Loews Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,772	1,494	1,545	891	1,685
Depreciation & Amortization	402	383	347	380	434
Other Adjustments	324	68	307	475	-444
Change in Receivables	-408	-929	-268	-316	-1,409
Changes in Other Operating Activities	1,189	2,009	1,976	1,884	2,357
Operating Cash Flow	3,279	3,025	3,907	3,314	2,623
Operating Cash Flow Growth	8.40%	-22.57%	17.89%	26.34%	50.31%
Capital Expenditures	-579	-632	-686	-660	-482
Purchases of Investments	-8,158	-7,132	-7,311	-10,452	-10,051
Proceeds from Sale of Investments	6,911	5,810	5,911	8,947	9,320
Payments for Business Acquisitions	-	-	-401	-	-
Proceeds from Business Divestments	-	-	-	16	80
Other Investing Activities	-1,002	-21	-258	-198	-54
Investing Cash Flow	-2,828	-1,975	-2,745	-2,347	-1,187
Long-Term Debt Issued	1,401	1,294	778	573	1,199
Long-Term Debt Repaid	-869	-1,366	-878	-640	-1,193
Net Long-Term Debt Issued (Repaid)	532	-72	-100	-67	6
Repurchase of Common Stock	-806	-608	-849	-729	-1,136
Net Common Stock Issued (Repurchased)	-806	-608	-849	-729	-1,136
Common Dividends Paid	-52	-55	-57	-61	-65
Other Financing Activities	-187	-163	-294	-180	-94
Financing Cash Flow	-513	-898	-1,300	-1,037	-1,289
Effect of Exchange Rate Changes on Cash and Cash Equivalents	16	-10	5	-19	-4
Net Cash Flow	-46	142	-133	-89	143
Free Cash Flow	2,700	2,393	3,221	2,654	2,141
Free Cash Flow Growth	12.83%	-25.71%	21.36%	23.96%	106.86%
FCF Margin	14.63%	13.67%	20.26%	18.90%	14.61%
Free Cash Flow Per Share	12.91	10.85	14.14	10.91	8.23
Levered Free Cash Flow	3,211	3,102	2,971	2,359	3,877
Unlevered Free Cash Flow	3,066	3,559	3,380	2,686	4,304

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.