Banco Santander, S.A. (SAN) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | 0 | -8.9B | 20.72B | -18.11B | 22.97B | 13.04B | -13.26B | -46.91B | 8.77B | 8.14B | 1.63B | 1.58B | 1.5B | 1.59B | 0 | 0 | 0 | 8.98B | -8.88B | 36.92B |
| Operating CF Growth % | -100% | -168.22% | 256.24% | 61.39% | 161.83% | 60.32% | -911.51% | -3072.88% | 484.93% | 412.99% | - | - | - | -82.34% | 100% | -100% | -100% | -38.95% | -147.71% | 39.54% |
| Net Income | 3.76B | 3.07B | 3.43B | 3.4B | 3.27B | 3.25B | 3.21B | 2.85B | 2.93B | 3.16B | 2.67B | 2.57B | 2.29B | 2.42B | 2.35B | 2.54B | 2.27B | 2.55B | 2.48B | 1.96B |
| Depreciation & Amortization | 0 | 0 | 772M | 854M | 824M | 814M | 0 | 0 | 779M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 683M | 698M | 683M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -3.76B | -3.71B | 21.53B | -9.52B | -5.46B | -20.6B | 1.91B | -24.68B | 29.89B | -13.48B | -1.04B | -993M | -789M | -836M | -2.35B | -2.54B | -2.27B | 3.4B | 3.93B | 4.55B |
| Working Capital Changes | 0 | -8.26B | -5.02B | -12.85B | 24.34B | 29.58B | -18.38B | -25.09B | -24.83B | 18.46B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.35B | -15.99B | 29.73B |
| Cash from Investing | 0 | 745.36M | -42M | -521M | -406M | -1B | -1.16B | -1.14B | -1.87B | -1B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -703M | -487M | -1.19B |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -47M | -9M | -2M |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31M | 249M | 37M |
| Net Investment Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16M | 240M | 35M |
| Acquisitions | 0 | 0 | 0 | -187M | -11M | -35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12M | -52M | -3M |
| Other Investing | 0 | 745.36M | 1.19B | 1.64B | 1.89B | 502M | 988M | 1.45B | -1.87B | 1.37B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 808M | 925M | 540M |
| Cash from Financing | 0 | -2.1B | -4.14B | -3.91B | -3.92B | 2.58B | -4.09B | -83M | -1.34B | 1.64B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -901M | 331M | -617M |
| Dividends Paid | 0 | 0 | 0 | 0 | -1.53B | 0 | 0 | 0 | -1.3B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -477M | 0 |
| Share Repurchases | 0 | -504.59M | -1.16B | -859M | -2.04B | -593M | -1.23B | -933M | -1.21B | -175M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -146M | -195M | -209M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 228M | 180M | 207M |
| Net Stock Activity | 0 | -504.59M | -1.16B | -859M | -2.04B | -593M | -1.23B | -933M | -1.21B | -175M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 82M | -15M | -2M |
| Debt Issuance (Net) | 0 | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 1000K | -1000K |
| Other Financing | 0 | 1.71M | -2.33B | 66M | 102M | 516M | -2.69B | -23M | -305M | 119M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -268M | -507M | -226M |
| Net Change in Cash | -165.21B | 141.05B | -166.95B | -25.26B | 22.83B | 169.38B | -174.16B | -46.18B | 3.29B | 217.06B | 1.63B | 1.58B | 1.5B | 1.59B | 0 | 0 | 0 | 7.94B | -9.83B | 39.09B |
| Exchange Rate Effect | 0 | 151.31B | -183.48B | -2.71B | 4.18B | 154.76B | -155.65B | 1.96B | -2.28B | 733M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 567M | -800M | 3.97B |
| Cash at Beginning | 165.21B | 0 | 166.95B | 192.21B | 169.38B | 0 | 0 | 220.34B | 217.06B | 1.63B | 0 | 0 | 0 | 0 | 0 | 0 | 191.03B | 183.09B | 192.93B | 153.84B |
| Cash at End | 0 | 141.05B | 0 | 166.95B | 192.21B | 169.38B | -174.16B | 174.16B | 220.34B | 217.06B | 1.63B | 1.58B | 1.5B | 1.59B | 0 | 0 | 210.69B | 191.03B | 183.09B | 192.93B |
| Interest Paid | 0 | 0 | 0 | 0 | 61.09B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 0 | -9.99B | 19.49B | -20.08B | 20.69B | 11.57B | -15.41B | -49.5B | 4.4B | 5.77B | 1.63B | 1.58B | 1.5B | 1.59B | 0 | 0 | 0 | 7.21B | -10.76B | 34.85B |
| FCF Growth % | -100% | -186.32% | 226.47% | 59.43% | 370.1% | 100.62% | -1042.9% | -3237.07% | 193.4% | 263.68% | - | - | - | -78.01% | 100% | -100% | -100% | -37.24% | -161.73% | 42.32% |