Caterpillar Inc. Cash Flow Statement
CAT / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
Caterpillar Inc. generated $11.7B in operating cash flow and $8.9B in free cash flow in FY2025. Free cash flow margin was 13.2% of revenue.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 44.9%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $8.9B | $10.8B | $10.3B | $6.7B | $6.5B | $3.0B | $759.0M | -$59.0M | $759.0M | -$59.0M | $2.5B | $2.5B | $3.8B | $2.8B | $5.0B |
| Depreciation & Amortization | $2.3B | $2.0B | $2.1B | $2.2B | $2.4B | $2.4B | $2.9B | $3.0B | $2.9B | $3.0B | $3.0B | $3.2B | $3.1B | $2.3B | $2.5B |
| Operating Cash Flow | $11.7B | $12.0B | $12.9B | $7.8B | $7.2B | $6.3B | $5.7B | $5.6B | $5.7B | $5.6B | $6.7B | $8.1B | $10.2B | $5.0B | $7.0B |
| Capital Expenditures | $2.8B | $2.0B | $1.6B | $1.3B | $1.1B | $978.0M | $898.0M | $1.1B | $898.0M | $1.1B | $1.4B | $1.5B | $2.5B | $1.6B | $2.5B |
| Free Cash Flow | $8.9B | $10.0B | $11.3B | $6.5B | $6.1B | $5.3B | $4.8B | $4.5B | $4.8B | $4.5B | $5.3B | $6.5B | $7.7B | $3.4B | $4.4B |
| Share Buybacks | $5.2B | $7.7B | $5.0B | $4.2B | $2.7B | $1.1B | $0 | $0 | $0 | $0 | $2.0B | $4.2B | $1.0B | - | $0 |
| Dividends Paid | $2.7B | $2.6B | $2.6B | $2.4B | $2.3B | $2.2B | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B | $1.6B | $1.1B | $1.1B | $1.2B |
| FCF Margin | 13.2% | 15.5% | 16.8% | 10.9% | 12.0% | 12.8% | 10.6% | 11.8% | 10.6% | 11.8% | 11.3% | 11.8% | 13.8% | 8.1% | 7.4% |