# HUMANA INC. (HUM) FY2025 Annual Statement of Cash Flows

- Company: HUMANA INC. (HUM)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-19, accession number 0000049071-26-000009
- Page: https://plicit.ai/financials/hum/fy2025-annual-cash-flow
- Chart image: https://plicit.ai/charts/hum-fy2025-annual-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2025 through Dec 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Dec 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2024**: 2,221,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 921,000,000 US dollars. Net cash provided.
- **Other, net**: 0 US dollars
- **Equity in net losses**: 102,000,000 US dollars
- **Deferred income taxes**: 75,000,000 US dollars
- **Loss (gain) on investment securities, net**: 50,000,000 US dollars
- **Benefits payable**: negative 472,000,000 US dollars
- **Receivables**: negative 570,000,000 US dollars
- **Stock-based compensation**: 241,000,000 US dollars
- **Impairment of property and equipment**: 28,000,000 US dollars
- **Other liabilities**: 1,322,000,000 US dollars
- **Depreciation**: 773,000,000 US dollars
- **Impairment of indefinite-lived intangible assets**: 128,000,000 US dollars
- **Amortization**: 51,000,000 US dollars
- **Loss on sale of business**: 67,000,000 US dollars
- **Net income**: 1,203,000,000 US dollars
- **Unearned revenues**: 96,000,000 US dollars
- **Other assets**: negative 2,173,000,000 US dollars
- **Investing activities**: 2,273,000,000 US dollars. Net cash provided.
- **Proceeds from maturities of investment securities**: 2,912,000,000 US dollars
- **Proceeds from sales of investment securities**: 6,510,000,000 US dollars
- **Purchases of property and equipment**: negative 546,000,000 US dollars
- **Proceeds from sale of property and equipment**: 23,000,000 US dollars
- **Purchases of investment securities**: negative 6,440,000,000 US dollars
- **Other**: 0 US dollars
- **Acquisitions, net of cash and cash equivalents acquired**: negative 81,000,000 US dollars
- **Proceeds from sale of business, net**: 115,000,000 US dollars
- **Changes in securities lending collateral receivable**: negative 220,000,000 US dollars
- **Financing activities**: negative 1,215,000,000 US dollars. Net cash used.
- **Other, net**: negative 81,000,000 US dollars
- **(Repayments) proceeds from issuance of commercial paper, net**: negative 5,000,000 US dollars
- **Common stock repurchases**: negative 151,000,000 US dollars
- **Repayment of short-term borrowings**: 0 US dollars
- **Repayment of senior notes**: negative 948,000,000 US dollars
- **Proceeds from issuance of senior notes, net**: 1,481,000,000 US dollars
- **Debt issue costs**: negative 5,000,000 US dollars
- **Proceeds from short-term borrowings**: 0 US dollars
- **Changes in rebate factor payable**: negative 123,000,000 US dollars
- **Dividends paid**: negative 430,000,000 US dollars
- **Change in book overdraft**: negative 97,000,000 US dollars
- **(Payments) receipts from contract deposits, net**: negative 1,076,000,000 US dollars
- **Changes in securities lending payable**: 220,000,000 US dollars
- **Repayment of term loan**: 0 US dollars
- **Operating adjustment reconciliation**: 3,215,000,000 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**: 2,916,000,000 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**: 9,560,000,000 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**: 0 US dollars
- **Ending cash on Dec 31, 2025**: 4,200,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 5,415,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 1,979,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 0.77×. 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**: 921,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 546,000,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 375,000,000 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 $921.00M of net income directly to operating cash and $282.00M 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: 921,000,000 US dollars minus 546,000,000 US dollars equals 375,000,000 US dollars.