Prudential Financial, Inc. (FRA:PLL)

Prudential Financial Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	3,576	2,727	2,488	-1,647	8,868
Depreciation & Amortization	128	383	-70	117	206
Gain (Loss) on Sale of Investments	3,484	2,834	3,112	5,635	-1,816
Change in Income Taxes	-493	-146	-442	-1,594	259
Change in Insurance Reserves / Liabilities	3,493	4,803	5,489	6,132	8,741
Change in Other Net Operating Assets	-6,373	-3,958	-5,136	-4,010	-4,233
Other Operating Activities	3,671	2,970	1,761	344	-2,230
Operating Cash Flow	6,271	8,502	6,510	5,158	9,812
Operating Cash Flow Growth	-26.24%	30.60%	26.21%	-47.43%	17.26%
Investment in Securities	-23,936	-24,542	-8,005	-6,654	-5,185
Other Investing Activities	-382	-746	-2,005	-1,979	-1,025
Investing Cash Flow	-25,892	-28,585	-12,122	-7,638	-5,342
Short-Term Debt Issued	2,330	3,884	10	-	339
Long-Term Debt Issued	2,759	2,859	2,076	2,843	268
Total Debt Issued	5,089	6,743	2,086	2,843	607
Total Debt Repaid	-1,985	-2,014	-2,474	-2,939	-1,708
Net Debt Issued (Repaid)	3,104	4,729	-388	-96	-1,101
Issuance of Common Stock	109	201	126	163	200
Repurchases of Common Stock	-1,000	-1,000	-1,012	-1,488	-2,500
Common Dividends Paid	-1,926	-1,891	-1,846	-1,817	-1,814
Other Financing Activities	848	830	645	2,226	-364
Financing Cash Flow	20,773	19,394	7,739	4,933	-3,011
Foreign Exchange Rate Adjustments	77	-254	37	-159	-309
Miscellaneous Cash Flow Adjustments	-	-	-	-2,071	2,071
Net Cash Flow	1,229	-943	2,164	223	3,221
Cash Interest Paid	1,907	1,995	1,555	1,452	1,452
Cash Income Tax Paid	1,398	756	895	1,090	1,668
Levered Free Cash Flow	12,619	-993.38	2,742	-3,049	-13,374
Unlevered Free Cash Flow	12,619	-993.38	2,742	-3,049	-13,374
Change in Working Capital	-4,588	-412	-958	-194	3,724

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