KKR & Co. 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	-	3,076	3,732	-521.66	4,732
Depreciation & Amortization, Total	-	90.7	86	72.2	62.7
Gain (Loss) On Sale of Investments	-	425.7	-1,787	3,476	-5,498
Stock-Based Compensation	-	746.44	618.47	730.24	529.82
Change in Other Net Operating Assets	-	391.28	-7,126	-11,856	-8,369
Other Operating Activities	-	1,776	2,859	2,726	2,264
Operating Cash Flow	-	6,650	-1,494	-5,279	-7,177
Capital Expenditures	-	-141.54	-108.39	-85.06	-102.05
Cash Acquisitions	-	-	-	-1,691	-473.78
Investment in Securities	-	-18,941	-3,834	-11,835	-9,050
Other Investing Activities	-	34.71	59.46	-36.47	20.49
Investing Cash Flow	-	-19,047	-3,883	-13,647	-9,606
Long-Term Debt Issued	-	29,137	16,383	20,439	30,369
Long-Term Debt Repaid	-	-25,677	-12,764	-13,911	-21,474
Net Debt Issued (Repaid)	-	3,460	3,619	6,528	8,896
Issuance of Common Stock	-	-	-	-	38.46
Repurchase of Common Stock	-	-	-289.84	-346.65	-269.71
Preferred Dividends Paid	-	-	-51.75	-69	-88.2
Common Dividends Paid	-	-612.07	-563.29	-444.34	-331.43
Dividends Paid	-	-612.07	-615.03	-513.34	-419.63
Other Financing Activities	-	4,229	10,060	16,387	12,619
Financing Cash Flow	-	7,076	12,774	22,055	20,364
Foreign Exchange Rate Adjustments	-	-118.95	25.41	-269.77	-48.89
Net Cash Flow	-	-5,440	7,423	2,859	3,533
Free Cash Flow	-	6,508	-1,602	-5,364	-7,279
Free Cash Flow Margin	-	24.63%	-8.58%	-97.26%	-29.33%
Free Cash Flow Per Share	-	6.93	-1.76	-7.16	-11.50
Cash Interest Paid	-	2,937	2,691	1,500	1,242
Cash Income Tax Paid	-	781.55	981.43	764.97	658.58

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