Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 45

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 45
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)(37)(37)Employee equity compensation program Common Share repurchases(1,991)(28)(28)Common Shares reissued (returned) for stock options and other employee benefit plans9,342 (42)170 128 Common Shares reissued under Scotiabank investment agreement, net of issuance costs162,871 (198)2,969 2,771 BALANCE AT DECEMBER 31, 20241,996 1,106,786 $2,500 $1,257 $6,038 $14,584 $(2,733)$(3,470)$18,176 

108

Consolidated Statements of Cash Flows

Year ended December 31,   Dollars in millions202420232022OPERATING ACTIVITIESNet income (loss)$(161)$967 $1,917 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Provision for credit losses335 489 502 Depreciation, amortization, and accretion, net73 154 164 Increase in cash surrender value of corporate-owned life insurance(118)(110)(113)Stock-based compensation expense104 121 120 Deferred income taxes (benefit)(351)(108)(27)Proceeds from sales of loans held for sale8,174 8,859 12,496 Originations of loans held for sale, net of repayments(8,490)(8,434)(10,684)Net losses (gains) from sale of loans held for sale(120)(135)(151)Net losses (gains) on leased equipment(9)(9)7 Net securities and other investments losses (gains)1,856 11 (9)Net losses (gains) on sales of fixed assets(7)18 (7)Net change in:Trading account assets(141)(313)(128)Accrued income and other assets(270)554 (1,044)Accrued expense and other liabilities(72)450 1,409 Other operating activities, net(139)389 17 NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES664 2,903 4,469 INVESTING ACTIVITIESPurchases of intangible assets via acquisitions— — (12)Cash received (used) in acquisitions, net of cash acquired—