MTD 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	869.19	863.14	788.78	872.5	768.99
Depreciation & Amortization	79.81	77.62	76.76	73.42	67.66
Other Amortization	45.8	45.6	44.4	39.6	40.4
Stock-Based Compensation	22.51	19.98	17.93	19.66	19.6
Other Operating Activities	3.79	-28.2	-13.37	26.52	7.79
Change in Accounts Receivable	-46.35	-53	50.3	-83.42	-66.47
Change in Inventory	-7.65	24.13	71.02	-43.39	-118.72
Change in Accounts Payable	33.76	12.08	-40.55	-13.83	93.97
Change in Income Taxes	-18.82	-11.93	12.26	55.86	19.69
Change in Other Net Operating Assets	-26.28	18.92	-41.65	-87.86	75.92
Operating Cash Flow	955.77	968.35	965.87	859.07	908.83
Operating Cash Flow Growth	-1.30%	0.26%	12.43%	-5.47%	25.41%
Capital Expenditures	-107.12	-103.9	-105.32	-121.24	-107.58
Sale of Property, Plant & Equipment	-	1.63	0.84	0.4	3.65
Cash Acquisitions	-93.84	-10.09	-5.81	-37.95	-220.86
Other Investing Activities	7.09	-7.1	-21.4	19.4	10.68
Investing Cash Flow	-193.87	-119.46	-131.69	-139.4	-314.11
Long-Term Debt Issued	1,996	2,157	2,127	2,307	2,428
Long-Term Debt Repaid	-1,975	-2,175	-2,097	-1,947	-2,036
Net Debt Issued (Repaid)	21.46	-18.73	29.77	359.86	391.97
Issuance of Common Stock	32.27	23.72	19.23	33.22	20.46
Repurchase of Common Stock	-807.75	-858.09	-900	-1,100	-1,000
Other Financing Activities	-1.16	-2.88	-8.59	-9.12	-2.99
Financing Cash Flow	-755.17	-855.98	-859.59	-716.04	-590.55
Foreign Exchange Rate Adjustments	0.8	-3.35	-0.75	-6.23	0.14
Net Cash Flow	7.53	-10.45	-26.16	-2.6	4.31
Free Cash Flow	848.65	864.45	860.55	737.83	801.25
Free Cash Flow Growth	-1.83%	0.45%	16.63%	-7.92%	26.74%
Free Cash Flow Margin	21.08%	22.32%	22.72%	18.82%	21.55%
Free Cash Flow Per Share	41.05	40.55	39.17	32.48	34.16
Cash Interest Paid	66.63	75.94	75.62	52.31	41.34
Cash Income Tax Paid	180.85	209.37	178.26	114.04	152.66
Levered Free Cash Flow	687.08	723.88	731.64	580.93	667.36
Unlevered Free Cash Flow	729.9	770.52	779.99	615.55	694.39
Change in Working Capital	-65.33	-9.8	51.38	-172.64	4.4

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

SEC Filings: 10-K · 10-Q