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KeyCorp Cash Flow Statement

Operating, investing, and financing cash movements

KeyCorp generated $2.3B in operating cash flow over the trailing twelve months. After $109.0M in capital expenditures, free cash flow was $2.2B. Free cash flow increased 2.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.3BNet Cash From Investing (TTM)$3.5BNet Cash From Financing (TTM)-$4.7BCapital Expenditures (TTM)$109.0MDepreciation And Amortization Cf (TTM)$13.0MNet Change In Cash (TTM)-$779.0M
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$24.1B
P/E Ratio12.39
ROE9.98%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$23M$10M$23M$29M$45M$12M
Net Decrease Increase In Loans Excluding Acquisitions Sales And Transfers-$958M$679M$1.6B—$714M$2.7B
Net Increase Decrease In Short Term Investments—-$2.2B-$3.8B—-$3.2B$1.6B
Payments to Acquire Held-to-Maturity Securities$0$0——$1.4B$869M
Payments to Acquire Other Investments—$7M$9M——$255M
Proceeds From Life Insurance Policies$17M$19M$11M$26M$30M$23M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$1B$1.5B$1.7B$1.7B$2.4B$1.2B
Sale of investments$2B$0$0$5M$0$650M
Sales of notes receivable originally classified as held for investment$38M$36M$30M$56M$34M$35M
Net cash from investing activities$1.2B-$711M$2.7B—$2.4B-$4.6B
Proceeds from maturities/sales of investments$2B$0$0$5M$0$650M
Purchases of fixed maturity securities$0$0——$1.4B$869M
Purchases of investments$8.5B$4B$1.4B$1.1B$1.3B$1.4B

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accrued liabilities—-$792M——-$29M-$520M
Other working capital changes—-$300M-$205M-$17M-$11M$46M
Deferred income taxes$213M-$30M—$31M-$19M-$53M
Depreciation and amortization$5M$3M$8M$7M$3M-$5M
Net cash from operating activities$1.7B-$140M$1.2B$396M$718M-$62M
Net income-$244M$405M$425M$489M$510M$522M
Gain (Loss) on Sales of Loans, Net$36M$30M$30M$33M$54M$36M
Gains Losses On Leased Equipment$1M-$4M$4M$0$0-$1M
Increase (Decrease) In Accrued Income And Other Assets$494M$189M-$284M$172M-$298M$643M
Increase (Decrease) in Deferred Income Taxes$213M-$30M—$31M-$19M-$53M
Increase Decrease In Trading Securities—$13M$78M-$402M—-$278M
Life Insurance, Corporate or Bank Owned, Change in Value$32M$29M$30M$31M$33M$30M
Originations Of Loans Held For Sale Net Of Repayments$2.8B$1.7B$1.8B$3.4B$3.3B$2B
Proceeds From Sale Of Loans Held For Sale$3.1B$1.7B$2B$3B$3.3B$2.2B
Provision for Loan, Lease, and Other Losses$39M$118M$138M$107M$108M$106M
Provision for credit losses$39M$118M$138M$107M$108M$106M
Stock-based compensation$28M$30M$33M$36M$33M$31M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$81M$833M$578M$73M$72M$1.1B
Repayments of debt$3.4B$701M$1B$1.3B$1.1B$74M
Dividends paid$238M$265M$263M$264M$262M$259M
Increase (Decrease) in Deposits—$977M-$3.8B$3.9B-$2.1B-$898M
Payments For Repurchase of Common Stock, Open Market$0$0———$389M
Payments for Repurchase of Other Equity$1M$35M———$46M
Proceeds from issuance of commercial paper and other short-term borrowings-$259M$206M$424M-$1.4B-$265M$5.1B
Net cash from financing activities-$2.5B$1B-$4.1B—-$3.8B$4.5B
Net change in deposits—$977M-$3.8B$3.9B-$2.1B-$898M
Proceeds from issuance of common stock$2B$2M$1M-$3M$0$5M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.7B-$150M$1.2B$367M$673M-$74M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$0-$1M$5M$24M$43M$43M
Interest paid$1B$938M$974M$927M$871M$754M
Income Taxes Paid, Net$0-$1M$5M$24M$43M$43M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash$467M$166M-$143M$172M-$651M-$157M
Reduction of secured borrowing and related collateral$1M$1M——$1M$0
Transfer from trading securities to investment securities$1M$0$71M$0$35M$13M
Real Estate Owned, Transfer to Real Estate Owned$2M$2M$0$1M$2M$1M