$CM
CANADIAN IMPERIAL BANK OF COMMERCE /CAN/
CIK:0001045520|SEC Filings
Consolidated statement of cash flows - CAD ($) $ in Millions |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Oct. 31, 2025 |
Oct. 31, 2024 |
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| Cash flows provided by (used in) operating activities | |||||||
| Net income | $ 8,454 | $ 7,154 | |||||
| Adjustments to reconcile net income to cash flows provided by (used in) operating activities: | |||||||
| Provision for credit losses | 2,342 | 2,001 | |||||
| Amortization and impairment | [1] | 1,178 | 1,170 | ||||
| Stock options and restricted shares expense | 20 | 16 | |||||
| Deferred income taxes | (257) | (244) | |||||
| Losses (gains) from debt securities measured at FVOCI and amortized cost | 14 | (43) | |||||
| Net losses (gains) on disposal of property and equipment | (2) | (1) | |||||
| Other non-cash items, net | (16) | (1,822) | |||||
| Net changes in operating assets and liabilities | |||||||
| Interest-bearing deposits with banks | 7,875 | (4,597) | |||||
| Loans, net of repayments | (33,381) | (28,930) | |||||
| Deposits, net of withdrawals | 37,183 | 34,467 | |||||
| Obligations related to securities sold short | 2,602 | 2,976 | |||||
| Accrued interest receivable | 44 | (711) | |||||
| Accrued interest payable | (983) | 452 | |||||
| Derivative assets | (1,921) | (3,240) | |||||
| Derivative liabilities | 328 | (813) | |||||
| Securities measured at FVTPL | (22,817) | (23,319) | |||||
| Other assets and liabilities measured/designated at FVTPL | 5,090 | 3,431 | |||||
| Current income taxes | (489) | (257) | |||||
| Cash collateral on securities lent | (1,966) | (84) | |||||
| Obligations related to securities sold under repurchase agreements | 19,889 | 23,035 | |||||
| Cash collateral on securities borrowed | (4,669) | (2,377) | |||||
| Securities purchased under resale agreements | (2,974) | (3,537) | |||||
| Other, net | (1,706) | 6,361 | |||||
| Net cash flows provided by (used in) operating activities | 13,838 | 11,088 | |||||
| Cash flows provided by (used in) financing activities | |||||||
| Issue of subordinated indebtedness | 1,250 | 2,250 | |||||
| Redemption/repurchase/maturity of subordinated indebtedness | (1,069) | (1,536) | |||||
| Issue of preferred shares and LRCNs, net of issuance cost | 2,757 | 996 | |||||
| Redemption of preferred shares and LRCNs | (1,350) | (975) | |||||
| Issue of common shares for cash | 158 | 312 | |||||
| Purchase of common shares for cancellation | (1,731) | (419) | |||||
| Net sale (purchase) of treasury shares | 4 | (4) | |||||
| Dividends and distributions paid | (3,993) | (2,947) | |||||
| Repayment of lease liabilities | (309) | (287) | |||||
| Other, net | (29) | ||||||
| Net cash flows provided by (used in) financing activities | (4,312) | (2,610) | |||||
| Cash flows provided by (used in) investing activities | |||||||
| Purchase of securities measured/designated at FVOCI and amortized cost | (98,369) | (76,528) | |||||
| Proceeds from sale of securities measured/designated at FVOCI and amortized cost | 46,299 | 29,761 | |||||
| Proceeds from maturity of debt securities measured at FVOCI and amortized cost | 47,404 | 27,105 | |||||
| Net sale (purchase) of property, equipment, software and other intangible assets | (1,109) | (1,089) | |||||
| Net cash flows provided by (used in) investing activities | (5,775) | (20,751) | |||||
| Effect of exchange rate changes on cash and non-interest-bearing deposits with banks | 63 | 22 | |||||
| Net increase (decrease) in cash and non-interest-bearing deposits with banks during the year | 3,814 | (12,251) | |||||
| Cash and non-interest-bearing deposits with banks at beginning of year | 8,565 | [2] | 20,816 | ||||
| Cash and non-interest-bearing deposits with banks at end of year | [2] | 12,379 | 8,565 | ||||
| Cash interest paid | 33,975 | 38,038 | |||||
| Cash interest received | 46,993 | 49,761 | |||||
| Cash dividends received | 1,812 | 1,713 | |||||
| Cash income taxes paid | $ 3,231 | $ 2,513 | |||||
| |||||||
Consolidated balance sheet - CAD ($) $ in Millions |
Oct. 31, 2025 |
Oct. 31, 2024 |
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|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Cash and non-interest-bearing deposits with banks | [1] | $ 12,379 | $ 8,565 | |||
| Interest-bearing deposits with banks | 31,624 | 39,499 | ||||
| Securities (Note 4) | 283,235 | 254,345 | ||||
| Cash collateral on securities borrowed | 21,697 | 17,028 | ||||
| Securities purchased under resale agreements | 86,695 | 83,721 | ||||
| Loans (Note 5) | ||||||
| Residential mortgages | 287,033 | 280,672 | ||||
| Personal | 47,866 | 46,681 | ||||
| Credit card | 21,581 | 20,551 | ||||
| Business and government | [2] | 237,416 | 214,305 | |||
| Allowance for credit losses | (4,392) | (3,917) | ||||
| Total loans | 589,504 | 558,292 | ||||
| Other | ||||||
| Derivative instruments (Note 12) | 38,352 | 36,435 | ||||
| Property and equipment (Note 7) | 3,443 | 3,359 | ||||
| Goodwill (Note 8) | 5,475 | 5,443 | ||||
| Software and other intangible assets (Note 8) | 2,894 | 2,830 | ||||
| Investments in equity-accounted associates and joint ventures (Note 24) | 808 | 785 | ||||
| Deferred tax assets (Note 18) | 1,027 | 821 | ||||
| Other assets (Note 9) | 39,805 | 30,862 | ||||
| Other miscellaneous assets | 91,804 | 80,535 | ||||
| Total assets | 1,116,938 | 1,041,985 | ||||
| Deposits (Note 10) | ||||||
| Personal | 258,139 | 252,894 | ||||
| Business and government | 457,284 | 435,499 | ||||
| Bank | 26,723 | 20,009 | ||||
| Secured borrowings | 65,978 | 56,455 | ||||
| Deposits | 808,124 | 764,857 | ||||
| Obligations related to securities sold short | 24,244 | 21,642 | ||||
| Cash collateral on securities lent | 6,031 | 7,997 | ||||
| Obligations related to securities sold under repurchase agreements | 130,042 | 110,153 | ||||
| Other | ||||||
| Derivative instruments (Note 12) | 41,411 | 40,654 | ||||
| Deferred tax liabilities (Note 18) | 47 | 49 | ||||
| Other liabilities (Note 11) | [2] | 34,807 | 30,161 | |||
| Other miscellaneous liabilities | 76,265 | 70,864 | ||||
| Subordinated indebtedness (Note 14) | 7,819 | 7,465 | ||||
| Total liabilities | 1,052,525 | 982,978 | ||||
| Equity | ||||||
| Contributed surplus | 226 | 159 | ||||
| Retained earnings | 36,471 | 33,471 | ||||
| Accumulated other comprehensive income (AOCI) | 4,218 | 3,148 | ||||
| Total shareholders' equity | 64,129 | 58,735 | ||||
| Non-controlling interests | 284 | 272 | ||||
| Total equity | 64,413 | 59,007 | ||||
| Total liabilities and equity | 1,116,938 | 1,041,985 | ||||
| Preferred shares and other equity instruments [member] | ||||||
| Equity | ||||||
| Issued shares (Note 15) | 6,369 | 4,946 | ||||
| Total equity | 6,369 | 4,946 | ||||
| Common shares [member] | ||||||
| Equity | ||||||
| Issued shares (Note 15) | 16,845 | 17,011 | ||||
| Total equity | $ 16,845 | $ 17,011 | ||||
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