← Brighthouse Financial, 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 — — — — — — $3.9b ($1.1b) $393.0m $438.0m
Net Income (Loss) Attributable to Parent — — — ($740.0m) ($1.1b) ($108.0m) $5.0m ($1.1b) $388.0m $433.0m
Net Income (Loss) Available to Common Stockholders, Basic ($2.9b) ($378.0m) $865.0m ($761.0m) ($1.1b) ($197.0m) ($99.0m) ($1.2b) $286.0m $331.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($2.9b) ($378.0m) $870.0m ($735.0m) ($1.1b) ($103.0m) $10.0m ($1.1b) $393.0m $438.0m
Net Income (Loss) Attributable to Noncontrolling Interest — — $5.0m $5.0m $5.0m $5.0m $5.0m $5.0m $5.0m $5.0m
Depreciation and amortization $17.0m $17.0m $18.0m — — — — — — —
Amortization of Intangible Assets $16.0m $15.0m $14.0m $13.0m — — — — — —
Deferred Policy Acquisition Costs, Amortization Expense $256.0m $187.0m $944.0m $373.0m $738.0m $151.0m $890.0m $211.0m $162.0m $143.0m
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization $371.0m $227.0m $1.1b $382.0m $766.0m $144.0m $956.0m $620.0m $599.0m $609.0m
Amortization Of Securities — — — — — — ($233.0m) ($282.0m) ($330.0m) ($320.0m)
Deferred Income Tax Expense (Benefit) ($1.5b) ($667.0m) $285.0m ($285.0m) — — — — — —
Share-based Payment Arrangement, Expense — — — — — $23.0m $22.0m $29.0m $23.0m $42.0m
Goodwill, Impairment Loss $161.0m $0 $0 — — — — — — —
Gain (Loss) on Disposition of Other Assets $1.0m ($1.0m) — — — — — — — —
Gain (Loss) on Extinguishment of Debt — — — — — ($75.0m) $0 $0 — —
Income Tax Expense (Benefit) ($1.8b) ($237.0m) $119.0m ($317.0m) ($363.0m) ($105.0m) ($182.0m) ($367.0m) $29.0m $36.0m
Earnings (Loss)es From Equity Investments — — — — — — $110.0m $83.0m $41.0m ($24.0m)
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions $7.0m $46.0m $66.0m ($70.0m) $54.0m $987.0m ($110.0m) ($83.0m) ($41.0m) $24.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($2.2b) ($2.3b) ($2.1b) ($2.0b) ($2.0b) ($2.1b) ($1.8b) ($1.1b) ($1.2b) ($1.1b)
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded — — — — $4.0m $11.0m — $18.0m $58.0m $4.0m
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — — $312.0m ($4.0m) ($184.0m) ($201.0m) ($173.0m) ($71.0m)
Insurance Services Revenue — — $5.1b $4.9b $4.6b $4.8b $4.3b $3.6b $3.5b $3.4b
Market Risk Benefit, Change in Fair Value, Gain (Loss) — — — — — ($3.3b) ($3.3b) $1.5b $2.7b $268.0m
Operating Expenses $2.3b $2.5b $2.6b $2.5b $2.4b $2.5b $2.1b $2.0b $1.9b $2.0b
Proceeds from Contributions from Parent $1.8b $293.0m $0 $0 — — — — — —
Realized Investment Gains (Losses) — — — — — ($59.0m) ($248.0m) ($246.0m) ($295.0m) ($97.0m)
Beginning Cash Position — — — — — — $4.5b $4.1b $3.9b $5.0b
Cash Flow From Continuing Financing Activities — — — — — — $9.1b $3.1b $3.7b ($668.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($8.3b) ($3.2b) ($2.2b) $751.0m
Change In Other Current Assets — — — — — — $1.3b $1.1b $1.2b $1.1b
Change In Other Current Liabilities — — — — — — $176.0m $95.0m $402.0m $420.0m
Change In Other Working Capital — — — — — — ($2.5b) ($1.2b) ($2.0b) $242.0m
Change In Receivables — — — — — — ($1.4b) ($1.3b) ($1.5b) ($400.0m)
Change In Working Capital — — — — — — ($4.3b) ($1.3b) ($2.1b) $1.4b
Changes In Account Receivables — — — — — — ($1.4b) ($1.3b) ($1.5b) ($400.0m)
Changes In Cash — — — — — — ($359.0m) ($264.0m) $1.2b $342.0m
End Cash Position — — — — — — $4.1b $3.9b $5.0b $5.4b
Financing Cash Flow — — — — — — $9.1b $3.1b $3.7b ($668.0m)
Free Cash Flow — — — — — — ($1.2b) ($137.0m) ($290.0m) $259.0m
Gain Loss On Investment Securities — — — — — — $248.0m $232.0m $264.0m $51.0m
Investing Cash Flow — — — — — — ($8.3b) ($3.2b) ($2.2b) $751.0m
Issuance Of Capital Stock — — — — — $339.0m $0 $0 — —
Net Business Purchase And Sale — — — — — — ($562.0m) ($248.0m) $38.0m $292.0m
Net Preferred Stock Issuance — — — — — $339.0m $0 $0 — —
Operating Gains Losses — — — — — — $358.0m $315.0m $305.0m $27.0m
Other Non Cash Items — — — — — — ($2.4b) ($2.3b) ($2.1b) ($2.1b)
Preferred Stock Issuance — — — — — $339.0m $0 $0 — —
Purchase Of Business — — — — — — ($814.0m) ($453.0m) ($299.0m) ($278.0m)
Repurchase Of Capital Stock — — — — — — ($488.0m) ($250.0m) ($250.0m) ($102.0m)
Sale Of Business — — — — — — $252.0m $205.0m $337.0m $570.0m
Gain (Loss) on Investments ($78.0m) ($28.0m) ($207.0m) $112.0m $278.0m ($59.0m) ($248.0m) ($232.0m) ($264.0m) ($51.0m)
Derivative, Gain (Loss) on Derivative, Net — — — — — — — — $8.0m $4.0m
Gain (Loss) on Derivative Instruments, Net, Pretax ($5.9b) ($1.6b) $702.0m ($2.0b) ($18.0m) ($2.5b) $304.0m ($3.9b) ($3.7b) ($1.8b)
Gain (Loss) on Sales of Loans, Net $6.0m ($9.0m) ($13.0m) ($10.0m) ($27.0m) — — — — —
Net Cash Provided by (Used in) Operating Activities $3.7b $3.4b $3.1b $1.8b $888.0m $746.0m ($1.2b) ($137.0m) ($290.0m) $259.0m
Cash flows from investing activities:
Net Investment Purchase And Sale — — — — — — ($4.5b) ($3.3b) ($682.0m) ($496.0m)
Purchase Of Investment — — — — — — ($20.5b) ($14.5b) ($24.9b) ($30.8b)
Gain (Loss) on Sale of Investments $11.0m ($5.0m) ($38.0m) ($8.0m) $11.0m — — — — —
Gains (Losses) on Sales of Investment Real Estate ($34.0m) $4.0m $42.0m $7.0m ($3.0m) — — — — —
Sale Of Investment — — — — — — $16.0b $11.1b $24.2b $30.3b
Payments for (Proceeds from) Other Investing Activities $0 ($2.0m) $0 $0 — — — — $4.0m $0
Net Cash Provided by (Used in) Investing Activities $4.7b ($3.9b) ($4.5b) ($7.3b) ($5.8b) ($12.2b) ($8.3b) ($3.2b) ($2.2b) $751.0m
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 $3.6b $375.0m $1.0b $615.0m $400.0m $0 $0 — —
Issuance Of Debt — — — — — $400.0m $0 $0 — —
Long Term Debt Issuance — — — — — $400.0m $0 $0 — —
Net Issuance Payments Of Debt — — — — — — ($3.0m) ($2.0m) ($2.0m) ($2.0m)
Net Long Term Debt Issuance — — — — — — ($3.0m) ($2.0m) ($2.0m) ($2.0m)
Repayments of Long-term Debt $26.0m $13.0m $9.0m $602.0m $1.6b $680.0m $3.0m $2.0m $2.0m $2.0m
Long Term Debt Payments — — — — — — ($3.0m) ($2.0m) ($2.0m) ($2.0m)
Repayment Of Debt — — — — — — ($3.0m) ($2.0m) ($2.0m) ($2.0m)
Net Common Stock Issuance — — — — — — ($488.0m) ($250.0m) ($250.0m) ($102.0m)
Payments for Repurchase of Common Stock — — $105.0m $442.0m $473.0m $499.0m $488.0m $250.0m $250.0m $102.0m
Common Stock Payments — — — — — — ($488.0m) ($250.0m) ($250.0m) ($102.0m)
Dividends paid $556.0m $0 — — — — — — — —
Cash Dividends Paid — — — — — — ($104.0m) ($102.0m) ($102.0m) ($102.0m)
Preferred Stock Dividend Paid — — — — — — ($104.0m) ($102.0m) ($102.0m) ($102.0m)
Proceeds from (Payments for) Other Financing Activities $0 ($48.0m) ($68.0m) ($56.0m) ($46.0m) ($86.0m) ($16.0m) ($19.0m) ($17.0m) ($17.0m)
Net Other Financing Charges — — — — — — $11.4b $4.3b $3.8b ($1.3b)
Net Cash Provided by (Used in) Financing Activities ($4.8b) ($2.9b) $3.8b $4.2b $6.2b $11.9b $9.1b $3.1b $3.7b ($668.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $3.7b ($3.4b) $2.3b $2.9b $4.1b $4.5b $4.1b $3.9b $5.0b $5.4b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($359.0m) ($264.0m) $1.2b $342.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $159.0m $187.0m $186.0m $160.0m $152.0m $151.0m $151.0m $151.0m
Income Taxes Paid, Net $189.0m ($637.0m) ($895.0m) $16.0m ($100.0m) $103.0m $44.0m $7.0m $13.0m $12.0m

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.