Bank of America Corporation
BACNYSE
$50.79
Last price · USD
- Market cap
- $383.3B
- P/E
- 13.3x
- EV / EBITDA
- 12.9x
- P/S
- 2.0x
- FCF yield
- 3.3%
- Div. yield
- 2.49%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Bank of America Corporation cash flow statement
Annual · USD millions except per-share data · 32 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 30,509 | 27,132 | 26,515 | 27,528 | 31,978 | -1.2% | |
| Depreciation & amortization | 2,314 | 2,189 | 2,057 | 1,978 | 1,898 | +5.1% | |
| Deferred income tax | 0 | (1,734) | (2,011) | 739 | (838) | — | |
| Stock-based compensation | 4,001 | 3,433 | 2,942 | 2,862 | 2,768 | +9.6% | |
| Change in working capital | (33,081) | (48,546) | 2,728 | (51,944) | (39,920) | — | |
| Other working capital | (33,081) | (48,546) | 2,728 | (51,944) | (39,920) | — | |
| Other non-cash items | 8,870 | 8,721 | 12,751 | 12,510 | (3,079) | — | |
| Net cash from operating activities | 12,613 | (8,805) | 44,982 | (6,327) | (7,193) | — | |
| Operating cash flow | 12,613 | (8,805) | 44,982 | (6,327) | (7,193) | — | |
| Investing activities | |||||||
| Purchases of investments | 0 | (390,911) | (291,057) | (159,058) | (601,134) | — | |
| Sales / maturities of investments | 9,592 | 342,455 | 286,819 | 243,161 | 291,389 | -57.4% | |
| Other investing activities | (154,749) | (42,237) | (31,149) | (86,632) | (3,546) | — | |
| Net cash from investing activities | (145,157) | (90,693) | (35,387) | (2,529) | (313,291) | — | |
| Financing activities | |||||||
| Net debt issuance | 45,471 | (1,154) | 25,987 | 35,034 | 34,281 | +7.3% | |
| Short-term net debt issuance | 21,635 | 12,574 | 5,162 | 3,179 | 4,432 | +48.6% | |
| Long-term net debt issuance | 23,836 | (13,728) | 20,825 | 31,855 | 29,849 | -5.5% | |
| Net stock issuance | (18,609) | (18,358) | (4,576) | (1,301) | (24,928) | — | |
| Common stock issuance | 5,493 | 0 | 0 | 0 | 0 | — | |
| Common stock repurchased | (24,102) | (13,104) | (4,576) | (5,073) | (25,126) | — | |
| Net common stock issuance | (18,609) | (13,104) | (4,576) | (5,073) | (25,126) | — | |
| Common dividends paid | (9,563) | (9,503) | (9,087) | (8,576) | (8,055) | — | |
| Net dividends paid | (9,563) | (9,503) | (9,087) | (8,576) | (8,055) | — | |
| Net preferred stock issuance | 0 | (5,254) | 0 | 3,772 | 198 | — | |
| Other financing activities | 52,649 | 89,384 | 81,021 | (131,196) | 290,550 | -34.8% | |
| Net cash from financing activities | 69,948 | 60,369 | 93,345 | (106,039) | 291,650 | -30.0% | |
| Cash summary | |||||||
| Effect of forex changes on cash | 4,327 | (3,830) | (70) | (3,123) | (3,408) | — | |
| Net change in cash | (58,269) | (42,959) | 102,870 | (118,018) | (32,242) | — | |
| Cash at beginning of period | 290,114 | 333,073 | 230,203 | 348,221 | 380,463 | -6.6% | |
| Cash at end of period | 231,845 | 290,114 | 333,073 | 230,203 | 348,221 | -9.7% | |
| Free cash flow | 12,613 | (8,805) | 44,982 | (6,327) | (7,193) | — | |
| Income taxes paid | 0 | 3,822 | 3,405 | 2,288 | 2,760 | — | |
| Interest paid | 0 | 89,687 | 69,604 | 18,526 | 4,506 | — | |