Avery Dennison Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $688.0M | $704.9M | $503.0M | $757.1M | $555.9M | $303.6M | $467.4M | $281.8M |
| Depreciation & Amortization | $328.2M | $312.2M | $298.4M | $290.7M | $205.3M | $179.0M | $181.0M | $178.7M |
| Depreciation | $206.4M | $197.1M | $187.4M | $177.4M | $154.2M | $140.3M | $141.5M | $126.6M |
| Amortization | $92.8M | $89.4M | $86.3M | $81.8M | $19.9M | $13.5M | $15.2M | $18.6M |
| Stock-Based Compensation | $27.9M | $28.7M | $22.3M | $47.4M | $24.0M | $34.5M | $34.3M | $30.2M |
| Net Cash from Operating Activities | $881.4M | $938.8M | $826.0M | $961.0M | $751.3M | $746.5M | $457.9M | $645.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $169.0M | $208.8M | $265.3M | $278.1M | $201.4M | $219.4M | $226.7M | $190.5M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-596.0M | $-243.1M | $-459.0M | $-332.7M | $-554.2M | $-251.0M | $-232.5M | $-543.3M |
| Financing Activities | ||||||||
| Dividends Paid | $288.4M | $277.5M | $256.7M | $238.9M | $196.8M | $189.7M | $175.0M | $155.5M |
| Stock Repurchases | $572.3M | $247.5M | $137.5M | $379.5M | $104.3M | $237.7M | $392.9M | $129.7M |
| Net Cash from Financing Activities | $-414.9M | $-576.1M | $-317.2M | $-615.2M | $-207.7M | $-470.3M | $-208.1M | $-83.9M |
| Net Change in Cash | $-126.3M | $114.1M | $47.8M | $4.5M | $-1.4M | $21.7M | $7.6M | $29.3M |
| Free Cash Flow | $712.4M | $730.0M | $560.7M | $682.9M | $549.9M | $527.1M | $231.2M | $455.2M |