The Procter & Gamble Company
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $16.05B | $15.97B | $14.88B | $14.65B | $14.74B | $14.31B | $13.03B | $3.90B |
| Depreciation & Amortization | $3.16B | $2.85B | $2.90B | $2.71B | $2.81B | $2.74B | $3.01B | $2.82B |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $308.0M | $320.0M | $338.0M | $327.0M | $312.0M | $318.0M | $360.0M | $349.0M |
| Stock-Based Compensation | $524.0M | $476.0M | $562.0M | $545.0M | $528.0M | $540.0M | $558.0M | $515.0M |
| Net Cash from Operating Activities | $19.56B | $17.82B | $19.85B | $16.85B | $16.72B | $18.37B | $17.40B | $15.24B |
| Investing Activities | ||||||||
| Capital Expenditures | $4.41B | $3.77B | $3.32B | $3.06B | $3.16B | $2.79B | $3.07B | $3.35B |
| Business Acquisitions | $85.0M | $11.0M | $21.0M | $765.0M | $1.38B | $34.0M | $58.0M | $3.95B |
| Net Cash from Investing Activities | $-4.62B | $-3.82B | $-3.50B | $-3.50B | $-4.42B | $-2.83B | $3.05B | $-3.49B |
| Financing Activities | ||||||||
| Dividends Paid | $10.23B | $9.87B | $9.31B | $9.00B | $8.77B | $8.26B | $7.79B | $7.50B |
| Stock Repurchases | $5.03B | $6.50B | $5.01B | $7.35B | $10.00B | $11.01B | $7.41B | $5.00B |
| Net Cash from Financing Activities | $-14.46B | $-14.04B | $-14.86B | $-12.15B | $-14.88B | $-21.53B | $-8.37B | $-9.99B |
| Net Change in Cash | $386.0M | $75.0M | $1.24B | $1.03B | $-3.07B | $-5.89B | $11.94B | $1.67B |
| Free Cash Flow | $15.15B | $14.04B | $16.52B | $13.79B | $13.57B | $15.58B | $14.33B | $11.90B |