PACCAR 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	2,376	4,162	4,601	3,012	1,866
Depreciation & Amortization	827.4	372.2	435.3	790.2	903.3
Other Amortization	-	544.7	488.6	-	-
Other Operating Activities	239.7	-93.8	-284.5	-233.2	-213.4
Change in Accounts Receivable	972.9	-321.8	-1,697	-1,377	-322.1
Change in Inventory	-	42.5	-350.7	-272.7	-628
Change in Accounts Payable	-	279.4	375.8	840.3	693.4
Change in Other Net Operating Assets	-	-419.9	590.5	262.4	-112.5
Operating Cash Flow	4,416	4,641	4,190	3,027	2,187
Operating Cash Flow Growth	-4.85%	10.76%	38.42%	38.43%	-26.80%
Capital Expenditures	-1,387	-1,746	-1,263	-1,391	-1,633
Sale of Property, Plant & Equipment	475.6	696.1	614.5	687.7	904.1
Investment in Securities	-337.3	-1,173	-163.6	-170.3	-176.1
Other Investing Activities	-	74	17.5	26.7	-12.8
Investing Cash Flow	-2,267	-4,487	-2,871	-2,033	-1,363
Short-Term Debt Issued	-	699.9	1,721	370.1	24.7
Long-Term Debt Issued	-	3,891	3,085	3,172	2,101
Total Debt Issued	-	4,591	4,806	3,542	2,126
Long-Term Debt Repaid	-822.6	-2,473	-2,233	-2,266	-2,337
Total Debt Repaid	-822.6	-2,473	-2,233	-2,266	-2,337
Net Debt Issued (Repaid)	-822.6	2,118	2,573	1,276	-210.9
Issuance of Common Stock	43.4	51.9	51.5	35.7	37.5
Repurchase of Common Stock	-36.1	-4.5	-3.5	-2.1	-1.5
Common Dividends Paid	-2,267	-2,289	-1,519	-4.7	-708
Financing Cash Flow	-3,082	-123.1	1,102	304.9	-882.9
Foreign Exchange Rate Adjustments	180.9	-151.4	69.6	-36.3	-52.4
Net Cash Flow	-752.9	-120.9	2,491	1,263	-111.3
Free Cash Flow	3,029	2,895	2,928	1,637	553.9
Free Cash Flow Growth	4.63%	-1.10%	78.89%	195.45%	-58.93%
Free Cash Flow Margin	10.65%	8.60%	8.33%	5.68%	2.35%
Free Cash Flow Per Share	5.75	5.50	5.58	3.13	1.06
Cash Interest Paid	-	571.8	396.5	169.1	104.8
Cash Income Tax Paid	-	1,319	1,499	932.1	761.1
Levered Free Cash Flow	13,126	3,865	2,271	1,508	254.53
Unlevered Free Cash Flow	13,126	3,887	2,283	1,508	259.09
Change in Working Capital	972.9	-419.8	-1,082	-547.1	-369.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.