CNH Industrial Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	505	1,259	2,287	2,039	3,561
Depreciation & Amortization	629	605	564	535	537
Other Adjustments	466	222	-467	35	-209
Change in Receivables	708	1,015	-2,268	-2,447	191
Changes in Inventories	749	787	-259	-151	-555
Changes in Accounts Payable	-198	-1,186	-157	125	738
Changes in Other Operating Activities	-321	-734	1,207	421	654
Operating Cash Flow	2,538	1,968	907	557	4,082
Operating Cash Flow Growth	28.96%	116.98%	62.84%	-86.36%	-26.17%
Capital Expenditures	-543	-536	-644	-461	-365
Sale of Property, Plant & Equipment	-	-	-	97	11
Other Investing Activities	-837	-2,236	-3,055	-2,645	-4,647
Investing Cash Flow	-1,380	-2,772	-3,699	-3,009	-5,001
Long-Term Debt Issued	12,985	15,111	9,941	11,183	7,988
Long-Term Debt Repaid	-13,006	-13,453	-8,224	-9,223	-9,088
Net Long-Term Debt Issued (Repaid)	-21	1,658	1,717	1,960	-1,100
Repurchase of Common Stock	-100	-702	-652	-153	-
Net Common Stock Issued (Repurchased)	-100	-702	-652	-153	-
Common Dividends Paid	-333	-607	-538	-423	-188
Other Financing Activities	-1,566	-416	2,071	580	-157
Financing Cash Flow	-2,020	-67	2,598	1,964	-1,445
Effect of Exchange Rate Changes on Cash and Cash Equivalents	225	-308	110	-228	-403
Net Cash Flow	-637	-1,179	-84	-716	-2,767
Free Cash Flow	1,995	1,432	263	96	3,717
Free Cash Flow Growth	39.32%	444.49%	173.96%	-97.42%	-29.83%
FCF Margin	13.00%	8.39%	1.19%	0.45%	20.88%
Free Cash Flow Per Share	1.59	1.14	0.19	0.07	2.73
Levered Free Cash Flow	805	1,709	4,743	4,458	1,632
Unlevered Free Cash Flow	-1,181	-1,933	1,118	953.83	1,225

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.