Eaton Corporation 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	4,090	3,798	3,223	2,465	2,146
Depreciation & Amortization	1,006	921	926	954	922
Other Adjustments	94	-173	-376	-198	-596
Change in Receivables	-777	-267	-395	-743	-271
Changes in Inventories	-256	-566	-282	-490	-629
Changes in Accounts Payable	332	399	256	334	832
Changes in Accrued Expenses	-50	21	197	-16	154
Changes in Income Taxes Payable	-116	142	61	170	-317
Changes in Unearned Revenue	202	2	119	-	-
Changes in Other Operating Activities	-53	50	-105	57	-78
Operating Cash Flow	4,472	4,327	3,624	2,533	2,163
Operating Cash Flow Growth	3.35%	19.40%	43.07%	17.11%	-26.53%
Capital Expenditures	-919	-808	-757	-598	-575
Sale of Property, Plant & Equipment	80	85	76	163	44
Purchases of Investments	-16	-70	-68	-42	-124
Proceeds from Sale of Investments	1,339	608	-1,852	-18	379
Payments for Business Acquisitions	-1,490	-50	-	-610	-4,500
Proceeds from Business Divestments	-	-	-	31	3,129
Other Investing Activities	-95	-35	27	-127	-117
Investing Cash Flow	-1,101	-271	-2,575	-1,200	-1,764
Short-Term Debt Issued	1	-8	-311	317	20
Net Short-Term Debt Issued (Repaid)	1	-8	-311	317	20
Long-Term Debt Issued	1,058	1,084	818	1,995	1,798
Long-Term Debt Repaid	-717	-1,015	-19	-2,012	-1,013
Net Long-Term Debt Issued (Repaid)	341	69	799	-17	785
Issuance of Common Stock	39	69	78	28	63
Repurchase of Common Stock	-1,862	-2,492	-	-286	-122
Net Common Stock Issued (Repurchased)	-1,823	-2,423	78	-258	-59
Common Dividends Paid	-1,626	-1,500	-1,379	-1,299	-1,219
Other Financing Activities	-66	-74	-58	-83	-62
Financing Cash Flow	-3,173	-3,936	-871	-1,340	-535
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-131	-52	16	4	-5
Net Cash Flow	67	67	194	-3	-141
Free Cash Flow	3,553	3,519	2,867	1,935	1,588
Free Cash Flow Growth	0.97%	22.74%	48.16%	21.85%	-37.85%
FCF Margin	12.94%	14.15%	12.36%	9.32%	8.09%
Free Cash Flow Per Share	9.08	8.81	7.15	4.83	3.95
Levered Free Cash Flow	4,575	4,016	4,121	3,173	3,258
Unlevered Free Cash Flow	4,436	4,067	3,765	2,979	2,104

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