← MANULIFE FINANCIAL CORP

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:
Net Income — — — — — — ($2.1b)
$5.5b +360.14%
$5.6b +3.08%
$5.8b +2.68%
$7.1b +22.24%
Net Income From Continuing Operations $3.1b $2.3b $4.9b $5.5b $5.6b $6.9b ($2.0b) $5.6b $5.9b $6.1b $7.1b
Net loss on reinsurance transactions (pre-tax) (note 6) — — — — — — — $0 $71.0m ($9.0m) —
Profit or Loss $3.1b $2.3b $4.9b $5.5b $5.6b $6.9b $7.2b $5.6b $5.9b $6.1b —
Amortization Cash Flow — — — — — — ($1.5b) ($1.4b) ($1.5b) ($1.8b) —
Amortization Of Intangibles — — — — — — ($1.5b) ($1.4b) ($1.5b) ($1.8b) ($2.1b)
Amortization Of Securities — — — — — — ($131.0m) ($141.0m) ($290.0m) ($344.0m) ($354.0m)
Amortization of (premium) discount on invested assets $78.0m $230.0m $212.0m $117.0m $154.0m $181.0m ($32.0m) ($141.0m) ($290.0m) ($344.0m) —
Contractual service margin (“CSM”) amortization — — — — — — ($2.0b) ($2.0b) ($2.4b) ($2.7b) —
Depreciation And Amortization — — — — — — ($1.5b) ($1.4b) ($1.5b) ($1.8b) ($2.1b)
Other amortization $693.0m $560.0m $747.0m $626.0m $656.0m $529.0m $538.0m $581.0m $869.0m $877.0m —
Adjustments For Deferred Tax Of Prior Periods — — — — — — $226.0m ($19.0m) ($113.0m) $29.0m —
Deferred Income Tax $235.0m $331.0m $930.0m $454.0m $280.0m $127.0m ($2.0b) $470.0m $311.0m ($6.0m) $75.0m
Deferred Tax — — — — — — ($2.0b) $470.0m $311.0m ($6.0m) $75.0m
Adjustments For Share-Based Payments $19.0m $15.0m $10.0m $11.0m $14.0m $9.0m $5.0m $2.0m $0 — —
Net realized and unrealized (gains) losses and impairment of assets — — — — — — — ($2.8b) ($860.0m) ($6.1b) —
Change In Working Capital — — — — — — $11.1b $18.7b $22.9b $34.4b $34.5b
Changes in investment broker net receivables and payables ($186.0m) $227.0m ($128.0m) $1.2b ($1.0b) ($186.0m) ($67.0m) $21.0m $290.0m ($210.0m) —
Changes in policy related and operating receivables and payables ($1.0b) ($222.0m) ($316.0m) $1.7b $1.1b ($690.0m) ($2.2b) $6.6b $13.6b $16.9b —
Net payments in transit, included in other liabilities ($913.0m) ($867.0m) ($833.0m) ($752.0m) ($584.0m) ($664.0m) ($518.0m) ($454.0m) ($847.0m) ($886.0m) —
Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates — — — — — — $95.0m — — — —
Net Other Investing Changes — — — — — — $93.3b $70.3b $113.0b $108.4b $114.1b
Cash provided by (used in) investing activities ($22.7b) ($16.3b) ($19.0b) ($13.8b) ($14.1b) ($24.4b) ($18.6b) ($13.7b) ($18.5b) ($28.4b) —
Issuance Of Debt — — — — — — $1.4b $1.7b $3.3b $2.6b $2.9b
Issue of long-term debt (note 9) — — — — $2.5b — $946.0m — $0 $1.4b —
Long Term Debt Issuance — — — — — — $1.4b $1.7b $3.3b $2.6b $2.9b
Long Term Debt Payments — — — — — — ($1.1b) ($698.0m) ($2.0b) ($1.1b) ($1.5b)
Net Issuance Payments Of Debt — — — — — — $263.0m $1.0b $1.3b $1.4b $1.4b
Net Long Term Debt Issuance — — — — — — $263.0m $1.0b $1.3b $1.4b $1.4b
Proceeds From Borrowings Classified As Financing Activities — — — — $2.5b — $946.0m — — $1.4b —
Repayment Of Debt — — — — — — ($1.1b) ($698.0m) ($2.0b) ($1.1b) ($1.5b)
Secured borrowing from securitization transactions $847.0m $741.0m $250.0m $107.0m $1.4b $26.0m $437.0m $537.0m $667.0m $676.0m —
Common Stock Dividend Paid — — — — — — ($2.8b) ($3.0b) ($3.2b) ($3.3b) ($3.4b)
Common Stock Issuance — — — — — — $23.0m $94.0m $144.0m $73.0m $126.0m
Common Stock Payments — — — — — — ($1.9b) ($1.6b) ($3.3b) ($2.4b) ($2.2b)
Issuance Of Capital Stock — — — — — — $1.0b $94.0m $144.0m $73.0m $126.0m
Net Common Stock Issuance — — — — — — ($1.9b) ($1.5b) ($3.1b) ($2.4b) ($2.1b)
Repurchase Of Capital Stock — — — — — — ($2.6b) ($1.6b) ($3.3b) ($2.4b) ($2.2b)
Cash Dividends Paid — — — — — — ($2.8b) ($3.0b) ($3.2b) ($3.3b) ($3.4b)
Dividends Paid Classified As Financing Activities — — — — — — — $0 — — ($3.4b)
Dividends Paid Ordinary Shares Per Share $0.74 $0.82 $0.91 $1.00 $1.12 $1.17 $1.32 $1.46 $1.60 $1.76 ($3,420,000,000.00)
Shareholders’ dividends and other equity distributions ($2k) ($2k) ($2k) ($1k) ($2k) ($2k) ($3k) ($3k) ($3k) ($3k) —
Net Other Financing Charges — — — — — — $1.7b ($909.0m) $399.0m $2.6b $1.9b
Cash provided by (used in) financing activities $3.3b
$14.0m -99.58%
($724.0m) -5271.43%
($2.1b) -187.29%
$663.0m +131.88%
($2.0b) -408.75%
($3.0b) -46.80%
($5.0b) -67.79%
($4.2b) +17.22%
($2.0b) +50.91%
—
Net cash increase (decrease) from sale (purchase) of subsidiaries ($495.0m) ($10.0m) $187.0m $288.0m $0 ($19.0m) ($182.0m) ($1.0m) ($297.0m) ($1.3b) —
Beginning Cash Position — — — — — — $21.9b $18.6b $19.9b $24.9b $23.8b
Effect Of Exchange Rate Changes — — — — — — $585.0m ($412.0m) $1.2b ($816.0m) $744.0m
Effect of foreign exchange rate changes on cash and short-term securities ($347.0m) ($658.0m) $822.0m ($466.0m) ($528.0m) ($319.0m) $585.0m ($412.0m) $1.2b ($816.0m) —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
(Increase) decrease in reinsurance contract assets, excluding reinsurance transactions noted below (note 6) — — — — — — — $974.0m ($613.0m) ($1.2b) —
Additional Financial Items
Adjustments For Current Tax Of Prior Period ($228.0m) ($38.0m) $29.0m ($74.0m) ($83.0m) ($49.0m) ($263.0m) ($193.0m) $15.0m $45.0m —
Balance, beginning of year $14.2b $15.1b $15.4b $19.5b $25.6b $21.9b $18.6b $19.9b $24.9b $25.8b —
Cash Flow From Continuing Financing Activities — — — — — — ($2.1b) ($5.0b) ($4.2b) ($2.0b) ($889.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($18.4b) ($13.7b) ($18.5b) ($28.4b) ($27.1b)
Change In Cash Supplemental As Reported — — — — — — ($3.9b) $1.7b $3.9b $1.7b —
Change In Other Working Capital — — — — — — $5.0b $6.6b $13.6b $16.9b $15.6b
Changes In Cash — — — — — — ($3.9b) $1.7b $3.9b $1.7b $3.0b
Changes in deposits from Bank clients, net ($157.0m) $261.0m $1.5b $1.8b ($579.0m) ($164.0m) $1.7b ($895.0m) $413.0m $2.7b —
Changes in repurchase agreements ($23.0m) ($29.0m) ($189.0m) $266.0m $24.0m $186.0m ($551.0m) ($693.0m) $460.0m ($473.0m) —
Common shares issued, net (note 11) $66.0m $124.0m $59.0m $104.0m $36.0m $51.0m $23.0m $94.0m $144.0m $73.0m —
Common shares repurchased (note 11) — — ($478.0m) ($1.3b) ($253.0m) — ($1.9b) ($1.6b) ($3.3b) ($2.4b) —
Contributions from (distributions to) non-controlling interests, net $10.0m ($6.0m) ($60.0m) ($22.0m) ($10.0m) ($13.0m) ($51.0m) ($14.0m) ($14.0m) ($24.0m) —
Disposals and repayments $82.0b $70.7b $82.1b $65.3b $98.8b $96.7b $93.4b $70.3b $112.7b $108.6b —
End Cash Position — — — — — — $18.6b $19.9b $24.9b $25.8b $26.8b
Financing Cash Flow — — — — — — ($2.1b)
($5.0b) -139.18%
($4.2b) +17.22%
($2.0b) +50.91%
($889.0m) +56.61%
Free Cash Flow — — — — — — $16.6b $20.4b $26.5b $32.1b $31.0b
Gain Loss On Investment Securities — — — — — — $13.7b ($2.8b) ($860.0m) ($6.1b) ($8.2b)
Gain Loss On Sale Of Business — — — — — $0 ($95.0m) $0 — — $0
Goodwill $5.9b $5.7b $5.9b $5.7b $5.7b $5.7b $6.0b $5.9b $6.3b $6.9b —
Gross cash and short-term securities $15.2b $16.0b $16.2b $20.3b $26.2b $22.6b $19.2b $20.3b $25.8b $26.7b —
Income Tax Paid Supplemental Data $841.0m $1.4b $461.0m $104.0m $1.4b $571.0m $1.2b $436.0m $755.0m $756.0m $961.0m
Increase (decrease) during the year ($2.4b) $1.5b ($538.0m) $4.6b $6.6b ($3.3b) ($3.9b) $1.7b $3.9b $1.7b —
Increase (decrease) in insurance contract net liabilities (note 6) — — — — — — — $10.7b $9.4b $18.1b —
Increase (decrease) in investment contract liabilities $0 $173.0m $35.0m $170.0m $178.0m $44.0m $41.0m $435.0m $504.0m $551.0m —
Interest Paid Supplemental Data $983.0m $1.1b $1.2b $1.3b $1.2b $981.0m $955.0m $1.5b $1.6b $1.5b $1.5b
Interest received $10.6b $10.6b $11.0b $11.5b $11.7b $11.4b $12.1b $12.8b $13.5b $13.9b —
Investing Cash Flow — — — — — — ($18.4b) ($13.7b) ($18.5b) ($28.4b) ($27.1b)
Issue of capital instruments, net (note 10) $479.0m $2.2b $597.0m $0 $2.0b — $0 $1.2b $2.6b $497.0m —
Lease payments — — — ($117.0m) ($134.0m) ($124.0m) ($120.0m) ($98.0m) ($118.0m) ($108.0m) —
Net Business Purchase And Sale — — — — — — ($182.0m) ($1.0m) ($297.0m) ($1.3b) ($1.4b)
Net Preferred Stock Issuance — — — — — $2.6b $279.0m $0 — — —
Operating Gains Losses — — — — — — $13.6b ($2.8b) ($860.0m) ($6.1b) ($8.2b)
Other Non Cash Items — — — — — — ($2.4b) — $71.0m ($9.0m) —
Payments Of Lease Liabilities Classified As Financing Activities — — — $117.0m $134.0m $124.0m $120.0m $98.0m $118.0m $108.0m —
Payments To Acquire Or Redeem Entitys Shares — — $478.0m $1.3b $253.0m — $1.9b $1.6b $3.3b $2.4b —
Preferred Stock Issuance — — — — — $3.2b $990.0m $0 — — —
Preferred Stock Payments — — — — — ($612.0m) ($711.0m) $0 — — —
Purchase Of Business — — — — — — ($182.0m) ($1.0m) ($297.0m) ($1.3b) ($1.4b)
Purchases of invested assets and derivatives — — — — — — — — ($131.1b) ($135.5b) —
Redemption of capital instruments (note 10) ($949.0m) ($899.0m) ($450.0m) ($1.5b) ($1.2b) ($818.0m) ($1.0b) ($600.0m) ($1.9b) ($1.0b) —
Stock Based Compensation — — — — — $9.0m $5.0m $2.0m $0 — $0

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.