← PRUDENTIAL 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 — — — — — — ($1.7b) $2.5b $2.8b $3.7b
Net Income (Loss) Attributable to Parent $4.4b $7.9b $4.1b $4.2b ($374.0m) $7.7b ($1.4b) $2.5b $2.7b $3.6b
Net Income (Loss) Available to Common Stockholders, Basic $4.4b $7.8b $4.0b $4.1b ($395.0m) $7.6b ($1.5b) $2.5b $2.7b $3.5b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — $7.9b $4.0b $4.1b ($242.0m) $7.7b ($1.4b) $2.5b $2.7b $3.6b
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $4.4b — — — $34.1b $107.2b $24.7b $28.8b $63.9b $83.1b
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 — — — — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest $51.0m $111.0m $14.0m $52.0m $228.0m $70.0m ($24.0m) $20.0m — —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $4.4b $8.0b $4.1b $4.2b ($146.0m) $7.8b ($1.5b) $2.5b $2.8b $3.7b
Amortization of Intangible Assets $116.0m $51.0m $61.0m $65.0m $102.0m $110.0m $104.0m $89.0m $80.0m $73.0m
Deferred Policy Acquisition Costs, Amortization Expense $1.9b $1.6b $2.3b $2.3b $2.2b $2.1b $2.4b $1.5b $1.5b $1.6b
Depreciation, Depletion and Amortization $318.0m $222.0m $161.0m $460.0m $457.0m $204.0m $124.0m ($70.0m) $383.0m $128.0m
Deferred Income Tax Expense (Benefit) $700.0m ($2.0b) $480.0m ($20.0m) ($369.0m) ($214.0m) ($1.1b) ($75.0m) ($778.0m) $398.0m
Asset Impairment Charge — — — — — — $903.0m $177.0m $0 $0
Goodwill and Intangible Asset Impairment — — — — — $1.1b $903.0m $177.0m $0 —
Goodwill impairment — — — $0 $0 $1.1b $903.0m $177.0m $0 $0
Goodwill, Impairment Loss — — — — — $1.1b $903.0m $177.0m — $0
Share-based Payment Arrangement, Expense $202.0m $263.0m $155.0m $231.0m $226.0m $268.0m $208.0m $254.0m $314.0m $257.0m
Earnings (Loss)es From Equity Investments — — — — — — $120.0m ($72.0m) ($57.0m) ($25.0m)
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — $772.0m $2.2b $657.0m $642.0m $867.0m $1.3b
Income (Loss) from Equity Method Investments $49.0m $49.0m $76.0m $100.0m $96.0m $87.0m ($56.0m) $49.0m $144.0m $129.0m
Income Tax Expense (Benefit) $1.3b ($1.4b) $822.0m $947.0m ($81.0m) $1.7b ($370.0m) $613.0m $507.0m $1.1b
Additional Financial Items
(Gains) losses on assets supporting experience-rated contractholder liabilities, net $17.0m ($336.0m) $863.0m ($971.0m) ($743.0m) $299.0m $1.1b ($503.0m) ($595.0m) ($648.0m)
Assets supporting experience-rated contractholder liabilities ($33.3b) ($39.0b) ($27.3b) ($14.6b) ($30.8b) ($21.4b) ($11.8b) ($2.3b) ($1.8b) ($1.9b)
Assets transferred upon surrender of IRA contracts — — — — — $0 $0 $2.0b $0 $0
Beginning Cash Position — — — — — — $12.9b $17.3b $19.5b $18.5b
Cash Flow From Continuing Financing Activities — — — — — — $4.9b $7.7b $19.4b $20.8b
Cash Flow From Continuing Investing Activities — — — — — — ($7.6b) ($12.1b) ($28.6b) ($25.9b)
Change In Other Working Capital — — — — — — ($5.6b) ($5.6b) ($4.1b) ($6.9b)
Change In Working Capital — — — — — — ($194.0m) ($958.0m) ($412.0m) ($4.6b)
Change in value of market risk benefits, net of related hedging (gains) losses — — — — — ($3.6b) $409.0m ($56.0m) $397.0m $475.0m
Changes In Cash — — — — — — $4.5b $2.1b ($689.0m) $1.2b
Commercial mortgage and other loans ($8.5b) ($8.9b) ($10.3b) ($10.7b) ($6.1b) ($9.4b) ($5.5b) ($6.4b) ($9.1b) ($9.6b)
Common Stock acquired ($2.0b) ($1.2b) ($1.5b) ($2.5b) ($500.0m) ($2.5b) ($1.5b) ($1.0b) ($1.0b) ($1.0b)
Deferred policy acquisition costs ($968.0m) ($1.2b) ($597.0m) ($634.0m) ($542.0m) ($451.0m) $232.0m ($869.0m) ($1.1b) ($1.2b)
Deferred reinsurance gain — — — — — — $0 $0 $363.0m $0
Deferred reinsurance loss — — — — — $0 $0 ($240.0m) ($1.1b) $0
Deposit assets established for Policyholders' account balances ceded — — — — — $0 $0 ($3.7b) $0 ($6.4b)
Derivatives, net $314.0m ($391.0m) $26.0m $1.0b $1.3b ($429.0m) ($1.9b) ($1.3b) ($696.0m) ($175.0m)
End Cash Position — — — — — — $17.3b $19.5b $18.5b $19.7b
Equity securities ($3.3b) ($3.0b) ($3.3b) ($2.8b) ($3.2b) ($4.4b) ($3.5b) ($4.3b) ($6.6b) ($8.5b)
Financing Cash Flow — — — — — — $4.9b $7.7b $19.4b $20.8b
Fixed maturities, available-for-sale ($66.9b) ($68.7b) ($77.2b) ($64.6b) ($56.5b) ($65.2b) ($60.1b) ($47.6b) ($73.0b) ($67.6b)
Fixed maturities, held-to-maturity $0 $155.0m ($9.0m) $0 $0 $239.0m $38.0m $22.0m $0 $0
Fixed maturities, trading $34.1b $40.7b ($1.1b) ($876.0m) ($1.4b) ($5.7b) ($659.0m) ($4.2b) ($7.0b) ($6.3b)
Free Cash Flow — — — — — — $5.2b $6.5b $8.5b $6.3b
Future policy benefits and other insurance liabilities $10.6b $10.9b $16.5b $11.0b $10.8b $7.8b $6.6b $5.5b $4.8b $3.5b
Gain Loss On Investment Securities — — — — — — $2.7b $950.0m $3.6b $996.0m
General and Administrative Expense $11.8b $11.9b $11.9b $13.4b $13.9b $13.6b $12.5b $13.0b $13.3b $13.0b
Goodwill $833.0m $843.0m $863.0m $3.0b $3.0b $1.8b $876.0m $1.1b $1.1b $1.1b
Income Taxes $618.0m ($1.6b) $49.0m ($339.0m) ($424.0m) ($62.0m) ($1.7b) ($442.0m) ($146.0m) ($493.0m)
Insurance Services Revenue — — $2.2b $2.6b $2.7b $2.3b $2.5b $2.2b $2.1b $2.0b
Interest credited to policyholders' account balances ($3.8b) ($3.8b) $3.2b $4.9b $4.5b $3.5b $2.3b $4.0b $4.6b $5.1b
Investing Cash Flow — — — — — — ($7.6b) ($12.1b) ($28.6b) ($25.9b)
Liabilities assumed $5.0b $6.3b $8.4b $4.5b $1.0b $6.4b $8.8b $3.3b $16.0b $489.0m
Market Risk Benefit, Change in Fair Value, Gain (Loss) — — — — — — — $56.0m ($397.0m) ($475.0m)
Net Business Purchase And Sale — — — — — $132.0m $422.0m $0 $0 —
Net cash received / (paid) — — — — — $1.0b $518.0m $1.0b $3.7b $303.0m
Net change in financing arrangements (maturities 90 days or less) $292.0m $38.0m $199.0m ($181.0m) ($21.0m) $297.0m ($214.0m) $10.0m ($583.0m) $449.0m
Net change in securities sold under agreements to repurchase and cash collateral for loaned securities $561.0m $815.0m $1.1b $16.0m $499.0m $42.0m ($1.5b) ($156.0m) $3.9b $1.9b
Novation of contracts under reinsurance agreement — — — — $0 $0 $3.1b $491.0m $0 $2.2b
Operating Expenses — — — — $8.9b $21.2b $3.6b $14.6b $22.3b $35.5b
Operating Gains Losses — — — — — — $2.8b $878.0m $3.5b $971.0m
Other Cash Adjustment Inside Changein Cash — — — — — ($2.1b) $2.1b $0 $0 —
Other Non Cash Items — — — — — — ($2.2b) ($2.2b) ($2.1b) ($2.0b)
Other invested assets $1.1b $1.3b ($2.7b) ($2.6b) ($2.8b) ($3.6b) ($2.8b) ($3.0b) ($3.9b) ($3.1b)
Other, net ($131.0m) ($14.0m) ($282.0m) ($181.0m) ($456.0m) ($364.0m) $2.2b $645.0m $830.0m $848.0m
Payables established under coinsurance with funds withheld — — — — — $0 $0 $8.2b $277.0m $0
Policy charges and fee income ($1.9b) ($2.5b) ($2.2b) ($2.6b) ($2.7b) ($2.3b) ($2.5b) ($2.2b) ($2.1b) ($2.0b)
Policy loans ($1.9b) ($1.9b) ($2.0b) ($1.9b) ($2.0b) ($1.2b) ($1.2b) ($1.5b) ($1.6b) ($1.6b)
Policy loans ceded — — — — — — $0 $0 $44.0m $0
Policyholders’ account deposits $29.6b $26.5b $28.8b $27.5b $41.4b $31.8b $30.1b $28.5b $35.9b $39.9b
Policyholders’ account withdrawals ($24.1b) ($25.7b) ($27.3b) ($26.7b) ($34.7b) ($29.2b) ($24.1b) ($18.3b) ($19.4b) ($20.3b)
Proceeds From Stock Option Exercised — — — — — — $163.0m $126.0m $201.0m $109.0m
Proceeds from Stock Options Exercised $426.0m $246.0m $132.0m $133.0m $153.0m $200.0m $163.0m $126.0m $201.0m $109.0m
Proceeds from notes issued by consolidated VIEs — $0 $0 $971.0m $0 $0 $137.0m $1.4b $1.4b $1.6b
Realized Investment Gains (Losses) $2.2b $432.0m $2.0b ($459.0m) ($3.9b) $4.0b ($3.4b) ($3.6b) ($3.4b) ($4.1b)
Realized investment gains(losses), net ($2.2b) ($432.0m) ($2.0b) $459.0m $3.9b ($4.0b) $3.4b $3.6b $3.4b $4.1b
Reinsurance payables — — — — — — — $0 $175.0m $0
Reinsurance recoverable — — — — — — — $0 ($7.9b) $0
Reinsurance recoverables established for Future policy benefits ceded — — — — — $0 $0 ($5.6b) ($7.4b) $0
Reinsurance related-balances — — — — — — ($868.0m) ($683.0m) ($2.7b) ($2.3b)
Repayments of notes issued by consolidated VIEs — $0 $0 ($638.0m) ($19.0m) $0 $0 ($336.0m) ($617.0m) ($439.0m)
Repurchase Of Capital Stock — — — — — — ($1.5b) ($1.0b) ($1.0b) ($1.0b)
Restricted cash and restricted cash equivalents (included in “Other assets”) $54.0m $46.0m $142.0m $147.0m $154.0m $46.0m $48.0m $44.0m $23.0m $37.0m
Sale Of Business — — — — — $132.0m $422.0m $0 $0 —
Short-term investments ($43.4b) ($28.3b) ($33.3b) ($37.3b) ($49.8b) ($32.3b) ($37.9b) ($32.9b) ($37.2b) ($31.0b)
Treasury Stock shares issued for stock-based compensation programs $115.0m $104.0m $138.0m $197.0m $151.0m $138.0m $236.0m $282.0m $217.0m $187.0m
Unwind of Deferred policy acquisition costs ceded — — — — — $0 $0 $23.0m $983.0m $219.0m
Net Cash Provided by (Used in) Operating Activities $14.8b $13.4b $21.7b $19.6b $8.4b $9.8b $5.2b $6.5b $8.5b $6.3b
Cash flows from investing activities:
Net Investment Purchase And Sale — — — — — — ($8.5b) ($9.3b) ($25.2b) ($24.1b)
Purchase Of Investment — — — — — — ($118.6b) ($95.6b) ($130.2b) ($118.6b)
Sale Of Investment — — — — — — $110.1b $86.3b $105.0b $94.5b
Net Other Investing Changes — — — — — — ($98.0m) ($676.0m) ($50.0m) ($207.0m)
Payments for (Proceeds from) Other Investing Activities $227.0m $712.0m $188.0m $437.0m $278.0m $596.0m $98.0m $676.0m $50.0m $207.0m
Net Cash Provided by (Used in) Investing Activities ($21.6b) ($11.9b) ($21.6b) ($17.0b) ($16.2b) ($5.3b) ($7.6b) ($12.1b) ($28.6b) ($25.9b)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $2.8b $2.1b $2.9b $2.8b
Long Term Debt Issuance — — — — — — $2.8b $2.1b $2.9b $2.8b
Net Issuance Payments Of Debt — — — — — — $1.4b ($232.0m) $845.0m $1.2b
Net Long Term Debt Issuance — — — — — — $1.7b ($242.0m) $1.4b $774.0m
Net Short Term Debt Issuance — — — — — — ($214.0m) $10.0m ($583.0m) $449.0m
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale — $58.2b $59.7b $52.3b $44.1b $64.8b $50.8b $44.1b $59.1b $45.2b
Proceeds from the issuance of debt (maturities longer than 90 days) $2.7b $1.2b $2.9b $3.0b $3.0b $268.0m $2.7b $716.0m $1.4b $1.2b
Long Term Debt Payments — — — — — — ($1.2b) ($2.3b) ($1.4b) ($2.0b)
Repayment Of Debt — — — — — — ($1.2b) ($2.3b) ($1.4b) ($2.0b)
Repayments of debt (maturities longer than 90 days) ($2.8b) ($1.8b) ($1.8b) ($1.4b) ($2.7b) ($1.7b) ($1.2b) ($2.0b) ($814.0m) ($1.5b)
Common Stock reissued for exercise of stock options $426.0m $246.0m $132.0m $133.0m $153.0m $200.0m $163.0m $126.0m $201.0m $109.0m
Net Common Stock Issuance — — — — — — ($1.5b) ($1.0b) ($1.0b) ($1.0b)
Common Stock Payments — — — — — — ($1.5b) ($1.0b) ($1.0b) ($1.0b)
Payments for Repurchase of Common Stock $2.0b $1.2b $1.5b $2.5b $500.0m $2.5b $1.5b $1.0b $1.0b $1.0b
Payments of Ordinary Dividends, Common Stock $1.3b $1.3b $1.5b $1.6b $1.8b $1.8b $1.8b $1.8b $1.9b $1.9b
Cash Dividends Paid — — — — — — ($1.8b) ($1.8b) ($1.9b) ($1.9b)
Cash dividends paid on Common Stock ($1k) ($1k) ($2k) ($2k) ($2k) ($2k) ($2k) ($2k) ($2k) ($2k)
Common Stock Dividend Paid — — — — — — ($1.8b) ($1.8b) ($1.9b) ($1.9b)
Net Other Financing Charges — — — — — — $8.2b $10.9b $17.4b $20.5b
Proceeds from (Payments for) Other Financing Activities ($131.0m) ($14.0m) ($282.0m) ($181.0m) ($456.0m) ($364.0m) $2.2b $645.0m $830.0m $848.0m
Net Cash Provided by (Used in) Financing Activities $3.2b ($1.3b) $781.0m ($1.6b) $4.9b ($3.0b) $4.9b $7.7b $19.4b $20.8b
Effect Of Exchange Rate Changes — — — — — — ($159.0m) $37.0m ($254.0m) $77.0m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — ($159.0m) $37.0m ($254.0m) $77.0m
Effect of foreign exchange rate changes on cash balances $50.0m $110.0m $142.0m $16.0m $340.0m ($309.0m) ($159.0m) $37.0m ($254.0m) $77.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $959.0m $979.0m ($2.6b) ($921.0m) $4.4b $2.2b ($943.0m) $1.2b
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS ($3.6b) $355.0m $959.0m $979.0m ($2.6b) ($921.0m) $4.4b $2.2b ($943.0m) $1.2b
Assets received, excluding Cash and cash equivalents $3.2b $2.7b $816.0m $3.2b $703.0m $5.4b $8.2b $2.3b $11.7b $108.0m
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS, BEGINNING OF YEAR $14.2b $14.5b $15.5b $16.5b $13.9b $12.9b $17.3b $19.5b $18.5b $19.7b
Cash and cash equivalents $14.1b $14.5b $15.4b $16.3b $13.7b $12.9b $17.3b $19.4b $18.5b $19.7b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $15.5b $16.5b $13.9b $12.9b $17.3b $19.5b $18.5b $19.7b
Net assets transferred, excluding Cash and cash equivalent — — — — — $0 $0 $1.4b $6.7b $6.1b
Restricted Cash and Investments, Current — $45.0m — — — — — — — —
Total cash, cash equivalents, restricted cash and restricted cash equivalents $14.2b $14.5b $15.5b $16.5b $13.9b $12.9b $17.3b $19.5b $18.5b $19.7b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $4.4b $2.2b ($943.0m) $1.2b
Interest Paid Supplemental Data — — — — — — $1.5b $1.6b $2.0b $1.9b
Interest paid $1.3b $1.2b $1.4b $1.5b $1.5b $1.5b $1.5b $1.6b $2.0b $1.9b
Income Taxes Paid, Net $770.0m $185.0m $760.0m $1.3b $287.0m $1.7b $1.1b $895.0m $756.0m $1.4b

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.