TSX:BNT Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,247	797	501	-112
Depreciation & Amortization	206	50	13	-
Gain (Loss) on Sale of Investments	-1,668	-820	106	28
Reinsurance Recoverable	1,186	186	50	22
Change in Insurance Reserves / Liabilities	2,503	3,341	1,532	5,470
Change in Other Net Operating Assets	-414	-1,964	-1,086	-2,783
Other Operating Activities	1,386	-107	-555	-177
Operating Cash Flow	4,569	1,507	644	1,688
Operating Cash Flow Growth	203.19%	134.01%	-61.85%	323.06%
Capital Expenditures	-40	-135	-24	-1
Sale of Property, Plant & Equipment	34	91	5	-
Cash Acquisitions	10,843	-346	-4,086	-
Investment in Securities	-5,596	-221	1,033	-3,273
Other Investing Activities	551	-125	150	-54
Investing Cash Flow	1,433	-1,809	-4,878	-3,971
Short-Term Debt Issued	2,358	927	646	1,424
Long-Term Debt Issued	4,791	2,242	5,256	860
Total Debt Issued	7,149	3,169	5,902	2,284
Total Debt Repaid	-7,279	-3,339	-3,360	-1,046
Net Debt Issued (Repaid)	-130	-170	2,542	1,238
Issuance of Common Stock	-	-	450	1,410
Repurchases of Common Stock	-14	-5	-6	-8
Issuance of Preferred Stock	-	-	2,512	-
Other Financing Activities	-46	1	-15	-
Financing Cash Flow	1,922	2,465	5,994	2,640
Foreign Exchange Rate Adjustments	11	-	-8	1
Net Cash Flow	7,935	2,163	1,752	358
Free Cash Flow	4,529	1,372	620	1,687
Free Cash Flow Growth	230.10%	121.29%	-63.25%	323.87%
Free Cash Flow Margin	32.11%	19.85%	14.05%	162.06%
Free Cash Flow Per Share	12.45	6.29	8.18	32.65
Cash Interest Paid	318	123	85	8
Cash Income Tax Paid	-28	68	52	-
Levered Free Cash Flow	-4,749	-4,432	3,708	-3,969
Unlevered Free Cash Flow	-4,523	-4,276	3,773	-3,969
Change in Working Capital	3,275	1,563	496	1,933

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