← PNC FINANCIAL SERVICES GROUP, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net losses on sales of securities — — — — ($305.0m) ($64.0m) $7.0m $2.0m $500.0m $9.0m —
Net Income (Loss) Available to Common Stockholders, Basic $3.7b
$5.1b +37.98%
$5.0b -0.26%
$5.1b +1.35%
$2.7b -46.83%
$5.4b +99.15%
$5.7b +5.53%
$5.1b -10.20%
$5.5b +7.22%
$6.6b +19.65%
—
Net Income (Loss) Attributable to Noncontrolling Interest $82.0m $50.0m $45.0m $49.0m — — — $69.0m $64.0m $61.0m —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $4.0b $5.4b $5.3b $5.4b $7.6b $5.7b $6.1b $5.6b $6.0b $7.0b —
Amortization $46.0m $56.0m $78.0m $109.0m $115.0m $122.0m $130.0m $138.0m $139.0m $151.0m —
Depreciation $683.0m $743.0m $754.0m $778.0m $791.0m $844.0m $899.0m $900.0m $912.0m $1.0b $382.0m
Depreciation Amortization Depletion — — — — — — $651.0m $217.0m $259.0m $381.0m $382.0m
Depreciation, Depletion and Amortization $843.0m $921.0m $940.0m $1.0b $983.0m $1.1b $1.1b $1.1b $259.0m $381.0m $382.0m
Depreciation, amortization and accretion $1.2b $1.1b $1.1b $1.3b $1.5b $1.8b $651.0m $217.0m $259.0m $381.0m $382.0m
Deferred Income Tax $326.0m $403.0m $133.0m $303.0m $401.0m $178.0m $351.0m ($252.0m) ($30.0m) ($40.0m) $170.0m
Deferred Tax — — — — — — $351.0m ($252.0m) ($30.0m) ($40.0m) $170.0m
Deferred income taxes (benefit) $326.0m ($403.0m) $133.0m $303.0m ($2.2b) $178.0m $351.0m ($252.0m) ($30.0m) ($40.0m) $170.0m
Share-based Payment Arrangement, Noncash Expense $200.0m $200.0m — — — — — — — — —
Asset Impairment Charge — — — — — — ($543.0m) $298.0m $154.0m $492.0m $349.0m
Goodwill, Impairment Loss — — — — $0 $0 $0 $0 $0 $0 $349.0m
Income (Loss) from Equity Method Investments $361.0m $727.0m $525.0m $531.0m — — — — — — —
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — $1.2b $2.3b ($587.0m) ($4.9b) ($3.1b)
Change In Payables And Accrued Expense — — — — — — $599.0m $507.0m ($1.4b) ($1.6b) ($499.0m)
Accrued expenses and other liabilities $652.0m ($704.0m) $295.0m $132.0m ($254.0m) $753.0m $599.0m $507.0m ($1.4b) ($1.6b) —
Change In Accrued Expense — — — — — — $599.0m $507.0m ($1.4b) ($1.6b) ($499.0m)
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — — — — — $439.0m $792.0m $741.0m $660.0m —
Change In Other Current Assets — — — — — — ($877.0m) $2.3b $896.0m $1.7b ($331.0m)
Increase (Decrease) in Other Operating Assets $644.0m ($757.0m) ($108.0m) $788.0m $927.0m $454.0m $877.0m ($2.3b) ($896.0m) ($1.7b) —
Other assets ($644.0m) $757.0m $108.0m ($788.0m) ($927.0m) ($454.0m) ($877.0m) $2.3b $896.0m $1.7b —
Other operating activities, net $100.0m $350.0m $32.0m ($341.0m) $684.0m ($194.0m) $831.0m $1.2b $1.6b $708.0m —
Net Cash Provided by (Used in) Operating Activities $3.6b
$5.7b +56.78%
$7.8b +37.57%
$7.4b -6.08%
$4.7b -36.72%
$7.2b +54.84%
$9.1b +25.91%
$10.1b +11.32%
$7.9b -22.07%
$4.4b -44.37%
$7.5b +70.80%
Cash flows from investing activities:
Equipment Expense $974.0m $1.1b $1.1b $1.2b $1.2b $1.4b $1.4b $1.4b $1.5b $1.6b —
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — $48.0m $305.0m $64.0m ($7.0m) ($2.0m) ($500.0m) ($9.0m) —
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $11.1b $10.7b $9.4b $12.0b $30.9b $30.7b $13.3b $6.9b $6.6b $6.7b —
Trading securities and other short-term investments ($1.2b) $305.0m ($893.0m) $560.0m $957.0m $671.0m $433.0m ($767.0m) $41.0m ($4.0b) —
Payments to Acquire Businesses, Net of Cash Acquired — — — ($75.0m) — $10.5b — — — — —
Net Other Investing Changes — — — — — — ($3.0b) ($2.0b) ($1.1b) ($2.6b) ($5.0b)
Other investing activities, net ($952.0m) ($1.3b) ($1.7b) ($705.0m) ($1.3b) ($2.7b) ($3.0b) ($1.9b) ($1.1b) ($2.6b) —
Payments for (Proceeds from) Other Investing Activities $952.0m $1.3b $1.7b $705.0m $1.3b $2.7b $3.0b $1.9b $1.1b $2.6b —
Net cash provided (used) by investing activities ($7.4b) ($15.0b) ($4.0b) ($25.0b) ($51.1b) ($2.8b) ($13.4b) ($6.4b) ($3.2b) ($15.6b) ($28.6b)
Net Cash Provided by (Used in) Investing Activities — — ($4.0b) ($25.0b) ($51.1b) ($2.8b) ($13.4b) ($6.4b) ($3.2b) ($15.6b) ($28.6b)
Cash flows from financing activities:
Debt and Equity Securities, Gain (Loss) — — — — — — — — ($500.0m) ($9.0m) —
Issuance Of Debt — — — — — — $38.0b $17.3b $13.4b $12.1b $37.6b
Long Term Debt Issuance — — — — — — $38.0b $17.3b $13.4b $12.1b $37.6b
Long Term Debt Payments — — — — — — ($8.1b) ($3.7b) ($23.8b) ($17.4b) ($17.3b)
Net Issuance Payments Of Debt — — — — — — $30.0b $13.6b ($10.3b) ($5.3b) $24.4b
Net Long Term Debt Issuance — — — — — — $30.0b $13.6b ($10.3b) ($5.3b) $20.4b
Repayment Of Debt — — — — — — ($8.1b) ($3.7b) ($23.8b) ($17.4b) ($17.3b)
Senior debt $5.6b $7.1b $3.2b $9.0b $3.5b $1.7b ($6.2b) ($750.0m) ($4.0b) ($2.8b) —
Subordinated debt ($488.0m) ($2.8b) ($575.0m) ($700.0m) — — ($1.0b) ($1.5b) ($750.0m) ($1.2b) —
Common Stock Dividend Paid — — — — — — ($2.4b) ($2.5b) ($2.5b) ($2.6b) ($2.7b)
Common Stock Issuance — — — — — — $68.0m $72.0m $69.0m $70.0m $70.0m
Common Stock Payments — — — — — — ($3.7b) ($651.0m) ($687.0m) ($1.3b) ($2.2b)
Common stock cash dividends paid ($1k) ($1k) ($2k) ($2k) ($2k) ($2k) ($2k) ($2k) ($3k) ($3k) —
Issuance Of Capital Stock — — — — — — $2.3b $1.6b $69.0m $70.0m $70.0m
Net Common Stock Issuance — — — — — — ($3.7b) ($579.0m) ($618.0m) ($1.3b) ($2.1b)
Payments for Repurchase of Common Stock $2.1b $2.4b $2.9b $3.6b $1.6b $1.1b $3.7b $651.0m $687.0m $1.3b —
Payments of Ordinary Dividends, Common Stock $1k $1k $2k $2k $2k $2k $2k $2k $3k $3k ($3.1b)
Repurchase Of Capital Stock — — — — — — ($5.2b) ($1.7b) ($1.2b) ($1.3b) ($2.2b)
Cash Dividends Paid — — — — — — ($2.7b) ($2.9b) ($2.9b) ($2.9b) ($3.1b)
Other Interest and Dividend Income $412.0m $578.0m $741.0m $811.0m $339.0m $293.0m $915.0m $2.5b $2.9b $2.2b —
Preferred Stock Dividend Paid — — — — — — ($301.0m) ($417.0m) ($352.0m) ($308.0m) ($312.0m)
Preferred stock cash dividends paid ($209) ($236) ($236) ($236) ($229) ($233) ($301) ($417) ($352) ($308) —
Net cash provided (used) by financing activities $4.6b
$9.7b +109.61%
($3.5b) -136.26%
$17.1b +586.33%
$48.4b +183.48%
($3.4b) -107.09%
$3.4b +198.60%
($3.9b) -213.89%
($9.1b) -136.69%
$4.7b +151.47%
—
Net Cash Provided by (Used in) Financing Activities — $9.7b
($3.5b) -136.26%
$17.1b +586.33%
$48.4b +183.48%
($3.4b) -107.09%
$3.4b +198.60%
($3.9b) -213.89%
($9.1b) -136.69%
$4.7b +151.47%
$19.4b +314.01%
Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash — $370.0m $359.0m ($547.0m) $2.0b $987.0m ($961.0m) ($122.0m) ($4.5b) ($6.5b) —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — ($547.0m) $2.0b $987.0m ($961.0m) ($122.0m) ($4.5b) ($6.5b) $28.7b
Beginning Cash Position — — — — — — $82.3b $34.4b $50.7b $46.3b $30.4b
Cash, cash equivalents and restricted cash at beginning of period — — $5.6b $5.1b $7.0b $8.0b $7.0b $6.9b $46.3b $39.7b —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $7.0b $8.0b $7.0b $6.9b $46.3b $39.7b $28.7b
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Acquisition of treasury stock ($2.1b) ($2.4b) ($2.9b) ($3.6b) ($1.6b) ($1.1b) ($3.7b) ($651.0m) ($687.0m) ($1.3b) —
Additional Financial Items
Adjustment to assets and liabilities related to partially financed investment exits — — — — — — — $834.0m $0 $0 —
Cash Flow From Continuing Financing Activities — — — — — — $3.4b ($3.9b) ($9.1b) $4.7b $19.4b
Cash Flow From Continuing Investing Activities — — — — — — ($60.4b) $10.1b ($3.2b) ($15.6b) ($28.6b)
Change In Cash Supplemental As Reported — — — — — — ($47.9b) $16.4b ($4.5b) ($6.5b) —
Change In Other Working Capital — — — — — — $433.0m ($767.0m) $41.0m ($4.0b) ($2.5b)
Changes In Cash — — — — — — ($47.9b) $16.4b ($4.5b) ($6.5b) ($1.6b)
Changes in fair value of mortgage servicing rights $179.0m $323.0m $172.0m $645.0m $799.0m $85.0m ($543.0m) $298.0m $154.0m $492.0m —
Common and treasury stock $151.0m $132.0m $69.0m $90.0m $65.0m $66.0m $68.0m $72.0m $69.0m $70.0m —
End Cash Position — — — — — — $34.4b $50.7b $46.3b $39.7b $28.7b
Federal Home Loan Bank advances $1.0b $11.0b $9.5b $12.0b $9.1b — $32.1b $6.0b ($19.0b) ($13.1b) —
Federal funds purchased and repurchase agreements $18.0m ($148.0m) $392.0m $4.3b ($5.9b) ($46.0m) ($2.0m) $359.0m ($74.0m) $77.0m —
Financing Cash Flow — — — — — — $3.4b
($3.9b) -213.89%
($9.1b) -136.69%
$4.7b +151.47%
$19.4b +314.01%
Financing Receivable, Credit Loss, Expense (Reversal) — — — — $3.0b ($887.0m) — — — — —
Free Cash Flow — — — — — — $9.1b $10.1b $7.9b $4.4b $7.5b
Gain (Loss) on Disposition of Business — — — — $5.7b — — — — — —
Gain Loss On Investment Securities — — — — — — $7.0m $2.0m $500.0m $9.0m $118.0m
Gain on Visa shares exchange program — — — — — — — $0 ($754.0m) $0 —
Goodwill $9.1b $9.2b $9.2b $9.2b $9.2b $10.9b $11.0b $10.9b $10.9b $11.0b $349.0m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — $3.0b $5.7b $6.0b $5.6b — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — $3.0b $5.7b $6.1b $5.6b — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — $4.6b — — — — — —
Income Tax Expense (Benefit) $1.3b $102.0m $1.1b $1.1b $426.0m $1.3b $1.4b $1.1b $1.3b $1.5b —
Income Taxes Paid, Net — — — — — $675.0m $197.0m $997.0m $434.0m $704.0m —
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.3b $1.7b $2.8b $3.7b $1.3b $582.0m $2.2b $9.5b $13.1b $11.2b —
Interest-bearing deposits $7.4b $8.3b $8.7b $21.9b $36.9b ($320.0m) $9.7b $8.3b $14.0b $15.0b —
Investing Cash Flow — — — — — — ($60.4b) $10.1b ($3.2b) ($15.6b) ($28.6b)
Leased assets obtained in exchange for new operating lease liabilities — — — $317.0m $122.0m $337.0m $326.0m $237.0m $247.0m $431.0m —
Loans ($5.9b) ($10.5b) ($7.3b) ($15.0b) ($3.4b) ($1.9b) ($2.1b) ($10.2b) ($1.9b) ($2.3b) —
Loans held for sale and related securitization activity ($935.0m) ($1.1b) $1.6b ($123.0m) ($372.0m) ($480.0m) $1.0b $210.0m ($151.0m) ($1.1b) —
Net Investment Purchase And Sale — — — — — — ($18.4b) $8.3b ($5.5b) $2.7b $2.4b
Net Preferred Stock Issuance — — — — — — $725.0m $484.0m ($500.0m) $0 $0
Net change in federal funds sold and resale agreements $126.0m ($245.0m) ($5.8b) $4.9b $1.7b ($24.0m) ($718.0m) $573.0m ($387.0m) $448.0m —
Noninterest-bearing deposits $1.2b ($264.0m) ($6.0b) ($1.2b) $39.9b $6.7b ($30.7b) ($23.2b) ($8.7b) ($895.0m) —
Operating Gains Losses — — — — — — $7.0m $2.0m $492.0m $31.0m $142.0m
Operating Lease, Lease Income — — — $117.0m $95.0m $75.0m $63.0m $46.0m $26.0m $33.0m —
Other Non Cash Items — — — — — — $831.0m $1.2b $842.0m $708.0m —
Other borrowed funds ($541.0m) ($318.0m) ($548.0m) ($1.2b) ($639.0m) ($823.0m) ($807.0m) ($802.0m) $431.0m $0 —
Other changes in loans, net — — — ($15.0b) ($3.4b) $15.6b ($41.7b) $12.4b $5.1b ($14.7b) —
Parent Company $1.1b $1.3b $1.6b $1.9b $2.0b $2.1b $2.4b $2.5b $2.5b $2.6b —
Preferred Stock Issuance $519.0m — — — — $1.5b $2.2b $1.5b $0 $0 $0
Preferred Stock Payments — — — — — — ($1.5b) ($1.0b) ($500.0m) $0 $0
Preferred stock redemption — ($1.0b) — — ($480.0m) — ($1.5b) ($1.0b) ($500.0m) $0 —
Provision For Credit Losses $433.0m $441.0m $408.0m $773.0m $3.2b ($779.0m) $477.0m $742.0m $789.0m $779.0m —
Provision for Loan, Lease, and Other Losses $433.0m $441.0m $408.0m $773.0m — — — — — — $683.0m
Purchase Of Investment — — — — — — ($41.0b) ($5.7b) ($32.1b) ($22.1b) ($33.8b)
Sale Of Investment — — — — — — $22.6b $14.0b $26.6b $24.8b $36.2b
Securities available-for-sale — — — — — — ($25.6b) ($3.8b) ($30.4b) ($15.4b) —
Securities held-to-maturity $3.2b $2.9b $2.4b $3.3b $60.0m $131.0m $5.1b $7.0b ($1.7b) ($6.7b) —
Supplemental disclosure of cash flow information:
Transfer from loans to foreclosed assets $281.0m $215.0m $193.0m $174.0m $64.0m $27.0m $58.0m $56.0m $40.0m $49.0m —
Transfer from loans to loans held for sale, net $606.0m $419.0m $403.0m $958.0m $1.4b $869.0m $435.0m $380.0m $122.0m $320.0m —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.