CNH Industrial N.V. (CNH) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 35M | 945M | 659M | 772M | 162M | 1.69B | 791M | 379M | -894M | 1.51B | 232M | -139M | -701M | 1.44B | 272M | -271M | -887M | 2.19B | 521M | 999M |
| Operating CF Margin % | 0.91% | 18.32% | 14.98% | 16.39% | 4.23% | 34.7% | 17% | 6.91% | -18.56% | 22.31% | 3.88% | -2.12% | -13.12% | 20.78% | 4.63% | -4.46% | -19.1% | 24.14% | 10.98% | 11.21% |
| Operating CF Growth % | -78.4% | -44.15% | -16.69% | 103.69% | 118.12% | 11.68% | 240.95% | 372.66% | -27.53% | 4.99% | -14.71% | 48.71% | 20.97% | -34.11% | -47.79% | -127.13% | -338.44% | -20.82% | -76.62% | -43.46% |
| Net Income | 10M | 86M | 67M | 217M | 132M | 176M | 310M | 404M | 369M | 617M | 508M | 710M | 486M | 592M | 559M | 552M | 336M | 307M | 460M | 514M |
| Depreciation & Amortization | 166M | 0 | 159M | 156M | 150M | 151M | 155M | 151M | 148M | 148M | 146M | 138M | 132M | 128M | 135M | 135M | 137M | 291M | 131M | 136M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -16M | -198M | 9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -125M | 440M | 188M | 133M | 61M | 77M | 127M | 112M | 13M | -60M | 42M | 5M | 47M | -31M | 24M | 25M | 67M | 74M | -142M | 449M |
| Working Capital Changes | 0 | 617M | 236M | 266M | -181M | 1.29B | 199M | -288M | -1.42B | 810M | -464M | -992M | -1.37B | 754M | -446M | -983M | -1.43B | 1.52B | 72M | -100M |
| Change in Receivables | 319M | -240M | 505M | 92M | 351M | 533M | 618M | -114M | -22M | -666M | -222M | -1.02B | -355M | -1.17B | -316M | -868M | -95M | -208M | 498M | -412M |
| Change in Inventory | -566M | 841M | -41M | 141M | -192M | 1.04B | 239M | 186M | -681M | 1.18B | -64M | -322M | -1.06B | 970M | 43M | -179M | -985M | 706M | -218M | -98M |
| Change in Payables | 0 | -37M | -153M | 115M | -123M | 31M | -579M | -306M | -332M | -56M | -303M | 30M | 172M | 245M | -176M | 26M | 30M | 633M | -150M | 173M |
| Cash from Investing | 54M | -292M | -466M | -342M | -280M | -995M | -848M | -510M | -419M | -1.66B | -795M | -498M | -749M | -1.42B | -590M | -21M | -979M | -3.42B | -821M | -575M |
| Capital Expenditures | -93M | -412M | 186M | -252M | -264M | -475M | -291M | -218M | -202M | -410M | -324M | -264M | -197M | -386M | -222M | -214M | -124M | -781M | -208M | -441M |
| CapEx % of Revenue | 2.43% | 7.99% | 4.23% | 5.35% | 6.89% | 9.74% | 6.25% | 3.97% | 4.19% | 6.04% | 5.41% | 4.02% | 3.69% | 5.56% | 3.77% | 3.52% | 2.67% | 8.61% | 4.38% | 4.95% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 147M | 120M | -652M | -90M | -16M | -520M | -557M | -292M | -217M | -1.25B | -471M | -234M | -552M | -1.03B | -368M | 193M | -855M | -2.63B | -613M | -134M |
| Cash from Financing | -990M | -386M | -373M | 161M | -1.42B | 929M | -176M | -1.14B | 319M | 1.39B | 370M | 534M | 303M | 1.16B | 730M | 7M | 65M | 247M | -211M | 113M |
| Debt Issued (Net) | 0 | 7.77B | 1.67B | 613M | -155M | 773M | 493M | -835M | 1.23B | 685M | 109M | 968M | -45M | 966M | 670M | 397M | -73M | -10M | -24M | 237M |
| Equity Issued (Net) | 0 | 0 | -55M | 5M | -5M | -13M | -48M | -60M | -581M | -428M | -55M | -98M | -71M | 0 | -76M | -20M | -20M | 0 | 0 | 0 |
| Dividends Paid | -1M | -11M | -1M | -320M | -1M | -7M | -6M | -593M | -1M | -7M | -2M | -528M | -1M | -7M | -1M | -414M | -1M | -4M | -1M | -182M |
| Share Repurchases | 0 | 0 | -55M | 5M | -5M | -13M | -48M | -60M | -581M | -428M | -55M | -98M | -71M | 0 | -76M | -20M | -20M | 0 | 0 | 0 |
| Other Financing | -989M | -8.15B | -1.99B | -137M | -1.26B | 176M | -615M | 349M | -326M | 1.14B | 318M | 192M | 420M | 203M | 137M | 44M | 159M | 261M | -186M | 58M |
| Net Change in Cash | -890M | 273M | -191M | 749M | -1.47B | 1.42B | -197M | -1.31B | -1.09B | 1.36B | -240M | -80M | -1.12B | 1.31B | 230M | -477M | -1.78B | -1.05B | -670M | 617M |
| Free Cash Flow | -58M | 533M | 845M | 520M | -102M | 1.22B | 500M | 161M | -1.1B | 1.1B | -92M | -403M | -898M | 1.06B | 50M | -485M | -1.06B | 1.41B | 313M | 822M |
| FCF Margin % | -1.52% | 10.33% | 19.21% | 11.04% | -2.66% | 24.96% | 10.74% | 2.93% | -22.75% | 16.27% | -1.54% | -6.14% | -16.81% | 15.22% | 0.85% | -7.97% | -22.91% | 15.53% | 6.59% | 9.22% |
| FCF Growth % | 43.14% | -56.2% | 69% | 222.98% | 90.69% | 10.14% | 643.48% | 139.95% | -22.05% | 4.54% | -284% | 16.91% | 15.6% | -24.98% | -84.03% | -159% | -611.54% | -26.08% | -83.1% | -36.53% |
| FCF per Share | -0.05 | 0.43 | 0.67 | 0.42 | -0.08 | 0.97 | 0.40 | 0.13 | -0.86 | 0.83 | -0.07 | -0.30 | -0.66 | 0.78 | 0.04 | -0.36 | -0.78 | 1.04 | 0.23 | 0.60 |
| FCF Conversion (FCF/Net Income) | 5.00x | 10.99x | 8.24x | 3.62x | 1.24x | 9.78x | 2.58x | 0.95x | -2.43x | 2.46x | 0.43x | -0.20x | -1.45x | 2.44x | 0.49x | -0.49x | -2.66x | 7.25x | 1.61x | 1.45x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |