The Cigna Group

NYSE-CI

Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
Net Income	5,402	3,778	5,372	6,782	5,420	8,489	5,120	2,646	2,232	1,843
Net Income
Depreciation & Amortization	2,652	2,775	3,035	2,937	2,923	2,802	3,651	695	566	610
Depreciation and Amortization
Other Adjustments	510.5	2,618	-82	-1,647	-273	-4,539	-488	-20	326	-95
Investment Losses, Net
Deferred Income Tax Benefit
Gain on Sale of Businesses
Debt Extinguishment Costs
Changes in Trade Receivables	-6,454	-7,369	-1,663	-2,237	-2,843	-1,496	-713	705	-233	663
Change in Accounts Receivable, Net
Changes in Inventories	-778	-1,032	-868	-1,055	-557	-504	149	-107	-72	30
Inventories
Changes in Accounts Payable	1,932	8,757	2,030	1,760	1,961	2,891	-192	-842	35	-46
Pharmacy and Other Service Costs Payable
Changes in Other Operating Activities	2,007	836	3,989	2,116	560	2,607	1,958	693	1,232	1,021
Deferred Policy Acquisition Costs
Reinsurance Recoverable and Other Assets
Insurance Liabilities
Change in Accounts Payable and Accrued Expenses and Other Liabilities
Other, Net
Cash from Operating Activities	5,292	10,363	11,813	8,656	7,191	10,350	9,485	3,770	4,086	4,026
Net Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
Capital Expenditure	-1,348	-1,406	-1,573	-1,295	-1,154	-1,094	-1,050	-528	-471	-461
Property and Equipment Purchases, Net
Purchases of Investments	-3,675	-2,749	-5,657	-4,480	-6,434	-6,802	-6,342	-7,138	-7,123	-7,054
Debt Securities and Equity Securities
Commercial Mortgage Loans
Other
Proceeds from Sale of Investments	2,686	2,635	2,822	4,208	5,774	5,396	6,822	5,755	6,100	5,046
Debt Securities and Equity Securities
Debt Securities and Equity Securities
Commercial Mortgage Loans
Other Sales, Maturities and Repayments
Other Sales, Maturities and Repayments
Payments for Business Acquisitions	—	-131	-447	—	-1,833	-139	-153	-24,455	-209	-4
Acquisitions, Net of Cash Acquired
Proceeds from Business Divestments	4,300.5	521	13	4,835	-61	5,592	—	—	—	—
Divestitures, Net of Cash Sold
Other Investing Activities	-967	-972	-332	-170	97	23	-11	-12	—	-101
Renewable Energy Tax Credit Equity Investments
Other, Net
Cash from Investing Activities	-567	-2,102	-5,174	3,098	-3,611	2,976	-734	-26,378	-1,703	-2,574
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
Issuance of Short-Term Debt	361	-402	1,198	-2,059	975	60	-681	1,487	80	-148
Net Change in Short-Term Debt
Net Issuance / (Repayments) of Short-Term Debt	361	-402	1,198	-2,059	975	60	-681	1,487	80	-148
Issuance of Long-Term Debt	—	4,462	1,491	—	4,260	4,863	—	22,856	1,581	—
Net Proceeds on Issuance of Term Loan
Net Proceeds on Issuance of Long-Term Debt
Repayments of Long-Term Debt	—	-3,000	-2,967	-500	-4,714	-9,659	-4,494	-131	-1,563	—
Repayment of Term Loan
Payments for Debt Extinguishment
Repayment of Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	—	1,462	-1,476	-500	-454	-4,796	-4,494	22,725	18	—
Issuance of Common Shares	225	305	187	389	326	376	224	68	131	36
Issuance of Common Stock
Repurchases of Common Shares	-5,653	-7,034	-2,284	-7,607	-7,742	-4,042	-1,987	-342	-2,725	-139
Repurchase of Common Stock
Net Issuance / (Repurchases) of Common Shares	-5,428	-6,729	-2,097	-7,218	-7,416	-3,666	-1,763	-274	-2,594	-103
Common Share Dividends Paid	-1,587	-1,567	-1,450	-1,384	-1,241	-15	-15	—	—	—
Common Stock Dividend Paid
Other Financing Activities	-580	-411	-469	-79	24	-116	-234	-423	-155	26
Deposits and Interest Credited to Contractholder Deposit Funds
Withdrawals and Benefit Payments from Contractholder Deposit Funds
Other, Net
Cash from Financing Activities	-7,823	-7,647	-4,294	-11,240	-8,212	-8,533	-7,187	23,515	-2,651	-225
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
Free Cash Flow	—	8,957	10,240	7,361	6,037	9,256	8,435	3,242	3,615	3,565
NOPAT	—	6,752.2	8,317.7	6,824.8	6,338.8	6,368.3	6,294.4	3,073.8	2,440	1,910.4
Levered Free Cash Flow	—	14,424	11,499	8,608	9,624	10,424	4,445	26,760	3,625	2,873
Unlevered Free Cash Flow	—	16,682.2	14,930.7	11,287.8	10,071.8	13,070.3	10,810.4	2,984.8	3,730	3,064.4
Net Change in Cash	—	614	2,345	514	-4,632	4,793	1,564	907	-268	1,227