Gilead Sciences, Inc. (GILD) 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 | 2.54B | 3.33B | 4.11B | 827M | 1.76B | 2.98B | 4.31B | 1.32B | 2.22B | 2.17B | 1.75B | 2.34B | 1.74B | 2.57B | 2.86B | 1.8B | 1.84B | 3.21B | 3.25B | 2.32B |
| Operating CF Margin % | 36.55% | 41.99% | 52.88% | 11.68% | 26.35% | 39.31% | 57.11% | 19.06% | 33.19% | 30.49% | 24.89% | 35.43% | 27.46% | 34.74% | 40.66% | 28.79% | 27.92% | 44.24% | 43.84% | 37.25% |
| Operating CF Growth % | 44.79% | 11.83% | -4.66% | -37.58% | -20.82% | 37.16% | 145.53% | -43.33% | 27.24% | -15.5% | -38.7% | 29.74% | -5.22% | -19.91% | -11.99% | -22.19% | -29.5% | 67.28% | 44.58% | -9.74% |
| Net Income | 2.02B | 2.18B | 3.05B | 1.96B | 1.31B | 1.78B | 1.25B | 1.61B | -4.17B | 1.42B | 2.17B | 1.04B | 985M | 1.63B | 1.79B | 1.14B | 12M | 376M | 2.59B | 1.52B |
| Depreciation & Amortization | 689M | 666M | 686M | 691M | 696M | 693M | 690M | 694M | 690M | 688M | 684M | 681M | 640M | 528M | 525M | 525M | 525M | 535M | 523M | 519M |
| Stock-Based Compensation | 0 | 0 | 230M | 225M | 209M | 222M | 216M | 210M | 187M | 201M | 202M | 198M | 165M | 174M | 168M | 165M | 130M | 159M | 171M | 166M |
| Deferred Taxes | 179M | -122M | 659M | -178M | -199M | -379M | -576M | -166M | -723M | -370M | -68M | -221M | -303M | -338M | -270M | -293M | -651M | -359M | 240M | -68M |
| Other Non-Cash Items | 366M | 1.2B | -222M | 143M | 769M | 173M | 2.08B | 519M | 6.69B | 776M | 314M | 310M | 799M | 453M | 771M | 871M | 2.99B | 680M | 186M | 645M |
| Working Capital Changes | -711M | -604M | -297M | -2.01B | -1.03B | 483M | 642M | -1.55B | -459M | -543M | -1.55B | 331M | -542M | 117M | -117M | -601M | -1.16B | 1.81B | -453M | -463M |
| Change in Receivables | 134M | 179M | -333M | -292M | 79M | 72M | 162M | -29M | -66M | 220M | -612M | -86M | 635M | -281M | -372M | -452M | 699M | 41M | -422M | -281M |
| Change in Inventory | -52M | -123M | -515M | -175M | -223M | -226M | -85M | -70M | -45M | -307M | -82M | -226M | -227M | -276M | -95M | 8M | 53M | 35M | 70M | -25M |
| Change in Payables | -67M | -95M | 230M | -162M | -105M | -58M | 359M | -83M | 72M | -43M | -29M | -3M | -272M | 264M | 66M | -13M | -91M | 124M | -20M | 31M |
| Cash from Investing | 1.77B | -1.83B | -427M | -2.12B | -415M | -225M | -710M | -307M | -2.21B | -727M | -229M | -483M | -826M | -375M | -713M | -308M | -1.07B | -278M | -234M | -577M |
| Capital Expenditures | -117M | -205M | -147M | -107M | -104M | -147M | -141M | -130M | -105M | -215M | -122M | -139M | -109M | -181M | -157M | -143M | -247M | -156M | -139M | -119M |
| CapEx % of Revenue | 1.68% | 2.59% | 1.89% | 1.51% | 1.56% | 1.94% | 1.87% | 1.87% | 1.57% | 3.02% | 1.73% | 2.11% | 1.72% | 2.45% | 2.23% | 2.28% | 3.75% | 2.15% | 1.87% | 1.91% |
| Acquisitions | -109M | -609M | -167M | -21M | -273M | -75M | -570M | -152M | -4.04B | -279M | -79M | -243M | -551M | -218M | -448M | -324M | -807M | -1M | -83M | -202M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -16M | 12M | 3M | 10M | -22M | 36M | 10M | 9M | 3M | 0 | 6M | -1M | -5M | 2M | -2M | -1M | 0 | -43M | 19M | 91M |
| Cash from Financing | -4.24B | -1.26B | -1.49B | -1.57B | -3.43B | 2.26B | -1.38B | -2.95B | -1.36B | -1.1B | -1.52B | -1.1B | -1.41B | -1.55B | -2.12B | -1B | -1.79B | -1.94B | -3.53B | -931M |
| Debt Issued (Net) | -2.77B | -8M | -9M | -9M | -1.76B | 3.46B | -112M | -1.85B | 0 | 1M | -271M | 0 | 0 | 0 | -1B | 0 | -500M | -1B | -2.5B | 0 |
| Equity Issued (Net) | -253M | -198M | -338M | -500M | -478M | -177M | -202M | -95M | -254M | -124M | -217M | -124M | -303M | -616M | -144M | -69M | -258M | -37M | -88M | -31M |
| Dividends Paid | -1.04B | -994M | -1B | -994M | -1.01B | -973M | -983M | -972M | -990M | -943M | -953M | -944M | -969M | -915M | -929M | -920M | -945M | -894M | -900M | -894M |
| Share Repurchases | -419M | -230M | -435M | -527M | -730M | -350M | -300M | -100M | -400M | -150M | -300M | -150M | -400M | -792M | -180M | -72M | -352M | -49M | -145M | -43M |
| Other Financing | -180M | -63M | -137M | -64M | -176M | -47M | -82M | -35M | -117M | -33M | -78M | -33M | -134M | -23M | -45M | -14M | -91M | -11M | -39M | -6M |
| Net Change in Cash | 64M | 234M | 2.19B | -2.78B | -2.06B | 4.95B | 2.27B | -1.95B | -1.37B | 380M | 1M | 768M | -476M | 713M | -40M | 443M | -1.04B | 976M | -531M | 828M |
| Free Cash Flow | 2.43B | 3.12B | 3.96B | 720M | 1.65B | 2.83B | 4.17B | 1.2B | 2.11B | 1.95B | 1.63B | 2.2B | 1.64B | 2.39B | 2.71B | 1.66B | 1.59B | 3.05B | 3.11B | 2.2B |
| FCF Margin % | 34.87% | 39.39% | 50.98% | 10.17% | 24.79% | 37.36% | 55.24% | 17.19% | 31.62% | 27.47% | 23.16% | 33.32% | 25.74% | 32.29% | 38.43% | 26.5% | 24.17% | 42.09% | 41.96% | 35.34% |
| FCF Growth % | 46.82% | 10.36% | -4.97% | -39.75% | -21.81% | 44.73% | 155.24% | -45.66% | 29.3% | -18.11% | -39.65% | 32.55% | 2.64% | -21.74% | -13.1% | -24.49% | -34.85% | 75.73% | 48.64% | -9.33% |
| FCF per Share | 1.94 | 2.49 | 3.16 | 0.57 | 1.31 | 2.25 | 3.32 | 0.96 | 1.70 | 1.56 | 1.30 | 1.75 | 1.30 | 1.89 | 2.15 | 1.32 | 1.26 | 2.42 | 2.47 | 1.74 |
| FCF Conversion (FCF/Net Income) | 1.26x | 1.52x | 1.35x | 0.42x | 1.34x | 1.67x | 3.44x | 0.82x | -0.53x | 1.52x | 0.81x | 2.24x | 1.73x | 1.57x | 1.60x | 1.58x | 96.84x | 8.39x | 1.26x | 1.52x |
| 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 |