Prudential 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	3,978	2,285	1,701	-1,007	-2,042
Depreciation & Amortization	451	523	524	494	472
Other Amortization	-	-	-	-	348
Change in Insurance Reserves / Liabilities	22,660	7,925	12,787	-20,440	9,095
Change in Other Net Operating Assets	-24,004	-7,719	-14,474	22,017	-11,879
Other Operating Activities	-635	595	294	14	4,284
Operating Cash Flow	2,450	3,609	832	1,078	-145
Operating Cash Flow Growth	-32.11%	333.77%	-22.82%	-	-
Capital Expenditures	-104	-101	-44	-34	-36
Sale of Property, Plant & Equipment	4	-	2	-	-
Cash Acquisitions	-297	-557	-415	-298	-773
Investment in Securities	-	-174	-176	-	-
Investing Cash Flow	1,088	-832	-360	-39	-726
Long-Term Debt Issued	462	-	-	346	995
Total Debt Repaid	-95	-93	-486	-2,176	-1,368
Net Debt Issued (Repaid)	367	-93	-486	-1,830	-373
Issuance of Common Stock	2	-	4	2	2,382
Repurchases of Common Stock	-1,252	-860	-	-	-
Common Dividends Paid	-594	-552	-533	-474	-421
Other Financing Activities	-267	-190	-195	-218	2,006
Financing Cash Flow	-1,744	-1,695	-1,210	-2,520	3,594
Foreign Exchange Rate Adjustments	140	-61	-25	-175	-44
Miscellaneous Cash Flow Adjustments	-	-	-	-	-3,527
Net Cash Flow	1,934	1,021	-763	-1,656	-848
Free Cash Flow	2,346	3,508	788	1,044	-181
Free Cash Flow Growth	-33.12%	345.18%	-24.52%	-	-
Free Cash Flow Margin	16.26%	28.46%	7.12%	13.18%	-0.68%
Free Cash Flow Per Share	0.91	1.29	0.29	0.38	-0.07
Cash Interest Paid	237	239	263	220	325
Cash Income Tax Paid	518	549	406	449	453
Levered Free Cash Flow	5,728	3,764	-1,681	7,457	31,293
Unlevered Free Cash Flow	5,842	4,094	-1,392	7,747	31,499
Change in Working Capital	-1,344	206	-1,687	1,577	-2,784

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.