Lincoln National Corporation (LNC) 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 | 138M | 233M | -1.14B | 1.01B | -272M | 222M | -27M | -859M | -1.34B | -1.87B | 46M | 522M | -774M | 639M | 650M | 1.89B | 476M | 43M | 339M | 411M |
| Operating CF Growth % | 150.74% | 4.96% | -4125.93% | 217.93% | 79.75% | 111.88% | -158.7% | -264.56% | -73.51% | -392.33% | -92.92% | -72.37% | -262.61% | 1386.05% | 91.74% | 359.61% | 174.14% | -77.72% | 153.81% | -20.35% |
| Operating CF / Revenue % | 2.6% | 4.73% | -24.85% | 24.92% | -5.77% | 4.37% | -0.64% | -18.7% | -32.65% | -259.08% | 1.09% | 17.8% | -20.19% | 15.24% | 13.54% | 33.86% | 10.13% | 0.94% | 6.51% | 8.47% |
| Net Income | -172M | 754M | 446M | 699M | -722M | 1.69B | -528M | 894M | 1.22B | -1.24B | 853M | 511M | -881M | 6M | -1.78B | 839M | 1.48B | 220M | 318M | 642M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 624M | -1.2B | -1.73B | -73M | 980M | -1.82B | 1.03B | -867M | -1.95B | 1.27B | -883M | -51M | 1.7B | 573M | -66M | -180M | -1.87B | -183M | -99M | 69M |
| Working Capital Changes | -314M | 677M | 143M | 387M | -530M | 356M | -532M | -886M | -612M | -1.91B | 76M | 62M | -1.59B | 60M | 2.49B | 1.23B | 868M | 6M | 120M | -300M |
| Cash from Investing | -3.45B | -3.91B | 2.21B | -266M | -2.05B | -717M | -702M | 601M | 1.64B | -714M | -1.44B | -857M | -325M | -1.78B | -3.12B | -4.61B | -2.14B | -1.13B | -918M | -806M |
| 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 | -2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -7.6B | -9.04B | 7.57B | -4.35B | -4.12B | -4.25B | -2.92B | -2.99B | -2.67B | -3.09B | -3.03B | -2.48B | -3.17B | -2.98B | -3.96B | -4.44B | -4.09B | -5.25B | -3.74B | -4.67B |
| Sale/Maturity of Investments | 4.18B | 5.13B | 1.91B | 3.95B | 3.41B | 3.8B | 3.01B | 2.56B | 2.39B | 2.77B | 1.74B | 2.08B | 3.2B | 2.28B | 2.19B | 1.88B | 1.84B | 3.5B | 2.67B | 3.56B |
| Other Investing | -35M | 0 | -7.27B | 136M | -1.34B | -265M | -792M | 1.03B | 1.93B | -394M | -150M | -466M | -357M | -1.07B | -1.35B | -2.05B | 115M | 615M | 152M | 303M |
| Cash from Financing | 1.16B | 2.51B | 2.45B | 2.11B | 801M | 283M | 1.27B | 1.61B | 461M | 3.42B | 153M | 337M | 1.52B | 3.01B | 2.37B | 2.33B | 1.01B | 1.09B | 804M | 1.43B |
| Dividends Paid | -120M | -97M | -120M | -88M | -111M | -88M | -111M | -88M | -111M | -87M | -111M | -87M | -102M | -76M | -77M | -78M | -79M | -78M | -80M | -81M |
| Share Repurchases | -23M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -50M | -100M | -400M | -650M | -200M | -150M |
| Stock Issued | 0 | -4M | 4M | 825M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 0 | 1000K |
| Other Financing | 1.2B | 2.12B | 2.57B | 1.75B | 1.23B | 376M | 1.43B | 1.74B | 292M | 3.51B | 739M | 467M | 1.64B | 2.97B | 2.5B | 2.49B | 1.5B | 1.76B | 1.08B | 1.61B |
| Net Change in Cash | -2.16B | -1.17B | 3.52B | 2.86B | -1.52B | -212M | 538M | 1.35B | 757M | 836M | -1.24B | 2M | 423M | 1.87B | -95M | -393M | -652M | -2M | 225M | 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 | 9.5B | 10.67B | 7.14B | 4.28B | 5.8B | 6.01B | 5.47B | 4.12B | 3.37B | 2.53B | 3.77B | 3.77B | 3.34B | 1.47B | 1.57B | 1.96B | 2.61B | 2.61B | 2.39B | 1.35B |
| Cash at End | 7.34B | 9.5B | 10.67B | 7.14B | 4.28B | 5.8B | 6.01B | 5.47B | 4.12B | 3.37B | 2.53B | 3.77B | 3.77B | 3.34B | 1.47B | 1.57B | 1.96B | 2.61B | 2.61B | 2.39B |
| Free Cash Flow | 138M | 233M | -1.14B | 1.01B | -272M | 222M | -27M | -859M | -1.34B | -1.87B | 46M | 522M | -774M | 639M | 650M | 1.89B | 476M | 43M | 339M | 411M |
| FCF Growth % | 150.74% | 4.96% | -4125.93% | 217.93% | 79.75% | 111.88% | -158.7% | -264.56% | -73.51% | -392.33% | -92.92% | -72.37% | -262.61% | 1386.05% | 91.74% | 359.61% | 174.14% | -77.72% | 153.81% | -20.35% |
| FCF Margin % | 2.6% | 4.73% | -24.85% | 24.92% | -5.77% | 4.37% | -0.64% | -18.7% | -32.65% | -259.08% | 1.09% | 17.8% | -20.19% | 15.24% | 13.54% | 33.86% | 10.13% | 0.94% | 6.51% | 8.47% |
| FCF per Share | 0.7 | 1.19 | -5.87 | 5.61 | -1.56 | 1.28 | -0.16 | -5.02 | -7.85 | -11.01 | 0.27 | 3.06 | -4.57 | 3.74 | 3.81 | 11.01 | 2.74 | 0.23 | 1.8 | 2.15 |