← AFLAC INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $2.7b
$4.6b +73.15%
$2.9b -36.58%
$3.3b +13.15%
$4.8b +44.61%
$4.3b -9.48%
$4.2b -2.87%
$4.7b +10.90%
$5.4b +16.83%
$3.6b -33.01%
—
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) ($272.0m)
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 — — — — — — — — —
Other Nonoperating Income (Expense) ($28.0m) ($69.0m) ($74.0m) ($1.0m) ($28.0m) ($74.0m) $0 $39.0m — — —
Change In Working Capital — — — — — — $222.0m ($1.7b) ($644.0m) ($1.2b) ($378.0m)
Change In Receivables — — — — — — $5.0m ($133.0m) $51.0m ($66.0m) ($50.0m)
Net Cash Provided by (Used in) Operating Activities $6.0b
$6.1b +2.36%
$6.0b -1.86%
$5.5b -9.29%
$6.0b +9.22%
$5.1b -15.22%
$3.9b -23.20%
$3.2b -17.76%
$2.7b -15.14%
$2.6b -5.62%
$2.6b +2.47%
Cash flows from investing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $1.1b $768.0m — — — — — — — — —
Gain (Loss) on Investments ($123.0m) ($151.0m) ($430.0m) ($135.0m) ($270.0m) $468.0m $363.0m $590.0m $1.3b ($572.0m) $1.1b
Payments to Acquire Businesses, Net of Cash Acquired $0 $0 — — — — — — — — —
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 $2.2b
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 $1.4b
Cash flows from financing activities:
Issuance Of Debt — — — — — — $1.3b $204.0m $823.0m $1.0b $911.0m
Long Term Debt Issuance — — — — — — $1.3b $204.0m $823.0m $1.0b $911.0m
Long Term Debt Payments — — — — — — ($1.4b) $0 ($194.0m) ($84.0m) ($484.0m)
Net Issuance Payments Of Debt — — — — — — ($139.0m) $204.0m $629.0m $955.0m $427.0m
Net Long Term Debt Issuance — — — — — — ($139.0m) $204.0m $629.0m $955.0m $427.0m
Repayment Of Debt — — — — — — ($1.4b) $0 ($194.0m) ($84.0m) ($484.0m)
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 Dividend Paid — — — — — — ($979.0m) ($966.0m) ($1.1b) ($1.2b) ($1.2b)
Common Stock Issuance — — — — — — $17.0m $17.0m $14.0m $8.0m $13.0m
Common Stock Payments — — — — — — ($2.4b) ($2.8b) ($2.8b) ($3.5b) ($3.8b)
Issuance Of Capital Stock — — — — — — $17.0m $17.0m $14.0m $8.0m $13.0m
Net Common Stock Issuance — — — — — — ($2.4b) ($2.8b) ($2.8b) ($3.5b) ($3.8b)
Repurchase Of Capital Stock — — — — — — ($2.4b) ($2.8b) ($2.8b) ($3.5b) ($3.8b)
Dividends paid $658.0m $661.0m $793.0m $771.0m $769.0m $855.0m $979.0m $966.0m $1.1b $1.2b ($1.2b)
Cash Dividends Paid — — — — — — ($979.0m) ($966.0m) ($1.1b) ($1.2b) ($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) ($311.0m)
Net Cash Provided by (Used in) Financing Activities ($1.6b)
($2.1b) -27.55%
($1.6b) +21.74%
($1.7b) -6.00%
($1.1b) +34.91%
($2.7b) -145.65%
($3.6b) -29.65%
($3.7b) -4.84%
($3.5b) +6.37%
($4.1b) -16.72%
($4.8b) -19.19%
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 $6.2b
Beginning Cash Position — — — — — — $5.1b $3.9b $4.3b $6.2b $7.0b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $5.1b $5.1b $3.9b $4.3b $6.2b $6.2b $6.2b
Effect Of Exchange Rate Changes — — — — — — $104.0m $79.0m ($79.0m) ($31.0m) ($64.0m)
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
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 —
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) — — — — — — — — —
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) —
Goodwill — — — — $269.0m $268.0m $265.0m $265.0m $263.0m $260.0m —
Income Tax Expense (Benefit) $1.4b ($586.0m) $1.1b $1.1b ($619.0m) $997.0m $403.0m $603.0m $974.0m $887.0m —
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 —
Cash Flow From Continuing Financing Activities — — — — — — ($3.6b) ($3.7b) ($3.5b) ($4.1b) ($4.8b)
Cash Flow From Continuing Investing Activities — — — — — — ($1.5b) $817.0m $2.8b $1.6b $1.4b
Change In Cash Supplemental As Reported — — — — — — ($1.1b) $363.0m $1.9b $16.0m —
Change In Income Tax Payable — — — — — — ($509.0m) ($967.0m) ($393.0m) ($278.0m) ($139.0m)
Change In Payable — — — — — — ($509.0m) ($967.0m) ($393.0m) ($278.0m) ($139.0m)
Change In Tax Payable — — — — — — ($509.0m) ($967.0m) ($393.0m) ($278.0m) ($139.0m)
Changes In Cash — — — — — — ($1.2b) $284.0m $2.0b $47.0m ($781.0m)
End Cash Position — — — — — — $3.9b $4.3b $6.2b $6.2b $6.2b
Financing Cash Flow — — — — — — ($3.6b)
($3.7b) -4.84%
($3.5b) +6.37%
($4.1b) -16.72%
($4.8b) -19.19%
Free Cash Flow — — — — — — $3.9b $3.2b $2.7b $2.6b $2.6b
Gain Loss On Investment Securities — — — — — — $341.0m ($85.0m) $462.0m $350.0m $1.1b
Investing Cash Flow — — — — — — ($1.5b) $817.0m $2.8b $1.6b $1.4b
Net Foreign Currency Exchange Gain Loss — — — — — — ($1.9b) ($1.2b) ($2.3b) ($264.0m) ($2.5b)
Net Investment Purchase And Sale — — — — — — $728.0m $722.0m $881.0m ($985.0m) ($1.6b)
Operating Gains Losses — — — — — — ($1.5b) ($1.3b) ($1.8b) $86.0m ($1.5b)
Other Non Cash Items — — — — — — ($125.0m) $1.2b ($415.0m) ($82.0m) —
Purchase Of Investment — — — — — — ($4.3b) ($3.6b) ($7.1b) ($12.5b) ($12.9b)
Sale Of Investment — — — — — — $5.0b $4.3b $8.0b $11.5b $11.3b

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.