Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 31

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 3
Chunk 31
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Truist Financial Corporation   161

Parent Company - Statements of Cash Flows(Dollars in millions)Year Ended December 31,202420232022Cash Flows From Operating Activities:   Net income (loss)$4,840 $(1,047)$6,267 Adjustments to reconcile net income to net cash from operating activities:Equity in (earnings) losses of subsidiaries in excess of dividends from subsidiaries1,951 5,509 (1,620)Other, net156 502 (449)Net cash from operating activities6,947 4,964 4,198 Cash Flows From Investing Activities: Proceeds from maturities, calls, and paydowns of AFS securities12 11 31 Purchases of AFS securities(9)(8)(9)Investment in subsidiaries(323)(905)(4,142)Advances to subsidiaries(22,643)(18,037)(4,110)Proceeds from repayment of advances to subsidiaries19,664 12,383 6,813 Net cash from acquisitions and divestitures78 — — Other, net(1)4 14 Net cash from investing activities(3,222)(6,552)(1,403)Cash Flows From Financing Activities: Net change in short-term borrowings(59)(174)(439)Net issuance (repayment) of long-term debt1,375 5,888 1,700 Repurchase of common stock(1,000)— (250)Redemption of preferred stock(750)— — Cash dividends paid on common and preferred stock(3,135)(3,131)(2,989)Other, net(251)(599)(205)Net cash from financing activities(3,820)1,984 (2,183)Net Change in Cash and Cash Equivalents(95)396 612 Cash and Cash Equivalents, January 111,286 10,890 10,278 Cash and Cash Equivalents, December 31$11,191 $11,286 $10,890 The transfer of funds in the form of dividends, loans, or advances from bank subsidiaries to the Parent Company is restricted. Federal law requires loans to the Parent Company or its affiliates to be secured and at market terms and generally limits loans to the Parent Company or an individual affiliate to 10% of Truist Bank’s un