Zoetis 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 | $691.0M | $601.0M | $624.0M | $721.0M | $726.0M | $602.0M | $581.0M | $682.0M |
| Depreciation & Amortization | $119.0M | $119.0M | $120.0M | $124.0M | $124.0M | $119.0M | $123.0M | $121.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $38.0M | $39.0M | $38.0M | $39.0M | $40.0M | $40.0M | $42.0M | $42.0M |
| Stock-Based Compensation | $26.0M | $25.0M | $22.0M | $22.0M | $22.0M | $17.0M | $19.0M | $18.0M |
| Net Cash from Operating Activities | $655.0M | $401.0M | $893.0M | $891.0M | $605.0M | $515.0M | $905.0M | $951.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $117.0M | $110.0M | $161.0M | $136.0M | $146.0M | $178.0M | $216.0M | $167.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-300.0M | $-87.0M | $-166.0M | $-167.0M | $-212.0M | $-203.0M | $126.0M | $-178.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $584.0M | $606.0M | $2.06B | $394.0M | $338.0M | $443.0M | $553.0M | $433.0M |
| Net Cash from Financing Activities | $-813.0M | $-840.0M | $-495.0M | $-134.0M | $-564.0M | $-677.0M | $-745.0M | $-628.0M |
| Net Change in Cash | $-465.0M | $-509.0M | $228.0M | $579.0M | $-150.0M | $-332.0M | $273.0M | $140.0M |
| Free Cash Flow | $538.0M | $291.0M | $732.0M | $755.0M | $459.0M | $337.0M | $689.0M | $784.0M |