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

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