Zoetis Inc. (ZTS)

Zoetis Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	2,612	2,486	2,344	2,114	2,037	1,638
Depreciation & Amortization	425	436	416	396	396	395
Other Amortization	61	61	75	69	52	46
Loss (Gain) From Sale of Assets	4	23	-118	-	-	-19
Asset Writedown & Restructuring Costs	51	31	46	53	47	43
Stock-Based Compensation	76	74	60	62	58	59
Other Operating Activities	-107	-237	42	-83	-34	49
Change in Accounts Receivable	-143	-61	-102	-137	-155	74
Change in Inventory	-93	-40	-361	-486	-366	-346
Change in Accounts Payable	35	31	13	-29	-17	147
Change in Other Net Operating Assets	8	149	-62	-47	195	40
Operating Cash Flow	2,929	2,953	2,353	1,912	2,213	2,126
Operating Cash Flow Growth	7.76%	25.50%	23.06%	-13.60%	4.09%	18.44%
Capital Expenditures	-710	-655	-732	-586	-477	-453
Sale of Property, Plant & Equipment	-	1	4	1	2	21
Cash Acquisitions	-10	-8	-155	-312	-14	-113
Divestitures	289	293	96	-	-	-
Investment in Securities	-5	-5	-4	-9	-12	-
Other Investing Activities	-38	59	14	23	43	-27
Investing Cash Flow	-474	-315	-777	-883	-458	-572
Short-Term Debt Issued	-	-	1	2	-	4
Long-Term Debt Issued	-	-	-	1,348	-	1,240
Total Debt Issued	-	-	1	1,350	-	1,244
Short-Term Debt Repaid	-	-3	-	-	-4	-
Long-Term Debt Repaid	-	-	-1,350	-	-600	-500
Total Debt Repaid	-	-3	-1,350	-	-604	-500
Net Debt Issued (Repaid)	-	-3	-1,349	1,350	-604	744
Issuance of Common Stock	-	-	27	-	-	20
Repurchase of Common Stock	-1,775	-1,866	-1,092	-1,632	-778	-250
Common Dividends Paid	-838	-786	-692	-611	-474	-380
Other Financing Activities	-1	-5	-3	-11	-6	-11
Financing Cash Flow	-2,614	-2,660	-3,109	-904	-1,862	123
Foreign Exchange Rate Adjustments	20	-32	-7	-29	-12	-7
Net Cash Flow	-139	-54	-1,540	96	-119	1,670
Free Cash Flow	2,219	2,298	1,621	1,326	1,736	1,673
Free Cash Flow Growth	5.52%	41.76%	22.25%	-23.62%	3.77%	25.32%
Free Cash Flow Margin	23.64%	24.83%	18.97%	16.41%	22.32%	25.06%
Free Cash Flow Per Share	4.94	5.05	3.51	2.82	3.64	3.50
Cash Interest Paid	273	274	295	242	253	257
Cash Income Tax Paid	886	892	754	638	548	418
Levered Free Cash Flow	2,286	2,372	1,278	1,174	1,457	1,383
Unlevered Free Cash Flow	2,421	2,513	1,427	1,312	1,597	1,527
Change in Working Capital	-193	79	-512	-699	-343	-85

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q