Great-West Lifeco Inc. (TSX:GWO)
Canada · Delayed Price · Currency is CAD 89.54
+0.96 (1.08%)
Sep 2, 2026, 11:09 AM EST
Great-West Lifeco Cash Flow Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 4,632 | 4,120 | 4,070 | 2,868 | 3,726 | 3,262 |
Depreciation & Amortization | 580 | 579 | 556 | 505 | 528 | 523 |
Gain (Loss) on Sale of Investments | -2,022 | -3,391 | -1,227 | -6,246 | 27,609 | 2,577 |
Change in Accounts Receivable | -283 | -371 | 38 | -480 | 1,168 | - |
Reinsurance Recoverable | 741 | 663 | 586 | 5 | 5,614 | 1,915 |
Change in Insurance Reserves / Liabilities | 6,210 | 5,024 | 5,636 | 9,316 | -25,355 | 1,819 |
Change in Other Net Operating Assets | -257 | 3,132 | -5,538 | -4,561 | -8,124 | 845 |
Other Operating Activities | -5,391 | -6,652 | 964 | 3,869 | -3,553 | 10 |
Operating Cash Flow | 4,218 | 2,708 | 4,751 | 4,828 | 3,772 | 10,373 |
Operating Cash Flow Growth | -1.47% | -43.00% | -1.59% | 28.00% | -63.64% | 7.94% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Acquisitions | -17 | - | -76 | -563 | -2,155 | -380 |
Investment in Securities | -84 | -56 | -121 | -223 | -63 | -8,668 |
Other Investing Activities | - | - | -211 | - | - | - |
Investing Cash Flow | -93 | -56 | -408 | -786 | -2,218 | -11,212 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 138 | - | 61 | 1,792 | 63 |
Total Debt Repaid | -689 | -689 | -60 | -1,469 | -495 | -831 |
Net Debt Issued (Repaid) | -551 | -551 | -60 | -1,408 | 1,297 | -768 |
Issuance of Common Stock | 118 | 99 | 88 | 158 | 43 | 1,597 |
Repurchases of Common Stock | -2,152 | -1,653 | -114 | -233 | - | - |
Issuance of Preferred Stock | 400 | 200 | - | - | - | 200 |
Repurchases of Preferred Stock | - | - | - | - | - | -194 |
Common Dividends Paid | -2,322 | -2,253 | -2,069 | -1,937 | -1,826 | -1,677 |
Preferred Dividends Paid | -195 | -160 | -130 | -130 | -130 | -134 |
Total Dividends Paid | -2,517 | -2,413 | -2,199 | -2,067 | -1,956 | -1,811 |
Other Financing Activities | -7 | -4 | - | - | -4 | -16 |
Financing Cash Flow | -4,709 | -4,322 | -2,285 | -3,550 | -620 | -992 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 275 | -137 | 534 | -40 | 281 | -40 |
Net Cash Flow | -309 | -1,807 | 2,592 | 452 | 1,215 | -1,871 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Levered Free Cash Flow | -9,758 | -5,040 | -5,230 | -9,019 | -32,728 | 1,945 |
Unlevered Free Cash Flow | -7,577 | -2,840 | -2,614 | -6,624 | -30,650 | 2,140 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 359 | 389 | 410 | 453 | 408 | 348 |
Cash Income Tax Paid | 893 | 764 | 707 | 423 | 348 | 351 |
Change in Working Capital | 6,506 | 8,568 | 837 | 4,450 | -27,929 | 4,495 |