Prudential Financial, Inc. (PRU) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-12-31

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Prudential Financial, Inc. cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $2,846,000,000.00Future policy benefits and other insurance liabilities → Operating adjustments reconciliation: $4,803,000,000.00Interest credited to policyholders' account balances → Operating adjustments reconciliation: $4,582,000,000.00Realized investment gains(losses), net → Operating adjustments reconciliation: $3,429,000,000.00Derivatives, net → Operating adjustments reconciliation: $897,000,000.00Change in value of market risk benefits, net of related hedging (gains) losses → Operating adjustments reconciliation: $397,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $383,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $5,656,000,000.00Operating adjustments reconciliation → Reinsurance related-balances: $2,731,000,000.00Operating adjustments reconciliation → Policy charges and fee income: $2,128,000,000.00Operating adjustments reconciliation → Other, net: $2,124,000,000.00Operating adjustments reconciliation → Deferred policy acquisition costs: $1,111,000,000.00Operating adjustments reconciliation → (Gains) losses on assets supporting experience-rated contractholder liabilities, net: $595,000,000.00Operating adjustments reconciliation → Income Taxes: $146,000,000.00Policyholders’ account deposits → financing reconciliation: $35,913,000,000.00Net change in securities sold under agreements to repurchase and cash collateral for loaned securities → financing reconciliation: $3,884,000,000.00Proceeds from notes issued by consolidated VIEs → financing reconciliation: $1,436,000,000.00Proceeds from the issuance of debt (maturities longer than 90 days) → financing reconciliation: $1,423,000,000.00Other, net → financing reconciliation: $830,000,000.00Common Stock reissued for exercise of stock options → financing reconciliation: $201,000,000.00financing reconciliation → Net cash from financing activities: $19,394,000,000.00financing reconciliation → Policyholders’ account withdrawals: $19,388,000,000.00financing reconciliation → Cash dividends paid on Common Stock: $1,891,000,000.00financing reconciliation → Common Stock acquired: $1,000,000,000.00financing reconciliation → Repayments of debt (maturities longer than 90 days): $814,000,000.00financing reconciliation → Repayments of notes issued by consolidated VIEs: $617,000,000.00financing reconciliation → Net change in financing arrangements (maturities 90 days or less): $583,000,000.00Fixed maturities, available-for-sale → investing reconciliation: $59,059,000,000.00Short-term investments → investing reconciliation: $33,316,000,000.00Equity securities → investing reconciliation: $5,790,000,000.00Commercial mortgage and other loans → investing reconciliation: $5,466,000,000.00Fixed maturities, trading → investing reconciliation: $3,398,000,000.00Policy loans → investing reconciliation: $1,972,000,000.00Other invested assets → investing reconciliation: $1,936,000,000.00Assets supporting experience-rated contractholder liabilities → investing reconciliation: $1,474,000,000.00investing reconciliation → Fixed maturities, available-for-sale: $72,997,000,000.00investing reconciliation → Short-term investments: $37,244,000,000.00investing reconciliation → Commercial mortgage and other loans: $9,134,000,000.00investing reconciliation → Fixed maturities, trading: $7,041,000,000.00investing reconciliation → Equity securities: $6,576,000,000.00investing reconciliation → Other invested assets: $3,884,000,000.00investing reconciliation → Assets supporting experience-rated contractholder liabilities: $1,773,000,000.00investing reconciliation → Policy loans: $1,601,000,000.00investing reconciliation → Derivatives, net: $696,000,000.00investing reconciliation → Other, net: $50,000,000.00Net cash used in investing activities → investing reconciliation: $28,585,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $19,463,000,000.00Net cash from operating activities → Cash sources and uses: $8,502,000,000.00Net cash from financing activities → Cash sources and uses: $19,394,000,000.00Cash sources and uses → Exchange-rate effect: $254,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $18,520,000,000.00Cash sources and uses → Net cash used in investing activities: $28,585,000,000.00Net income (loss): $2,846,000,000.00Net income (loss)+$2.85 BRealized investment gains(losses), net: $3,429,000,000.00Realized investment gain & loss+$3.43 BChange in value of market risk benefits, net of related hedging (gains) losses: $397,000,000.00Market risk benefits, net+$397.00 MPolicy charges and fee income: -$2,128,000,000.00Policy charges and fee income−$2.13 BInterest credited to policyholders' account balances: $4,582,000,000.00Interest credited to holders+$4.58 BGoodwill impairment: $0.00Depreciation and amortization: $383,000,000.00Depreciation & amortization+$383.00 M(Gains) losses on assets supporting experience-rated contractholder liabilities, net: -$595,000,000.00(Gains) losses on assets supportingexperience-rated contractholder liabilities, net−$595.00 MDeferred policy acquisition costs: -$1,111,000,000.00Deferred acquisition costs−$1.11 BFuture policy benefits and other insurance liabilities: $4,803,000,000.00Insurance liabilities+$4.80 BReinsurance related-balances: -$2,731,000,000.00Reinsurance related-balances−$2.73 BIncome Taxes: -$146,000,000.00Income tax balances−$146.00 MDerivatives, net: $897,000,000.00Derivative balances, net+$897.00 MOther, net: -$2,124,000,000.00Other working capital, net−$2.12 BNet cash from operating activities: $8,502,000,000.00Operating cash+$8.50 BOperating adjustments reconciliation: $14,491,000,000.00Cash dividends paid on Common Stock: -$1,891,000,000.00Common dividends paid−$1.89 BRepayments of debt (maturities longer than 90 days): -$814,000,000.00Other debt repaid−$814.00 MProceeds from notes issued by consolidated VIEs: $1,436,000,000.00Proceeds from notes issued by consolidated VIEs+$1.44 BNet change in financing arrangements (maturities 90 days or less): -$583,000,000.00Short-term debt ≤3 months, net−$583.00 MOther, net: $830,000,000.00Other financing, net+$830.00 MRepayments of notes issued by consolidated VIEs: -$617,000,000.00Repayments of notes issued by consolidated VIEs−$617.00 MPolicyholders’ account deposits: $35,913,000,000.00Policyholder deposits+$35.91 BProceeds from the issuance of debt (maturities longer than 90 days): $1,423,000,000.00Other debt issued+$1.42 BNet change in securities sold under agreements to repurchase and cash collateral for loaned securities: $3,884,000,000.00Net change in securities sold under agreements torepurchase and cash collateral for loaned securities+$3.88 BPolicyholders’ account withdrawals: -$19,388,000,000.00Policyholder withdrawals−$19.39 BCommon Stock reissued for exercise of stock options: $201,000,000.00Stock option exercises+$201.00 MCommon Stock acquired: -$1,000,000,000.00Common stock repurchases−$1.00 BNet cash from financing activities: $19,394,000,000.00Financing cash+$19.39 Bfinancing reconciliation: $43,687,000,000.00Other invested assets: -$3,884,000,000.00Other investment purchases−$3.88 BFixed maturities, held-to-maturity: $0.00Derivatives, net: -$696,000,000.00Derivatives, net−$696.00 MCommercial mortgage and other loans: $5,466,000,000.00Mortgage note collections+$5.47 BOther, net: -$50,000,000.00Other investing, net−$50.00 MEquity securities: $5,790,000,000.00Marketable securities proceeds+$5.79 BShort-term investments: -$37,244,000,000.00Short-term investment purchases−$37.24 BAssets supporting experience-rated contractholder liabilities: -$1,773,000,000.00Assets supporting experience-rated contractholderliabilities−$1.77 BShort-term investments: $33,316,000,000.00Short-term investment proceeds+$33.32 BEquity securities: -$6,576,000,000.00Marketable securities purchases−$6.58 BFixed maturities, trading: $3,398,000,000.00Fixed maturities, trading+$3.40 BFixed maturities, available-for-sale: -$72,997,000,000.00AFS securities purchases−$73.00 BPolicy loans: -$1,601,000,000.00Policy loans−$1.60 BAssets supporting experience-rated contractholder liabilities: $1,474,000,000.00Assets supporting experience-rated contractholderliabilities+$1.47 BFixed maturities, available-for-sale: $59,059,000,000.00AFS securities maturities+$59.06 BPolicy loans: $1,972,000,000.00Policy loans+$1.97 BFixed maturities, trading: -$7,041,000,000.00Trading securities purchases−$7.04 BOther invested assets: $1,936,000,000.00Other investment proceeds+$1.94 BDispositions, net of cash disposed: $0.00Commercial mortgage and other loans: -$9,134,000,000.00Mortgage note purchases−$9.13 BNet cash used in investing activities: -$28,585,000,000.00. Cash required to fund net payments.Investing cash−$28.59 Binvesting reconciliation: $140,996,000,000.00Cash sources and uses: $47,359,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $19,463,000,000.00Beginning cash$19.46 BEnding cash: Cash, cash equivalents, and restricted cash: $18,520,000,000.00Ending cash$18.52 BExchange-rate effect: -$254,000,000.00FX effect−$254.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flowNot availableCash flow / Net income2.99×Operating cash flow ÷ net incomeNet cash change−$943.00 MEnding cash − beginning cash
Chart details

Prudential Financial, Inc. cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
19,463,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
8,502,000,000 US dollars. Net cash provided.
Net income (loss)
2,846,000,000 US dollars
Realized investment gains(losses), net
3,429,000,000 US dollars
Change in value of market risk benefits, net of related hedging (gains) losses
397,000,000 US dollars
Policy charges and fee income
negative 2,128,000,000 US dollars
Interest credited to policyholders' account balances
4,582,000,000 US dollars
Goodwill impairment
0 US dollars
Depreciation and amortization
383,000,000 US dollars
(Gains) losses on assets supporting experience-rated contractholder liabilities, net
negative 595,000,000 US dollars
Deferred policy acquisition costs
negative 1,111,000,000 US dollars
Future policy benefits and other insurance liabilities
4,803,000,000 US dollars
Reinsurance related-balances
negative 2,731,000,000 US dollars
Income Taxes
negative 146,000,000 US dollars
Derivatives, net
897,000,000 US dollars
Other, net
negative 2,124,000,000 US dollars
Investing activities
negative 28,585,000,000 US dollars. Net cash used.
Other invested assets
negative 3,884,000,000 US dollars
Fixed maturities, held-to-maturity
0 US dollars
Derivatives, net
negative 696,000,000 US dollars
Commercial mortgage and other loans
5,466,000,000 US dollars
Other, net
negative 50,000,000 US dollars
Equity securities
5,790,000,000 US dollars
Short-term investments
negative 37,244,000,000 US dollars
Assets supporting experience-rated contractholder liabilities
negative 1,773,000,000 US dollars
Short-term investments
33,316,000,000 US dollars
Equity securities
negative 6,576,000,000 US dollars
Fixed maturities, trading
3,398,000,000 US dollars
Fixed maturities, available-for-sale
negative 72,997,000,000 US dollars
Policy loans
negative 1,601,000,000 US dollars
Assets supporting experience-rated contractholder liabilities
1,474,000,000 US dollars
Fixed maturities, available-for-sale
59,059,000,000 US dollars
Policy loans
1,972,000,000 US dollars
Fixed maturities, trading
negative 7,041,000,000 US dollars
Other invested assets
1,936,000,000 US dollars
Dispositions, net of cash disposed
0 US dollars
Commercial mortgage and other loans
negative 9,134,000,000 US dollars
Financing activities
19,394,000,000 US dollars. Net cash provided.
Cash dividends paid on Common Stock
negative 1,891,000,000 US dollars
Repayments of debt (maturities longer than 90 days)
negative 814,000,000 US dollars
Proceeds from notes issued by consolidated VIEs
1,436,000,000 US dollars
Net change in financing arrangements (maturities 90 days or less)
negative 583,000,000 US dollars
Other, net
830,000,000 US dollars
Repayments of notes issued by consolidated VIEs
negative 617,000,000 US dollars
Policyholders’ account deposits
35,913,000,000 US dollars
Proceeds from the issuance of debt (maturities longer than 90 days)
1,423,000,000 US dollars
Net change in securities sold under agreements to repurchase and cash collateral for loaned securities
3,884,000,000 US dollars
Policyholders’ account withdrawals
negative 19,388,000,000 US dollars
Common Stock reissued for exercise of stock options
201,000,000 US dollars
Common Stock acquired
negative 1,000,000,000 US dollars
Operating adjustment reconciliation
14,491,000,000 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
43,687,000,000 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
140,996,000,000 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 254,000,000 US dollars
Ending cash on Dec 31, 2024
18,520,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
47,359,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 943,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.99×. 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.

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 enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $5.66B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced 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.
Prudential Financial, Inc. (PRU) FY2024 Annual Statement of Cash Flows Sankey chart
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