Voya Financial, Inc. (VOYA) 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 | -36M | 557M | 168M | 742M | -179M | 79M | 719M | 316M | 231M | 364M | 403M | 715M | 156M | 219M | 418M | 353M | 362M | 140M | 177M | 611M |
| Operating CF Margin % | -1.92% | - | - | - | - | 3.93% | 36.76% | 15.54% | 11.26% | 20.01% | 22.11% | 38.21% | 8.5% | 14.08% | 31.08% | 23.16% | 24.04% | 9.99% | 8.81% | 24.41% |
| Operating CF Growth % | 79.89% | 605.06% | -76.63% | 134.81% | -177.49% | -78.3% | 78.41% | -55.8% | 48.08% | 66.21% | -3.59% | 102.55% | -56.91% | 56.43% | 136.16% | -42.23% | 138.68% | -66.75% | -50.28% | 20.28% |
| Net Income | 195M | 140M | 0 | 0 | 0 | 97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 128M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 11M | 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 | -231M | 257M | 168M | 742M | -179M | -72M | 719M | 316M | 231M | 364M | 403M | 715M | 156M | 219M | 418M | 353M | 362M | 140M | 177M | 611M |
| Working Capital Changes | 0 | 160M | 0 | 0 | 0 | -85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Receivables | 0 | 747M | 0 | 0 | 0 | 649M | 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 | -352M | -372M | -718M | -524M | 245M | -23M | -486M | -92M | 1.08B | 833M | 430M | 797M | 472M | 0 | -372M | -1.17B | -403M | -578M | -600M | 181M |
| 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 | 146.59B | 0 | 60.89B | 59.58B | 59.12B | 55.36B | 57.38B | 11.57B | 11.91B | 11.74B | 12.48B | 12.49B | 12.06B | 12.09B | 12.08B | 11.97B | 11.74B | 11.49B | 11.21B | 11.02B |
| Other Investing | 980M | -16M | 373M | -267M | 78M | 660M | 51M | 117M | 254M | -36M | 121M | 155M | 99M | -150M | 142M | 201M | 107M | -160M | 69M | 75M |
| Cash from Financing | 130M | -113M | 505M | 93M | -570M | -87M | 132M | -220M | -1.25B | -996M | -1.26B | -987M | -811M | -147M | -150M | 732M | -407M | -55M | 391M | -333M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -100M | -98M | 0 | 3M | -120M | -169M | -176M | -169M | -157M | -50M | -162M | 0 | 0 | 5M | -250M | -498M | -310M | -409M | -137M |
| Dividends Paid | -17M | -49M | -59M | -51M | -60M | -47M | -60M | -47M | -58M | -46M | -56M | -27M | -34M | -24M | -36M | -24M | -35M | -25M | -33M | -24M |
| Share Repurchases | -150M | -100M | -100M | 0 | 0 | -120M | -172M | -176M | -172M | -157M | -50M | -162M | 0 | 0 | 0 | -250M | -500M | -310M | -411M | -137M |
| Other Financing | 147M | -15M | 704M | 170M | -27M | 46M | -64M | -18M | -1.05B | -747M | -941M | -650M | -836M | -51M | -104M | 758M | -61M | 694M | 869M | -449M |
| Net Change in Cash | -258M | 72M | -45M | 311M | -504M | -31M | 365M | 4M | 58M | 201M | -432M | 525M | -183M | 72M | -104M | -86M | -448M | -493M | -32M | 680M |
| Free Cash Flow | -36M | 557M | 168M | 742M | -179M | 79M | 719M | 316M | 231M | 364M | 403M | 715M | 156M | 219M | 418M | 353M | 362M | 140M | 177M | 611M |
| FCF Margin % | -1.92% | - | - | - | - | 3.93% | 36.76% | 15.54% | 11.26% | 20.01% | 22.11% | 38.21% | 8.5% | 14.08% | 31.08% | 23.16% | 24.04% | 9.99% | 8.81% | 24.41% |
| FCF Growth % | 79.89% | 605.06% | -76.63% | 134.81% | -177.49% | -78.3% | 78.41% | -55.8% | 48.08% | 66.21% | -3.59% | 102.55% | -56.91% | 56.43% | 136.16% | -42.23% | 138.68% | -66.75% | -50.28% | 20.28% |
| FCF per Share | -0.37 | 5.74 | 1.73 | 7.57 | -1.83 | 0.80 | 7.16 | 3.09 | 2.21 | 3.40 | 3.72 | 6.51 | 1.42 | 2.05 | 3.93 | 3.19 | 3.09 | 1.17 | 1.45 | 4.69 |
| FCF Conversion (FCF/Net Income) | -0.18x | 3.98x | 0.88x | 4.47x | -1.15x | 0.81x | 6.31x | 1.54x | 0.92x | 2.98x | 1.54x | 4.53x | 1.88x | 1.13x | 2.32x | 5.19x | 5.32x | 0.34x | 1.13x | 1.32x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |