Lincoln National Corporation (LON:0JV3)

Lincoln National Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	1,331	3,275	-752	1,358	3,778	499
Depreciation & Amortization	-	-	-	-	38	53
Other Amortization	-	-	-	-	-	45
Gain (Loss) on Sale of Assets	-521	-523	-3	42	12	-
Gain (Loss) on Sale of Investments	374	268	897	15	-659	78
Change in Accounts Receivable	-	-	-	-	-	-21
Change in Income Taxes	214	747	-396	421	864	-98
Change in Insurance Reserves / Liabilities	-2,503	-3,322	-3,719	4,377	-2,337	-699
Change in Other Net Operating Assets	42	212	113	-158	415	-102
Other Operating Activities	-637	-3,461	1,092	-3,683	-2,685	614
Operating Cash Flow	-936	-2,007	-2,074	3,609	-217	534
Investment in Securities	-1,493	-1,073	-1,967	-7,281	-5,406	-10,206
Other Investing Activities	649	3,748	-570	-4,118	2,958	1,321
Investing Cash Flow	-2,864	821	-3,334	-11,646	-3,584	-9,481
Long-Term Debt Issued	-	346	-	296	-	1,289
Total Debt Repaid	-368	-117	-579	-370	-59	-1,143
Net Debt Issued (Repaid)	-369	229	-579	-74	-59	146
Issuance of Common Stock	-	-	-	-	20	-
Repurchases of Common Stock	-	-	-	-550	-1,105	-275
Issuance of Preferred Stock	-	-	-	986	-	-
Common Dividends Paid	-307	-307	-305	-310	-319	-311
Preferred Dividends Paid	-91	-91	-82	-	-	-
Total Dividends Paid	-398	-398	-387	-310	-319	-311
Other Financing Activities	-96	-116	652	187	-84	611
Financing Cash Flow	3,962	3,622	5,430	8,768	4,705	8,092
Net Cash Flow	162	2,436	22	731	904	-855
Cash Interest Paid	372	372	344	269	277	283
Cash Income Tax Paid	-	-	-	-54	1	22
Levered Free Cash Flow	15,781	-54.88	-13,853	-739.63	-5,434	2,730
Unlevered Free Cash Flow	15,990	155.13	-13,646	-562.75	-5,265	2,907
Change in Net Working Capital	-14,857	550	11,732	1,961	6,070	-2,239

Updated Feb 21, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.