Cigna Corporation (CI) 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 | 1.13B | 6.15B | 3.42B | -1.89B | 1.92B | 5.21B | 46M | 265M | 4.84B | 1.47B | 2.83B | 2.49B | 5.03B | 2.1B | 3.28B | 1.24B | 2.03B | 4.28B | 2.12B | -296M |
| Operating CF Margin % | 1.65% | 8.48% | 4.9% | -2.81% | 2.93% | 7.94% | 0.07% | 0.44% | 8.45% | 2.87% | 5.76% | 5.13% | 10.81% | 4.59% | 7.25% | 2.74% | 4.61% | 9.36% | 4.78% | -0.69% |
| Operating CF Growth % | -41.09% | 17.98% | 7330.43% | -811.7% | -60.33% | 255.28% | -98.37% | -89.37% | -3.74% | -30.11% | -13.92% | 100.32% | 147.68% | -50.9% | 54.93% | 520.27% | 85.73% | -0.44% | 136.76% | -109.04% |
| Net Income | 1.86B | 1.27B | 1.87B | 1.63B | 1.41B | 1.54B | 825M | 1.63B | -212M | 1.11B | 1.45B | 1.51B | 1.31B | 1.2B | 2.78B | 1.57B | 1.21B | 1.13B | 1.64B | 1.48B |
| Depreciation & Amortization | 650M | 722M | 697M | 682M | 674M | 646M | 650M | 738M | 741M | 765M | 766M | 755M | 749M | 735M | 726M | 759M | 717M | 743M | 734M | 731M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -60M | 500M | 118M | -76M | -216M | 256M | -152M | -97M | -102M | -1.36B | -96M | -99M | -108M | -180M | -134M | -30M | -134M | -116M | -24M | -45M |
| Other Non-Cash Items | 43M | 166M | -76M | -52M | -39M | -198M | 1.01B | 48M | 1.85B | 1.51B | 35M | -26M | 56M | 73M | -1.65B | 89M | 322M | -68M | -68M | -49M |
| Working Capital Changes | -1.36B | 3.49B | 811M | -4.07B | 92M | 2.97B | -2.29B | -2.05B | 2.56B | -561M | 672M | 352M | 3.02B | 273M | 1.57B | -1.14B | -87M | 2.58B | -158M | -2.41B |
| Change in Receivables | 2.15B | 0 | -111M | -4.38B | -2.42B | 3.1B | -3.09B | -5.25B | -2.62B | -567M | -600M | -628M | -407M | -390M | 634M | -1.84B | -399M | 1.09B | -671M | -2.27B |
| Change in Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Change in Payables | -988M | 0 | -832M | 1.01B | -1.04B | 1.74B | 355M | 4.24B | 3.57B | 1.92B | 1.4B | 956M | 1.23B | 1.74B | 658M | 1.08B | 11M | 1.94B | 466M | -298M |
| Cash from Investing | -637M | -420M | -4.39B | -797M | 1.2B | -191M | -776M | -640M | -495M | -440M | -1.34B | -414M | -2.98B | -616M | 4.45B | -408M | -324M | 123M | -710M | -2.31B |
| Capital Expenditures | -267M | -322M | -278M | -285M | -327M | -337M | -399M | -370M | -300M | -365M | -403M | -397M | -408M | -345M | -338M | -324M | -288M | -304M | -350M | -258M |
| CapEx % of Revenue | 0.39% | 0.44% | 0.4% | 0.42% | 0.5% | 0.51% | 0.63% | 0.61% | 0.52% | 0.71% | 0.82% | 0.82% | 0.88% | 0.75% | 0.75% | 0.71% | 0.65% | 0.67% | 0.79% | 0.6% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -95M | -2.46B | -2.84B | -275M | -42M | -378M | -95M | -225M | -140M | -139M | -69M | -17M | -39M | -189M | -7M | -37M | 0 | 5M | -81M | -46M |
| Cash from Financing | -1.14B | -4.07B | 2.66B | -1.33B | -3.68B | -3.25B | 439M | -2.31B | -2.53B | -1.25B | -2.57B | -435M | -37M | -2.64B | -5.52B | -916M | -2.17B | -2.37B | -1.73B | -62M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 57M | -976M | 37M | -1.04B | -1.44B | -2B | 62M | -950M | -3.84B | -470M | -570M | -125M | -932M | -1.66B | -3.4B | -882M | -1.27B | -1.4B | -2.6B | -830M |
| Dividends Paid | -417M | -396M | -402M | -401M | -412M | -384M | -390M | -392M | -401M | -358M | -362M | -362M | -368M | -334M | -341M | -352M | -357M | -324M | -330M | -342M |
| Share Repurchases | 0 | -1B | 0 | -1.11B | -1.51B | -2.02B | 0 | -990M | -4.02B | -544M | -624M | -154M | -962M | -1.73B | -3.5B | -1.01B | -1.37B | -1.42B | -2.61B | -916M |
| Other Financing | -218M | -125M | -183M | -179M | -239M | -96M | -66M | -74M | -175M | -136M | -54M | -140M | -139M | -133M | 31M | 99M | -76M | 7M | 41M | -11M |
| Net Change in Cash | -656M | 1.65B | 1.7B | -3.99B | -555M | 1.75B | -273M | -2.69B | 1.81B | -209M | -1.09B | 1.65B | 2.01B | -1.14B | 2.19B | -137M | -488M | 2.01B | -338M | -2.67B |
| Free Cash Flow | 864M | 5.83B | 3.14B | -2.17B | 1.59B | 4.88B | -353M | -105M | 4.54B | 1.1B | 2.42B | 2.1B | 4.62B | 1.75B | 2.94B | 920M | 1.74B | 3.97B | 1.77B | -554M |
| FCF Margin % | 1.26% | 8.04% | 4.5% | -3.23% | 2.43% | 7.43% | -0.55% | -0.17% | 7.93% | 2.16% | 4.94% | 4.31% | 9.93% | 3.83% | 6.5% | 2.02% | 3.96% | 8.69% | 3.99% | -1.28% |
| FCF Growth % | -45.76% | 19.53% | 989.52% | -1967.62% | -64.91% | 342.38% | -114.57% | -105.01% | -1.73% | -37.17% | -17.72% | 127.72% | 165.21% | -55.83% | 66.48% | 266.06% | 104.7% | -0.1% | 175.12% | -118.36% |
| FCF per Share | 3.27 | 21.91 | 11.71 | -8.10 | 5.62 | 17.55 | -1.25 | -0.37 | 15.85 | 3.74 | 8.15 | 7.06 | 15.45 | 5.74 | 9.58 | 2.92 | 5.42 | 12.05 | 5.24 | -1.61 |
| FCF Conversion (FCF/Net Income) | 0.68x | 4.98x | 1.83x | -1.23x | 1.45x | 3.66x | 0.06x | 0.17x | -17.47x | 1.43x | 2.01x | 1.71x | 3.97x | 1.76x | 1.19x | 0.80x | 1.70x | 3.83x | 1.31x | -0.20x |
| Interest Paid | 0 | 0 | 363M | 301M | 379M | 305M | 394M | 307M | 336M | 311M | 387M | 310M | 322M | 306M | 308M | 307M | 308M | 303M | 311M | 308M |
| Taxes Paid | 0 | 0 | 6M | 210M | 140M | 59M | 272M | 457M | 110M | 91M | 454M | 849M | 77M | 504M | 435M | 868M | 43M | 324M | 443M | 1.35B |