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Consolidated cash flow statement - GBP (£)
£ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Operating profit before tax from continuing operations £ 6,195 £ 6,178 £ 5,132
Operating profit/(loss) before tax from discontinued operations 81 (112) (262)
Adjustments for:      
Non-cash and other items 4,365 3,208 1,203
Change in operating assets and liabilities (7,267) (25,679) (48,447)
Income taxes paid (1,602) (1,033) (1,223)
Net cash flows from operating activities [1],[2] 1,772 (17,438) (43,597)
Cash flows from investing activities      
Sale and maturity of other financial assets 41,618 25,195 36,975
Purchase of other financial assets (53,961) (44,906) (23,510)
Income received on other financial assets 1,829 1,099 659
Net movement in business interests and intangible assets (1,919) 4,601 5,420
Sale of property, plant and equipment 198 128 154
Purchase of property, plant and equipment (464) (811) (639)
Net cash flows from investing activities (12,699) (14,694) 19,059
Cash flows from financing activities      
Issue of paid-in equity 1,390    
Issue of subordinated liabilities 1,386 611 648
Redemption of subordinated liabilities (999) (1,250) (3,693)
Interest paid on subordinated liabilities (459) (439) (374)
Issue of MRELs 5,051 3,973 3,721
Maturity and redemption of MRELs (2,854) (4,236) (4,992)
Interest paid on MRELs (885) (844) (703)
Shares repurchased (2,716) (2,416) (2,054)
Dividends paid (1,800) (1,703) (3,205)
Net cash flows from financing activities (1,886) (6,304) (10,652)
Effects of exchange rate changes on cash and cash equivalents (1,166) (1,189) 2,933
Net decrease in cash and cash equivalents (13,979) (39,625) (32,257)
Cash and cash equivalents at 1 January 118,824 158,449 190,706
Cash and cash equivalents at 31 December £ 104,845 £ 118,824 £ 158,449
[1] Includes interest received of £24,996 million (2023 - £20,345 million, 2022 - £12,638 million) and interest paid of £13,689 million (2023 - £8,871 million, 2022 - £2,357 million).
[2] The total cash outflow for leases is £95 million (2023 - £122 million; 2022 - £170 million), including payment of principal amount of £79 million (2023 - £102 million, 2022 - £145 million) which are included in the operating activities.