Baxter International Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $126.0M | $-15.0M | $-1.13B | $-46.0M | $91.0M | $126.0M | $-512.0M | $140.0M |
| Depreciation & Amortization | $239.0M | $237.0M | $240.0M | $237.0M | $257.0M | $247.0M | $245.0M | $254.0M |
| Depreciation | $94.0M | $91.0M | $95.0M | $90.0M | $106.0M | $92.0M | $91.0M | $95.0M |
| Amortization | $145.0M | $146.0M | $145.0M | $147.0M | $151.0M | $155.0M | $154.0M | $159.0M |
| Stock-Based Compensation | $33.0M | $10.0M | $37.0M | $35.0M | $35.0M | $10.0M | $39.0M | $38.0M |
| Net Cash from Operating Activities | $285.0M | $213.0M | $584.0M | $237.0M | $217.0M | $-193.0M | $488.0M | $253.0M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-117.0M | $-133.0M | $-198.0M | $-111.0M | $-115.0M | $3.27B | $-205.0M | $-164.0M |
| Financing Activities | ||||||||
| Dividends Paid | $5.0M | $5.0M | $87.0M | $87.0M | $87.0M | $87.0M | $147.0M | $148.0M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-31.0M | $-11.0M | $-147.0M | $-81.0M | $-762.0M | $-3.23B | $141.0M | $-146.0M |
| Net Change in Cash | $137.0M | $51.0M | $240.0M | $40.0M | $-608.0M | $-118.0M | $334.0M | $-16.0M |
| Free Cash Flow | — | — | — | — | — | — | — | — |