Athene Holding Ltd. 7.250% Fixe (ATHS) 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 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 | Q2'20 | Q1'20 |
|---|
| Cash from Operations | 835M | -2.06B | 4.97B | -3.28B | 426M | -7.6B | 780M | 0 | 185M | 1.28B | -702M | 4.33B | 75M | 4.76B | 872M | 1.63B | 3.23B | -477M | 631M | 771M |
| Operating CF Margin % | 22.76% | -25.29% | 62.18% | -61.22% | 10.18% | 621.69% | 11.96% | - | 3.23% | 12.77% | -79.68% | 34.14% | 1.85% | 54.58% | 13.62% | 36.96% | 37.97% | -14.95% | 14.33% | -60.95% |
| Operating CF Growth % | 96.01% | 72.92% | - | - | - | - | 211.11% | -100% | 146.67% | - | - | - | - | 1098.53% | 38.19% | 110.89% | 381.22% | -218.66% | 9.93% | -23.59% |
| Net Income | -1.48B | -3.62B | 2.15B | 712M | 465M | -2.76B | 625M | 629M | 1.19B | 2.97B | 486M | 441M | 768M | 733M | 1.42B | 614M | 1.09B | 652M | 843M | -1.05B |
| Depreciation & Amortization | 337M | -914M | 88M | 559M | 267M | 0 | 0 | 0 | 207M | 186M | 211M | 153M | 138M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 12M | 11M | 13M | 46M | 13M | 13M | 16M | 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 | 1.98B | 2.47B | -1.54B | -269M | -306M | 2.84B | -551M | -640M | -2.3B | -2.15B | 760M | 311M | -1.97B | -253M | -1.41B | -1.51B | -1.15B | -1.22B | -1.04B | 1.74B |
| Working Capital Changes | 0 | 0 | 4.28B | -4.28B | 0 | -7.68B | 694M | 0 | 1.07B | 225M | -2.17B | 3.41B | 1.12B | 4.28B | 869M | 2.52B | 3.29B | 93M | 832M | 77M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -7.88B | 49.5B | -4.91B | -28.68B | -16.71B | 17.65B | -13.97B | -13.65B | -16.38B | -14.65B | -10.77B | -12.31B | -5.92B | -8.18B | -4.39B | -6.88B | -7.72B | -2.36B | -4.36B | -378M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 8M | 193.44B | 22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 219.72B | 204.49B | 189.96B | 183.42B | 162.23B | 161.57B | 142.55B |
| Other Investing | -7.88B | 49.49B | 1.2B | -34.79B | -16.71B | 2.79B | -13.97B | -13.65B | -17.35B | -14.65B | -10.77B | -12.39B | -5.92B | -2.07B | -1.36B | -1B | -1.19B | -132M | -325M | -580M |
| Cash from Financing | 0 | 877M | 3.2B | -3.2B | 0 | -9.65B | 13.39B | 0 | 18.23B | 16.88B | 9.91B | 5.26B | 12.72B | 3.2B | 5.27B | 3.79B | 4.16B | 4.1B | 5.26B | 970M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | -161M | 0 | 0 | 0 | -226M | -90M | 0 | -232M | -187M | -232M | -233M | -421M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4M | -3M | -97M | 0 | -328M |
| Other Financing | 0 | 1.04B | 3.2B | -3.2B | 0 | -9.42B | 13.48B | 0 | 16.89B | 17.06B | 10.14B | 5.49B | 13.14B | 3.2B | 5.27B | 3.79B | 4.16B | 4.1B | 5.26B | 970M |
| Net Change in Cash | 0 | 0 | 0 | 0 | 0 | -7.7B | 202M | -16.92B | 2.04B | 3.51B | -1.56B | -2.72B | 6.88B | -216M | 1.75B | -1.47B | -332M | 1.25B | 1.54B | 1.34B |
| Free Cash Flow | 835M | -2.06B | 4.97B | -3.28B | 426M | -7.6B | 780M | 0 | 185M | 1.28B | -702M | 4.33B | 75M | 4.76B | 872M | 1.63B | 3.23B | -477M | 631M | 771M |
| FCF Margin % | 22.76% | -25.29% | 62.18% | -61.22% | 10.18% | 621.69% | 11.96% | - | 3.23% | 12.77% | -79.68% | 34.14% | 1.85% | 54.58% | 13.62% | 36.96% | 37.97% | -14.95% | 14.33% | -60.95% |
| FCF Growth % | 96.01% | 72.92% | - | - | - | - | 211.11% | -100% | 146.67% | - | - | - | - | 1098.53% | 38.19% | 110.89% | 381.22% | -218.66% | 9.93% | -23.59% |
| FCF per Share | - | -10.73 | 25.94 | -17.12 | 2.22 | -39.63 | 3.83 | - | 0.91 | 6.28 | -3.44 | 21.25 | 0.37 | 23.96 | 4.40 | 8.26 | 16.48 | -2.42 | 3.20 | 3.97 |
| FCF Conversion (FCF/Net Income) | -0.43x | -3.93x | 3.95x | -7.07x | 0.92x | -6.43x | 1.25x | - | 0.16x | 0.43x | -1.44x | 9.82x | 0.10x | 6.50x | 0.62x | 2.65x | 2.95x | -0.73x | 0.75x | -0.74x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 498M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |