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Lincoln National Corp cash flow statement

In fiscal 2025, Lincoln National Corp's operations generated −$167m of cash. It returned $325m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations9371,7201,2761,2697992,5262,2431,2727881,943−2,686534−2173,609−2,074−2,007−167−1,328
Stock-based pay1316223140384146505262516151616478—
Dividends paid79426191128170204238262289303311319310305307325344
Share buybacks0255754924506509008797259005502751,10555000——
Shares issued65236800——————————00825—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Lincoln National Corp's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Lincoln National Corp.