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Statement of cash flows, indirect method (Statement) - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of cash flows [Line Items]      
Cash flows from (used in) operating activities € (18,190) € (721) € 23,718
Profit (loss) 10,575 8,416 6,763
Adjustments to reconcile profit (loss) 14,817 12,150 11,746
Adjustments for depreciation and amortisation expense 1,533 1,403 1,328
Other adjustments to reconcile profit (loss) 13,283 10,747 10,418
Net increase decrease in operating assets from operating activities (54,265) (77,408) (42,900)
Adjustments for decrease (increase) in financial assets held for trading 28,452 (27,884) 14,658
Net increase decrease in non trading financial assets mandatorily at fair value through profit or loss (2,813) (1,288) (421)
Net increase decrease in other financial assets designated at fair value through profit or loss 119 (42) 179
Net increase decrease in financial assets at fair value through other comprehensive income (1,124) 2,512 (1,014)
Adjustments For Decrease Increase In Financial Assets At Amortised Cost (76,759) (51,182) (55,754)
Adjustments for decrease (increase) in other assets (2,140) 476 (548)
Net increase decrease in operating liabilities from operating activities (16,314) (61,473) (51,343)
Adjustments for increase (decrease) in financial liabilities held for trading (32,695) 24,435 2,907
Other financial liabilities designated at fair value through profit or loss operating activities 2,647 2,003 293
Financial liabilities at amortized cost operating activities 45,970 36,127 48,161
Adjustments for increase (decrease) in other liabilities 392 (1,092) (17)
Income taxes paid (refund), classified as operating activities (5,631) (5,353) (3,234)
Cash flows from (used in) investing activities, continuing operations (1,423) (1,419) (3,911)
Outflows of cash from investing activities (2,039) (1,912) (4,506)
Purchase of property, plant and equipment, classified as investing activities (1,195) (1,129) (1,812)
Purchase of intangible assets, classified as investing activities (816) (690) (630)
Other cash payments to acquire interests in joint ventures, classified as investing activities (1) (93) (81)
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities (28) 0 (1,389)
Investment non current assets classified as held for sale and associated liabilites 0 0 594
Investment other settlements related to investing activities 0 0 0
Inflows of cash from investing activities 617 492 596
Proceeds from sales of property, plant and equipment 104 92 29
Proceeds from sales of intangible assets 0 0 0
Other cash receipts from sales of interests in joint ventures 32 58 127
Cash flows from losing control of subsidiaries or other businesses 73 21 0
Proceeds from disposal of non-current assets or disposal groups classified as held for sale and discontinued operations 408 321 440
Other collections related to investing activities 0 0 0
Cash flows from (used in) financing activities, continuing operations (2,567) (1,842) (7,563)
Payments from financing activities 8,773 7,224 7,996
Dividends paid, classified as financing activities (3,913) (2,808) (2,185)
Repayments of subordinated liabilities (2,599) (1,629) (2,258)
Treasury stock amortization from financing activities 37 94 313
Treasury stock acquisitions from financing activities 1,492 2,072 2,670
Other Outflows Of Cash Classified As Financing Activities (732) (622) (571)
Collections from financing activities 6,205 5,383 434
Proceeds from issue of subordinated liabilities 5,514 4,672 0
Proceeds from issuing shares 0 0 0
Collections Treasury shares disposal 691 711 434
Other Inflows Of Cash Classified As Financing Activities 0 0 0
Effect of exchange rate changes on cash and cash equivalents (2,091) (357) (288)
Increase decrease in cash and cash equivalents including companies held for sale (24,271) (4,339) 11,957
Cash and cash equivalents at beginning of period 75,416 79,756 [1] 67,799
Cash and cash equivalents at end of period 51,145 75,416 79,756 [1]
Components of cash and cash equivalents at the end of the period [Line Items]      
Cash 8,636 7,751 6,533
Cash and bank balances at central banks [2] 35,306 60,750 67,314
Other financial assets 7,202 6,916 5,909
Bank overdrafts 0 0 0
Cash and cash equivalents € 51,145 € 75,416 € 79,756 [1]
[1]
(1) Balances corresponding to 2022 have been restated according to IFRS 17 (see Note 1.3).
[2]
(1) The variation is mainly due to the evolution of the balances held in the Bank of Spain.