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Lincoln National Corporation (LNC)
NYSE: LNC · Real-Time Price · USD
43.54
+0.22 (0.51%)
At close: Sep 9, 2026, 4:00 PM EDT
43.81
+0.27 (0.62%)
After-hours: Sep 9, 2026, 7:30 PM EDT

Lincoln National Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
2,3601,1773,275-7521,3583,778
Depreciation & Amortization
-----38
Gain (Loss) on Sale of Assets
-10-8-523-34212
Gain (Loss) on Sale of Investments
40334026889715-659
Change in Income Taxes
42177747-396421864
Change in Insurance Reserves / Liabilities
-3,388-2,688-4,068-3,9634,377-2,337
Change in Other Net Operating Assets
5685212113-158415
Other Operating Activities
-1,842233-2,7151,336-3,683-2,685
Operating Cash Flow
-1,328-167-2,007-2,0743,609-217
Operating Cash Flow Growth
------

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Investment in Securities
-5,974-4,774-1,073-1,967-7,281-5,406
Other Investing Activities
5,1512,2923,748-570-4,1182,958
Investing Cash Flow
-2,577-4,013821-3,334-11,646-3,584

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-495346-296-
Total Debt Repaid
-155-728-117-579-370-59
Net Debt Issued (Repaid)
1,084-233229-579-74-59
Issuance of Common Stock
-825---20
Repurchases of Common Stock
-----550-1,105
Issuance of Preferred Stock
----986-
Common Dividends Paid
-344-325-307-305-310-319
Preferred Dividends Paid
-91-91-91-82--
Total Dividends Paid
-435-416-398-387-310-319
Other Financing Activities
-1,631-905-116652187-84
Financing Cash Flow
6,9277,8813,6225,4308,7684,705

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
3,0223,7012,43622731904

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Levered Free Cash Flow
2,0692,797-54.88-13,853-739.63-5,434
Unlevered Free Cash Flow
2,2722,939155.13-13,646-562.75-5,265

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
560560577484269277
Cash Income Tax Paid
--3417-7-541
Change in Working Capital
-2,277-1,952-2,420-3,6095,128-583
SEC Filings: 10-K · 10-Q