Aflac Incorporated (AFL) 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 | 968M | 315M | 1.25B | 399M | 589M | 333M | 1.27B | 255M | 849M | 833M | 1.28B | 442M | 890M | 1.03B | 1.08B | 510M | 1.26B | 870M | 1.85B | 962M |
| Operating CF Growth % | 64.35% | -5.41% | -1.42% | 56.47% | -30.62% | -60.02% | -0.47% | -42.31% | -4.61% | -19.36% | 18.59% | -13.33% | -29.37% | 18.74% | -41.93% | -46.99% | -7.76% | -35.89% | -7.35% | -18.96% |
| Operating CF / Revenue % | 22.43% | 6.43% | 26.12% | 9.46% | 17.06% | 6.06% | 41.85% | 4.94% | 15.62% | 21.6% | 25.36% | 8.54% | 18.42% | 25.68% | 22.84% | 9.56% | 24.48% | 16.15% | 35.21% | 17.46% |
| Net Income | 1.02B | 1.38B | 1.64B | 599M | 29M | 1.9B | -93M | 1.75B | 1.88B | 268M | 1.57B | 1.63B | 1.19B | 185M | 1.78B | 1.39B | 1.05B | 1.04B | 888M | 1.1B |
| Depreciation & Amortization | 0 | -1.31B | 655M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | -21M | 7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -164M | 831M | -1.56B | 254M | 616M | -1.22B | 1.41B | -973M | -1.31B | 1.87B | -439M | -571M | -427M | 942M | -402M | -984M | -226M | -218M | 420M | -199M |
| Working Capital Changes | 113M | -566M | 510M | -454M | -56M | -349M | -50M | -527M | 282M | -1.31B | 146M | -621M | 129M | -94M | -303M | 100M | 439M | 49M | 545M | 56M |
| Cash from Investing | 244M | 359M | 28M | 1.53B | -359M | 1.52B | -1.03B | 2.07B | 227M | -1.41B | 490M | 1.56B | -77M | -693M | -930M | 1.29B | -1.21B | -1.21B | -332M | 130M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -3.51B | -18.87B | 10.67B | -3.25B | -7.42B | 587M | -1.77B | -1.35B | -4.58B | -15M | -22M | -829M | -2.96B | -675M | -363M | -1.71B | -1.52B | -1.8B | -1.27B | -1.51B |
| Sale/Maturity of Investments | 2.3B | -9.18B | 1.48B | 2.04B | 6.05B | 2.45B | 1.39B | 1.6B | 2.55B | 1.77B | 729M | 719M | 1.07B | 1.47B | 953M | 1.92B | 647M | 1.52B | 1.35B | 859M |
| Other Investing | 1.45B | 28.41B | -12.13B | 2.75B | 1.01B | -1.52B | -647M | 1.82B | 2.25B | -3.17B | -217M | 1.68B | 1.81B | -1.49B | -1.52B | 1.08B | -340M | -932M | -419M | 777M |
| Cash from Financing | -1.76B | -1.18B | -1.46B | -162M | -1.26B | -1.08B | -826M | -1.32B | -256M | -787M | -992M | -1.01B | -933M | -1.29B | -612M | -907M | -737M | -842M | -756M | -671M |
| Dividends Paid | -304M | -292M | -299M | -301M | -306M | -267M | -270M | -272M | -278M | -236M | -239M | -243M | -248M | -239M | -242M | -248M | -250M | -208M | -217M | -211M |
| Share Repurchases | -1B | -801M | -1B | -829M | -900M | -750M | -500M | -800M | -750M | -701M | -700M | -700M | -700M | -600M | -651M | -650M | -500M | -625M | -526M | -500M |
| Stock Issued | 4M | 3M | 3M | -2M | 4M | -7M | 9M | 6M | 6M | 8M | 4M | 3M | 2M | 2M | 5M | 1M | 9M | 13M | 0 | 4M |
| Debt Issuance (Net) | -1000K | 0 | -1000K | 1000K | 0 | 0 | 0 | -1000K | 1000K | 1000K | 0 | 0 | 0 | -1000K | 1000K | 0 | 0 | 0 | 0 | 1000K |
| Other Financing | -62M | -94M | -82M | -69M | -59M | -60M | -65M | -60M | -57M | -62M | -57M | -71M | 13M | -8M | -35M | -10M | 4M | -22M | -13M | -17M |
| Net Change in Cash | -591M | -523M | -197M | 1.73B | -998M | 617M | -448M | 962M | 792M | -1.2B | 782M | 911M | -134M | -767M | -463M | 898M | -776M | -1.16B | 739M | 479M |
| Exchange Rate Effect | -41M | -13M | -15M | -36M | 33M | -149M | 138M | -40M | -28M | 170M | 8M | -85M | -14M | 188M | 3M | 2M | -89M | 22M | -26M | 58M |
| Cash at Beginning | 6.25B | 6.77B | 6.96B | 5.23B | 6.23B | 5.61B | 6.06B | 5.1B | 4.31B | 5.5B | 4.72B | 3.81B | 3.94B | 4.71B | 5.17B | 4.28B | 5.05B | 6.21B | 5.47B | 4.99B |
| Cash at End | 5.65B | 6.25B | 6.77B | 6.96B | 5.23B | 6.23B | 5.61B | 6.06B | 5.1B | 4.31B | 5.5B | 4.72B | 3.81B | 3.94B | 4.71B | 5.17B | 4.28B | 5.05B | 6.21B | 5.47B |
| Free Cash Flow | 968M | 315M | 1.25B | 399M | 589M | 333M | 1.27B | 255M | 849M | 833M | 1.28B | 442M | 890M | 1.03B | 1.08B | 510M | 1.26B | 870M | 1.85B | 962M |
| FCF Growth % | 64.35% | -5.41% | -1.42% | 56.47% | -30.62% | -60.02% | -0.47% | -42.31% | -4.61% | -19.36% | 18.59% | -13.33% | -29.37% | 18.74% | -41.93% | -46.99% | -7.76% | -35.89% | -7.35% | -18.96% |
| FCF Margin % | 22.43% | 6.43% | 26.12% | 9.46% | 17.06% | 6.06% | 41.85% | 4.94% | 15.62% | 21.6% | 25.36% | 8.54% | 18.42% | 25.68% | 22.84% | 9.56% | 24.48% | 16.15% | 35.21% | 17.46% |
| FCF per Share | 1.88 | 0.59 | 2.35 | 0.74 | 1.08 | 0.59 | 2.27 | 0.45 | 1.47 | 1.42 | 2.15 | 0.73 | 1.45 | 1.66 | 1.7 | 0.79 | 1.93 | 1.31 | 2.76 | 1.41 |