Aflac Incorporated
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $3.65B | $5.44B | $4.66B | $4.42B | $4.23B | $4.78B | $3.30B | $2.92B |
| Depreciation & Amortization | $36.0M | $40.0M | $39.0M | $45.0M | $45.0M | $41.0M | $41.0M | $49.0M |
| Depreciation | — | — | $35.0M | $40.0M | $39.0M | $36.0M | $40.0M | $48.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $2.56B | $2.71B | $3.19B | $3.88B | $5.05B | $5.96B | $5.46B | $6.01B |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $1.56B | $2.78B | $817.0M | $-1.54B | $-2.38B | $-4.62B | $-3.17B | $-3.58B |
| Financing Activities | ||||||||
| Dividends Paid | $1.20B | $1.09B | $966.0M | $979.0M | $855.0M | $769.0M | $771.0M | $793.0M |
| Stock Repurchases | $3.53B | $2.80B | $2.80B | $2.40B | $2.30B | $1.54B | $1.63B | $1.30B |
| Net Cash from Financing Activities | $-4.07B | $-3.49B | $-3.72B | $-3.55B | $-2.74B | $-1.12B | $-1.71B | $-1.62B |
| Net Change in Cash | $16.0M | $1.92B | $363.0M | $-1.11B | $-90.0M | $245.0M | $559.0M | $846.0M |
| Free Cash Flow | — | — | — | — | — | — | — | — |