Northern Cash Flow Statement
NASDAQ: NTRSFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Northern free cash flow
In fiscal 2025, Northern generated $5.53 billion of operating cash flow and spent $74.0 million on capital expenditures. That left free cash flow of $5.46 billion, a free-cash-flow margin of 67.5% of revenue. Northern returned $1.87 billion to shareholders: $591.6 million in dividends and $1.27 billion in share repurchases, equal to 34% of free cash flow.
Free cash flow covered dividend payments 9.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
Northern 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 | 1.74B | 2.03B | 1.11B | 1.34B | 1.55B | 1.21B | 1.49B | 1.56B | 1.20B | 1.03B |
| Net Income growth (YoY) | -14.48% | +83.43% | -17.12% | -13.54% | +27.78% | -18.96% | -4.12% | +29.81% | +16.13% | +6.03% |
| Depreciation & Amortization | 779.10M | 716.80M | 634.60M | 553.60M | 515.60M | 500.30M | 458.90M | 460.90M | — | — |
| Stock-Based Compensation | 126.50M | 119.40M | 118.20M | 125.20M | 95.50M | 91.40M | 107.90M | 130.90M | 128.00M | 86.80M |
| Change in Working Capital | -42.60M | -6.10M | 12.00M | 57.90M | -460.90M | 4.50M | -50.30M | -197.00M | -119.30M | -129.20M |
| Operating Cash Flow | 5.53B | -486.00M | 2.63B | 2.39B | 1.36B | 1.90B | 2.59B | 1.77B | 1.72B | 1.51B |
| Capital Expenditures | -74.00M | -101.50M | -116.50M | -128.60M | -95.50M | -135.80M | -158.00M | -97.60M | -91.60M | -111.30M |
| Investing Cash Flow | -20.17B | -2.56B | 4.78B | 25.93B | -18.60B | -29.92B | -3.40B | 4.33B | -14.02B | -10.19B |
| Dividends Paid | -591.60M | -602.30M | -621.50M | -750.20M | -583.30M | -584.60M | -529.70M | -405.40M | -356.80M | -333.00M |
| Share Repurchases | -1.27B | -937.80M | -347.50M | -35.40M | -267.60M | -299.80M | -1.10B | -924.30M | -523.10M | -411.10M |
| Debt Issued | 499.80M | 0 | 0 | 1.99B | 0 | 993.20M | 498.00M | 497.90M | 350.00M | — |
| Debt Repaid | — | 0 | 0 | -500.00M | -500.00M | -508.60M | 0 | -314.30M | -208.70M | -6.70M |
| Financing Cash Flow | 15.18B | 3.44B | -7.18B | -26.44B | 16.07B | 27.87B | 615.90M | -5.82B | 11.25B | 7.54B |
| Net Change in Cash | 1.20B | -114.30M | 137.30M | 1.60B | -1.33B | -69.70M | -122.40M | 63.50M | -813.90M | -1.09B |
| Free Cash Flow | 5.46B | -587.50M | 2.51B | 2.26B | 1.26B | 1.76B | 2.43B | 1.67B | 1.63B | 1.40B |
This table shows 10 annual periods of Northern'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 NTRS's reporting calendar. What is a cash flow statement?