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	-	3,794	3,218	2,462	2,144
Depreciation & Amortization	-	921	926	954	922
Loss (Gain) From Sale of Assets	-	-	-	-24	-197
Other Operating Activities	-	-169	-371	-171	-397
Change in Accounts Receivable	-	-215	-341	-743	-271
Change in Inventory	-	-566	-282	-490	-629
Change in Accounts Payable	-	399	256	334	832
Change in Income Taxes	-	142	61	170	-317
Change in Other Net Operating Assets	-	21	157	41	76
Operating Cash Flow	-	4,327	3,624	2,533	2,163
Operating Cash Flow Growth	-	19.40%	43.07%	17.11%	-26.53%
Capital Expenditures	-	-808	-757	-598	-575
Sale of Property, Plant & Equipment	-	85	76	163	44
Cash Acquisitions	-	-50	-	-610	-4,500
Divestitures	-	-	-2	31	3,129
Investment in Securities	-	538	-1,920	-60	255
Other Investing Activities	-	-36	28	-126	-117
Investing Cash Flow	-	-271	-2,575	-1,200	-1,764
Short-Term Debt Issued	-	-	-	317	20
Long-Term Debt Issued	-	1,084	818	1,995	1,798
Total Debt Issued	-	1,084	818	2,312	1,818
Short-Term Debt Repaid	-	-8	-311	-	-
Long-Term Debt Repaid	-	-1,015	-19	-2,012	-1,013
Total Debt Repaid	-	-1,023	-330	-2,012	-1,013
Net Debt Issued (Repaid)	-	61	488	300	805
Issuance of Common Stock	-	69	78	28	63
Repurchase of Common Stock	-	-2,562	-49	-346	-169
Common Dividends Paid	-	-1,500	-1,379	-1,299	-1,219
Other Financing Activities	-	-4	-9	-23	-15
Financing Cash Flow	-	-3,936	-871	-1,340	-535
Foreign Exchange Rate Adjustments	-	-52	16	4	-5
Miscellaneous Cash Flow Adjustments	-	-1	-	-	-
Net Cash Flow	-	67	194	-3	-141
Free Cash Flow	-	3,519	2,867	1,935	1,588
Free Cash Flow Growth	-	22.74%	48.16%	21.85%	-37.85%
Free Cash Flow Margin	-	14.14%	12.36%	9.32%	8.09%
Free Cash Flow Per Share	-	8.81	7.15	4.83	3.95
Cash Interest Paid	-	330	320	252	209
Cash Income Tax Paid	-	752	727	393	753
Levered Free Cash Flow	-	2,838	2,400	1,576	3,705
Unlevered Free Cash Flow	-	2,920	2,537	1,631	3,795
Change in Working Capital	-	-219	-149	-688	-309

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.