Caterpillar Cash Flow Statement
NYSE: CATIndustrialsConstruction/Ag Equipment/TrucksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Caterpillar free cash flow
In fiscal 2025, Caterpillar generated $11.74 billion of operating cash flow and spent $2.82 billion on capital expenditures. That left free cash flow of $8.92 billion, a free-cash-flow margin of 13.2% of revenue. Free cash flow was down 11.2% from the prior year's $10.05 billion.
Caterpillar returned $7.94 billion to shareholders: $2.75 billion in dividends and $5.19 billion in share repurchases, equal to 89% of free cash flow. Free cash flow covered dividend payments 3.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
Caterpillar cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 8.88B | 10.79B | 10.33B | 6.70B | 6.49B | 3.00B | 6.09B | 6.15B | 759.00M | -59.00M |
| Net Income growth (YoY) | -17.67% | +4.41% | +54.12% | +3.25% | +116.22% | -50.72% | -0.88% | +710.01% | — | -102.34% |
| Depreciation & Amortization | 2.26B | 2.15B | 2.14B | 2.22B | 2.35B | 2.43B | 2.58B | 2.77B | 2.88B | 3.03B |
| Stock-Based Compensation | 242.00M | 223.00M | 208.00M | 193.00M | 200.00M | 202.00M | 205.00M | 197.00M | 206.00M | 218.00M |
| Change in Working Capital | -973.00M | -687.00M | -1.13B | -2.21B | -1.95B | 493.00M | -2.35B | -4.02B | -1.55B | 1.61B |
| Operating Cash Flow | 11.74B | 12.04B | 12.88B | 7.77B | 7.20B | 6.33B | 6.91B | 6.56B | 5.71B | 5.64B |
| Capital Expenditures | -2.82B | -1.99B | -1.60B | -1.30B | -1.09B | -978.00M | -1.06B | -1.28B | -898.00M | -1.11B |
| Investing Cash Flow | -4.71B | -2.45B | -5.87B | -2.54B | -3.08B | -1.49B | -1.93B | -3.21B | -966.00M | -1.78B |
| Dividends Paid | -2.75B | -2.65B | -2.56B | -2.44B | -2.33B | -2.24B | -2.13B | -1.95B | -1.83B | -1.80B |
| Share Repurchases | -5.19B | -7.70B | -4.97B | -4.23B | -2.67B | -1.13B | -4.05B | -3.80B | 0 | 0 |
| Financing Cash Flow | -3.90B | -9.56B | -6.93B | -7.28B | -4.19B | -3.75B | -4.54B | -3.65B | -3.66B | -3.14B |
| Net Change in Cash | 3.09B | -89.00M | -28.00M | -2.25B | -103.00M | 1.07B | 402.00M | -430.00M | 1.12B | 688.00M |
| Free Cash Flow | 8.92B | 10.05B | 11.29B | 6.47B | 6.11B | 5.35B | 5.86B | 5.28B | 4.81B | 4.53B |
This table shows 10 annual periods of Caterpillar's cash flow statement, from FY 2025 back to FY 2016, across 12 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow CAT's reporting calendar. What is a cash flow statement?