American Financial Group, Inc. (AFG) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 474M | 784M | 216M | 191M | 342M | 674M | 459M | -88M | 107M | 756M | 696M | 115M | 403M | 110M | 529M | 11M | 503M | 289M | 455M | 343M |
| Operating CF Growth % | 38.6% | 16.32% | -52.94% | 317.05% | 219.63% | -10.85% | -34.05% | -176.52% | -73.45% | 587.27% | 31.57% | 945.45% | -19.88% | -61.94% | 16.26% | -96.79% | -19.78% | -40.66% | -25.29% | -38.2% |
| Operating CF / Revenue % | 25.57% | 38% | 9.38% | 9.9% | 18.56% | 31.38% | 19.42% | -4.67% | 5.69% | 36.24% | 32.42% | 6.35% | 23.95% | 5.77% | 27.17% | 0.75% | 34.57% | 20.11% | 27.07% | 23.49% |
| Net Income | 191M | 299M | 215M | 174M | 154M | 255M | 181M | 209M | 242M | 263M | 177M | 200M | 212M | 276M | 165M | 167M | 290M | 355M | 219M | 1B |
| Depreciation & Amortization | 25M | 22M | 20M | 22M | 22M | 21M | 21M | 19M | 20M | 18M | 21M | 19M | 20M | 22M | 25M | 27M | 26M | 27M | 27M | 34M |
| Stock-Based Compensation | 0 | 0 | -4M | 0 | 0 | 0 | -9M | 0 | 4M | 4M | 5M | 4M | 0 | 5M | 4M | 0 | 0 | 0 | 0 | 2M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4M | -5M | -4M | 0 | -5M | -4M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 33M | 16M | -18M | -18M | 12M | 26M | -25M | -10M | -33M | -33M | 40M | -25M | -2M | -35M | 27M | 87M | -110M | -94M | -20M | -943M |
| Working Capital Changes | 225M | 447M | 3M | 13M | 154M | 372M | 291M | -306M | -126M | 508M | 458M | -79M | 173M | -153M | 312M | -270M | 297M | 1M | 229M | 248M |
| Cash from Investing | -613M | -764M | -130M | 36M | 23M | -21M | 122M | 149M | -155M | -45M | 91M | 295M | 73M | 11M | -561M | 610M | -1.11B | -333M | -764M | 1.6B |
| Capital Expenditures | -17M | -36M | 0 | 0 | -25M | 0 | -29M | -33M | -38M | -32M | -7M | -20M | 0 | 9M | -37M | -35M | -23M | -62M | -27M | 0 |
| Acquisitions | 7M | 0 | 0 | -1.05B | 0 | -9M | 1.08B | 25M | -73M | 1M | -208M | 1M | -94M | 10M | -10M | 24M | 0 | -87M | 24M | 1.49B |
| Purchase of Investments | -1.53B | -2.05B | -736M | -574M | -1.17B | -1.48B | -2.01B | -1.06B | -1.17B | -871M | -945M | -638M | -665M | -1.2B | -1.38B | -1.58B | -2.13B | -1.91B | -1.89B | -2.29B |
| Sale/Maturity of Investments | 930M | 1.31B | 482M | 1.78B | 1.22B | 1.48B | 1.08B | 1.22B | 1.05B | 857M | 1.25B | 954M | 812M | 1.22B | 825M | 2.2B | 1.31B | 1.63B | 1.19B | 2.4B |
| Other Investing | 0 | 6M | 124M | -115M | -1M | -3M | 3M | -1M | 73M | 0 | -3M | -2M | 20M | -30M | 44M | 1M | -269M | 92M | -65M | -4M |
| Cash from Financing | -235M | -135M | 488M | -235M | -495M | -569M | -380M | -27M | -90M | -707M | -554M | -279M | -491M | -43M | -141M | -835M | -342M | -658M | -223M | -904M |
| Dividends Paid | -198M | -239M | -66M | -68M | -233M | -403M | -58M | -59M | -268M | -186M | -52M | -53M | -393M | -224M | -47M | -726M | -216M | -892M | -211M | -1.23B |
| Share Repurchases | -60M | -1M | -1M | -39M | -58M | 0 | 0 | 0 | 0 | -60M | -86M | -43M | -24M | -1M | -5M | 0 | -5M | -1M | -12M | -114M |
| Stock Issued | 2M | 3M | 2M | 4M | 3M | 4M | 3M | 4M | 6M | 4M | 3M | 4M | 4M | 4M | 3M | 4M | 0 | 6M | 8M | 32M |
| Debt Issuance (Net) | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 0 | 0 | 0 |
| Other Financing | 21M | 102M | 209M | -132M | -207M | -170M | -325M | 28M | 172M | -465M | -419M | -182M | -62M | 219M | -89M | 270M | -71M | 229M | -8M | 406M |
| Net Change in Cash | -374M | -115M | 574M | -8M | -130M | 84M | 201M | 34M | -138M | 4M | 233M | 131M | -15M | 78M | -173M | -214M | -950M | -702M | -532M | 1.04B |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 1.73B | 1.84B | 1.27B | 1.28B | 1.41B | 1.32B | 1.12B | 1.09B | 1.23B | 1.22B | 988M | 857M | 872M | 794M | 967M | 1.18B | 2.13B | 2.83B | 3.37B | 2.33B |
| Cash at End | 1.35B | 1.73B | 1.84B | 1.27B | 1.28B | 1.41B | 1.32B | 1.12B | 1.09B | 1.23B | 1.22B | 988M | 857M | 872M | 794M | 967M | 1.18B | 2.13B | 2.83B | 3.37B |
| Free Cash Flow | 457M | 748M | 175M | 191M | 342M | 674M | 530M | -121M | 69M | 724M | 689M | 95M | 403M | 119M | 492M | -24M | 480M | 227M | 428M | 330M |
| FCF Growth % | 33.63% | 10.98% | -66.98% | 257.85% | 395.65% | -6.91% | -23.08% | -227.37% | -82.88% | 508.4% | 40.04% | 495.83% | -16.04% | -47.58% | 14.95% | -107.27% | -21.82% | -53.39% | -29.72% | -40.54% |
| FCF Margin % | 24.65% | 36.26% | 7.6% | 9.9% | 18.56% | 31.38% | 22.43% | -6.42% | 3.67% | 34.71% | 32.09% | 5.24% | 23.95% | 6.24% | 25.27% | -1.64% | 32.99% | 15.8% | 25.46% | 22.6% |
| FCF per Share | 5.49 | 8.97 | 2.1 | 2.29 | 4.08 | 8.02 | 6.32 | -1.44 | 0.82 | 8.64 | 8.13 | 1.12 | 4.72 | 1.4 | 5.76 | -0.28 | 5.63 | 2.66 | 5.02 | 3.86 |