National Bank of Canada
F:NBC

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National Bank of Canada
F:NBC
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-
5Y
-77%
10Y
-27%
Investing Cash Flow
+
3Y
-386%
5Y
-111%
10Y
-26%
Financing Cash Flow
+
3Y
-208%
5Y
+5%
10Y
-15%

Cash Flow Statement
National Bank of Canada

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Cash Flow Statement
Currency: CAD
Jan-2002 Apr-2002 Jul-2002 Oct-2002 Jan-2003 Apr-2003 Jul-2003 Oct-2003 Jan-2004 Apr-2004 Jul-2004 Oct-2004 Jan-2005 Apr-2005 Jul-2005 Oct-2005 Jan-2006 Apr-2006 Jul-2006 Oct-2006 Jan-2007 Apr-2007 Jul-2007 Oct-2007 Jan-2008 Apr-2008 Jul-2008 Oct-2008 Jan-2009 Apr-2009 Jul-2009 Oct-2009 Jan-2010 Apr-2010 Jul-2010 Oct-2010 Jan-2011 Apr-2011 Jul-2011 Oct-2011 Jan-2012 Apr-2012 Jul-2012 Oct-2012 Jan-2013 Apr-2013 Jul-2013 Oct-2013 Jan-2014 Apr-2014 Jul-2014 Oct-2014 Jan-2015 Apr-2015 Jul-2015 Oct-2015 Jan-2016 Apr-2016 Jul-2016 Oct-2016 Jan-2017 Apr-2017 Jul-2017 Oct-2017 Jan-2018 Apr-2018 Jul-2018 Oct-2018 Jan-2019 Apr-2019 Jul-2019 Oct-2019 Jan-2020 Apr-2020 Jul-2020 Oct-2020 Jan-2021 Apr-2021 Jul-2021 Oct-2021 Jan-2022 Apr-2022 Jul-2022 Oct-2022 Jan-2023 Apr-2023 Jul-2023 Oct-2023 Jan-2024 Apr-2024 Jul-2024 Oct-2024 Jan-2025 Apr-2025 Jul-2025 Oct-2025
Operating Cash Flow
Net Income
571
553
436
429
449
465
601
624
644
686
691
725
778
800
840
855
833
845
858
871
894
913
936
541
556
488
531
776
590
666
683
854
1 000
1 020
988
1 034
1 160
1 226
1 291
1 296
1 306
1 532
1 575
1 634
1 656
1 520
1 543
1 512
1 544
1 489
1 528
1 538
1 548
1 590
1 602
1 619
1 465
1 271
1 296
1 256
1 492
1 766
1 806
2 024
2 077
2 140
2 191
2 232
2 234
2 245
2 284
2 322
2 380
2 201
2 195
2 083
2 234
2 656
2 893
3 177
3 348
3 440
3 427
3 383
3 332
3 286
3 299
3 335
3 376
3 435
3 629
3 816
3 891
3 881
3 913
4 017
Depreciation & Amortization
62
48
(14)
58
57
57
54
49
50
88
50
52
55
19
60
63
64
65
67
69
71
73
75
78
80
82
82
82
85
93
97
112
120
122
129
120
120
121
124
127
130
134
137
143
145
147
149
150
153
156
160
167
172
193
242
301
366
408
417
417
406
397
378
351
326
305
301
302
312
323
382
328
565
537
571
448
466
474
479
481
484
492
504
481
482
485
484
524
518
517
516
514
527
551
569
654
Change in Deffered Taxes
117
96
99
(24)
(29)
(20)
(17)
5
(4)
5
3
50
23
20
20
(31)
3
2
9
21
20
28
31
49
45
41
44
(5)
5
(23)
(31)
70
54
39
45
2
0
40
42
54
73
95
35
33
34
2
110
12
40
44
(20)
2
(12)
14
(7)
8
(13)
(93)
(87)
(136)
(158)
(79)
(66)
(13)
33
1
(21)
24
4
26
(2)
(207)
(191)
(292)
(246)
(158)
(135)
(79)
(81)
119
150
204
217
110
2
(45)
(63)
(229)
(200)
(193)
(220)
(138)
(102)
(289)
(133)
(180)
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15
20
26
29
16
13
10
10
11
11
12
12
13
14
13
13
14
15
16
17
17
15
15
15
15
18
17
0
16
7
7
0
15
8
10
15
20
18
16
14
12
12
12
11
11
11
11
12
12
12
12
12
11
10
10
9
9
10
9
13
11
15
17
19
17
22
22
19
18
17
18
17
17
18
19
22
24
Other Non-Cash Items
85
53
187
78
40
19
(130)
(329)
(252)
(214)
(218)
(44)
(25)
(28)
(25)
(5)
(12)
(18)
(7)
9
14
17
17
552
552
550
551
296
294
293
288
45
45
45
54
22
36
47
48
56
47
(198)
(194)
(171)
(171)
117
121
85
82
34
(11)
41
40
314
80
33
204
(86)
133
174
(18)
(16)
22
(41)
(28)
(24)
(22)
(20)
(21)
(23)
61
62
59
60
(25)
76
81
81
83
1
3
(5)
(2)
(2 567)
(2 460)
(5 725)
(19 271)
(12 615)
(15 615)
(13 062)
(9 447)
(16 102)
(21 246)
(27 075)
(24 563)
(32 104)
Cash Taxes Paid
34
98
76
101
311
137
129
127
274
378
400
529
363
336
316
243
217
182
245
217
244
265
180
238
240
100
43
(24)
(15)
2
52
50
159
349
372
468
383
295
358
297
215
224
174
150
311
370
354
352
243
1 118
291
264
293
(606)
220
164
98
119
171
235
467
464
496
612
561
562
590
596
471
471
433
520
629
525
726
536
560
733
531
542
892
937
961
1 118
777
760
780
741
853
901
962
1 085
823
1 036
1 045
1 177
Cash Interest Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1 741
581
946
1 590
1 941
1 955
1 089
2 004
2 047
2 034
3 037
1 968
1 936
1 871
1 829
1 840
1 898
1 976
2 105
2 199
2 315
2 577
2 754
3 096
3 440
3 795
4 087
4 359
4 545
4 504
4 508
4 044
3 535
3 005
2 498
2 349
2 261
2 214
2 192
2 528
3 763
5 614
7 802
10 347
12 236
13 899
15 135
15 993
16 767
17 000
16 529
16 629
16 592
Change in Working Capital
(2 281)
662
(968)
(1 908)
663
(818)
(1 905)
(5 060)
(5 463)
(4 493)
(4 582)
(501)
(3 341)
(7 194)
(7 355)
(8 199)
(3 076)
(3 262)
(938)
(3 117)
(9 300)
(8 026)
(6 002)
1 401
(1 213)
2 507
(1 374)
(2 685)
230
1 180
(3 405)
(1 450)
(777)
(15 335)
(216)
(6 646)
(5 267)
9 156
(3 547)
544
1 201
(2 397)
95
305
(1 046)
(248)
725
(1 063)
631
1 343
1 192
2 304
2 260
3 048
3 808
4 414
2 621
4 672
5 661
3 727
4 228
2 844
1 893
(800)
2 448
267
1 234
3 326
847
(485)
577
5 775
2 404
21 973
24 249
17 532
23 757
7 984
3 020
2 335
2 920
(6 377)
113
(3 329)
4 260
15 362
17 554
14 151
10 461
(1 254)
5 688
16 562
20 121
32 741
24 095
32 248
Cash from Operating Activities
(1 446)
N/A
1 422
N/A
(260)
N/A
(1 367)
-426%
1 180
N/A
(297)
N/A
(1 397)
-370%
(4 711)
-237%
(5 025)
-7%
(3 928)
+22%
(4 056)
-3%
282
N/A
(2 510)
N/A
(6 383)
-154%
(6 460)
-1%
(7 317)
-13%
(2 188)
+70%
(2 368)
-8%
(11)
+100%
(2 147)
-19 418%
(8 301)
-287%
(6 995)
+16%
(4 943)
+29%
2 621
N/A
20
-99%
3 668
+18 240%
(166)
N/A
(1 536)
-825%
1 204
N/A
2 209
+83%
(2 368)
N/A
(369)
+84%
442
N/A
(14 109)
N/A
1 000
N/A
(5 468)
N/A
(3 951)
+28%
10 590
N/A
(2 042)
N/A
2 077
N/A
2 757
+33%
(834)
N/A
1 648
N/A
1 944
+18%
618
-68%
1 538
+149%
2 648
+72%
696
-74%
2 450
+252%
3 066
+25%
2 849
-7%
4 052
+42%
4 008
-1%
5 159
+29%
5 725
+11%
6 375
+11%
4 643
-27%
6 172
+33%
7 420
+20%
5 438
-27%
5 950
+9%
4 912
-17%
4 033
-18%
1 521
-62%
4 856
+219%
2 689
-45%
3 683
+37%
5 864
+59%
3 376
-42%
2 086
-38%
3 246
+56%
8 280
+155%
5 006
-40%
24 324
+386%
26 589
+9%
19 981
-25%
26 403
+32%
11 116
-58%
6 394
-42%
6 113
-4%
6 905
+13%
(2 246)
N/A
4 259
N/A
(1 922)
N/A
5 616
N/A
13 363
+138%
2 003
-85%
5 166
+158%
(1 460)
N/A
(10 557)
-623%
166
N/A
4 652
+2 702%
3 191
-31%
9 809
+207%
3 881
-60%
4 635
+19%
Investing Cash Flow
Capital Expenditures
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(20)
(47)
(80)
(136)
(150)
(156)
(166)
(176)
(170)
(200)
(189)
(146)
(145)
(110)
(112)
(50)
(46)
(661)
(1 585)
(1 572)
(1 600)
(976)
(56)
(140)
(112)
(111)
(94)
(94)
(166)
(169)
(213)
(233)
(169)
(178)
(148)
(144)
(166)
(186)
(186)
(182)
(169)
(180)
(201)
(217)
(252)
(272)
(287)
(296)
(310)
(321)
(339)
(352)
(508)
(493)
(445)
(443)
(263)
(236)
(248)
(233)
Other Items
2 703
1 391
2 042
2 662
(293)
(1 163)
(2 544)
(1 579)
76
(780)
(1 552)
(4 262)
(7 440)
(7 207)
(13 595)
(9 800)
(6 918)
(5 067)
3 656
642
(2 717)
(11 150)
(5 708)
(2 026)
(191)
5 302
(852)
(9 601)
(15 507)
(10 487)
(8 693)
(2 495)
3 069
(1 618)
(9 227)
(6 193)
(4 993)
(3 913)
2 991
(114)
(696)
2 668
552
(1 195)
(1 786)
(2 993)
(2 423)
516
2 162
1 672
1 880
619
(1 303)
(2 031)
(3 542)
(4 048)
(3 743)
(4 093)
(3 563)
(4 120)
(2 684)
(1 718)
(354)
934
(379)
(1 008)
(3 142)
(1 298)
(1 928)
(1 199)
(1 381)
(6 109)
(3 512)
(5 751)
(7 239)
(3 167)
(3 182)
615
3 527
1 609
846
(2 522)
(2 406)
(1 160)
(3 407)
(1 347)
1 067
272
(539)
(750)
(6 630)
(6 893)
(7 197)
(6 605)
(5 859)
(6 847)
Cash from Investing Activities
2 703
N/A
1 391
-49%
2 042
+47%
2 662
+30%
(293)
N/A
(1 163)
-297%
(2 544)
-119%
(1 579)
+38%
76
N/A
(780)
N/A
(1 552)
-99%
(4 262)
-175%
(7 440)
-75%
(7 207)
+3%
(13 595)
-89%
(9 800)
+28%
(6 918)
+29%
(5 067)
+27%
3 656
N/A
642
-82%
(2 717)
N/A
(11 150)
-310%
(5 708)
+49%
(2 026)
+65%
(191)
+91%
5 302
N/A
(852)
N/A
(9 601)
-1 027%
(15 507)
-62%
(10 487)
+32%
(8 693)
+17%
(2 495)
+71%
3 069
N/A
(1 618)
N/A
(9 227)
-470%
(6 193)
+33%
(5 013)
+19%
(3 960)
+21%
2 911
N/A
(250)
N/A
(846)
-238%
2 512
N/A
386
-85%
(1 371)
N/A
(1 956)
-43%
(3 193)
-63%
(2 612)
+18%
370
N/A
2 017
+445%
1 562
-23%
1 768
+13%
569
-68%
(1 349)
N/A
(2 692)
-100%
(5 127)
-90%
(5 620)
-10%
(5 343)
+5%
(5 069)
+5%
(3 619)
+29%
(4 260)
-18%
(2 796)
+34%
(1 829)
+35%
(448)
+76%
840
N/A
(545)
N/A
(1 177)
-116%
(3 355)
-185%
(1 531)
+54%
(2 097)
-37%
(1 377)
+34%
(1 529)
-11%
(6 253)
-309%
(3 678)
+41%
(5 937)
-61%
(7 425)
-25%
(3 349)
+55%
(3 351)
0%
435
N/A
3 326
+665%
1 392
-58%
594
-57%
(2 794)
N/A
(2 693)
+4%
(1 456)
+46%
(3 717)
-155%
(1 668)
+55%
728
N/A
(80)
N/A
(1 047)
-1 209%
(1 243)
-19%
(7 075)
-469%
(7 336)
-4%
(7 460)
-2%
(6 841)
+8%
(6 107)
+11%
(7 080)
-16%
Financing Cash Flow
Net Issuance of Common Stock
17
(167)
(233)
(253)
(96)
(106)
(93)
(72)
(288)
(279)
(307)
(340)
(267)
(20)
(3)
34
(66)
(289)
(227)
(259)
(200)
(170)
(277)
(257)
(219)
90
427
455
761
586
382
388
103
110
80
68
74
(15)
(227)
(375)
(393)
(273)
(60)
10
243
204
208
293
76
422
441
770
748
406
369
316
705
691
1 074
825
517
548
581
401
608
504
273
236
(66)
(26)
(268)
(129)
(63)
(52)
28
570
532
1 089
690
(208)
(240)
(962)
(581)
308
344
558
595
88
99
137
132
153
125
(247)
(223)
(425)
Net Issuance of Debt
(18)
(10)
(45)
(45)
(44)
(35)
0
0
(45)
(45)
(45)
(79)
316
316
(34)
0
150
150
500
350
350
350
350
200
(300)
(300)
200
500
0
250
(250)
(250)
(250)
0
0
0
(10)
(10)
(10)
(10)
(500)
500
500
499
999
0
(1)
0
(526)
(526)
(526)
(525)
(349)
(349)
(349)
(350)
(500)
(500)
(500)
(500)
0
(1 000)
(1 000)
(1 000)
0
750
750
750
750
0
0
0
(21)
(44)
(68)
(88)
(91)
(91)
(91)
(96)
(97)
(99)
650
640
640
(110)
(861)
(852)
(864)
385
387
390
1 403
896
1 550
1 549
Cash Paid for Dividends
(191)
(193)
(194)
(195)
(242)
(200)
(206)
(260)
(228)
(286)
(302)
(202)
(208)
(292)
(228)
(305)
(313)
(252)
(328)
(332)
(424)
(347)
(356)
(372)
(302)
(397)
(408)
(509)
(520)
(432)
(525)
(429)
(363)
(564)
(484)
(393)
(466)
(480)
(380)
(490)
(496)
(397)
(514)
(528)
(545)
(557)
(569)
(581)
(739)
(605)
(622)
(795)
(673)
(486)
(858)
(717)
(733)
(1 101)
(768)
(600)
(615)
(634)
(643)
(846)
(863)
(880)
(900)
(918)
(934)
(954)
(972)
(992)
(1 246)
(1 266)
(1 285)
(1 300)
(1 078)
(1 086)
(1 098)
(1 101)
(857)
(1 196)
(1 256)
(1 325)
(1 660)
(1 414)
(1 460)
(1 503)
(1 540)
(1 575)
(1 607)
(1 640)
(1 673)
(1 769)
(1 862)
(1 952)
Other
2 087
(1 084)
290
230
(3 131)
(948)
3 945
6 805
7 362
9 188
6 635
3 208
8 733
13 368
21 640
18 331
11 129
8 491
(2 336)
6 339
13 695
18 341
11 066
(8 039)
(5 625)
(14 320)
(5 667)
11 161
10 761
7 450
10 465
1 859
(660)
16 827
9 245
11 856
8 852
(7 459)
(557)
(486)
(975)
(302)
(1 736)
(155)
(344)
(270)
(455)
(408)
(210)
(325)
(214)
(181)
(372)
(488)
(272)
(275)
(262)
(75)
(254)
(258)
(69)
(87)
(104)
(90)
(327)
(299)
(712)
(713)
(470)
(472)
(57)
(140)
(143)
(141)
(493)
(414)
(689)
(694)
(309)
(334)
(34)
(30)
(30)
(4)
0
0
0
0
0
0
0
0
0
0
(10)
(347)
Cash from Financing Activities
1 895
N/A
(1 454)
N/A
(182)
+87%
(263)
-45%
(3 513)
-1 236%
(1 289)
+63%
3 646
N/A
6 473
+78%
6 801
+5%
8 578
+26%
5 981
-30%
2 587
-57%
8 574
+231%
13 372
+56%
21 375
+60%
18 060
-16%
10 900
-40%
8 100
-26%
(2 391)
N/A
6 098
N/A
13 421
+120%
18 174
+35%
10 783
-41%
(8 468)
N/A
(6 446)
+24%
(14 927)
-132%
(5 448)
+64%
11 607
N/A
11 502
-1%
7 854
-32%
10 072
+28%
1 568
-84%
(1 170)
N/A
16 373
N/A
8 841
-46%
11 531
+30%
8 450
-27%
(7 964)
N/A
(1 174)
+85%
(1 361)
-16%
(2 364)
-74%
(472)
+80%
(1 810)
-283%
(174)
+90%
353
N/A
(624)
N/A
(817)
-31%
(696)
+15%
(1 399)
-101%
(1 034)
+26%
(921)
+11%
(731)
+21%
(646)
+12%
(917)
-42%
(1 110)
-21%
(1 026)
+8%
(790)
+23%
(985)
-25%
(448)
+55%
(533)
-19%
(167)
+69%
(1 173)
-602%
(1 166)
+1%
(1 535)
-32%
(1 582)
-3%
75
N/A
(589)
N/A
(645)
-10%
(720)
-12%
(1 452)
-102%
(1 297)
+11%
(1 261)
+3%
(1 473)
-17%
(1 503)
-2%
(1 818)
-21%
(1 232)
+32%
(1 326)
-8%
(782)
+41%
(808)
-3%
(1 739)
-115%
(1 228)
+29%
(2 287)
-86%
(1 217)
+47%
(381)
+69%
(680)
-78%
(970)
-43%
(1 730)
-78%
(2 267)
-31%
(2 305)
-2%
(1 053)
+54%
(1 088)
-3%
(1 097)
-1%
(145)
+87%
(1 120)
-672%
(545)
+51%
(1 175)
-116%
Change in Cash
Effect of Foreign Exchange Rates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(7)
14
28
(9)
1
(33)
(30)
(1)
(3)
1
(7)
(1)
1
(7)
(42)
(23)
147
195
261
600
(602)
(665)
1 156
(248)
1 351
864
(1 085)
(29)
(960)
408
(781)
(207)
(139)
(408)
836
266
588
292
95
176
246
418
180
44
(454)
(1 611)
(904)
(1 029)
66
792
533
1 750
1 004
1 353
839
545
(75)
30
678
96
1 623
(104)
(157)
(13)
Net Change in Cash
3 152
N/A
1 359
-57%
1 600
+18%
1 032
-36%
(2 626)
N/A
(2 749)
-5%
(295)
+89%
183
N/A
1 852
+912%
3 870
+109%
373
-90%
(1 393)
N/A
(1 376)
+1%
(218)
+84%
1 320
N/A
943
-29%
1 794
+90%
665
-63%
1 254
+89%
4 593
+266%
2 403
-48%
29
-99%
132
+355%
(7 873)
N/A
(6 617)
+16%
(5 957)
+10%
(6 466)
-9%
470
N/A
(2 801)
N/A
(424)
+85%
(989)
-133%
(1 296)
-31%
2 334
N/A
660
-72%
642
-3%
(139)
N/A
(513)
-269%
(1 367)
-166%
(335)
+75%
465
N/A
(456)
N/A
1 207
N/A
217
-82%
398
+83%
(984)
N/A
(2 286)
-132%
(823)
+64%
347
N/A
3 215
+827%
3 789
+18%
3 957
+4%
4 490
+13%
1 411
-69%
885
-37%
644
-27%
(519)
N/A
(139)
+73%
982
N/A
2 268
+131%
616
-73%
2 027
+229%
2 318
+14%
1 638
-29%
619
-62%
2 590
+318%
1 179
-54%
575
-51%
3 954
+588%
1 147
-71%
(451)
N/A
515
N/A
942
+83%
101
-89%
17 302
+17 031%
17 526
+1%
15 444
-12%
21 272
+38%
9 158
-57%
8 008
-13%
4 737
-41%
6 337
+34%
(6 535)
N/A
882
N/A
(2 009)
N/A
2 223
N/A
12 078
+443%
1 840
-85%
3 364
+83%
(4 887)
N/A
(12 823)
-162%
(7 319)
+43%
(3 685)
+50%
(2 791)
+24%
1 744
N/A
(2 928)
N/A
(3 633)
-24%

See Also

Summary
NBC intrinsic value, competitors valuation, and company profile.
DCF Valuation
NBC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NBC stock valuation using valuation multiples.
Wall Street Estimates
NBC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NBC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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