← AFLAC INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $4.4b $4.7b $5.4b $3.6b
Net Income (Loss) Attributable to Parent $2.7b $4.6b $2.9b $3.3b $4.8b $4.3b $4.2b $4.7b $5.4b $3.6b
Depreciation and amortization $54.0m $53.0m $49.0m $41.0m $41.0m $45.0m $45.0m $39.0m $40.0m $36.0m
Deferred Policy Acquisition Costs, Amortization Expense $1.1b $1.1b $1.2b $1.3b $1.2b $1.2b $1.2b $816.0m $851.0m $874.0m
Depreciation, Nonproduction $48.0m $50.0m $48.0m $40.0m $36.0m $39.0m $40.0m $35.0m — —
Amortization Of Securities — — — — — — ($262.0m) ($270.0m) ($205.0m) ($231.0m)
Deferred Income Tax Expense (Benefit) $524.0m ($1.2b) ($316.0m) $335.0m ($1.4b) ($98.0m) ($778.0m) ($1.1b) ($356.0m) ($228.0m)
Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss $215.0m $28.0m — — — — — — — —
Income Tax Expense (Benefit) $1.4b ($586.0m) $1.1b $1.1b ($619.0m) $997.0m $403.0m $603.0m $974.0m $887.0m
Other Nonoperating Income (Expense) ($28.0m) ($69.0m) ($74.0m) ($1.0m) ($28.0m) ($74.0m) $0 $39.0m — —
Additional Financial Items
Equity Securities, FV-NI, Unrealized Gain (Loss) — — ($124.0m) $64.0m $210.0m $141.0m ($340.0m) $63.0m $118.0m $46.0m
Foreign Currency Transaction Gain (Loss), Realized — ($33.0m) — — — — — — — —
Goodwill — — — — $269.0m $268.0m $265.0m $265.0m $263.0m $260.0m
Operating Expenses — — — — — $6.2b $5.7b $5.2b $5.1b $5.3b
Proceeds from Stock Options Exercised — $58.0m $48.0m $40.0m $18.0m $26.0m $16.0m $16.0m $13.0m $9.0m
Provision for Loan, Lease, and Other Losses — — — — — — — — $256.0m $191.0m
Financing Receivable, Credit Loss, Expense (Reversal) — — — — — — — — $207.0m $192.0m
Beginning Cash Position — — — — — — $5.1b $3.9b $4.3b $6.2b
Cash Flow From Continuing Financing Activities — — — — — — ($3.6b) ($3.7b) ($3.5b) ($4.1b)
Cash Flow From Continuing Investing Activities — — — — — — ($1.5b) $817.0m $2.8b $1.6b
Change In Income Tax Payable — — — — — — ($509.0m) ($967.0m) ($393.0m) ($278.0m)
Change In Payable — — — — — — ($509.0m) ($967.0m) ($393.0m) ($278.0m)
Change In Payables And Accrued Expense — — — — — — ($509.0m) ($967.0m) ($393.0m) ($278.0m)
Change In Receivables — — — — — — $5.0m ($133.0m) $51.0m ($66.0m)
Change In Tax Payable — — — — — — ($509.0m) ($967.0m) ($393.0m) ($278.0m)
Change In Working Capital — — — — — — $222.0m ($1.7b) ($644.0m) ($1.2b)
Changes In Cash — — — — — — ($1.2b) $284.0m $2.0b $47.0m
End Cash Position — — — — — — $3.9b $4.3b $6.2b $6.2b
Financing Cash Flow — — — — — — ($3.6b) ($3.7b) ($3.5b) ($4.1b)
Free Cash Flow — — — — — — $3.9b $3.2b $2.7b $2.6b
Gain Loss On Investment Securities — — — — — — $341.0m ($85.0m) $462.0m $350.0m
Investing Cash Flow — — — — — — ($1.5b) $817.0m $2.8b $1.6b
Issuance Of Capital Stock — — — — — — $17.0m $17.0m $14.0m $8.0m
Net Foreign Currency Exchange Gain Loss — — — — — — ($1.9b) ($1.2b) ($2.3b) ($264.0m)
Operating Gains Losses — — — — — — ($1.5b) ($1.3b) ($1.8b) $86.0m
Other Non Cash Items — — — — — — ($125.0m) $1.2b ($415.0m) ($82.0m)
Repurchase Of Capital Stock — — — — — — ($2.4b) ($2.8b) ($2.8b) ($3.5b)
Gain (Loss) on Investments ($123.0m) ($151.0m) ($430.0m) ($135.0m) ($270.0m) $468.0m $363.0m $590.0m $1.3b ($572.0m)
Gain (Loss) on Derivative Instruments, Net, Pretax ($255.0m) ($109.0m) ($224.0m) ($174.0m) $399.0m ($805.0m) ($1.2b) ($531.0m) ($363.0m) ($295.0m)
Net Cash Provided by (Used in) Operating Activities $6.0b $6.1b $6.0b $5.5b $6.0b $5.1b $3.9b $3.2b $2.7b $2.6b
Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired $0 $0 — — — — — — — —
Net Investment Purchase And Sale — — — — — — $728.0m $722.0m $881.0m ($985.0m)
Purchase Of Investment — — — — — — ($4.3b) ($3.6b) ($7.1b) ($12.5b)
Sale Of Investment — — — — — — $5.0b $4.3b $8.0b $11.5b
Payments for (Proceeds from) Other Investing Activities $76.0m $68.0m ($176.0m) $123.0m $265.0m ($41.0m) ($112.0m) $149.0m ($61.0m) $295.0m
Net Other Investing Changes — — — — — — ($561.0m) ($550.0m) $841.0m $1.9b
Net Cash Provided by (Used in) Investing Activities ($3.9b) ($5.4b) ($3.6b) ($3.2b) ($4.6b) ($2.4b) ($1.5b) $817.0m $2.8b $1.6b
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $1.1b $768.0m — — — — — — — —
Issuance Of Debt — — — — — — $1.3b $204.0m $823.0m $1.0b
Long Term Debt Issuance — — — — — — $1.3b $204.0m $823.0m $1.0b
Net Issuance Payments Of Debt — — — — — — ($139.0m) $204.0m $629.0m $955.0m
Net Long Term Debt Issuance — — — — — — ($139.0m) $204.0m $629.0m $955.0m
Long Term Debt Payments — — — — — — ($1.4b) $0 ($194.0m) ($84.0m)
Repayment Of Debt — — — — — — ($1.4b) $0 ($194.0m) ($84.0m)
Common Stock Issuance — — — — — — $17.0m $17.0m $14.0m $8.0m
Net Common Stock Issuance — — — — — — ($2.4b) ($2.8b) ($2.8b) ($3.5b)
Payments for Repurchase of Common Stock $1.4b $1.4b $1.3b $1.6b $1.5b $2.3b $2.4b $2.8b $2.8b $3.5b
Common Stock Payments — — — — — — ($2.4b) ($2.8b) ($2.8b) ($3.5b)
Dividends paid $658.0m $661.0m $793.0m $771.0m $769.0m $855.0m $979.0m $966.0m $1.1b $1.2b
Cash Dividends Paid — — — — — — ($979.0m) ($966.0m) ($1.1b) ($1.2b)
Common Stock Dividend Paid — — — — — — ($979.0m) ($966.0m) ($1.1b) ($1.2b)
Proceeds from (Payments for) Other Financing Activities ($120.0m) $0 ($19.0m) $22.0m ($27.0m) ($26.0m) $34.0m ($17.0m) ($28.0m) ($38.0m)
Net Other Financing Charges — — — — — — ($49.0m) ($177.0m) ($242.0m) ($304.0m)
Net Cash Provided by (Used in) Financing Activities ($1.6b) ($2.1b) ($1.6b) ($1.7b) ($1.1b) ($2.7b) ($3.6b) ($3.7b) ($3.5b) ($4.1b)
Effect Of Exchange Rate Changes — — — — — — $104.0m $79.0m ($79.0m) ($31.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — $245.0m ($90.0m) ($1.1b) $363.0m $1.9b $16.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $5.1b $5.1b $3.9b $4.3b $6.2b $6.2b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($1.1b) $363.0m $1.9b $16.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $190.0m $210.0m $213.0m $211.0m $185.0m $180.0m $197.0m
Income Taxes Paid, Net $1.5b $780.0m $998.0m $1.4b $800.0m $880.0m $961.0m $1.6b $1.4b $1.2b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.