Cincinnati Financial Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.39B | $2.29B | $1.84B | $-487.0M | $2.97B | $1.22B | $2.00B | $287.0M |
| Depreciation & Amortization | — | — | — | — | $93.0M | $81.0M | $72.0M | $63.0M |
| Depreciation | $36.0M | $34.0M | $30.0M | $33.0M | $33.0M | $33.0M | $25.0M | $31.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | $33.0M | $31.0M | $30.0M | $28.0M |
| Net Cash from Operating Activities | $3.11B | $2.65B | $2.05B | $2.05B | $1.98B | $1.49B | $1.21B | $1.18B |
| Investing Activities | ||||||||
| Capital Expenditures | $20.0M | $22.0M | $18.0M | $15.0M | $15.0M | $20.0M | $24.0M | $20.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.69B | $-1.70B | $-1.61B | $-933.0M | $-1.06B | $-560.0M | $-679.0M | $-451.0M |
| Financing Activities | ||||||||
| Dividends Paid | $525.0M | $490.0M | $454.0M | $423.0M | $395.0M | $375.0M | $355.0M | $336.0M |
| Stock Repurchases | $205.0M | $126.0M | $67.0M | $410.0M | $144.0M | $261.0M | $67.0M | $125.0M |
| Net Cash from Financing Activities | $-973.0M | $-877.0M | $-801.0M | $-994.0M | $-685.0M | $-798.0M | $-546.0M | $-603.0M |
| Net Change in Cash | $448.0M | $76.0M | $-357.0M | $125.0M | $239.0M | $133.0M | $-17.0M | $127.0M |
| Free Cash Flow | $3.09B | $2.63B | $2.03B | $2.04B | $1.97B | $1.47B | $1.18B | $1.16B |