Eli Lilly and Company (LLY) 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 | 5.33B | 3.22B | 8.84B | 3.09B | 1.67B | 2.47B | 3.71B | 1.47B | 1.17B | -311.9M | 2.19B | 631.9M | 1.73B | 1.58B | 2.22B | 1.18B | 2.52B | 2.16B | 1.63B | 1.78B |
| Operating CF Margin % | 26.94% | 16.71% | 50.2% | 19.84% | 13.09% | 18.28% | 32.45% | 12.97% | 13.3% | -3.33% | 23.05% | 7.6% | 24.86% | 21.63% | 31.93% | 18.24% | 32.3% | 26.96% | 24.09% | 26.34% |
| Operating CF Growth % | 220.18% | 30.35% | 138.04% | 110.54% | 42.85% | 893.14% | 69.53% | 132.03% | -32.62% | -119.74% | -1.23% | -46.6% | -31.41% | -26.75% | 35.89% | -33.35% | 48.64% | 18.8% | -9.7% | -28.85% |
| Net Income | 7.4B | 6.64B | 5.58B | 5.66B | 2.76B | 4.41B | 970.3M | 2.97B | 2.24B | 2.19B | -57.4M | 1.76B | 1.34B | 1.94B | 1.45B | 952.5M | 1.9B | 1.73B | 1.11B | 1.39B |
| Depreciation & Amortization | 509M | 585.7M | 470M | 478.5M | 462.8M | 484.8M | 466.8M | 414.4M | 400.6M | 387.7M | 411M | 366.3M | 362.3M | 375M | 362.9M | 348.9M | 435.7M | 445.7M | 382.3M | 369.3M |
| Stock-Based Compensation | 161M | 136.1M | 151.1M | 185.1M | 153.7M | 141.9M | 133.2M | 211.1M | 159.4M | 120.2M | 215.6M | 161.5M | 131.2M | 92.9M | 85.1M | 92.1M | 101M | 75.3M | 90.1M | 91.9M |
| Deferred Taxes | -1.48B | -748.1M | 501.4M | -1.07B | -391.6M | -966.7M | -429.8M | -1.01B | -279M | -506.2M | -844.3M | -431.1M | -559.4M | 10.4M | -1.07B | -618.4M | -506.6M | -92.5M | -296M | -294.7M |
| Other Non-Cash Items | 409M | 287.3M | 922.7M | 94.4M | 2.05B | 628.9M | 2.58B | 280.4M | 393.3M | 669M | 1.67B | -387.8M | 287.5M | -300K | 460M | 478.1M | 624.3M | 476.4M | 1.01B | -2.4M |
| Working Capital Changes | -1.66B | -3.67B | 1.21B | -2.26B | -3.36B | -2.22B | -9.8M | -1.4B | -1.75B | -3.17B | 793.3M | -840.2M | 164.1M | -836M | 927.6M | -69.9M | -34.3M | -474.5M | -666.5M | 221.2M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -3.92B | -2.8B | -2.98B | -1.83B | -3.35B | -1.92B | -4B | -2.2B | -1.18B | -2.92B | -3.08B | -459.1M | -688.8M | -860.5M | -955.3M | -826.5M | -1.04B | -379M | -616.5M | -483.3M |
| Capital Expenditures | -2.33B | -2.55B | -2.09B | -1.7B | -1.51B | -1.5B | -1.17B | -1.4B | -986.3M | -1.07B | -970.3M | -738.2M | -668.5M | -500.7M | -617.2M | -371M | -365.4M | -291.4M | -336.8M | -381.3M |
| CapEx % of Revenue | 11.75% | 13.2% | 11.86% | 10.91% | 11.86% | 11.05% | 10.25% | 12.41% | 11.25% | 11.45% | 10.22% | 8.88% | 9.6% | 6.86% | 8.89% | 5.72% | 4.68% | 3.64% | 4.97% | 5.66% |
| Acquisitions | -1.06B | -111.6M | -549.4M | 0 | 0 | 0 | 0 | -947.7M | 0 | -1.62B | 0 | 0 | 0 | -327.2M | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -235M | -148.9M | -751.5M | -170.9M | -1.72B | -339.6M | -2.64B | 95.6M | -161.7M | -22.8M | -2.09B | 358.7M | -194.7M | 7M | -191.9M | -420.5M | -649M | -75.8M | -172M | -77.6M |
| Cash from Financing | -3.47B | -2.88B | 531M | -1.24B | 1.38B | -225.4M | 211.3M | 1.56B | -311.3M | 3.54B | 572M | -1.03B | 412.3M | -1.14B | -1.26B | -123.7M | -2.88B | -1.53B | -463.2M | -1.08B |
| Debt Issued (Net) | 1.02B | -500K | 2.61B | 824.7M | 4.61B | 3.04B | 1.88B | 2.74B | 1.25B | 4.59B | 1.59B | 0 | 2.46B | -243.3M | -375.9M | 767.6M | -210.4M | -2.6M | 307.7M | 200M |
| Equity Issued (Net) | -2.36B | -1.51B | -708.1M | -692.2M | -1.2B | -2.05B | -446.1M | 0 | 0 | 0 | 0 | 0 | -750M | 0 | 0 | 0 | -1.5B | -750M | 0 | -500M |
| Dividends Paid | -1.55B | -1.35B | -1.35B | -1.35B | -1.35B | -1.17B | -1.17B | -1.17B | -1.17B | -1.02B | -1.02B | -1.02B | -1.02B | -884.4M | -882.2M | -883.7M | -885.5M | -773.3M | -770.4M | -768.3M |
| Share Repurchases | -2.36B | -1.51B | -708.1M | -692.2M | -1.2B | -2.05B | -446.1M | 0 | 0 | 0 | 0 | 0 | -750M | 0 | 0 | 0 | -1.5B | -750M | 0 | -500M |
| Other Financing | -591M | -25.1M | -30.2M | -30.4M | -686.3M | -45.5M | -47.3M | -8M | -389.8M | -31.6M | -6.8M | -15.6M | -281M | -13.7M | -5.2M | -7.6M | -282.4M | -600K | -500K | -14.9M |
| Net Change in Cash | -1.99B | -2.52B | 6.42B | 282.6M | -175.1M | -100.6M | 145.4M | 763.4M | -358.4M | 437.8M | -313.7M | -851.4M | 1.48B | -550.4M | -5.5M | 163.7M | -1.36B | 30.3M | 568.2M | 217.6M |
| Free Cash Flow | 3.01B | 677.9M | 8.61B | 1.28B | -1.6B | 726.6M | -458.9M | 63.4M | 179.7M | -1.96B | -1.81B | -204.4M | 827.1M | 1.02B | 1.56B | 369.7M | 1.64B | 1.76B | 1.18B | 1.24B |
| FCF Margin % | 15.19% | 3.51% | 48.93% | 8.25% | -12.58% | 5.37% | -4.01% | 0.56% | 2.05% | -20.99% | -19.07% | -2.46% | 11.88% | 14.03% | 22.54% | 5.7% | 21.02% | 22.03% | 17.36% | 18.46% |
| FCF Growth % | 287.83% | -6.7% | 1976.66% | 1923.66% | -990.87% | 137.01% | 74.67% | 131.02% | -78.27% | -291.68% | -215.79% | -155.29% | -49.63% | -41.89% | 33.08% | -70.29% | 36.23% | 76.99% | -15.51% | -36.91% |
| FCF per Share | 3.36 | 0.75 | 9.58 | 1.43 | -1.78 | 0.80 | -0.51 | 0.07 | 0.20 | -2.17 | -1.91 | -0.22 | 0.87 | 1.08 | 1.73 | 0.41 | 1.73 | 1.85 | 1.23 | 1.37 |
| FCF Conversion (FCF/Net Income) | 0.72x | 0.49x | 1.58x | 0.55x | 0.60x | 0.56x | 3.83x | 0.49x | 0.52x | -0.14x | -38.14x | 0.36x | 1.29x | 0.82x | 1.53x | 1.24x | 1.33x | 1.25x | 1.47x | 1.28x |
| 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 |