Cullen/Frost Bankers, Inc. (CFR) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | 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 |
|---|
| Cash from Operations | 237.32M | 180.74M | 248.58M | 140.77M | -296.11M | 64.3M | 307.22M | 129.58M | 488.43M | -83M | 238.69M | 154.81M | 168.35M | 182.67M | 244.86M | -37.77M | 332.82M | 95.68M | 204.02M | 128.82M |
| Operating CF Growth % | 180.15% | 181.07% | -19.09% | 8.64% | -160.62% | 177.47% | 28.71% | -16.3% | 190.14% | -145.44% | -2.52% | 509.87% | -49.42% | 90.92% | 20.01% | -129.32% | 51.45% | 94.69% | -23.91% | 406.96% |
| Net Income | 170.99M | 166.25M | 174.38M | 157M | 150.92M | 154.85M | 146.5M | 145.5M | 135.69M | 102.55M | 155.65M | 162.12M | 177.65M | 191.17M | 169.76M | 119.11M | 99.1M | 101.02M | 107.97M | 118.07M |
| Depreciation & Amortization | 25.98M | 21.82M | 41.2M | 21.84M | 21.89M | 21.4M | 20.72M | 20.46M | 20.24M | 20.18M | 19.18M | 18.6M | 18.47M | 18.04M | 17.9M | 17.86M | 17.55M | 17.74M | 17.49M | 17.12M |
| Deferred Taxes | -2.23M | 2.33M | 7.06M | -2.73M | -1.29M | -435K | -3.45M | -3.27M | -4.45M | -11.78M | -558K | -680K | -1.81M | -1.54M | -974K | -1.97M | -432K | 3.11M | -516K | 1.02M |
| Other Non-Cash Items | 37.4M | 15.4M | -519.97M | 16.98M | 12.76M | 19.98M | 23.4M | 21.38M | 21.49M | 25.09M | 20.48M | 21.49M | 23.91M | 22.9M | 19.82M | 21.83M | 25.55M | 19.26M | 26M | 25.42M |
| Working Capital Changes | 0 | -36.63M | 541.64M | -57.16M | -484.48M | -141.24M | 118.29M | -59.02M | 311.73M | -230.98M | 40.82M | -51.52M | -54.62M | -57.52M | 35.18M | -198.01M | 188.94M | -50.45M | 51.09M | -36.04M |
| Cash from Investing | -1.33B | 550.3M | -275.19M | -57.57M | -1.82B | -294.41M | 179.12M | -686.09M | 620.5M | -111.92M | -112.19M | -69.34M | -649.29M | -1.73B | -1.58B | -1.71B | -3.26B | -3.34B | 51.99M | 1.16B |
| Purchase of Investments | 0 | -6.11B | 2.38B | -2.38B | -5.9B | -10.46B | -3.68B | -2.83B | -927.16M | -5.68B | -5.84B | -600.33M | -8.15B | -16.02B | -2.39B | -1.8B | -3.39B | -20.11B | -3.3B | -346.08M |
| Sale/Maturity of Investments | 0 | 7.15B | -2.71B | 2.71B | 4.26B | 10.93B | 3.95B | 2.78B | 2.15B | 6.04B | 6.42B | 835.2M | 7.88B | 14.55B | 1.05B | 298.13M | 347.24M | 17.3B | 2.6B | 227.54M |
| Net Investment Activity | 0 | 1.04B | -323.42M | 323.42M | -1.64B | 461.55M | 267.91M | -48.42M | 1.22B | 358.93M | 574.74M | 234.87M | -270.42M | -1.48B | -1.34B | -1.5B | -3.04B | -2.81B | -705.34M | -118.54M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -1.33B | -443.72M | 21.97M | -354.73M | -135.08M | -718.31M | -63.47M | -611.06M | -566.21M | -430.29M | -654.03M | -265.16M | -332.76M | -205.31M | -212.4M | -192.51M | -206.75M | -503.13M | 766.37M | 1.3B |
| Cash from Financing | -637.24M | 202.78M | 850.75M | -820.52M | -266.1M | 1.27B | 1.57B | -763.22M | -1.33B | 1.26B | 384.25M | -2.28B | -2.25B | -59.31M | 1.31B | 951.47M | 800.96M | 3.57B | 813.56M | 2.09B |
| Dividends Paid | -1.67M | -65.73M | -66.37M | -66.6M | -63.33M | -63.17M | -63M | -61.48M | -61.47M | -61.44M | -61.18M | -58.08M | -58.3M | -58.17M | -57.99M | -50.18M | -50.11M | -49.95M | -49.78M | -47.94M |
| Share Repurchases | 0 | -85.37M | -69.78M | -76K | -2.6M | -8.63M | -20.05M | -30.15M | -2.07M | -2.22M | -11.37M | -27.95M | -1.17M | -3.4M | 0 | 0 | -996K | -2.52M | -54K | 0 |
| Stock Issued | 0 | 4.07M | 1.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | 0 | -81.31M | -67.86M | -76K | -2.6M | -8.63M | -20.05M | -30.15M | -2.07M | -2.22M | -11.37M | -27.95M | -1.17M | -3.4M | 0 | 0 | -996K | -2.52M | -54K | 0 |
| Debt Issuance (Net) | 0 | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 1000K |
| Other Financing | -635.57M | 400.71M | 833.54M | -704.81M | -328.37M | 1.01B | 1.41B | -486.05M | -1.11B | 934.59M | 292M | -1.48B | -1.77B | -2.6B | 963.69M | 1.17B | 1.74B | 3.1B | 879.75M | 1.82B |
| Net Change in Cash | -1.73B | 933.82M | 824.15M | -737.32M | -2.38B | 1.04B | 2.05B | -1.32B | -222.76M | 1.07B | 510.75M | -2.19B | -2.73B | -1.6B | -25.89M | -798.5M | -2.13B | 329.03M | 1.07B | 3.38B |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 8.87B | 7.94B | 7.12B | 7.85B | 10.23B | 9.2B | 7.14B | 8.46B | 8.69B | 7.62B | 7.11B | 9.3B | 12.03B | 13.63B | 13.66B | 14.46B | 16.58B | 16.25B | 15.18B | 11.8B |
| Cash at End | 7.14B | 8.87B | 7.94B | 7.12B | 7.85B | 10.23B | 9.2B | 7.14B | 8.46B | 8.69B | 7.62B | 7.11B | 9.3B | 12.03B | 13.63B | 13.66B | 14.46B | 16.58B | 16.25B | 15.18B |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 164.74M | 0 | 0 | 0 | 49.3M | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30.5M | 0 | 0 | 0 | 33M | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 237.32M | 138.22M | 315.8M | 114.51M | -337.06M | 26.66M | 281.89M | 102.96M | 450.25M | -123.57M | 205.78M | 115.76M | 122.24M | 135.8M | 217.24M | -53.41M | 320.45M | 66.92M | 194.99M | 113.59M |
| FCF Growth % | 170.41% | 418.55% | 12.03% | 11.21% | -174.86% | 121.57% | 36.98% | -11.05% | 268.32% | -190.99% | -5.27% | 316.72% | -61.85% | 102.94% | 11.41% | -147.02% | 54.84% | 88.03% | -18.18% | 282.45% |