# ELEVANCE HEALTH, INC. (ELV) FY2025 Q3 Statement of Cash Flows

- Company: ELEVANCE HEALTH, INC. (ELV)
- Period: 2025-07-01 to 2025-09-30
- Filing: Q3 FY2025 10-Q, filed 2025-10-21, accession number 0001156039-25-000136
- Page: https://plicit.ai/financials/elv/fy2025-q3-cash-flow
- Chart image: https://plicit.ai/charts/elv-fy2025-q3-cash-flow-sankey.png

## Chart details

Cash flows for Jul 1, 2025 through Sep 30, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2025. Ending cash: Sep 30, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Jun 30, 2025**: 8,560,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 1,135,000,000 US dollars. Net cash provided.
- **Net income**: 1,187,000,000 US dollars
- **Accounts payable and other liabilities**: negative 151,000,000 US dollars
- **Equity in net (earnings) losses of other invested assets**: negative 113,000,000 US dollars
- **Share-based compensation**: 84,000,000 US dollars
- **Income taxes**: negative 616,000,000 US dollars
- **Policy liabilities**: negative 1,260,000,000 US dollars
- **Deferred income taxes**: 269,000,000 US dollars
- **Other assets**: 201,000,000 US dollars
- **Net losses on financial instruments**: 1,000,000 US dollars
- **Depreciation and amortization**: 387,000,000 US dollars
- **Receivables, net**: 815,000,000 US dollars
- **Unearned income**: 270,000,000 US dollars
- **Other invested assets**: negative 35,000,000 US dollars
- **Gain on sale of business**: 0 US dollars
- **Impairment of property and equipment**: 70,000,000 US dollars
- **Other, net**: 26,000,000 US dollars
- **Investing activities**: negative 1,224,000,000 US dollars. Net cash used.
- **Purchases of investments**: negative 4,163,000,000 US dollars
- **Proceeds from sale of investments**: 2,975,000,000 US dollars
- **Maturities, calls and redemptions from investments**: 447,000,000 US dollars
- **Changes in securities lending collateral**: negative 110,000,000 US dollars
- **Purchases of subsidiaries, net of cash acquired**: 1,000,000 US dollars
- **Proceeds from sale of subsidiaries, net of cash sold**: 0 US dollars
- **Purchases of property and equipment**: negative 360,000,000 US dollars
- **Other, net**: negative 14,000,000 US dollars
- **Financing activities**: 243,000,000 US dollars. Net cash provided.
- **Proceeds from long-term borrowings**: 2,994,000,000 US dollars
- **Repayments of long-term borrowings**: negative 900,000,000 US dollars
- **Proceeds from short-term borrowings**: 990,000,000 US dollars
- **Repayments of short-term borrowings, net of issuances**: negative 1,170,000,000 US dollars
- **Changes in securities lending payable**: 110,000,000 US dollars
- **Changes in bank overdrafts**: negative 554,000,000 US dollars
- **Repurchase and retirement of common stock**: negative 876,000,000 US dollars
- **Cash dividends**: negative 381,000,000 US dollars
- **Proceeds from issuance of common stock under employee stock plans**: 0 US dollars
- **Taxes paid through withholding of common stock under employee stock plans**: 9,000,000 US dollars
- **Other, net**: 21,000,000 US dollars
- **Operating adjustment reconciliation**: 2,175,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 4,124,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 4,647,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: negative 1,000,000 US dollars
- **Ending cash on Sep 30, 2025**: 8,713,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 9,938,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 153,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 0.96×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- **Operating cash flow**: 1,135,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 360,000,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 775,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income exceeds operating cash. The diagram allocates $1.14B of net income directly to operating cash and $52.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,135,000,000 US dollars minus 360,000,000 US dollars equals 775,000,000 US dollars.