Avery Dennison Corporation (AVY)

Avery Dennison Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022
Net Income	689.8	688	704.9	503	757.1	740.1
Depreciation & Amortization	337.1	328.2	312.2	298.4	290.7	244.1
Stock-Based Compensation	25.8	27.9	28.7	22.3	47.4	37.2
Other Adjustments	67.2	80.1	96.1	62.6	92	50
Change in Receivables	-	44	-107.3	-16.7	-22.1	-113.2
Changes in Inventories	-	53.2	-90.7	111.7	-140.7	-182.7
Changes in Accounts Payable	-	-144.4	106.7	-87.6	68.2	255.2
Changes in Income Taxes Payable	-	-5.1	40.2	-18.7	18.9	-7.3
Changes in Other Operating Activities	-181.5	-190.5	-152	-49	-150.5	23.4
Operating Cash Flow	1,034	881.4	938.8	826	961	1,047
Operating Cash Flow Growth	28.84%	-6.11%	13.66%	-14.05%	-8.20%	39.33%
Capital Expenditures	-161.3	-169	-208.8	-265.3	-278.1	-255
Sale of Property, Plant & Equipment	23.3	22.6	0.6	1	2.3	1.1
Purchases of Intangible Assets	-31.5	-31.4	-31	-19.8	-20.4	-17.1
Proceeds from Sale of Investments	-0.1	3.5	10.1	1.9	1.9	3.1
Payments for Business Acquisitions	-399.7	-401.8	-3.8	-224.9	-39.5	-1,478
Proceeds from Business Divestments	-	-	-	-	1.1	7.6
Other Investing Activities	-	-19.9	-10.2	48.1	-	1.8
Investing Cash Flow	-595.4	-596	-243.1	-459	-332.7	-1,738
Short-Term Debt Issued	-280.8	422.5	-269	-36.6	34.6	259.2
Net Short-Term Debt Issued (Repaid)	-280.8	422.5	-269	-36.6	34.6	259.2
Long-Term Debt Issued	-0.3	576.5	539.2	394.9	-	791.7
Long-Term Debt Repaid	-36.1	-559.4	-308.1	-255.9	-6.3	-13.4
Net Long-Term Debt Issued (Repaid)	-36.4	17.1	231.1	139	-6.3	778.3
Issuance of Common Stock	-10.1	-12.8	-8.4	-23.8	-25.1	-25.4
Repurchase of Common Stock	-371.3	-572.3	-247.5	-137.5	-379.5	-180.9
Net Common Stock Issued (Repurchased)	-381.4	-585.1	-255.9	-161.3	-404.6	-206.3
Common Dividends Paid	-291.3	-288.4	-277.5	-256.7	-238.9	-220.6
Other Financing Activities	-8.25	19	-4.8	-1.6	-	-6.3
Financing Cash Flow	-380.6	-414.9	-576.1	-317.2	-615.2	604.3
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1	3.2	-5.5	-2	-8.6	-2.8
Net Cash Flow	59.2	-126.3	114.1	47.8	4.5	-89.6
Free Cash Flow	872.9	712.4	730	560.7	682.9	791.8
Free Cash Flow Growth	22.53%	-2.41%	30.19%	-17.89%	-13.75%	43.99%
FCF Margin	9.69%	8.04%	8.34%	6.70%	7.55%	9.42%
Free Cash Flow Per Share	11.24	0.00	0.00	0.00	8.31	9.45
Levered Free Cash Flow	366.9	1,000	674.6	594.9	593.9	1,855
Unlevered Free Cash Flow	776.05	650.54	779.26	556.36	622.2	871.25

Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q