Lincoln National Corporation (LNC)
NYSE: LNC · Real-Time Price · USD
34.00
-0.04 (-0.12%)
At close: Mar 9, 2026, 4:00 PM EDT
33.60
-0.40 (-1.18%)
After-hours: Mar 9, 2026, 7:00 PM EDT
Lincoln National Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
| 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 | 1,177 | 3,275 | -752 | 1,358 | 3,778 | |
| Depreciation & Amortization | - | - | - | - | 38 | |
| Gain (Loss) on Sale of Assets | -8 | -523 | -3 | 42 | 12 | |
| Gain (Loss) on Sale of Investments | 340 | 268 | 897 | 15 | -659 | |
| Change in Income Taxes | 77 | 747 | -396 | 421 | 864 | |
| Change in Insurance Reserves / Liabilities | -2,688 | -4,068 | -3,963 | 4,377 | -2,337 | |
| Change in Other Net Operating Assets | 85 | 212 | 113 | -158 | 415 | |
| Other Operating Activities | 233 | -2,715 | 1,336 | -3,683 | -2,685 | |
| Operating Cash Flow | -167 | -2,007 | -2,074 | 3,609 | -217 | |
| Investment in Securities | -4,774 | -1,073 | -1,967 | -7,281 | -5,406 | |
| Other Investing Activities | 2,292 | 3,748 | -570 | -4,118 | 2,958 | |
| Investing Cash Flow | -4,013 | 821 | -3,334 | -11,646 | -3,584 | |
| Long-Term Debt Issued | 495 | 346 | - | 296 | - | |
| Total Debt Repaid | -728 | -117 | -579 | -370 | -59 | |
| Net Debt Issued (Repaid) | -233 | 229 | -579 | -74 | -59 | |
| Issuance of Common Stock | 825 | - | - | - | 20 | |
| Repurchases of Common Stock | - | - | - | -550 | -1,105 | |
| Issuance of Preferred Stock | - | - | - | 986 | - | |
| Common Dividends Paid | -325 | -307 | -305 | -310 | -319 | |
| Preferred Dividends Paid | -91 | -91 | -82 | - | - | |
| Total Dividends Paid | -416 | -398 | -387 | -310 | -319 | |
| Other Financing Activities | -905 | -116 | 652 | 187 | -84 | |
| Financing Cash Flow | 7,881 | 3,622 | 5,430 | 8,768 | 4,705 | |
| Net Cash Flow | 3,701 | 2,436 | 22 | 731 | 904 | |
| Cash Interest Paid | 560 | 577 | 484 | 269 | 277 | |
| Cash Income Tax Paid | -34 | 17 | -7 | -54 | 1 | |
| Levered Free Cash Flow | 2,797 | -54.88 | -13,853 | -739.63 | -5,434 | |
| Unlevered Free Cash Flow | 2,939 | 155.13 | -13,646 | -562.75 | -5,265 | |
| Change in Working Capital | -1,952 | -2,420 | -3,609 | 5,128 | -583 | |
Source: S&P Capital IQ. Insurance template.
Financial Sources.