Medtronic plc (MDT)
NYSE: MDT · Real-Time Price · USD
94.17
+1.07 (1.15%)
At close: Sep 4, 2026, 4:00 PM EDT
92.74
-1.43 (-1.52%)
After-hours: Sep 4, 2026, 7:59 PM EDT
Medtronic Cash Flow Statement
Financials in millions USD. Fiscal year is May - April.
Millions USD. Fiscal year is May - Apr.
Operating Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | Apr '26 Apr 24, 2026 | Apr '25 Apr 25, 2025 | Apr '24 Apr 26, 2024 | Apr '23 Apr 28, 2023 | Apr '22 Apr 29, 2022 |
Net Income | 5,231 | 4,801 | 4,662 | 3,676 | 3,758 | 5,039 |
Depreciation & Amortization | 2,863 | 2,837 | 2,710 | 2,647 | 2,697 | 2,707 |
Asset Writedown & Restructuring Costs | 76 | 121 | 151 | 371 | 61 | 457 |
Stock-Based Compensation | 496 | 457 | 429 | 393 | 355 | 359 |
Provision & Write-off of Bad Debts | 133 | 136 | 123 | 90 | 73 | 58 |
Other Operating Activities | 177 | 401 | 23 | 94 | 62 | -385 |
Change in Accounts Receivable | -264 | -200 | -433 | -391 | -576 | -477 |
Change in Inventory | -271 | -404 | -292 | -139 | -939 | -560 |
Change in Accounts Payable | 113 | 46 | 209 | 391 | 696 | 213 |
Change in Other Net Operating Assets | -519 | -865 | -538 | -345 | -148 | -65 |
Operating Cash Flow | 8,035 | 7,330 | 7,044 | 6,787 | 6,039 | 7,346 |
Operating Cash Flow Growth | 12.44% | 4.06% | 3.79% | 12.39% | -17.79% | 17.72% |
Investing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | Apr '26 Apr 24, 2026 | Apr '25 Apr 25, 2025 | Apr '24 Apr 26, 2024 | Apr '23 Apr 28, 2023 | Apr '22 Apr 29, 2022 |
Capital Expenditures | -1,903 | -1,904 | -1,859 | -1,587 | -1,459 | -1,368 |
Cash Acquisitions | -1,568 | -406 | -98 | -211 | -1,867 | -91 |
Investment in Securities | -511 | -620 | 269 | -307 | -171 | -190 |
Other Investing Activities | 148 | -4 | -249 | -261 | 4 | -10 |
Investing Cash Flow | -3,834 | -2,934 | -1,937 | -2,366 | -3,493 | -1,659 |
Financing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | Apr '26 Apr 24, 2026 | Apr '25 Apr 25, 2025 | Apr '24 Apr 26, 2024 | Apr '23 Apr 28, 2023 | Apr '22 Apr 29, 2022 |
Short-Term Debt Issued | - | 9 | - | 1,073 | 2,284 | - |
Long-Term Debt Issued | - | 1,747 | 3,209 | - | 5,409 | - |
Total Debt Issued | 1,919 | 1,756 | 3,209 | 1,073 | 7,693 | - |
Short-Term Debt Repaid | - | - | -1,070 | - | -2,279 | - |
Long-Term Debt Repaid | - | -2,930 | - | - | -6,012 | -1 |
Total Debt Repaid | -1,768 | -2,930 | -1,070 | - | -8,291 | -1 |
Net Debt Issued (Repaid) | 151 | -1,174 | 2,139 | 1,073 | -598 | -1 |
Issuance of Common Stock | 598 | 673 | 508 | 284 | 308 | 429 |
Repurchase of Common Stock | -1,179 | -1,035 | -3,235 | -2,138 | -645 | -2,544 |
Common Dividends Paid | -3,650 | -3,639 | -3,589 | -3,666 | -3,616 | -3,383 |
Other Financing Activities | 367 | 424 | -184 | -3 | -409 | 163 |
Financing Cash Flow | -3,713 | -4,751 | -4,361 | -4,450 | -4,960 | -5,336 |
Net Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | Apr '26 Apr 24, 2026 | Apr '25 Apr 25, 2025 | Apr '24 Apr 26, 2024 | Apr '23 Apr 28, 2023 | Apr '22 Apr 29, 2022 |
Foreign Exchange Rate Adjustments | -71 | 85 | 188 | -230 | 243 | -231 |
Miscellaneous Cash Flow Adjustments | 1 | 1 | - | - | - | 1 |
Net Cash Flow | 418 | -269 | 934 | -259 | -2,171 | 121 |
Free Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | Apr '26 Apr 24, 2026 | Apr '25 Apr 25, 2025 | Apr '24 Apr 26, 2024 | Apr '23 Apr 28, 2023 | Apr '22 Apr 29, 2022 |
Free Cash Flow | 6,132 | 5,426 | 5,185 | 5,200 | 4,580 | 5,978 |
Free Cash Flow Growth | 15.63% | 4.65% | -0.29% | 13.54% | -23.39% | 22.38% |
Free Cash Flow Margin | 16.33% | 14.92% | 15.46% | 16.07% | 14.67% | 18.87% |
Free Cash Flow Per Share | 4.76 | 4.21 | 4.02 | 3.91 | 3.44 | 4.42 |
Levered Free Cash Flow | 5,413 | 4,625 | 4,163 | 5,721 | 10,059 | -1,164 |
Unlevered Free Cash Flow | 5,866 | 5,072 | 4,619 | 6,171 | 10,424 | -818.63 |
Additional Metrics
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | Apr '26 Apr 24, 2026 | Apr '25 Apr 25, 2025 | Apr '24 Apr 26, 2024 | Apr '23 Apr 28, 2023 | Apr '22 Apr 29, 2022 |
Cash Interest Paid | 776 | 774 | 762 | 826 | 606 | 540 |
Cash Income Tax Paid | 1,739 | 1,942 | 1,819 | 1,622 | 1,548 | 996 |
Change in Working Capital | -941 | -1,423 | -1,054 | -484 | -967 | -889 |