Elevance Health, Inc. (ELV)
NYSE: ELV · Real-Time Price · USD
428.26
-0.17 (-0.04%)
At close: Oct 16, 2026, 4:00 PM EDT
428.25
-0.01 (0.00%)
After-hours: Oct 16, 2026, 4:59 PM EDT
Elevance Health Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 1,463 | 1,764 | 547 | 1,189 | 1,743 | 2,183 | 418 | 1,016 | 2,300 | 2,246 | 856 | 1,289 | 1,853 | 1,989 | 865 | 1,603 | 1,637 | 1,789 | 1,137 | 1,509 |
Depreciation & Amortization | 366 | 354 | -397 | 387 | 380 | 373 | -336 | 329 | 335 | 331 | -261 | 426 | 433 | 462 | -126 | 451 | 393 | 358 | -125 | 351 |
Other Amortization | - | - | 803 | - | - | - | 734 | - | - | - | 685 | - | - | - | 599 | - | - | - | 485 | - |
Gain (Loss) on Sale of Assets | - | - | - | - | - | - | - | 39 | -240 | - | - | - | - | - | - | - | - | - | - | - |
Stock-Based Compensation | 75 | 55 | 30 | 84 | 81 | 81 | -29 | 66 | 92 | 62 | 72 | 78 | 78 | 61 | 73 | 69 | 72 | 50 | 59 | 63 |
Change in Accounts Receivable | -657 | -1,174 | 756 | 815 | -923 | -3,174 | -193 | 851 | -1,059 | -282 | -1,035 | -428 | -270 | -29 | -1,832 | -16 | 686 | -1,348 | -387 | -119 |
Change in Accounts Payable | 1,238 | 2,886 | -2,259 | -151 | 738 | 952 | -1,200 | 628 | 557 | -257 | -77 | 1,557 | 142 | 18 | 226 | -34 | 204 | 428 | -374 | 533 |
Change in Unearned Revenue | -119 | 266 | -338 | 270 | -79 | 132 | -505 | 312 | 8 | 72 | -2,930 | -126 | 64 | 3,282 | -2,590 | 2,730 | -239 | 57 | 195 | -128 |
Change in Income Taxes | -156 | 644 | -284 | -616 | 246 | 357 | 173 | 57 | -407 | 581 | -360 | -134 | -448 | 839 | -297 | 118 | -727 | 568 | -28 | 62 |
Change in Insurance Reserves / Liabilities | -374 | 1,590 | 1,101 | -1,260 | -213 | 600 | -28 | -446 | -1,397 | 31 | -186 | -250 | 277 | 306 | 823 | 40 | 456 | 1,092 | 269 | 416 |
Change in Other Net Operating Assets | 108 | -1,552 | 500 | 192 | 13 | -652 | 1,735 | -160 | 343 | -1,133 | 232 | -409 | -208 | -362 | 532 | -41 | -68 | -345 | 504 | -231 |
Other Operating Activities | 198 | -200 | -266 | 268 | 80 | 291 | -47 | -107 | -84 | 300 | 70 | 167 | -14 | -127 | 191 | 50 | 143 | 45 | -11 | 176 |
Operating Cash Flow | 1,913 | 4,332 | 84 | 1,135 | 2,054 | 1,017 | 706 | 2,677 | 447 | 1,978 | -2,971 | 2,613 | 1,950 | 6,469 | -1,518 | 4,924 | 2,452 | 2,541 | 1,672 | 2,504 |
Operating Cash Flow Growth (YoY) | -6.87% | 325.96% | -88.10% | -57.60% | 359.51% | -48.58% | - | 2.45% | -77.08% | -69.42% | - | -46.93% | -20.47% | 154.59% | - | 96.65% | 45.69% | 1.44% | -56.15% | - |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -287 | -235 | -293 | -360 | -267 | -196 | -322 | -332 | -323 | -279 | -326 | -319 | -350 | -301 | -298 | -305 | -295 | -254 | -340 | -258 |
Cash Acquisitions | - | 5 | 33 | 1 | 50 | 4 | -3,685 | - | -4 | -1,120 | 18 | 81 | -13 | -1,638 | -26 | -14 | -548 | -61 | -34 | - |
Investment in Securities | 276 | -1,089 | 481 | -741 | -281 | 610 | 2,200 | -199 | -745 | -670 | -724 | -323 | -232 | -1,421 | 266 | -838 | -972 | -794 | -653 | -773 |
Other Investing Activities | 170 | -323 | 243 | -124 | -189 | -315 | 205 | 130 | -145 | -241 | 3 | -126 | -77 | 176 | 347 | -90 | -209 | -469 | 61 | -409 |
Investing Cash Flow | 159 | -1,642 | 464 | -1,224 | -687 | 103 | -1,638 | -401 | -818 | -2,310 | -1,029 | -687 | -672 | -3,184 | 289 | -1,247 | -2,024 | -1,578 | -966 | -1,440 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Short-Term Debt Issued | - | 1,037 | - | - | - | 836 | - | - | - | 1,562 | - | - | - | 325 | - | - | - | 1,195 | - | - |
Long-Term Debt Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,574 | - | - | - | - | - | - |
Total Debt Issued | -70 | 1,037 | 1,557 | 3,540 | 261 | 836 | 5,037 | 48 | 1,338 | 1,562 | 339 | - | -325 | 2,899 | 1,779 | -370 | 3,067 | 1,195 | 810 | 40 |
Total Debt Repaid | -854 | -2,052 | -542 | -2,070 | 110 | -1,365 | -1,451 | -568 | 107 | -586 | 499 | -197 | -149 | -2,404 | -1,217 | -39 | -2,304 | -14 | -1,390 | -152 |
Net Debt Issued (Repaid) | -924 | -1,015 | 1,015 | 1,470 | 371 | -529 | 3,586 | -520 | 1,445 | 976 | 838 | -197 | -474 | 495 | 562 | -409 | 763 | 1,181 | -580 | -112 |
Issuance of Common Stock | 26 | 37 | 58 | - | - | 23 | 16 | 48 | 60 | 97 | 40 | 31 | 38 | 43 | 30 | 36 | 40 | 76 | 42 | 20 |
Repurchases of Common Stock | -235 | -1,158 | -472 | -867 | -297 | -1,003 | -1,814 | -66 | -463 | -666 | -928 | -480 | -647 | -720 | -570 | -582 | -626 | -631 | -523 | -459 |
Common Dividends Paid | -373 | -376 | -377 | -381 | -385 | -386 | -373 | -378 | -378 | -379 | -346 | -348 | -350 | -351 | -305 | -306 | -309 | -309 | -273 | -276 |
Other Financing Activities | 12 | -3 | 12 | 21 | 3 | -14 | -7 | 1 | 4 | 4 | 2 | - | 3 | 2 | 25 | 6 | 5 | 5 | 19 | -3 |
Financing Cash Flow | -1,494 | -2,515 | 236 | 243 | -308 | -1,909 | 1,408 | -915 | 668 | 32 | -394 | -994 | -1,430 | -531 | -258 | -1,255 | -127 | 322 | -1,315 | -830 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | -3 | -9 | -6 | -1 | 1 | 1 | -8 | 7 | -5 | - | 1 | -4 | 1 | 1 | 2 | -6 | -6 | -4 | -1 | -2 |
Miscellaneous Cash Flow Adjustments | - | - | - | - | - | - | -46 | 1 | -21 | - | - | - | - | - | - | - | - | - | - | - |
Net Cash Flow | 575 | 166 | 778 | 153 | 1,060 | -788 | 422 | 1,369 | 271 | -300 | -4,393 | 928 | -151 | 2,755 | -1,485 | 2,416 | 295 | 1,281 | -610 | 232 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 1,626 | 4,097 | -209 | 775 | 1,787 | 821 | 384 | 2,345 | 124 | 1,699 | -3,297 | 2,294 | 1,600 | 6,168 | -1,816 | 4,619 | 2,157 | 2,287 | 1,332 | 2,246 |
Free Cash Flow Growth (YoY) | -9.01% | 399.03% | - | -66.95% | 1341.13% | -51.68% | - | 2.22% | -92.25% | -72.45% | - | -50.34% | -25.82% | 169.70% | - | 105.65% | 54.29% | -0.61% | -62.32% | - |
Free Cash Flow Margin | 3.22% | 8.16% | -0.42% | 1.53% | 3.59% | 1.68% | 0.84% | 5.19% | 0.28% | 3.99% | -7.73% | 5.35% | 3.66% | 14.63% | -4.55% | 11.56% | 5.58% | 6.00% | 3.64% | 6.27% |
Free Cash Flow Per Share | 7.46 | 18.59 | -0.94 | 3.46 | 7.91 | 3.61 | 1.66 | 10.06 | 0.53 | 7.25 | -13.98 | 9.70 | 6.73 | 25.73 | -7.53 | 19.07 | 8.86 | 9.36 | 5.43 | 9.13 |
Levered Free Cash Flow | 1,357 | 2,329 | 1,653 | -1,272 | 1,424 | 1,430 | 3,786 | 5,678 | -3,198 | 837.88 | -4,339 | 1,865 | 1,220 | 4,104 | -1,415 | 3,829 | 2,433 | 3,456 | 147.63 | 1,278 |
Unlevered Free Cash Flow | 1,584 | 2,552 | 1,883 | -1,053 | 1,637 | 1,645 | 3,998 | 5,865 | -3,023 | 1,004 | -4,178 | 2,027 | 1,383 | 4,261 | -1,269 | 3,963 | 2,563 | 3,582 | 275.13 | 1,403 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash Interest Paid | - | - | 1,410 | - | - | - | 1,239 | - | - | - | 1,032 | - | - | - | 878 | - | - | - | 822 | - |
Cash Income Tax Paid | - | - | 315 | - | - | - | - | - | - | - | 1,936 | - | - | - | 1,594 | - | - | - | 1,299 | - |
Change in Working Capital | 40 | 2,660 | -524 | -750 | -218 | -1,785 | -18 | 1,242 | -1,955 | -988 | -4,356 | 210 | -443 | 4,054 | -3,138 | 2,797 | 312 | 452 | 179 | 533 |