291,000,000 US dollars
Proceeds from maturities of available-for-sale securities
8,832,000,000 US dollars
Purchases of premises and equipment, net
negative 226,000,000 US dollars
Sale of loans
85,000,000 US dollars
Net increase in loans
negative 1,281,000,000 US dollars
Purchases of equity investments and other long-term assets
negative 47,000,000 US dollars
Net increase in interest-bearing deposits with banks
negative 6,507,000,000 US dollars
Other, net
negative 103,000,000 US dollars
Purchases of held-to-maturity securities
0 US dollars
Proceeds from sales of available-for-sale securities
2,047,000,000 US dollars
Purchases of available-for-sale securities
negative 18,449,000,000 US dollars
Proceeds from maturities of held-to-maturity securities
2,333,000,000 US dollars
Business acquisitions, net of cash acquired
0 US dollars
Financing activities
13,724,000,000 US dollars. Net cash provided.
Repurchases of common stock for employee tax withholding
negative 57,000,000 US dollars
Net (decrease) increase in securities sold under repurchase agreements
negative 157,000,000 US dollars
Repurchases of common stock
negative 100,000,000 US dollars
Proceeds from issuance of preferred stock, net of issuance costs
743,000,000 US dollars
Payments for redemption of preferred stock
0 US dollars
Net increase (decrease) in time deposits
2,663,000,000 US dollars
Payments for cash dividends
negative 266,000,000 US dollars
Other, net
negative 6,000,000 US dollars
Payments for long-term debt and obligations under finance leases
negative 1,312,000,000 US dollars
Proceeds from issuance of long-term debt, net of issuance costs
2,737,000,000 US dollars
Net increase in other short-term borrowings
2,010,000,000 US dollars
Net increase in all other deposits
7,469,000,000 US dollars
Operating adjustment reconciliation
5,457,000,000 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
15,622,000,000 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
27,904,000,000 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 Mar 31, 2025
4,658,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
19,265,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,513,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
3.72×. 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
2,396,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
226,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
2,170,000,000 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 enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.75B 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.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 2,396,000,000 US dollars minus 226,000,000 US dollars equals 2,170,000,000 US dollars.
STATE STREET CORPORATION (STT) FY2025 Q1 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!