FWD Group Holdings 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	166	24	-716	-219	200
Depreciation & Amortization	88	96	103	107	109
Other Amortization	45	46	44	32	31
Other Operating Activities	-52	360	1,198	-311	-1,258
Operating Cash Flow	247	526	629	-391	-868
Operating Cash Flow Growth	-53.04%	-16.38%	-	-	-
Capital Expenditures	-12	-25	-10	-11	-17
Sale of Property, Plant & Equipment	-	-	1	1	2
Purchase / Sale of Intangible Assets	-76	-130	-58	-470	46
Cash Acquisitions	-	-	19	-	-
Investment in Securities	-	-49	-51	-54	-273
Other Investing Activities	4	9	2	7	246
Investing Cash Flow	-84	-110	-97	-553	-94
Short-Term Debt Issued	-	900	-	50	-
Long-Term Debt Issued	2,150	650	325	-	1,000
Total Debt Issued	2,150	1,550	325	50	1,000
Total Debt Repaid	-1,940	-1,314	-44	-92	-2,304
Net Debt Issued (Repaid)	210	236	281	-42	-1,304
Issuance of Common Stock	466	-	-	400	2,025
Repurchases of Common Stock	-750	-600	-	-250	-
Common Dividends Paid	-64	-112	-110	-87	-65
Other Financing Activities	-255	-229	-146	-211	292
Financing Cash Flow	-393	-705	25	-190	948
Foreign Exchange Rate Adjustments	30	-32	-23	-46	-72
Net Cash Flow	-200	-321	534	-1,180	-86
Free Cash Flow	235	501	619	-402	-885
Free Cash Flow Growth	-53.09%	-19.06%	-	-	-
Free Cash Flow Margin	7.71%	17.78%	34.93%	-19.92%	-7.82%
Free Cash Flow Per Share	0.18	0.53	0.66	-0.43	-1.01
Cash Interest Paid	219	211	164	110	133
Cash Income Tax Paid	49	296	93	39	48
Levered Free Cash Flow	-158.88	1,314	-3,513	7,533	-2,101
Unlevered Free Cash Flow	-2.63	1,457	-3,419	7,599	-2,020