← Voya 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 — — — — — — $510.0m $729.0m $742.0m $733.0m
Net Income (Loss) Attributable to Parent ($428.0m) ($3.0b) $875.0m ($351.0m) ($206.0m) $2.1b $510.0m $625.0m $667.0m $654.0m
Net Income (Loss) Available to Common Stockholders, Basic — — — ($379.0m) ($242.0m) $2.1b $474.0m $589.0m $626.0m $613.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($398.7m) ($2.8b) $1.0b ($301.0m) ($49.0m) $2.9b $433.0m $729.0m $742.0m $733.0m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — ($412.0m) $418.0m $687.0m $177.0m $2.1b $474.0m $589.0m — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — ($212.0m) $555.0m $765.0m $370.0m $2.9b $433.0m $729.0m $742.0m $733.0m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — ($2.6b) $457.0m ($1.1b) ($419.0m) $12.0m $0 $0 — —
Net Income (Loss) Attributable to Noncontrolling Interest $29.3m $200.0m $137.0m $50.0m $157.0m $761.0m ($77.0m) $104.0m $75.0m $79.0m
Depreciation, Depletion and Amortization $98.6m $19.0m — — — — — — — —
Amortization of Intangible Assets $63.3m $62.0m $61.0m $60.0m $55.0m $46.0m $36.0m $85.0m $96.0m $103.0m
Deferred Policy Acquisition Costs, Amortization Expense $400.7m $353.0m $313.0m $169.0m $174.0m $562.0m $165.0m — — —
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization $551.0m $529.0m $368.0m $199.0m $352.0m $795.0m $187.0m $230.0m $223.0m $249.0m
Depreciation $25.3m $19.0m — — — — — — — —
Deferred Income Tax Expense (Benefit) ($40.8m) $862.0m $1.0m ($332.0m) ($9.0m) $346.0m $3.0m ($62.0m) $42.0m $89.0m
Deferred Income Tax — — — — — — ($35.0m) ($62.0m) $42.0m $89.0m
Deferred Tax — — — — — — ($35.0m) ($62.0m) $42.0m $89.0m
Share-based Payment Arrangement, Noncash Expense $94.1m $117.0m $96.0m $98.0m $88.0m $88.0m $90.0m $126.0m $96.0m $72.0m
Payment, Tax Withholding, Share-based Payment Arrangement $6.5m $8.0m $14.0m $22.0m $17.0m $44.0m — — — —
Share-based Payment Arrangement, Expense $109.4m $118.0m $97.0m $97.0m $88.0m $88.0m $90.0m $129.0m $99.0m $73.0m
Goodwill, Impairment Loss — — — — — $0 — $0 — —
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — $33.0m — —
Operating Lease, Impairment Loss — — — — — $17.0m $5.0m $14.0m $0 $0
Equity Method Investment, Realized Gain (Loss) on Disposal — $31.0m $42.0m $93.0m $30.0m — — — — —
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — — — — — — — — $16.0m
Gain (Loss) on Disposition of Business ($13.5m) — — — — — — — — ($147.0m)
Gain (Loss) on Extinguishment of Debt ($104.6m) — — — — ($31.0m) — — — —
Income Tax Expense (Benefit) ($214.7m) $740.0m $55.0m ($205.0m) ($18.0m) ($98.0m) ($5.0m) ($51.0m) $57.0m $104.0m
Operating Lease, Expense — — — — — $28.0m $21.0m — — —
Other Nonoperating Income (Expense) $361.1m $371.0m $447.0m $465.0m $409.0m $579.0m $148.0m — — —
Earnings (Loss)es From Equity Investments — — — — — — ($590.0m) ($197.0m) ($196.0m) ($246.0m)
Additional Financial Items
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded — — — — — — $9.0m — — —
Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded — — — — — — — $11.0m $24.0m $12.0m
Goodwill — — $48.0m $48.0m $48.0m $72.0m $327.0m $748.0m $748.0m $804.0m
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims — — — — — — — — $1.7b $1.3b
Operating Expenses $2.9b $2.7b $2.7b $2.7b $2.7b $2.6b $2.5b $3.1b $3.1b $3.4b
Payments of Financing Costs $46.0m $50.0m $34.0m $34.0m $29.0m $2.0m $2.0m $1.0m $1.0m $1.0m
Proceeds from Contributions from Affiliates $50.5m — — — — — — — — —
Proceeds from Contributions from Parent $0 $0 $0 $0 — — — — — —
Realized Investment Gains (Losses) ($1.3b) ($227.0m) ($399.0m) ($166.0m) ($365.0m) $1.4b ($685.0m) ($72.0m) ($27.0m) ($130.0m)
Revenue from Contract with Customer, Including Assessed Tax — — $2.7b $2.0b $2.0b $2.2b $2.1b $2.3b $2.5b $2.7b
Beginning Cash Position — — — — — — $202.0m $1.0b $1.1b $1.5b
Cash Flow From Continuing Financing Activities — — — — — — ($1.2b) ($4.1b) ($1.4b) ($85.0m)
Cash Flow From Continuing Investing Activities — — — — — — $724.0m $2.5b $481.0m ($1.4b)
Cash From Discontinued Financing Activities — — — — — $0 $0 $0 — —
Cash From Discontinued Investing Activities — — — — — $476.0m $0 $0 — —
Change In Other Working Capital — — — — — — ($355.0m) ($98.0m) ($511.0m) ($659.0m)
Change In Payables And Accrued Expense — — — — — — ($10.0m) ($95.0m) ($70.0m) $107.0m
Change In Receivables — — — — — — $25.0m $569.0m $496.0m $712.0m
Change In Working Capital — — — — — — $15.0m $761.0m $482.0m $406.0m
Changes In Account Receivables — — — — — — $276.0m $538.0m $649.0m $747.0m
Changes In Cash — — — — — — $7.0m $111.0m $396.0m ($166.0m)
End Cash Position — — — — — — $209.0m $1.1b $1.5b $1.3b
Financing Cash Flow — — — — — — ($1.2b) ($4.1b) ($1.4b) ($85.0m)
Free Cash Flow — — — — — — $483.0m $1.6b $1.3b $1.3b
Gain Loss On Investment Securities — — — — — — $502.0m $72.0m $27.0m $130.0m
Investing Cash Flow — — — — — — $724.0m $2.5b $481.0m ($1.4b)
Issuance Of Capital Stock — — — — — — $7.0m $0 $6.0m $5.0m
Net Business Purchase And Sale — — — — — — $708.0m ($684.0m) ($1.3b) ($1.0b)
Operating Gains Losses — — — — — — ($88.0m) ($125.0m) ($169.0m) ($116.0m)
Other Non Cash Items — — — — — — $81.0m $209.0m $152.0m $104.0m
Purchase Of Business — — — — — — $0 ($2.1b) ($3.1b) ($2.8b)
Repurchase Of Capital Stock — — — — — — ($750.0m) ($369.0m) ($640.0m) ($200.0m)
Sale Of Business — — — — — — $708.0m $1.4b $1.8b $1.8b
Stock Based Compensation — — — — — — $90.0m $126.0m $96.0m $72.0m
Gain (Loss) on Investments ($140.9m) — — — — — — — — ($42.0m)
Derivative, Gain (Loss) on Derivative, Net ($757.5m) $1.0m $177.0m ($278.0m) ($60.0m) $124.0m $525.0m ($11.0m) $162.0m ($4.0m)
Gain (Loss) on Derivative Instruments, Net, Pretax ($81.7m) — — — — — — — — —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $13.5m $16.0m $19.0m $20.0m $19.0m — — — — —
Net Cash Provided by (Used in) Operating Activities $3.6b $1.6b $1.9b $1.3b $1.2b $72.0m $1.4b $1.6b $1.3b $1.3b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $66.7m — — — — — — — — —
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — $584.0m $0 ($224.0m)
Net Investment Purchase And Sale — — — — — — ($13.0m) $2.9b $1.0b ($259.0m)
Purchase Of Investment — — — — — — ($53.0m) ($4.5b) ($5.6b) ($9.1b)
Sale Of Investment — — — — — — $40.0m $7.3b $6.6b $8.9b
Payments for (Proceeds from) Other Investing Activities ($45.3m) ($3.0m) ($15.0m) $35.0m ($24.0m) ($399.0m) $67.0m $87.0m $132.0m $103.0m
Net Other Investing Changes — — — — — — ($5.0m) $147.0m $252.0m $26.0m
Net Cash Provided by (Used in) Investing Activities ($3.7b) ($2.4b) ($282.0m) ($1.3b) ($2.5b) ($327.0m) ($1.9b) $2.5b $481.0m ($1.4b)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — — — — — $388.0m $397.0m $0
Issuance Of Debt — — — — — — $0 $875.0m $1.6b $1.5b
Long Term Debt Issuance — — — — — — $0 $875.0m $1.6b $1.5b
Net Issuance Payments Of Debt — — — — — — ($301.0m) ($353.0m) $501.0m ($503.0m)
Net Long Term Debt Issuance — — — — — — ($366.0m) ($353.0m) $501.0m ($503.0m)
Net Short Term Debt Issuance — — — — — — $65.0m $250.0m ($269.0m) —
Long Term Debt Payments — — — — — — ($366.0m) ($1.2b) ($1.1b) ($2.0b)
Repayment Of Debt — — — — — — ($366.0m) ($1.2b) ($1.1b) ($2.0b)
Proceeds from Issuance of Common Stock $1.3m $3.0m $3.0m $3.0m $4.0m $4.0m $7.0m $0 $6.0m $5.0m
Common Stock Issuance — — — — — — $7.0m $0 $6.0m $5.0m
Net Common Stock Issuance — — — — — — ($743.0m) ($369.0m) ($634.0m) ($195.0m)
Payments for Repurchase of Common Stock $687.2m $923.0m $1.0b $1.1b $516.0m $1.1b $750.0m $369.0m $640.0m $200.0m
Payments of Ordinary Dividends, Common Stock $8.0m $8.0m $6.0m $44.0m $76.0m $80.0m $36.0m $36.0m $171.0m $178.0m
Common Stock Payments — — — — — — ($750.0m) ($369.0m) ($640.0m) ($200.0m)
Proceeds from Noncontrolling Interests — $967.0m $773.0m $1.1b $697.0m — — — — —
Proceeds from (Payments to) Noncontrolling Interests $50.5m $449.0m ($166.0m) $715.0m $1.4b $1.6b $1.2b $772.0m $1.6b $2.1b
Cash Dividends Paid — — — — — — ($116.0m) ($163.0m) ($212.0m) ($219.0m)
Common Stock Dividend Paid — — — — — — ($80.0m) ($127.0m) ($171.0m) ($178.0m)
Preferred Stock Dividend Paid — — — — — — ($36.0m) ($36.0m) ($41.0m) ($41.0m)
Proceeds from (Payments for) Other Financing Activities — — — — — — ($70.0m) ($92.0m) ($95.0m) ($138.0m)
Net Other Financing Charges — — — — — — ($40.0m) ($3.2b) ($1.1b) $832.0m
Net Cash Provided by (Used in) Financing Activities $495.4m ($345.0m) ($1.8b) ($121.0m) $1.7b ($265.0m) $28.0m ($4.1b) ($1.4b) ($85.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — $450.0m ($520.0m) ($566.0m) $111.0m $396.0m ($166.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — $1.0b $1.1b $1.5b $1.3b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $7.0m $111.0m $396.0m ($166.0m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $159.0m $154.0m $157.0m $131.0m $113.0m $103.0m $115.0m
Income Taxes Paid, Net — — — — ($111.0m) $3.0m $14.0m $11.0m $9.0m $15.0m

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.