Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.3B | $14.3B | $16.4B | $17.3B | $17.4B | $17.7B | $18.8B | $11.6B | $18.4B | $18.2B |
| Revenue growth | — | 7.0% | 15.2% | 5.1% | 1.0% | 1.6% | 6.2% | -38.1% | 58.4% | -1.2% |
| Net income | $1.19B | $2.08B | $1.64B | $886M | $499M | $3.78B | $1.36B | -$752M | $3.27B | $1.18B |
| Net margin | 8.9% | 14.6% | 10.0% | 5.1% | 2.9% | 21.3% | 7.2% | -6.5% | 17.8% | 6.5% |
| EPS (diluted) | $5.03 | $9.22 | $7.40 | $4.38 | $2.56 | $19.96 | $7.78 | -$4.92 | $18.41 | $5.83 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.27B | $788M | $1.94B | -$2.69B | $534M | -$217M | $3.61B | -$2.07B | -$2.01B | -$167M |
| Share buybacks | $879M | $725M | $900M | $550M | $275M | $1.10B | $550M | $0.00 | $0.00 | — |
| Dividends paid | $238M | $262M | $289M | $303M | $311M | $319M | $310M | $305M | $307M | $325M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.72B | $1.63B | $2.35B | $2.56B | $1.71B | $2.61B | $3.34B | $3.37B | $5.80B | $9.50B |
| Total assets | $262B | $282B | $298B | $335B | $366B | $387B | $334B | $372B | $391B | $417B |
| Total liabilities | $247B | $264B | $284B | $315B | $343B | $367B | $329B | $366B | $383B | $406B |
| Long-term debt | $5.12B | $5.12B | $5.69B | $6.13B | $6.33B | $6.33B | $6.33B | $5.83B | $6.08B | $6.26B |
| Shareholders' equity | $14.5B | $17.3B | $14.3B | $19.7B | $22.7B | $19.9B | $5.10B | $6.89B | $8.27B | $10.9B |
| Retained earnings | $7.04B | $8.40B | $8.55B | $8.85B | $8.69B | $9.10B | $5.92B | $4.78B | $7.64B | $8.39B |
| Shares (wtd avg diluted) | 237M | 226M | 220M | 202M | 194M | 190M | 173M | 171M | 173M | 186M |
Every figure is extracted from LINCOLN NATIONAL CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.