Illinois Tool Works Cash Flow Statement
NYSE: ITWIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Illinois Tool Works free cash flow
In fiscal 2025, Illinois Tool Works generated $3.13 billion of operating cash flow and spent $419.0 million on capital expenditures. That left free cash flow of $2.71 billion, a free-cash-flow margin of 16.9% of revenue. Free cash flow was down 4.8% from the prior year's $2.84 billion.
Illinois Tool Works returned $3.29 billion to shareholders: $1.78 billion in dividends and $1.50 billion in share repurchases, equal to 121% of free cash flow. Free cash flow covered dividend payments 1.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
Illinois Tool Works 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 | 3.07B | 3.49B | 2.96B | 3.03B | 2.69B | 2.11B | 2.52B | 2.56B | 1.69B | 2.04B |
| Net Income growth (YoY) | -12.10% | +17.96% | -2.54% | +12.62% | +27.74% | -16.34% | -1.64% | +51.93% | -17.10% | +7.16% |
| Depreciation & Amortization | 317.00M | 301.00M | 282.00M | 276.00M | 277.00M | 273.00M | 267.00M | 272.00M | 256.00M | 246.00M |
| Stock-Based Compensation | 69.00M | 61.00M | 69.00M | 63.00M | 53.00M | 42.00M | 41.00M | 40.00M | 36.00M | 39.00M |
| Change in Working Capital | -223.00M | 126.00M | 384.00M | -900.00M | -689.00M | 198.00M | 133.00M | -211.00M | -301.00M | -189.00M |
| Operating Cash Flow | 3.13B | 3.28B | 3.54B | 2.35B | 2.56B | 2.81B | 3.00B | 2.81B | 2.40B | 2.30B |
| Capital Expenditures | -419.00M | -437.00M | -455.00M | -412.00M | -296.00M | -236.00M | -326.00M | -364.00M | -297.00M | -273.00M |
| Investing Cash Flow | -521.00M | -144.00M | -403.00M | -110.00M | -984.00M | -214.00M | -183.00M | -325.00M | -251.00M | -532.00M |
| Dividends Paid | -1.78B | -1.70B | -1.61B | -1.54B | -1.46B | -1.38B | -1.32B | -1.12B | -941.00M | -821.00M |
| Share Repurchases | -1.50B | -1.50B | -1.50B | -1.75B | -1.00B | -706.00M | -1.50B | -2.00B | -1.00B | -2.00B |
| Financing Cash Flow | -2.74B | -3.19B | -2.78B | -3.00B | -2.56B | -2.05B | -2.33B | -3.96B | -1.67B | -2.25B |
| Net Change in Cash | -97.00M | -117.00M | 357.00M | -819.00M | -1.04B | 583.00M | 477.00M | -1.59B | 622.00M | -618.00M |
| Free Cash Flow | 2.71B | 2.84B | 3.08B | 1.94B | 2.26B | 2.57B | 2.67B | 2.45B | 2.10B | 2.03B |
This table shows 10 annual periods of Illinois Tool Works'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 ITW's reporting calendar. What is a cash flow statement?