Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 457

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 457
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 subsidiaries732 359 100 Other income47 25 27 Total income8,140 5,381 5,097 Expenses: Interest expense1,382 957 369 Other expenses130 142 131 Total expenses1,512 1,099 500 Income before income taxes and equity in undistributed earnings of subsidiaries6,628 4,282 4,597 Income tax benefit163 180 50 Income before equity in undistributed earnings of subsidiaries6,791 4,462 4,647 Equity in undistributed earnings (losses) of subsidiaries in excess of dividends from subsidiaries(1,951)(5,509)1,620 Net income (loss)4,840 (1,047)6,267 Total OCI4,293 1,095 (11,997)Total comprehensive income$9,133 $48 $(5,730)

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(