CNH Industrial Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	597	1,246	2,275	2,029	1,723	-493	Upgrade
Depreciation & Amortization	420	417	377	328	296	296	Upgrade
Other Amortization	196	188	187	207	241	242	Upgrade
Loss (Gain) From Sale of Assets	1	11	10	-42	-	6	Upgrade
Asset Writedown & Restructuring Costs	49	-	-	-	-	585	Upgrade
Loss (Gain) on Equity Investments	22	-11	-115	-69	-29	-36	Upgrade
Other Operating Activities	391	342	185	206	212	793	Upgrade
Change in Accounts Receivable	1,481	1,015	-2,268	-2,447	191	1,011	Upgrade
Change in Inventory	951	787	-259	-151	-555	1,224	Upgrade
Change in Accounts Payable	-130	-1,186	-157	125	738	314	Upgrade
Change in Other Net Operating Assets	-626	-734	1,207	421	654	318	Upgrade
Operating Cash Flow	3,285	1,968	907	557	4,082	5,529	Upgrade
Operating Cash Flow Growth	83.42%	116.98%	62.84%	-86.36%	-26.17%	202.79%	Upgrade
Capital Expenditures	-1,261	-1,186	-1,195	-999	-921	-846	Upgrade
Sale of Property, Plant & Equipment	7	1	16	97	11	-	Upgrade
Other Investing Activities	-829	-1,587	-2,520	-2,107	-4,091	-1,904	Upgrade
Investing Cash Flow	-2,083	-2,772	-3,699	-3,009	-5,001	-2,750	Upgrade
Long-Term Debt Issued	-	15,111	12,012	11,763	7,988	8,888	Upgrade
Long-Term Debt Repaid	-	-13,869	-8,224	-9,223	-9,199	-7,814	Upgrade
Net Debt Issued (Repaid)	-308	1,242	3,788	2,540	-1,211	1,074	Upgrade
Repurchase of Common Stock	-68	-702	-652	-153	-	-	Upgrade
Common Dividends Paid	-314	-591	-527	-412	-188	-	Upgrade
Other Financing Activities	-15	-16	-11	-11	-46	-415	Upgrade
Financing Cash Flow	-705	-67	2,598	1,964	-1,445	659	Upgrade
Foreign Exchange Rate Adjustments	9	-308	110	-228	-403	418	Upgrade
Net Cash Flow	506	-1,179	-84	-716	-2,767	3,856	Upgrade
Free Cash Flow	2,024	782	-288	-442	3,161	4,683	Upgrade
Free Cash Flow Growth	202.09%	-	-	-	-32.50%	-	Upgrade
Free Cash Flow Margin	11.36%	3.94%	-1.17%	-1.88%	16.21%	31.69%	Upgrade
Free Cash Flow Per Share	1.61	0.62	-0.21	-0.33	2.32	3.47	Upgrade
Cash Interest Paid	1,598	1,598	1,091	718	539	625	Upgrade
Cash Income Tax Paid	769	769	802	717	348	80	Upgrade
Levered Free Cash Flow	474.63	368	-3,377	-1,323	1,260	2,402	Upgrade
Unlevered Free Cash Flow	563.38	464.25	-3,309	-1,240	1,347	2,511	Upgrade
Change in Working Capital	1,609	-225	-2,012	-2,102	755	2,795	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.