Principal Financial Group Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,574	1,571	623.2	4,757	1,580	1,396
Depreciation & Amortization	238.5	256.2	272.7	295.9	275.3	251.9
Other Amortization	431	431	428.1	422.4	405.8	412.9
Gain (Loss) on Sale of Assets	-87.7	-87.7	-165	-749.4	-147.9	-
Gain (Loss) on Sale of Investments	-70.6	-70.6	-94.2	343.8	37.3	-302.6
Stock-Based Compensation	108.7	108.7	99.4	91.3	96.1	87.2
Change in Accounts Receivable	53.1	53.1	-36.7	-3,302	8.3	61.9
Change in Income Taxes	106.1	106.1	-40.5	854.8	117.9	442.5
Change in Insurance Reserves / Liabilities	2,705	2,705	2,562	1,915	1,431	1,532
Change in Other Net Operating Assets	-24.6	-24.6	-460.4	3,177	-85.1	-19.5
Other Operating Activities	-795.5	-459.8	635.5	-4,257	-367.8	-286.5
Operating Cash Flow	4,252	4,603	3,792	3,173	3,254	3,709
Operating Cash Flow Growth	4.01%	21.37%	19.53%	-2.50%	-12.26%	-32.48%
Capital Expenditures	-80.5	-68.8	-102	-116.3	-129.9	-108.8
Cash Acquisitions	0.5	-27.1	-	-	-	-
Investment in Securities	-3,892	-4,707	-1,257	2,163	-3,073	-3,887
Investing Cash Flow	-4,805	-5,399	-1,347	1,059	-5,694	-4,997
Short-Term Debt Issued	-	97.9	-	0.9	10.2	-
Long-Term Debt Issued	-	21.8	691.5	15.4	-	608.9
Total Debt Issued	119.7	119.7	691.5	16.3	10.2	608.9
Total Debt Repaid	-400.9	-0.1	-782.5	-302	-1.8	-78.4
Net Debt Issued (Repaid)	-281.2	119.6	-91	-285.7	8.4	530.5
Issuance of Common Stock	58.2	67.7	57.8	181.7	86.7	42.8
Repurchases of Common Stock	-933.4	-1,042	-740.4	-1,695	-937.2	-307
Common Dividends Paid	-677.3	-658.4	-625.5	-642.3	-654.1	-614.5
Total Dividends Paid	-677.3	-658.4	-625.5	-642.3	-654.1	-614.5
Other Financing Activities	233.7	527.6	-383.2	1,027	2,859	537.6
Financing Cash Flow	-484.4	300.3	-2,586	-1,715	1,922	1,621
Net Cash Flow	-1,037	-495.8	-140.3	2,516	-517.8	333.9
Free Cash Flow	4,172	4,534	3,690	3,057	3,125	3,601
Free Cash Flow Growth	4.08%	22.86%	20.73%	-2.17%	-13.22%	-32.84%
Free Cash Flow Margin	26.40%	28.11%	27.01%	17.43%	21.66%	24.42%
Free Cash Flow Per Share	18.30	19.27	15.09	11.97	11.45	13.02
Cash Interest Paid	170.3	170.3	170.7	175.8	166.1	162.8
Cash Income Tax Paid	117.7	117.7	68.1	142.1	109.9	-172
Levered Free Cash Flow	1,431	1,298	1,594	-360.11	2,364	1,905
Unlevered Free Cash Flow	1,431	1,298	1,594	-360.11	2,364	1,905
Change in Working Capital	2,742	2,742	1,968	2,305	1,572	2,161

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.