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Manulife Financial Corporation (MFC)
NYSE: MFC · Real-Time Price · USD
44.22
+0.98 (2.27%)
At close: Nov 9, 2026, 4:00 PM EST
44.27
+0.05 (0.11%)
After-hours: Nov 9, 2026, 7:53 PM EST

Manulife Financial Cash Flow Statement

Millions CAD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
6,4245,7825,6315,463-1,9796,657
Depreciation & Amortization
571623612364284381
Other Amortization
254254257217235148
Gain (Loss) on Sale of Assets
-2,522-6,120-860-2,84513,6604,824
Gain (Loss) on Sale of Investments
-349-344-290-141-226181
Stock-Based Compensation
---259
Change in Accounts Receivable
21,14116,94113,5656,6414,958-690
Reinsurance Recoverable
-----1,377-
Other Operating Activities
6,47414,9697,57910,7221,06811,645
Operating Cash Flow
31,99332,10526,49420,42316,62823,155
Operating Cash Flow Growth
5.12%21.18%29.73%22.82%-28.19%15.50%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Acquisitions
-1,277-1,277-297-1-182-19
Other Investing Activities
-110-21029021-67-186
Investing Cash Flow
-30,252-28,365-18,459-13,720-18,400-24,442

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-2,5583,7181,7311,729212
Total Debt Repaid
-1,598-1,581-2,004-1,391-1,120-2,192
Lease Payments
-106-108-118-98-120-124
Net Debt Issued (Repaid)
3,3019771,714340609-1,980
Issuance of Common Stock
13773144942351
Repurchases of Common Stock
-2,139-2,431-3,272-1,595-1,884-
Issuance of Preferred Stock
----9903,171
Repurchases of Preferred Stock
-----725-625
Common Dividends Paid
-3,157-2,984-2,848-2,669-2,513-2,272
Preferred Dividends Paid
-323-321-311-303-260-215
Total Dividends Paid
-3,480-3,305-3,159-2,972-2,773-2,487
Other Financing Activities
1,3062,637399-9091,652-177
Financing Cash Flow
-875-2,049-4,174-5,042-2,108-2,047

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
493-8161,197-412585-319
Net Cash Flow
1,3598755,0581,249-3,295-3,653

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Levered Free Cash Flow
5,04520,797-10,9279,1718,771-
Unlevered Free Cash Flow
6,27921,753-9,87610,1439,428-

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
1,8201,5151,5741,548955981
Cash Income Tax Paid
1,0377567554361,238571
Change in Working Capital
21,14116,94113,5656,6413,581-690
SEC Filings: 10-K · 10-Q