First Horizon Cash Flow Statement
NYSE: FHNFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
First Horizon free cash flow
In fiscal 2025, First Horizon generated $628.0 million of operating cash flow and spent $33.0 million on capital expenditures. That left free cash flow of $595.0 million, a free-cash-flow margin of 17.4% of revenue. Free cash flow was down 51.4% from the prior year's $1.22 billion.
First Horizon returned $1.23 billion to shareholders: $314.0 million in dividends and $918.0 million in share repurchases, equal to 207% of free cash flow. Free cash flow covered dividend payments 1.9 times.
Summary generated from market data by MetaCap's automated system. Methodology
First Horizon cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 998.00M | 794.00M | 916.00M | 912.00M | 1.01B | 857.00M | 452.00M | 557.00M | 176.98M | 238.51M |
| Net Income growth (YoY) | +25.69% | -13.32% | +0.44% | -9.70% | +17.85% | +89.60% | -18.85% | +214.72% | -25.80% | +145.10% |
| Depreciation & Amortization | 64.00M | 101.00M | 102.00M | 85.00M | 45.00M | 46.00M | 65.00M | 59.00M | 70.92M | 64.67M |
| Stock-Based Compensation | 61.00M | 59.00M | 36.00M | 75.00M | 43.00M | 32.00M | 22.00M | 23.00M | 20.63M | 17.54M |
| Change in Working Capital | — | — | — | — | — | — | -21.69M | 28.97M | 223.75M | -44.47M |
| Operating Cash Flow | 628.00M | 1.27B | 1.30B | 2.29B | 725.00M | 172.00M | 830.00M | 234.00M | -28.80M | 179.99M |
| Capital Expenditures | -33.00M | -44.00M | -37.00M | -28.00M | -37.00M | -379.00M | -49.00M | -38.00M | -287.64M | -62.55M |
| Investing Cash Flow | -1.09B | -1.06B | -2.60B | 8.33B | -4.60B | -4.97B | -2.39B | 480.00M | -1.32B | -2.47B |
| Dividends Paid | -314.00M | -332.00M | -335.00M | -324.00M | -333.00M | -222.00M | -171.00M | -139.00M | -79.90M | -63.50M |
| Share Repurchases | -918.00M | -626.00M | -10.00M | -12.00M | -416.00M | -4.00M | -134.00M | -105.00M | -5.55M | -97.40M |
| Debt Issued | 513.00M | 16.00M | 0 | — | — | 1.25B | 0 | 0 | 121.18M | 100.00K |
| Debt Repaid | -366.00M | -6.00M | -450.00M | — | -108.00M | -327.00M | -396.00M | -69.00M | -147.41M | -267.53M |
| Financing Cash Flow | 524.00M | -404.00M | 1.49B | -10.87B | 4.02B | 5.18B | 1.42B | -761.00M | 1.77B | 2.29B |
| Net Change in Cash | 58.00M | -194.00M | 188.00M | -245.00M | 140.00M | 381.00M | -138.00M | -47.00M | 414.25M | 6.73M |
| Free Cash Flow | 595.00M | 1.22B | 1.26B | 2.26B | 688.00M | -207.00M | 781.00M | 196.00M | -316.44M | 117.44M |
This table shows 10 annual periods of First Horizon's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow FHN's reporting calendar. What is a cash flow statement?