W.W. Grainger 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	1,706	1,909	1,829	1,547	1,043
Depreciation & Amortization	254	237	214	205	187
Loss (Gain) From Sale of Assets	196	-	17	-14	-6
Stock-Based Compensation	64	62	62	48	42
Provision & Write-off of Bad Debts	23	23	23	19	18
Other Operating Activities	200	156	141	144	148
Change in Accounts Receivable	-190	-110	-98	-436	-324
Change in Inventory	-147	-77	-16	-412	-152
Change in Accounts Payable	43	20	-65	225	54
Change in Income Taxes	-4	-3	-4	42	-26
Change in Other Net Operating Assets	-130	-106	-72	-35	-47
Operating Cash Flow	2,015	2,111	2,031	1,333	937
Operating Cash Flow Growth	-4.55%	3.94%	52.36%	42.26%	-16.56%
Capital Expenditures	-684	-541	-445	-256	-255
Sale of Property, Plant & Equipment	33	3	21	28	29
Other Investing Activities	6	18	2	-35	-
Investing Cash Flow	-645	-520	-422	-263	-226
Short-Term Debt Issued	125	-	-	-	-
Long-Term Debt Issued	91	503	7	16	-
Total Debt Issued	216	503	7	16	-
Long-Term Debt Repaid	-506	-39	-37	-15	-8
Total Debt Repaid	-506	-39	-37	-15	-8
Net Debt Issued (Repaid)	-290	464	-30	1	-8
Issuance of Common Stock	15	30	34	26	48
Repurchase of Common Stock	-1,081	-1,251	-887	-626	-725
Common Dividends Paid	-467	-393	-366	-347	-334
Other Financing Activities	-2	-30	-29	-26	-20
Financing Cash Flow	-1,825	-1,180	-1,278	-972	-1,039
Foreign Exchange Rate Adjustments	4	-35	4	-14	-16
Net Cash Flow	-451	376	335	84	-344
Free Cash Flow	1,331	1,570	1,586	1,077	682
Free Cash Flow Growth	-15.22%	-1.01%	47.26%	57.92%	-26.35%
Free Cash Flow Margin	7.42%	9.14%	9.63%	7.07%	5.24%
Free Cash Flow Per Share	27.73	32.04	31.66	21.08	13.06
Cash Interest Paid	-	111	109	91	87
Cash Income Tax Paid	-	606	615	479	377
Levered Free Cash Flow	957.75	1,295	1,261	900.63	550.25
Unlevered Free Cash Flow	1,008	1,343	1,319	958.75	604.63
Change in Working Capital	-428	-276	-255	-616	-495

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