Equitable Holdings, Inc. (EQH)
NYSE: EQH · Real-Time Price · USD
55.53
+0.12 (0.22%)
Nov 10, 2026, 4:00 PM EST - Market closed
Equitable Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 1,504 | -1,380 | 1,280 | 1,283 | 2,153 | 1,755 |
Depreciation & Amortization | 802 | 837 | 827 | 768 | 591 | 462 |
Other Amortization | 35 | 35 | 41 | 53 | 45 | 57 |
Loss (Gain) From Sale of Assets | - | - | -135 | -1 | 7 | -3 |
Loss (Gain) From Sale of Investments | 310 | 1,244 | 51 | 636 | 1,143 | -839 |
Loss (Gain) on Equity Investments | -128 | -221 | -174 | -125 | -146 | -553 |
Stock-Based Compensation | 298 | 277 | 285 | 234 | 286 | 226 |
Other Operating Activities | 2,033 | 3,384 | 1,133 | 670 | -2,924 | 85 |
Change in Accounts Receivable | 34 | -135 | -446 | -910 | 189 | -131 |
Change in Income Taxes | -411 | -968 | 315 | -1,168 | 470 | 133 |
Change in Other Net Operating Assets | -1,857 | -2,359 | -1,171 | -1,648 | -2,064 | -1,385 |
Operating Cash Flow | 2,620 | 714 | 2,006 | -208 | -250 | -193 |
Operating Cash Flow Growth | 106.62% | -64.41% | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Capital Expenditures | -19 | -34 | -153 | -117 | -167 | -120 |
Cash Acquisitions | - | - | - | - | 40 | - |
Divestitures | - | - | - | - | - | 215 |
Investment in Securities | -10,626 | -8,610 | -11,221 | -1,434 | -3,995 | -4,955 |
Other Investing Activities | 1,624 | 366 | -2,489 | -1,500 | -836 | -6,979 |
Investing Cash Flow | -11,642 | -10,968 | -15,855 | -4,851 | -7,487 | -12,689 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Short-Term Debt Issued | - | 25 | - | - | 147 | 108 |
Long-Term Debt Issued | - | 2,349 | 604 | 899 | 6 | 873 |
Total Debt Issued | 2,158 | 2,374 | 604 | 899 | 153 | 981 |
Short-Term Debt Repaid | - | - | -254 | -504 | -25 | - |
Long-Term Debt Repaid | - | -1,762 | -642 | - | -43 | -280 |
Total Debt Repaid | -1,174 | -1,762 | -896 | -504 | -68 | -280 |
Net Debt Issued (Repaid) | 984 | 612 | -292 | 395 | 85 | 701 |
Repurchase of Common Stock | -1,028 | -1,450 | -1,014 | -919 | -849 | -1,637 |
Preferred Dividends Paid | -54 | -61 | -80 | -80 | -80 | -79 |
Common Dividends Paid | -318 | -314 | -302 | -301 | -294 | -296 |
Dividends Paid | -372 | -375 | -382 | -381 | -374 | -375 |
Other Financing Activities | 13,574 | 17,378 | 14,184 | 9,905 | 8,183 | 12,966 |
Financing Cash Flow | 13,148 | 15,716 | 12,441 | 9,000 | 7,045 | 11,948 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -3 | 36 | -20 | 23 | -56 | -18 |
Miscellaneous Cash Flow Adjustments | - | - | 153 | -6 | -159 | -39 |
Net Cash Flow | 4,123 | 5,498 | -1,275 | 3,958 | -907 | -991 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Free Cash Flow | 2,601 | 680 | 1,853 | -325 | -417 | -313 |
Free Cash Flow Growth | 118.20% | -63.30% | - | - | - | - |
Free Cash Flow Margin | 19.83% | 5.83% | 14.54% | -3.11% | -3.17% | -3.15% |
Free Cash Flow Per Share | 9.28 | 2.28 | 5.71 | -0.92 | -1.10 | -0.74 |
Levered Free Cash Flow | 3,294 | -9,657 | 7,702 | 4,595 | -771 | -9,167 |
Unlevered Free Cash Flow | 3,476 | -9,514 | 8,044 | 4,730 | -337.88 | -7,567 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 292 | 293 | 318 | 344 | 263 | 215 |
Cash Income Tax Paid | 576 | 576 | -38 | 265 | 89 | 305 |
Change in Working Capital | -2,234 | -3,462 | -1,302 | -3,726 | -1,405 | -1,383 |