← 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 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $4.4b
$7.9b +80.01%
$4.1b -48.19%
$4.2b +2.75%
($374.0m) -108.93%
$7.7b +2165.24%
($1.4b) -118.62%
$2.5b +273.02%
$2.7b +9.61%
$3.6b +31.13%
—
Net Income (Loss) Available to Common Stockholders, Basic $4.4b
$7.8b +75.79%
$4.0b -48.17%
$4.1b +2.83%
($395.0m) -109.54%
$7.6b +2026.33%
($1.5b) -119.23%
$2.5b +268.08%
$2.7b +9.60%
$3.5b +31.17%
—
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 ($160.0m)
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 —
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 —
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 —
Asset Impairment Charge — — — — — — $903.0m $177.0m $0 $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 $0
Goodwill, Impairment Loss — — — — — $1.1b $903.0m $177.0m — $0 $0
Earnings (Loss)es From Equity Investments — — — — — — $120.0m ($72.0m) ($57.0m) ($25.0m) ($59.0m)
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 —
Change In Working Capital — — — — — — ($194.0m) ($958.0m) ($412.0m) ($4.6b) $599.0m
Payables established under coinsurance with funds withheld — — — — — $0 $0 $8.2b $277.0m $0 —
Reinsurance payables — — — — — — — $0 $175.0m $0 —
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 —
Net Cash Provided by (Used in) Operating Activities $14.8b
$13.4b -9.02%
$21.7b +61.13%
$19.6b -9.41%
$8.4b -57.36%
$9.8b +17.26%
$5.2b -47.43%
$6.5b +26.21%
$8.5b +30.60%
$6.3b -26.24%
$11.0b +74.92%
Cash flows from investing activities:
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 —
Restricted Cash and Investments, Current — $45.0m — — — — — — — — —
Short-term investments ($43.4b) ($28.3b) ($33.3b) ($37.3b) ($49.8b) ($32.3b) ($37.9b) ($32.9b) ($37.2b) ($31.0b) —
Net Other Investing Changes — — — — — — ($98.0m) ($676.0m) ($50.0m) ($207.0m) ($223.0m)
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) ($32.0b)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $2.8b $2.1b $2.9b $2.8b $4.7b
Long Term Debt Issuance — — — — — — $2.8b $2.1b $2.9b $2.8b $4.7b
Long Term Debt Payments — — — — — — ($1.2b) ($2.3b) ($1.4b) ($2.0b) ($2.1b)
Net Issuance Payments Of Debt — — — — — — $1.4b ($232.0m) $845.0m $1.2b $2.9b
Net Long Term Debt Issuance — — — — — — $1.7b ($242.0m) $1.4b $774.0m $2.5b
Net Short Term Debt Issuance — — — — — — ($214.0m) $10.0m ($583.0m) $449.0m $313.0m
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 —
Repayment Of Debt — — — — — — ($1.2b) ($2.3b) ($1.4b) ($2.0b) ($2.1b)
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) ($2.1b)
Cash dividends paid on Common Stock ($1k) ($1k) ($2k) ($2k) ($2k) ($2k) ($2k) ($2k) ($2k) ($2k) ($1.9b)
Common Stock Dividend Paid — — — — — — ($1.8b) ($1.8b) ($1.9b) ($1.9b) ($1.9b)
Common Stock Payments — — — — — — ($1.5b) ($1.0b) ($1.0b) ($1.0b) ($1.0b)
Common Stock acquired ($2.0b) ($1.2b) ($1.5b) ($2.5b) ($500.0m) ($2.5b) ($1.5b) ($1.0b) ($1.0b) ($1.0b) —
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) ($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 ($1.9b)
Repurchase Of Capital Stock — — — — — — ($1.5b) ($1.0b) ($1.0b) ($1.0b) ($1.0b)
Cash Dividends Paid — — — — — — ($1.8b) ($1.8b) ($1.9b) ($1.9b) ($1.9b)
Net Other Financing Charges — — — — — — $8.2b $10.9b $17.4b $20.5b $17.8b
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) -138.85%
$781.0m +162.08%
($1.6b) -309.22%
$4.9b +398.84%
($3.0b) -161.66%
$4.9b +263.83%
$7.7b +56.88%
$19.4b +150.60%
$20.8b +7.11%
$19.8b -4.87%
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
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 $15.4b
Beginning Cash Position — — — — — — $12.9b $17.3b $19.5b $18.5b $16.7b
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 $15.4b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — ($159.0m) $37.0m ($254.0m) $77.0m ($169.0m)
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 —
Effect Of Exchange Rate Changes — — — — — — ($159.0m) $37.0m ($254.0m) $77.0m ($169.0m)
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 —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
(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) —
Additional Financial Items
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 —
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 —
Cash Flow From Continuing Financing Activities — — — — — — $4.9b $7.7b $19.4b $20.8b $19.8b
Cash Flow From Continuing Investing Activities — — — — — — ($7.6b) ($12.1b) ($28.6b) ($25.9b) ($32.0b)
Cash and cash equivalents $14.1b $14.5b $15.4b $16.3b $13.7b $12.9b $17.3b $19.4b $18.5b $19.7b $16.7b
Change In Cash Supplemental As Reported — — — — — — $4.4b $2.2b ($943.0m) $1.2b —
Change In Other Working Capital — — — — — — ($5.6b) ($5.6b) ($4.1b) ($6.9b) ($1.5b)
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 ($1.3b)
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) —
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 $15.4b
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 +56.88%
$19.4b +150.60%
$20.8b +7.11%
$19.8b -4.87%
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 $11.0b
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 $1.4b
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 $0
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 — — — — — — — — — —
Income Tax Expense (Benefit) $1.3b ($1.4b) $822.0m $947.0m ($81.0m) $1.7b ($370.0m) $613.0m $507.0m $1.1b —
Income Taxes $618.0m ($1.6b) $49.0m ($339.0m) ($424.0m) ($62.0m) ($1.7b) ($442.0m) ($146.0m) ($493.0m) —
Income Taxes Paid, Net $770.0m $185.0m $760.0m $1.3b $287.0m $1.7b $1.1b $895.0m $756.0m $1.4b —
Insurance Services Revenue — — $2.2b $2.6b $2.7b $2.3b $2.5b $2.2b $2.1b $2.0b —
Interest Paid Supplemental Data $1.3b $1.2b $1.4b $1.5b $1.5b $1.5b $1.5b $1.6b $2.0b $1.9b $1.9b
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) ($32.0b)
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 — $0
Net Investment Purchase And Sale — — — — — — ($8.5b) ($9.3b) ($25.2b) ($24.1b) ($28.7b)
Net assets transferred, excluding Cash and cash equivalent — — — — — $0 $0 $1.4b $6.7b $6.1b —
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 $1.3b
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 —
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 $108.0m
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 —
Purchase Of Investment — — — — — — ($118.6b) ($95.6b) ($130.2b) ($118.6b) ($141.0b)
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 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) —
Sale Of Business — — — — — $132.0m $422.0m $0 $0 — $0
Sale Of Investment — — — — — — $110.1b $86.3b $105.0b $94.5b $112.3b
Supplemental disclosure of cash flow information:
Unwind of Deferred policy acquisition costs ceded — — — — — $0 $0 $23.0m $983.0m $219.0m —

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.