Manulife Financial Corp
TSX:MFC

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Manulife Financial Corp
TSX:MFC
Watchlist
Price: 49.44 CAD 0.43% Market Closed
Market Cap: 83.3B CAD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+66%
5Y
+57%
10Y
+224%
Investing Cash Flow
+
3Y
-23%
5Y
-132%
10Y
-248%
Financing Cash Flow
+
3Y
-764%
5Y
-840%
10Y
-9%

Cash Flow Statement
Manulife Financial Corp

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Cash Flow Statement
Currency: CAD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
0
0
0
0
0
0
725
1 120
0
1 543
1 472
1 790
2 551
2 928
3 118
3 152
3 291
3 437
3 541
3 762
3 970
4 011
4 162
4 263
4 229
4 103
4 002
3 440
497
(1 435)
(649)
(1 294)
1 420
3 724
(467)
(2 506)
(1 526)
(1 770)
1 132
2 125
245
504
(290)
575
1 735
1 042
1 649
2 914
3 166
3 415
4 084
4 243
3 593
3 517
3 218
2 785
2 290
2 617
2 655
3 180
3 133
3 469
4 067
4 126
2 262
2 248
2 223
2 872
4 887
5 745
5 972
4 682
5 502
4 374
3 697
4 871
5 576
5 334
7 177
6 702
6 912
4 824
39
(851)
7 182
654
3 928
4 729
5 607
5 169
5 130
5 972
5 878
5 529
6 320
6 172
Depreciation & Amortization
0
0
0
0
0
0
31
48
0
0
0
0
0
0
0
0
0
59
121
174
0
255
261
273
281
266
264
271
253
76
163
227
304
302
290
308
316
321
325
329
345
361
374
384
390
399
408
419
426
435
443
449
462
481
544
566
580
585
543
690
693
687
691
549
560
568
604
641
747
763
750
725
626
645
649
661
656
614
589
556
529
527
513
513
519
527
546
556
581
589
604
602
869
918
980
1 073
Change in Deffered Taxes
0
0
0
0
0
0
113
176
0
256
299
446
633
762
796
663
718
743
819
1 009
996
1 016
926
948
928
823
687
393
(237)
(1 451)
(1 528)
(1 985)
(1 275)
(136)
(1 072)
(1 061)
(474)
(284)
724
493
(210)
(488)
(743)
(477)
(1 526)
(1 666)
(1 614)
(1 038)
475
920
1 056
886
98
(185)
(376)
(282)
(343)
59
395
131
(235)
(56)
(193)
(233)
(331)
(919)
(827)
26
930
1 061
1 064
272
(454)
(135)
(184)
(67)
280
(677)
(176)
86
(127)
(332)
(1 839)
(1 820)
(1 994)
(1 166)
(174)
(633)
470
355
411
840
311
235
153
10
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26
0
0
0
20
10
14
19
24
20
22
24
79
26
25
24
25
24
24
24
23
24
23
0
17
11
10
0
15
10
9
0
14
11
0
0
16
10
13
16
19
14
13
13
15
8
9
9
10
12
12
11
11
11
12
13
14
15
13
11
9
7
6
5
5
4
0
0
2
0
0
0
0
0
0
0
Other Non-Cash Items
0
0
0
0
0
0
(197)
(294)
0
(451)
(313)
(120)
(54)
131
200
(28)
(182)
(470)
(520)
(1 211)
(1 251)
(1 708)
(597)
(767)
(1 185)
(662)
(408)
4 092
4 519
6 040
2 921
(5 208)
(2 072)
(5 991)
(7 696)
(5 552)
11 702
795
1 660
(10 460)
11 952
(12 656)
(17 845)
(4 412)
11 230
(3 695)
13 666
17 294
7 351
9 049
(4 986)
(8 781)
6 951
(16 847)
(2 490)
(4 343)
11 248
(1 082)
(19 731)
(17 989)
15 307
5 991
11 307
13 637
13 253
(876)
4 814
7 091
12 047
(5 055)
(15 268)
(25 460)
13 760
(15 132)
(20 714)
(15 268)
14 807
271
3 907
6 393
5 014
(9 857)
6 786
6 848
10 376
4 615
(2 615)
(1 448)
(4 982)
(2 937)
(2 100)
(8 193)
(3 455)
(3 044)
(6 493)
(7 308)
Cash Taxes Paid
188
0
0
0
103
0
0
0
91
0
0
0
386
0
0
0
327
0
0
0
208
0
0
0
424
0
0
0
235
0
0
0
63
0
177
138
103
189
91
192
255
339
405
434
466
387
495
586
1 110
1 442
1 537
1 246
754
650
517
622
787
602
817
989
841
850
676
784
1 360
1 485
1 852
1 571
461
495
(672)
(650)
104
18
706
1 409
1 358
1 194
1 286
688
571
1 054
1 326
1 464
1 238
834
462
249
436
822
945
847
755
530
566
768
Cash Interest Paid
91
0
0
0
98
0
0
0
93
0
0
0
168
0
0
0
170
0
0
0
208
0
0
0
212
0
0
0
190
0
0
0
200
361
581
771
864
960
1 005
1 051
1 053
1 099
1 057
1 093
950
920
1 018
996
1 046
1 025
974
990
1 079
1 108
1 099
1 101
1 086
970
992
926
983
1 041
1 074
1 096
1 118
1 142
1 155
1 201
1 212
1 224
1 254
1 282
1 299
1 334
1 313
1 225
1 188
1 083
1 076
1 068
981
932
855
877
955
1 144
1 354
1 495
1 548
1 605
1 573
1 573
1 574
1 564
1 571
1 536
Change in Working Capital
(2 909)
(2 976)
105
126
2 141
3 121
2 460
2 185
2 655
1 212
1 906
2 932
2 345
3 119
3 288
3 164
3 571
3 735
3 604
3 590
2 962
2 788
1 283
2 260
2 907
2 195
2 173
(862)
2 890
6 367
10 266
20 060
13 645
14 016
21 064
20 145
1 541
12 215
6 770
16 769
(1 464)
23 292
29 974
16 358
(1 034)
14 983
(3 006)
(8 711)
(1 915)
(5 292)
7 394
12 449
(298)
24 335
11 228
10 731
(3 441)
8 817
27 958
30 245
(1 862)
7 402
2 245
(578)
2 047
17 433
11 730
8 958
577
16 737
27 184
39 401
1 108
31 648
36 657
29 307
(1 271)
13 628
9 254
8 883
10 827
26 621
15 302
13 791
9 706
12 434
16 457
15 935
18 747
18 868
19 478
26 313
22 891
24 968
27 648
30 680
Cash from Operating Activities
(2 909)
N/A
(2 976)
-2%
105
N/A
126
+20%
2 141
+1 599%
3 121
+46%
3 132
+0%
3 235
+3%
2 655
-18%
1 558
-41%
2 331
+50%
3 998
+72%
5 475
+37%
6 940
+27%
7 402
+7%
6 951
-6%
7 398
+6%
7 504
+1%
7 565
+1%
7 324
-3%
6 677
-9%
6 362
-5%
6 035
-5%
6 977
+16%
7 160
+3%
6 725
-6%
6 718
0%
7 334
+9%
7 922
+8%
9 785
+24%
11 295
+15%
11 850
+5%
12 022
+1%
11 915
-1%
12 119
+2%
11 334
-6%
11 559
+2%
11 277
-2%
10 611
-6%
9 256
-13%
10 868
+17%
11 013
+1%
11 470
+4%
12 428
+8%
10 795
-13%
11 063
+2%
11 103
+0%
10 878
-2%
9 503
-13%
8 527
-10%
7 991
-6%
9 246
+16%
10 806
+17%
11 301
+5%
12 124
+7%
9 457
-22%
10 334
+9%
10 996
+6%
11 820
+7%
16 257
+38%
17 036
+5%
17 493
+3%
18 117
+4%
17 501
-3%
17 791
+2%
18 454
+4%
18 544
+0%
19 588
+6%
19 188
-2%
19 251
+0%
19 702
+2%
19 620
0%
20 542
+5%
21 400
+4%
20 105
-6%
19 504
-3%
20 048
+3%
19 170
-4%
20 751
+8%
22 620
+9%
23 155
+2%
21 783
-6%
20 801
-5%
18 481
-11%
16 628
-10%
17 064
+3%
18 142
+6%
19 139
+5%
20 423
+7%
22 044
+8%
23 523
+7%
25 534
+9%
26 494
+4%
28 606
+8%
28 608
+0%
30 627
+7%
Investing Cash Flow
Other Items
2 153
1 604
(3 231)
(2 001)
(1 418)
(1 761)
(1 573)
(3 272)
(2 721)
(1 306)
727
2 340
(260)
(1 333)
(3 260)
(3 174)
(1 346)
(1 065)
(1 550)
(1 144)
(900)
(67)
1 118
(478)
70
(1 593)
(3 018)
(4 025)
(7 206)
(6 553)
(9 339)
(8 508)
(9 806)
(13 035)
(12 654)
(17 617)
(21 502)
(19 552)
(16 970)
(12 297)
(10 757)
(12 224)
(13 140)
(16 245)
(10 835)
(11 129)
(10 644)
(7 771)
(10 547)
(8 700)
(7 772)
(7 690)
(4 066)
(8 616)
(12 509)
(6 897)
(13 865)
(12 611)
(11 655)
(22 802)
(22 739)
(20 966)
(21 370)
(18 793)
(16 287)
(16 540)
(17 399)
(19 419)
(19 002)
(18 480)
(18 953)
(15 972)
(13 830)
(8 661)
(9 585)
(10 326)
(14 148)
(24 999)
(24 331)
(23 939)
(24 442)
(18 525)
(19 122)
(19 458)
(18 400)
(19 371)
(13 451)
(12 242)
(13 720)
(13 271)
(19 773)
(20 916)
(18 459)
(21 473)
(20 879)
(23 985)
Cash from Investing Activities
2 153
N/A
1 604
-25%
(3 231)
N/A
(2 001)
+38%
(1 418)
+29%
(1 761)
-24%
(1 573)
+11%
(3 272)
-108%
(2 721)
+17%
(1 306)
+52%
727
N/A
2 340
+222%
(260)
N/A
(1 333)
-413%
(3 260)
-145%
(3 174)
+3%
(1 346)
+58%
(1 065)
+21%
(1 550)
-46%
(1 144)
+26%
(900)
+21%
(67)
+93%
1 118
N/A
(478)
N/A
70
N/A
(1 593)
N/A
(3 018)
-89%
(4 025)
-33%
(7 206)
-79%
(6 553)
+9%
(9 339)
-43%
(8 508)
+9%
(9 806)
-15%
(13 035)
-33%
(12 654)
+3%
(17 617)
-39%
(21 502)
-22%
(19 552)
+9%
(16 970)
+13%
(12 297)
+28%
(10 757)
+13%
(12 224)
-14%
(13 140)
-7%
(16 245)
-24%
(10 835)
+33%
(11 129)
-3%
(10 644)
+4%
(7 771)
+27%
(10 547)
-36%
(8 700)
+18%
(7 772)
+11%
(7 690)
+1%
(4 066)
+47%
(8 616)
-112%
(12 509)
-45%
(6 897)
+45%
(13 865)
-101%
(12 611)
+9%
(11 655)
+8%
(22 802)
-96%
(22 739)
+0%
(20 966)
+8%
(21 370)
-2%
(18 793)
+12%
(16 287)
+13%
(16 540)
-2%
(17 399)
-5%
(19 419)
-12%
(19 002)
+2%
(18 480)
+3%
(18 953)
-3%
(15 972)
+16%
(13 830)
+13%
(8 661)
+37%
(9 585)
-11%
(10 326)
-8%
(14 148)
-37%
(24 999)
-77%
(24 331)
+3%
(23 939)
+2%
(24 442)
-2%
(18 525)
+24%
(19 122)
-3%
(19 458)
-2%
(18 400)
+5%
(19 371)
-5%
(13 451)
+31%
(12 242)
+9%
(13 720)
-12%
(13 271)
+3%
(19 773)
-49%
(20 916)
-6%
(18 459)
+12%
(21 473)
-16%
(20 879)
+3%
(23 985)
-15%
Financing Cash Flow
Net Issuance of Common Stock
990
995
996
400
(718)
(722)
(722)
218
338
416
681
391
(29)
(89)
(688)
(1 040)
(717)
(637)
(1 215)
(1 293)
(1 198)
(1 654)
(1 571)
(2 025)
(2 204)
(2 013)
(1 283)
(552)
1 851
2 474
2 915
3 014
3 239
2 783
2 441
2 441
3
199
199
198
393
440
683
683
684
440
394
397
213
426
(214)
1 999
2 247
2 040
2 499
288
37
453
447
446
950
554
556
578
124
364
372
360
(174)
(632)
(1 039)
(1 455)
(1 235)
(1 277)
(891)
(480)
(217)
2 037
1 623
1 618
2 610
(487)
494
(34)
(1 582)
(883)
(1 883)
(1 756)
(1 501)
(1 291)
(1 463)
(2 039)
(3 128)
(3 439)
(3 480)
(3 111)
Net Issuance of Debt
1 005
520
832
597
666
480
1 497
1 284
899
1 204
728
(1 289)
2 163
1 283
1 102
(162)
1 011
1 511
2 019
5 683
3 376
2 476
1 717
2 602
1 147
1 840
2 714
1 712
3 770
4 265
4 853
6 635
2 651
2 374
1 113
1 414
3 440
3 928
3 606
2 892
930
2 475
1 836
855
880
245
414
574
1 231
473
106
(230)
(1 257)
817
814
(918)
(677)
2 035
4 893
6 673
3 919
2 209
(196)
306
1 676
14
523
208
1 298
(453)
(538)
(837)
575
(777)
1 627
2 642
3 230
4 507
(354)
(1 843)
(1 980)
(1 695)
1 109
1 929
609
1 012
(395)
(867)
340
(684)
1 523
465
1 714
743
(30)
1 618
Cash Paid for Dividends
(231)
(242)
(251)
(260)
(285)
(300)
(317)
(351)
(368)
(382)
(468)
(578)
(690)
(804)
(878)
(910)
(940)
(1 013)
(1 053)
(1 088)
(1 163)
(1 197)
(1 257)
(1 319)
(1 371)
(1 419)
(1 442)
(1 497)
(1 524)
(1 584)
(1 583)
(1 370)
(1 149)
(906)
(709)
(698)
(691)
(683)
(690)
(706)
(717)
(717)
(727)
(727)
(733)
(751)
(757)
(755)
(761)
(757)
(758)
(784)
(910)
(1 056)
(1 227)
(1 380)
(1 427)
(1 486)
(1 523)
(1 557)
(1 593)
(1 643)
(1 687)
(1 734)
(1 780)
(1 804)
(1 840)
(1 874)
(1 788)
(1 659)
(1 526)
(1 398)
(1 398)
(1 642)
(1 879)
(2 114)
(2 340)
(2 344)
(2 375)
(2 369)
(2 500)
(2 610)
(2 688)
(2 787)
(2 787)
(2 813)
(2 889)
(2 930)
(2 972)
(3 026)
(3 073)
(3 119)
(3 159)
(3 184)
(3 223)
(3 261)
Other
273
0
0
0
(356)
0
0
0
420
0
(1 197)
0
(3 799)
(6 666)
(6 359)
(3 860)
(5 162)
(4 785)
(4 931)
(8 309)
(4 746)
(3 675)
(2 887)
(3 230)
(2 155)
(1 940)
(2 208)
(1 585)
(2 027)
(3 824)
(4 006)
(3 613)
(3 558)
(1 246)
(751)
(1 089)
572
(1 027)
(850)
(595)
49
(237)
(269)
(54)
(91)
(179)
(201)
291
15
1 271
969
554
(59)
(1 656)
(1 767)
(1 604)
61
(334)
589
117
10
141
(328)
(191)
(6)
720
878
1 006
(60)
897
1 955
2 555
(22)
1 205
238
(468)
(10)
(1 146)
(836)
(117)
(177)
1 672
995
435
1 652
(42)
242
208
(909)
22
(238)
380
399
1 043
659
807
Cash from Financing Activities
2 037
N/A
1 273
-38%
1 577
+24%
737
-53%
(693)
N/A
(542)
+22%
458
N/A
1 151
+151%
1 289
+12%
1 238
-4%
(256)
N/A
(1 476)
-477%
(2 355)
-60%
(5 079)
-116%
(5 626)
-11%
(5 972)
-6%
(5 808)
+3%
(4 924)
+15%
(5 180)
-5%
(5 007)
+3%
(3 731)
+25%
(4 050)
-9%
(3 998)
+1%
(3 972)
+1%
(4 583)
-15%
(3 532)
+23%
(2 219)
+37%
(1 922)
+13%
2 070
N/A
1 331
-36%
2 179
+64%
4 666
+114%
1 183
-75%
3 005
+154%
2 094
-30%
2 068
-1%
3 324
+61%
2 417
-27%
2 265
-6%
1 789
-21%
655
-63%
1 961
+199%
1 523
-22%
757
-50%
740
-2%
(245)
N/A
(150)
+39%
507
N/A
698
+38%
1 413
+102%
103
-93%
1 539
+1 394%
21
-99%
145
+590%
319
+120%
(3 614)
N/A
(2 006)
+44%
668
N/A
4 406
+560%
5 679
+29%
3 286
-42%
1 261
-62%
(1 655)
N/A
(1 041)
+37%
14
N/A
(706)
N/A
(67)
+91%
(300)
-348%
(724)
-141%
(1 847)
-155%
(1 148)
+38%
(1 135)
+1%
(2 080)
-83%
(2 491)
-20%
(905)
+64%
(420)
+54%
663
N/A
3 054
+361%
(1 942)
N/A
(2 711)
-40%
(2 047)
+24%
(3 120)
-52%
(90)
+97%
(457)
-408%
(2 108)
-361%
(2 726)
-29%
(4 925)
-81%
(5 345)
-9%
(5 042)
+6%
(4 979)
+1%
(3 251)
+35%
(4 313)
-33%
(4 174)
+3%
(4 837)
-16%
(6 074)
-26%
(3 947)
+35%
Change in Cash
Effect of Foreign Exchange Rates
0
(11)
(25)
93
117
(121)
(367)
(450)
(577)
(278)
(24)
(352)
(233)
(282)
(216)
(199)
(208)
(190)
(458)
(183)
23
(61)
(388)
(845)
(1 109)
(637)
(205)
632
2 138
1 995
1 066
(145)
(1 934)
(2 564)
(964)
(412)
(339)
(103)
(709)
117
192
179
362
(462)
(213)
84
170
242
479
674
165
774
790
1 569
1 639
1 971
2 102
337
671
53
(347)
265
(146)
(671)
(658)
(288)
138
310
822
271
(41)
275
(466)
832
349
(33)
(528)
(1 948)
(1 512)
(894)
(319)
(246)
188
506
585
851
249
(163)
(412)
(159)
304
145
1 197
1 012
42
331
Net Change in Cash
1 281
N/A
(110)
N/A
(1 574)
-1 331%
(1 045)
+34%
147
N/A
697
+374%
1 650
+137%
664
-60%
646
-3%
1 212
+88%
2 778
+129%
4 510
+62%
2 627
-42%
246
-91%
(1 700)
N/A
(2 394)
-41%
36
N/A
1 325
+3 581%
377
-72%
990
+163%
2 069
+109%
2 184
+6%
2 767
+27%
1 682
-39%
1 538
-9%
963
-37%
1 276
+33%
2 019
+58%
4 924
+144%
6 558
+33%
5 201
-21%
7 863
+51%
1 465
-81%
(679)
N/A
595
N/A
(4 627)
N/A
(6 958)
-50%
(5 961)
+14%
(4 803)
+19%
(1 135)
+76%
958
N/A
929
-3%
215
-77%
(3 522)
N/A
487
N/A
(227)
N/A
479
N/A
3 856
+705%
133
-97%
1 914
+1 339%
487
-75%
3 869
+694%
7 551
+95%
4 399
-42%
1 573
-64%
917
-42%
(3 435)
N/A
(610)
+82%
5 242
N/A
(813)
N/A
(2 764)
-240%
(1 947)
+30%
(5 054)
-160%
(3 004)
+41%
860
N/A
920
+7%
1 216
+32%
179
-85%
284
+59%
(805)
N/A
(440)
+45%
2 788
N/A
4 166
+49%
11 080
+166%
9 964
-10%
8 725
-12%
6 035
-31%
(4 723)
N/A
(7 034)
-49%
(4 924)
+30%
(3 653)
+26%
(108)
+97%
1 777
N/A
(928)
N/A
(3 295)
-255%
(4 182)
-27%
15
N/A
1 389
+9 160%
1 249
-10%
3 635
+191%
803
-78%
450
-44%
5 058
+1 024%
3 308
-35%
1 697
-49%
3 026
+78%

See Also

Summary
MFC intrinsic value, competitors valuation, and company profile.
DCF Valuation
MFC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MFC stock valuation using valuation multiples.
Wall Street Estimates
MFC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MFC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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