Caterpillar Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $8.88B | $10.79B | $10.33B | $6.70B | $6.49B | $3.00B | $6.09B | $6.15B |
| Depreciation & Amortization | $2.26B | $2.15B | $2.14B | $2.22B | $2.35B | $2.43B | $2.58B | $2.77B |
| Depreciation | $2.09B | $1.98B | $1.93B | $1.94B | $2.05B | $2.12B | $2.25B | $2.44B |
| Amortization | $169.0M | $176.0M | $218.0M | $284.0M | $302.0M | $311.0M | $324.0M | $331.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $11.74B | $12.04B | $12.89B | $7.77B | $7.20B | $6.33B | $6.91B | $6.56B |
| Investing Activities | ||||||||
| Capital Expenditures | $2.82B | $1.99B | $1.60B | $1.30B | $1.09B | $978.0M | $1.06B | $1.28B |
| Business Acquisitions | $47.0M | $34.0M | $75.0M | $88.0M | $490.0M | $111.0M | $47.0M | $392.0M |
| Net Cash from Investing Activities | $-4.71B | $-2.45B | $-5.87B | $-2.54B | $-3.08B | $-1.49B | $-1.93B | $-3.21B |
| Financing Activities | ||||||||
| Dividends Paid | $2.75B | $2.65B | $2.56B | $2.44B | $2.33B | $2.24B | $2.13B | $1.95B |
| Stock Repurchases | $5.19B | $7.70B | $4.98B | $4.23B | $2.67B | $1.13B | $4.05B | $3.80B |
| Net Cash from Financing Activities | $-3.90B | $-9.57B | $-6.93B | $-7.28B | $-4.19B | $-3.76B | $-4.54B | $-3.65B |
| Net Change in Cash | $3.09B | $-89.0M | $-28.0M | $-2.25B | $-103.0M | $1.07B | $402.0M | $-430.0M |
| Free Cash Flow | $8.92B | $10.05B | $11.29B | $6.47B | $6.11B | $5.35B | $5.86B | $5.28B |