Lincoln National Corporation (LNC)

Lincoln National Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	11,947	11,645	18,810	17,715	17,439	17,258
Revenue Growth (YoY)	-33.27%	-38.09%	6.18%	1.58%	1.05%	5.08%
Cost of Revenue	9,938	12,309	16,001	12,715	16,664	15,947
Gross Profit	2,009	-664	2,809	5,000	775	1,311
Other Operating Expenses	129	153	801	87	68	66
Operating Expenses	129	153	801	87	68	66
Operating Income	1,880	-817	2,008	4,913	707	1,245
Interest Expense / Income	330	331	283	270	284	326
Other Expense / Income	-464.06	-	-	-	-	-
Pretax Income	2,014	-1,148	1,725	4,643	423	919
Income Tax	199	-396	367	865	-76	33
Net Income	1,815	-752	1,358	3,778	499	886
Preferred Dividends	4,564	4,098	0	0	0	0
Net Income Growth	-	-	-64.06%	657.11%	-43.68%	-46.01%
Shares Outstanding (Basic)	170	170	169	181	193	198
Shares Change	0.26%	0.26%	-6.36%	-6.50%	-2.55%	-7.15%
EPS (Basic)	7.40	-4.92	7.93	20.17	2.58	4.41
EPS (Diluted)	7.34	-4.92	7.78	19.96	2.56	4.38
EPS Growth	-	-	-61.02%	679.69%	-41.55%	-40.81%
Free Cash Flow	-2,643	-2,074	3,609	-217	534	-2,686
Free Cash Flow Per Share	-15.58	-12.22	21.33	-1.20	2.76	-13.54
Dividend Per Share	1.800	1.800	1.800	1.680	1.600	1.480
Dividend Growth	0%	0%	7.14%	5.00%	8.11%	12.12%
Gross Margin	16.82%	-5.70%	14.93%	28.22%	4.44%	7.60%
Operating Margin	15.74%	-7.02%	10.68%	27.73%	4.05%	7.21%
Profit Margin	11.30%	-6.46%	7.22%	21.33%	2.86%	5.13%
Free Cash Flow Margin	-22.12%	-17.81%	19.19%	-1.22%	3.06%	-15.56%
Effective Tax Rate	9.88%	-	21.28%	18.63%	-17.97%	3.59%
EBITDA	2,344	-817	2,008	4,913	707	1,245
EBITDA Margin	19.62%	-7.02%	10.68%	27.73%	4.05%	7.21%
EBIT	2,344	-817	2,008	4,913	707	1,245
EBIT Margin	19.62%	-7.02%	10.68%	27.73%	4.05%	7.21%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).