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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flow from / (used in) operating activities      
Net profit / (loss) $ 5,146 $ 27,382 $ 7,661
Non-cash items included in net profit and other adjustments:      
Depreciation, amortization and impairment of non-financial assets 3,798 3,750 2,061
Credit loss expense / (release) 551 1,037 29
Share of net (profits) / loss of associates and joint ventures and impairment related to associates (144) 348 (32)
Deferred tax expense / (benefit) (495) (694) 494
Net loss / (gain) from investing activities 101 (102) (1,470)
Net loss / (gain) from financing activities (5,314) 8,534 (16,587)
Other net adjustments 22,379 (15,175) 5,844
Net change in operating assets and liabilities:      
Amounts due from banks and amounts due to banks (2,353) 3,291 (1,088)
Receivables from securities financing transactions measured at amortized cost (23,884) (3,503) 5,690
Payables from securities financing transactions measured at amortized cost (552) (2,014) (1,247)
Cash collateral on derivative instruments 242 96 76
Loans and advances to customers 27,019 27,877 3,529
Customer deposits (15,072) 52,786 (8,692)
Financial assets and liabilities at fair value held for trading and derivative financial instruments (13,594) 3,674 8,006
Brokerage receivables and payables 2,179 (5,962) 6,019
Financial assets at fair value not held for trading and other financial assets and liabilities 5,327 9,938 5,678
Provisions and other non-financial assets and liabilities (116) 3,920 257
Income taxes paid, net of refunds (1,938) (1,852) (1,582)
Net cash flow from / (used in) operating activities 3,279 86,068 14,647
Cash flow from / (used in) investing activities      
Purchase of subsidiaries, business, associates and intangible assets (64) (4) (3)
Disposal of subsidiaries, business, associates and intangible assets 256 121 1,730
Purchase of property, equipment and software (2,008) (1,685) (1,643)
Disposal of property, equipment and software 108 65 161
Net (purchase) / redemption of financial assets measured at fair value through other comprehensive income (3) 30 (699)
Purchase of debt securities measured at amortized cost (5,962) (14,244) (30,792)
Disposal and redemption of debt securities measured at amortized cost 8,384 10,435 18,799
Net cash flow from / (used in) investing activities 709 103,124 (12,447)
Cash flow from / (used in) financing activities      
Repayment of Swiss National Bank funding (42,587) (56,516)  
Net issuance (repayment) of short-term debt measured at amortized cost (7,407) 3,169 (12,249)
Net movements in treasury shares and own equity derivative activity (2,923) (2,779) (6,006)
Distributions paid on UBS shares (2,256) (1,679) (1,668)
Issuance of debt designated at fair value and long-term debt measured at amortized cost 100,145 109,735 79,115
Repayment of debt designated at fair value and long-term debt measured at amortized cost (129,683) (109,471) (67,670)
Inflows from securities financing transactions measured at amortized cost 6,273    
Outflows from securities financing transactions measured at amortized cost (4,740)    
Net cash flows from other financing activities (987) (721) (617)
Net cash flow from / (used in) financing activities (84,165) (58,262) (9,094)
Total cash flow      
Cash and cash equivalents at the beginning of the year 340,207 195,321 207,875
Net cash flow from / (used in) operating, investing and financing activities (80,176) 130,931 (6,895)
Effects of exchange rate differences on cash and cash equivalents (15,940) 13,955 (5,659)
Cash and cash equivalents at the end of the year 244,090 340,207 195,321
of which: cash and balances at central banks 223,329 313,976 169,363
of which: amounts due from banks 17,383 19,212 13,450
of which: money market paper 3,117 7,018 12,508
Net cash flow from / (used in) operating activities includes:      
Interest received in cash 53,498 44,581 15,718
Interest paid in cash 48,252 35,969 8,198
Dividends on equity investments, investment funds and associates received in cash 2,864 2,296 1,907
Credit Suisse      
Cash flow from / (used in) operating activities      
Net profit / (loss)   27,382  
Non-cash items included in net profit and other adjustments:      
Negative goodwill   (27,264)  
Net change in operating assets and liabilities:      
Net cash flow from / (used in) operating activities   86,068  
Cash flow from / (used in) investing activities      
Cash and cash equivalents acquired upon the acquisition of the Credit Suisse Group   108,406  
Net cash flow from / (used in) investing activities   103,124  
Cash flow from / (used in) financing activities      
Net cash flow from / (used in) financing activities   (58,262)  
Total cash flow      
Cash and cash equivalents at the beginning of the year $ 340,207 195,321  
Net cash flow from / (used in) operating, investing and financing activities   130,931  
Effects of exchange rate differences on cash and cash equivalents   13,955  
Cash and cash equivalents at the end of the year   340,207 $ 195,321
of which: cash and balances at central banks   313,976  
of which: amounts due from banks   19,212  
of which: money market paper   $ 7,018