NORTHERN TRUST CORP
For the period ended Mar 31, 2024. Filed Apr 23, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 23, 2024
NTRS$177.89+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) | NORTHERN TRUST CORPORATION |
|---|
| THREE MONTHS ENDED MARCH 31, | ||
|---|---|---|
| (In Millions) | 2024 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Income | $214.7 | $334.6 |
| Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities | ||
| Investment Security Losses/(Gains) | 189.4 | (6.9) |
| Amortization and Accretion of Securities and Unearned Income, net | (7.7) | 7.0 |
| Provision for Credit Losses | (8.5) | 15.0 |
| Depreciation and Amortization | 170.3 | 154.9 |
| Pension Plan Contributions | (208.0) | (16.5) |
| Change in Receivables | (173.4) | (193.1) |
| Change in Interest Payable | 56.4 | 59.8 |
| Change in Collateral With Derivative Counterparties, net | (1,118.0) | (717.8) |
| Other Operating Activities, net | (567.8) | 198.1 |
| Net Cash Used in Operating Activities | (1,452.6) | (164.9) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Change in Securities Purchased under Agreements to Resell | 251.9 | 36.4 |
| Change in Interest-Bearing Deposits with Banks | 523.3 | 360.0 |
| Net Change in Federal Reserve and Other Central Bank Deposits | (6,267.8) | 1,021.6 |
| Purchases of Held to Maturity Debt Securities | (6,134.3) | (9,867.8) |
| Proceeds from the Maturity and Redemption of Held to Maturity Debt Securities | 8,606.3 | 10,412.9 |
| Purchases of Available for Sale Debt Securities | (5,537.5) | (1,273.9) |
| Proceeds from the Maturity and Sales of Available for Sale Debt Securities | 2,894.5 | 3,626.5 |
| Change in Loans | 253.7 | 528.9 |
| Purchases of Buildings and Equipment | (14.3) | (11.5) |
| Purchases and Development of Computer Software | (113.5) | (117.6) |
| Change in Client Security Settlement Receivables | 90.7 | 400.2 |
| Other Investing Activities, net | 653.6 | (196.5) |
| Net Cash (Used in) / Provided by Investing Activities | (4,793.4) | 4,919.2 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Change in Deposits | 7,982.9 | (10,478.1) |
| Change in Federal Funds Purchased | (445.0) | 2,590.4 |
| Change in Securities Sold under Agreements to Repurchase | (273.3) | (204.3) |
| Change in Short-Term Other Borrowings | (30.5) | 3,766.3 |
| Treasury Stock Purchased | (132.0) | (100.9) |
| Net Proceeds from Stock Options | 4.1 | 1.6 |
| Cash Dividends Paid on Common Stock | (153.6) | (156.5) |
| Cash Dividends Paid on Preferred Stock | (16.2) | (16.2) |
| Other Financing Activities, net | (0.4) | — |
| Net Cash Provided by / (Used in) Financing Activities | 6,936.0 | (4,597.7) |
| Effect of Foreign Currency Exchange Rates on Cash | (172.8) | 15.1 |
| Change in Cash and Due from Banks | 517.2 | 171.7 |
| Cash and Due from Banks at Beginning of Period | 4,791.5 | 4,654.2 |
| Cash and Due from Banks at End of Period | $5,308.7 | $4,825.9 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| Interest Paid | $1,857.0 | $864.1 |
| Income Taxes Paid | 39.3 | 31.2 |
| Reclassification of certain cash collateral received from Other Operating Activities to Deposits (1) | 765.3 | — |
(1) Beginning January 1, 2024, Northern Trust reclassified certain cash collateral received from Other Liabilities to Deposits on the consolidated statement of financial condition. Prior periods have not been restated.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.