← LOEWS CORP
| 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 (Loss) Attributable to Parent | $654.0m | $1.2b | $636.0m | $932.0m | ($931.0m) | $1.6b | $1.0b | $1.4b | $1.4b | $1.7b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $654.0m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $716.0m | — | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $62.0m | $248.0m | $70.0m | ($61.0m) | ($360.0m) | $125.0m | $91.0m | $111.0m | $80.0m | $105.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $716.0m | $1.4b | $706.0m | $871.0m | ($1.3b) | $1.7b | $1.1b | $1.5b | $1.5b | $1.8b | |
| Amortization of Intangible Assets | — | $20.0m | $32.0m | $45.0m | $61.0m | $3.0m | $3.0m | $3.0m | $4.0m | — | |
| Amortization of investments | ($27.0m) | ($40.0m) | ($70.0m) | ($89.0m) | ($67.0m) | ($81.0m) | ($129.0m) | ($191.0m) | ($200.0m) | ($208.0m) | |
| Deferred Policy Acquisition Costs, Amortization Expense | $1.2b | $1.2b | $1.3b | $1.4b | $1.4b | $1.4b | $1.5b | $1.6b | $1.8b | $1.9b | |
| Depreciation | $841.0m | $874.0m | $912.0m | $943.0m | $734.0m | $515.0m | $509.0m | $538.0m | $583.0m | $610.0m | |
| Depreciation, Depletion and Amortization | $841.0m | $854.0m | $880.0m | $898.0m | $673.0m | $503.0m | $509.0m | $534.0m | $580.0m | $607.0m | |
| Deferred Income Tax Expense (Benefit) | $102.0m | ($47.0m) | $86.0m | $70.0m | ($235.0m) | $213.0m | $5.0m | $127.0m | ($45.0m) | $112.0m | |
| Provision for deferred income taxes | $102.0m | ($47.0m) | $86.0m | $70.0m | ($235.0m) | $213.0m | $5.0m | $127.0m | ($45.0m) | $112.0m | |
| Share-based Payment Arrangement, Expense | $32.0m | $33.0m | $35.0m | $37.0m | $37.0m | $33.0m | $34.0m | $36.0m | $39.0m | $41.0m | |
| Equity method investees | $221.0m | $25.0m | $572.0m | $20.0m | $102.0m | ($74.0m) | $236.0m | $18.0m | ($66.0m) | $9.0m | |
| Income (Loss) from Equity Method Investments | $41.0m | $81.0m | $73.0m | $69.0m | — | — | $139.0m | $120.0m | $58.0m | $74.0m | |
| Income Tax Expense (Benefit) | $220.0m | $170.0m | $128.0m | $248.0m | ($173.0m) | $479.0m | $278.0m | $451.0m | $380.0m | $511.0m | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ($221.0m) | ($25.0m) | ($572.0m) | ($20.0m) | ($102.0m) | $74.0m | ($236.0m) | ($18.0m) | $66.0m | ($9.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Acquisitions | ($79.0m) | ($1.2b) | ($37.0m) | ($257.0m) | ($58.0m) | — | — | ($401.0m) | — | — | |
| Cash, beginning of year | $440.0m | $327.0m | $405.0m | $336.0m | $478.0m | $621.0m | $532.0m | $399.0m | $541.0m | $495.0m | |
| Change in short-term investments | — | — | — | — | — | ($141.0m) | ($27.0m) | ($80.0m) | ($30.0m) | ($920.0m) | |
| Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded | — | — | — | — | — | — | — | — | $27.0m | $6.0m | |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | $79.0m | $14.0m | — | — | — | — | |
| Deferred acquisition costs | ($8.0m) | ($24.0m) | ($6.0m) | ($26.0m) | ($43.0m) | ($30.0m) | ($79.0m) | ($85.0m) | ($69.0m) | ($17.0m) | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $21.0m | ($10.0m) | $8.0m | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | ($21.0m) | $26.0m | $0 | ($3.0m) | $12.0m | ($1.0m) | ($20.0m) | $8.0m | ($7.0m) | $10.0m | |
| Goodwill | $346.0m | $659.0m | $665.0m | $767.0m | $785.0m | $349.0m | $346.0m | $347.0m | $347.0m | $349.0m | |
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | — | — | $268.0m | $929.0m | $408.0m | |
| Increase (Decrease) in Other Operating Assets | $71.0m | $95.0m | $102.0m | $356.0m | $513.0m | $946.0m | $391.0m | $88.0m | ($417.0m) | ($223.0m) | |
| Insurance reserves | $237.0m | $22.0m | $482.0m | $358.0m | $1.7b | $2.5b | $1.8b | $1.7b | $2.4b | $1.7b | |
| Investment losses | ($50.0m) | ($122.0m) | $57.0m | ($49.0m) | $1.2b | ($660.0m) | $199.0m | $53.0m | $81.0m | $81.0m | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | — | — | — | — | $5.9b | $6.0b | $6.2b | $5.8b | $6.4b | $7.0b | |
| Net change in cash | ($113.0m) | $145.0m | ($67.0m) | ($69.0m) | $142.0m | $143.0m | ($89.0m) | ($133.0m) | $142.0m | ($46.0m) | |
| Other assets | ($71.0m) | ($95.0m) | ($102.0m) | ($356.0m) | ($513.0m) | ($946.0m) | ($391.0m) | ($88.0m) | $417.0m | $223.0m | |
| Other liabilities | $26.0m | $114.0m | ($102.0m) | $193.0m | $256.0m | $897.0m | $137.0m | ($95.0m) | ($9.0m) | ($274.0m) | |
| Other non-cash items | $73.0m | $164.0m | $72.0m | $87.0m | $61.0m | $71.0m | $57.0m | $109.0m | $98.0m | $122.0m | |
| Other, net | ($2.0m) | ($16.0m) | $74.0m | ($16.0m) | ($2.0m) | ($12.0m) | ($16.0m) | ($18.0m) | ($58.0m) | ($67.0m) | |
| Proceeds from maturities of fixed maturities | $3.2b | $3.6b | $2.4b | $3.0b | $3.8b | $4.5b | $2.4b | $1.3b | $2.4b | $3.4b | |
| Proceeds from sales of equity securities | — | — | $89.0m | $214.0m | $355.0m | $316.0m | $509.0m | $317.0m | $523.0m | $505.0m | |
| Proceeds from sales of fixed maturities | $5.3b | $5.4b | $8.4b | $5.8b | $5.9b | $3.8b | $5.9b | $4.0b | $2.8b | $2.9b | |
| Purchases of Loews Corporation treasury stock | ($134.0m) | ($216.0m) | ($1.0b) | ($1.1b) | ($923.0m) | ($1.1b) | ($729.0m) | ($849.0m) | ($608.0m) | ($806.0m) | |
| Purchases of equity securities | — | — | ($258.0m) | ($186.0m) | ($452.0m) | ($304.0m) | ($294.0m) | ($293.0m) | ($444.0m) | ($593.0m) | |
| Purchases of fixed maturities | ($9.8b) | ($9.1b) | ($10.8b) | ($8.7b) | ($10.3b) | ($9.3b) | ($9.8b) | ($6.6b) | ($6.4b) | ($7.1b) | |
| Receivables | $24.0m | $93.0m | ($131.0m) | $114.0m | ($425.0m) | ($1.4b) | ($316.0m) | ($268.0m) | ($929.0m) | ($408.0m) | |
| Trading securities | ($528.0m) | $108.0m | $1.7b | ($494.0m) | ($571.0m) | ($49.0m) | $159.0m | $577.0m | ($695.0m) | ($413.0m) | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | $86.0m | — | — | — | — | — | — | — | ($367.0m) | — | |
| Gain (Loss) on Investments | $50.0m | $122.0m | ($57.0m) | $49.0m | ($1.2b) | $660.0m | ($199.0m) | ($53.0m) | ($81.0m) | ($81.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $2.3b | $2.6b | $4.2b | $1.7b | $1.7b | $2.6b | $3.3b | $3.9b | $3.0b | $3.3b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.4b | $1.0b | $995.0m | $1.0b | $710.0m | $482.0m | $660.0m | $686.0m | $632.0m | $579.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $79.0m | $1.2b | $37.0m | $257.0m | $58.0m | — | — | $401.0m | — | — | |
| Purchases of limited partnership investments | ($355.0m) | ($171.0m) | ($420.0m) | ($198.0m) | ($224.0m) | ($440.0m) | ($337.0m) | ($402.0m) | ($335.0m) | ($447.0m) | |
| Proceeds from sales of limited partnership investments | $327.0m | $212.0m | $470.0m | $742.0m | $398.0m | $307.0m | $171.0m | $231.0m | $98.0m | $103.0m | |
| Payments for (Proceeds from) Other Investing Activities | ($158.0m) | $373.0m | $229.0m | $178.0m | $127.0m | ($87.0m) | $92.0m | $178.0m | $14.0m | $82.0m | |
| Net cash flow used by investing activities | ($2.2b) | ($2.7b) | ($1.4b) | ($671.0m) | ($1.4b) | ($1.2b) | ($2.3b) | ($2.7b) | ($2.0b) | ($2.8b) | |
| Net Cash Provided by (Used in) Investing Activities | ($2.2b) | ($2.7b) | ($1.4b) | ($671.0m) | ($1.4b) | ($1.2b) | ($2.3b) | ($2.7b) | ($2.0b) | ($2.8b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance of debt | $3.6b | $3.1b | $865.0m | $2.1b | $2.7b | $1.2b | $573.0m | $778.0m | $1.3b | $1.4b | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $3.2b | $3.6b | $2.4b | $3.0b | $3.8b | $4.5b | $2.4b | $1.3b | $2.4b | $3.4b | |
| Principal payments on debt | ($3.4b) | ($2.4b) | ($1.0b) | ($2.0b) | ($1.7b) | ($1.2b) | ($640.0m) | ($878.0m) | ($1.4b) | ($869.0m) | |
| Payments for Repurchase of Common Stock | $134.0m | $216.0m | $1.0b | $1.1b | $923.0m | $1.1b | $729.0m | $849.0m | $608.0m | $806.0m | |
| Payments of Ordinary Dividends, Common Stock | $84.0m | $84.0m | $80.0m | $76.0m | $70.0m | $65.0m | $61.0m | $57.0m | $55.0m | $52.0m | |
| Purchases of subsidiary stock from noncontrolling interests | ($8.0m) | — | ($1.5b) | ($23.0m) | ($37.0m) | ($18.0m) | ($66.0m) | ($202.0m) | ($20.0m) | ($34.0m) | |
| Dividends paid | ($84) | ($84) | ($80) | ($76) | ($70) | ($65) | ($61) | ($57) | ($55) | ($52) | |
| Proceeds from (Payments for) Other Financing Activities | ($2.0m) | ($16.0m) | $74.0m | ($16.0m) | ($2.0m) | ($12.0m) | ($16.0m) | ($18.0m) | ($58.0m) | ($67.0m) | |
| Net cash flow used by financing activities | ($166.0m) | $201.0m | ($2.8b) | ($1.1b) | ($198.0m) | ($1.3b) | ($1.0b) | ($1.3b) | ($898.0m) | ($513.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($166.0m) | $201.0m | ($2.8b) | ($1.1b) | ($198.0m) | ($1.3b) | ($1.0b) | ($1.3b) | ($898.0m) | ($513.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($13.0m) | $9.0m | ($10.0m) | $5.0m | $9.0m | ($4.0m) | ($19.0m) | $5.0m | ($10.0m) | $16.0m | |
| Effect of foreign exchange rate on cash | ($13.0m) | $9.0m | ($10.0m) | $5.0m | $9.0m | ($4.0m) | ($19.0m) | $5.0m | ($10.0m) | $16.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($13.0m) | $9.0m | ($67.0m) | ($69.0m) | $142.0m | $143.0m | ($89.0m) | ($133.0m) | $142.0m | ($46.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $405.0m | $336.0m | $478.0m | $621.0m | $532.0m | $399.0m | $541.0m | $495.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $511.0m | $533.0m | $558.0m | $560.0m | $463.0m | $391.0m | $380.0m | $385.0m | $422.0m | $421.0m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $381.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.