CATERPILLAR INC. — Cash Flow Charts
8 quarters of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Cash Flow
Cash Flow by Activity
Operating Cash Flow↑+5.8% +$198M
$3.59B
Free Cash Flow↑+0.1% +$3M
$2.69B
Investing Cash Flow↓-118.3% -$1.13B
$-175M
Financing Cash Flow
$751M
Capex↑+27.7% +$195M
$898M
Acquisitions↑+950.0% +$19M
$21M
Stock Buybacks↓-46.9% -$300M
$340M
Dividends Paid↑+3.8% +$26M
$706M
Stock-Based Comp↑+2.3% +$1M
$45M
D&A↑+7.7% +$43M
$598M
SBC Allocated Expense↓-23.1% -$12M
$40M
SBC Unrecognized Cost↑+1.9% +$6M
$324M