Baxter International Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-957.0M | $-649.0M | $2.66B | $-2.43B | $1.28B | $1.10B | $1.00B | $1.55B |
| Depreciation & Amortization | $981.0M | $997.0M | $984.0M | $1.07B | $867.0M | $823.0M | $789.0M | $771.0M |
| Depreciation | $383.0M | $372.0M | $394.0M | $393.0M | $569.0M | $601.0M | $606.0M | $602.0M |
| Amortization | $598.0M | $625.0M | $590.0M | $679.0M | $298.0M | $222.0M | $183.0M | $169.0M |
| Stock-Based Compensation | $117.0M | $114.0M | $115.0M | $140.0M | $146.0M | $130.0M | $122.0M | $115.0M |
| Net Cash from Operating Activities | $845.0M | $1.02B | $1.73B | $1.21B | $2.22B | $1.87B | $2.10B | $2.02B |
| Investing Activities | ||||||||
| Capital Expenditures | $513.0M | $446.0M | $432.0M | $377.0M | $691.0M | $709.0M | $696.0M | $659.0M |
| Business Acquisitions | $9.0M | $14.0M | $4.0M | $258.0M | $10.50B | $494.0M | $418.0M | $268.0M |
| Net Cash from Investing Activities | $2.84B | $-626.0M | $3.21B | $-931.0M | $-11.20B | $-1.18B | $-1.10B | $-916.0M |
| Financing Activities | ||||||||
| Dividends Paid | $348.0M | $590.0M | $586.0M | $573.0M | $530.0M | $473.0M | $423.0M | $376.0M |
| Stock Repurchases | — | $0 | $0 | $32.0M | $600.0M | $500.0M | $1.27B | $2.45B |
| Net Cash from Financing Activities | $-4.22B | $-1.08B | $-3.49B | $-1.44B | $8.25B | $-345.0M | $498.0M | $-2.60B |
| Net Change in Cash | $-446.0M | $-784.0M | $1.48B | $-1.23B | $-780.0M | $401.0M | $1.50B | $-1.56B |
| Free Cash Flow | $332.0M | $573.0M | $1.29B | $834.0M | $1.53B | $1.16B | $1.41B | $1.36B |