Agilent Technologies, Inc. (A) Cash Flow Statement
Where A’s cash came from and went, FY2025
October 31, 2025 · U.S. dollars- Cash from operations
- $1.56B −11.0% vs FY2024
- Capital expenditures
- $407.0M 5.9% of revenue
- Free cash flow
- $1.15B 16.6% margin
- Returned to shareholders
- $707.0M 61% of free cash flow
- Change in cash
- $459.0M cash at year-end $1.79B
Drawn to scale: where the cash came from and how it was used. Hover for values.
A operating cash flow, capex and free cash flow
A cash flow trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $793.0MFY2016 | $1.56BFY2025 | +7.8%/yr | |
| Capital expenditures | $139.0MFY2016 | $407.0MFY2025 | +12.7%/yr | |
| Free cash flow | $654.0MFY2016 | $1.15BFY2025 | +6.5%/yr | |
| Free cash flow margin | 15.6%FY2016 | 16.6%FY2025 | +1.0 pts | |
| Operating cash flow / net income | 1.72FY2016 | 3.59FY2025 | +1.87 | |
| Stock-based compensation | $58.0MFY2016 | $128.0MFY2025 | +9.2%/yr | |
| Dividends paid | $150.0MFY2016 | $282.0MFY2025 | +7.3%/yr | |
| Share buybacks (net) | $434.0MFY2016 | $425.0MFY2025 | −0.2%/yr | |
| Capex / revenue | 3.3%FY2016 | 5.9%FY2025 | +2.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
A cash flow by activity
A net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
A cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $434.0M | $1.29B | $1.24B | $1.25B | $1.21B | $719.0M | $1.07B | $316.0M | $684.0M | $460.0M |
| Depreciation & amortization | $288.0M | $257.0M | $271.0M | $317.0M | $321.0M | $308.0M | $238.0M | $210.0M | $212.0M | $246.0M |
| Stock-based compensation | $128.0M | $129.0M | $111.0M | $125.0M | $110.0M | $83.0M | $72.0M | $70.0M | $60.0M | $58.0M |
| Change in working capital | −$58.0M | $83.0M | −$116.0M | −$478.0M | −$88.0M | −$296.0M | −$388.0M | $471.0M | −$98.0M | −$40.0M |
| Other non-cash items | $767.0M | −$7.0M | $266.0M | $94.0M | −$68.0M | $107.0M | $28.0M | $20.0M | $31.0M | $69.0M |
| Cash from operating activities | $1.56B | $1.75B | $1.77B | $1.31B | $1.49B | $921.0M | $1.02B | $1.09B | $889.0M | $793.0M |
| Investing activities | ||||||||||
| Capital expenditures | −$407.0M | −$378.0M | −$298.0M | −$291.0M | −$189.0M | −$119.0M | −$156.0M | −$177.0M | −$176.0M | −$139.0M |
| Investments (net) | $8.0M | −$1.26B | −$310.0M | $9.0M | −$10.0M | −$29.0M | −$26.0M | −$2.0M | −$1.0M | −$238.0M |
| Acquisitions & other investing | $5.0M | $378.0M | $298.0M | −$56.0M | −$550.0M | $1.0M | −$1.41B | −$525.0M | −$128.0M | $139.0M |
| Cash from investing activities | −$394.0M | −$1.26B | −$310.0M | −$338.0M | −$749.0M | −$147.0M | −$1.59B | −$704.0M | −$305.0M | −$238.0M |
| Financing activities | ||||||||||
| Dividends paid | −$282.0M | −$274.0M | −$265.0M | −$250.0M | −$236.0M | −$222.0M | −$206.0M | −$191.0M | −$170.0M | −$150.0M |
| Share repurchases & issuance (net) | −$425.0M | −$1.15B | −$575.0M | −$1.14B | −$788.0M | −$469.0M | −$723.0M | −$422.0M | −$194.0M | −$434.0M |
| Net borrowing (repayment) | −$41.0M | $637.0M | −$35.0M | $26.0M | $356.0M | −$45.0M | $596.0M | −$210.0M | $110.0M | $262.0M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $33.0M | $35.0M | −$55.0M | −$9.0M | −$28.0M | $19.0M | $34.0M | $26.0M | $52.0M | $54.0M |
| Cash from financing activities | −$715.0M | −$752.0M | −$930.0M | −$1.37B | −$696.0M | −$717.0M | −$299.0M | −$797.0M | −$202.0M | −$268.0M |
| Summary | ||||||||||
| Net change in cash | $459.0M | −$261.0M | $537.0M | −$434.0M | $43.0M | $59.0M | −$866.0M | −$431.0M | $389.0M | $286.0M |
| Cash at end of period | $1.79B | $1.33B | $1.59B | $1.06B | $1.49B | $1.45B | $1.39B | $2.25B | $2.68B | $2.29B |
| Free cash flow | $1.15B | $1.37B | $1.47B | $1.02B | $1.30B | $802.0M | $865.0M | $910.0M | $713.0M | $654.0M |
| Free cash flow margin | 16.6% | 21.1% | 21.6% | 14.9% | 20.5% | 15.0% | 16.8% | 18.5% | 15.9% | 15.6% |
| Capex / revenue | 5.9% | 5.8% | 4.4% | 4.2% | 3.0% | 2.2% | 3.0% | 3.6% | 3.9% | 3.3% |
| Operating cash flow / net income | 3.59 | 1.36 | 1.43 | 1.05 | 1.23 | 1.28 | 0.95 | 3.44 | 1.30 | 1.72 |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $362.0M | $339.0M | $305.0M | $434.0M | $336.0M | $215.0M | $318.0M | $351.0M | $282.0M | $308.0M | $348.0M | $475.0M |
| Depreciation & amortization | $66.0M | $67.0M | $67.0M | $71.0M | $72.0M | $73.0M | $72.0M | $69.0M | $63.0M | $63.0M | $62.0M | $62.0M |
| Stock-based compensation | $32.0M | $32.0M | $41.0M | $26.0M | $32.0M | $30.0M | $40.0M | $26.0M | $28.0M | $32.0M | $44.0M | $14.0M |
| Change in working capital | $18.0M | −$211.0M | −$180.0M | $85.0M | −$82.0M | −$136.0M | $2.0M | $71.0M | $66.0M | −$75.0M | $21.0M | −$48.0M |
| Other non-cash items | $41.0M | $50.0M | $35.0M | −$71.0M | $4.0M | $39.0M | −$1.0M | −$36.0M | $13.0M | $5.0M | $10.0M | $13.0M |
| Cash from operating activities | $519.0M | $277.0M | $268.0M | $545.0M | $362.0M | $221.0M | $431.0M | $481.0M | $452.0M | $333.0M | $485.0M | $516.0M |
| Investing activities | ||||||||||||
| Capital expenditures | −$80.0M | −$93.0M | −$93.0M | −$93.0M | −$103.0M | −$114.0M | −$97.0M | −$93.0M | −$92.0M | −$103.0M | −$90.0M | −$84.0M |
| Investments (net) | — | — | — | $3.0M | −$96.0M | −$114.0M | −$94.0M | −$954.0M | −$100.0M | −$109.0M | −$95.0M | −$40.0M |
| Acquisitions & other investing | −$952.0M | $16.0M | $0 | $0 | $103.0M | $114.0M | $97.0M | $93.0M | $92.0M | $103.0M | $90.0M | $84.0M |
| Cash from investing activities | −$1.03B | −$77.0M | −$93.0M | −$90.0M | −$96.0M | −$114.0M | −$94.0M | −$954.0M | −$100.0M | −$109.0M | −$95.0M | −$40.0M |
| Financing activities | ||||||||||||
| Dividends paid | −$72.0M | −$72.0M | −$72.0M | −$70.0M | −$71.0M | −$70.0M | −$71.0M | −$68.0M | −$68.0M | −$69.0M | −$69.0M | −$66.0M |
| Share repurchases & issuance (net) | −$78.0M | −$65.0M | −$152.0M | −$85.0M | −$85.0M | −$165.0M | −$90.0M | −$335.0M | −$585.0M | −$230.0M | −$25.0M | −$80.0M |
| Net borrowing (repayment) | $597.0M | −$3.0M | −$2.0M | −$56.0M | −$88.0M | $130.0M | −$27.0M | $442.0M | $375.0M | — | — | −$55.0M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $24.0M | −$4.0M | $4.0M | $11.0M | $25.0M | −$11.0M | $8.0M | −$14.0M | $32.0M | $8.0M | −$146.0M | $0 |
| Cash from financing activities | $471.0M | −$144.0M | −$222.0M | −$200.0M | −$219.0M | −$116.0M | −$180.0M | $25.0M | −$246.0M | −$291.0M | −$240.0M | −$201.0M |
| Summary | ||||||||||||
| Net change in cash | −$49.0M | $49.0M | −$31.0M | $254.0M | $48.0M | $19.0M | $138.0M | −$450.0M | $108.0M | −$76.0M | $157.0M | $261.0M |
| Cash at end of period | $1.76B | $1.81B | $1.76B | $1.79B | $1.54B | $1.49B | $1.47B | $1.33B | $1.78B | $1.67B | $1.75B | $1.59B |
| Free cash flow | $439.0M | $370.0M | $175.0M | $452.0M | $259.0M | $107.0M | $334.0M | $388.0M | $360.0M | $230.0M | $395.0M | $432.0M |
| Free cash flow margin | 23.4% | 20.2% | 9.7% | 24.3% | 14.9% | 6.4% | 19.9% | 22.8% | 22.8% | 14.6% | 23.8% | 25.6% |
| Capex / revenue | 4.3% | 5.1% | 5.2% | 5.0% | 5.9% | 6.8% | 5.8% | 5.5% | 5.8% | 6.5% | 5.4% | 5.0% |
| Operating cash flow / net income | 1.43 | 0.82 | 0.88 | 1.26 | 1.08 | 1.03 | 1.36 | 1.37 | 1.60 | 1.08 | 1.39 | 1.09 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
A cash generation
In fiscal 2025 (ended October 31, 2025), Agilent generated $1.6 billion of cash from operations (down 11.0%) and spent $407.0 million on capital expenditures, leaving free cash flow of $1.2 billion, 16.6% of revenue. It returned $707.0 million to shareholders through dividends ($282.0 million) and net share buybacks ($425.0 million). Cash and equivalents rose by $459.0 million over the year.
Related: A income statement, A balance sheet, A dividend history. See the A stock overview for the latest quote and news.
A cash flow FAQ
What is Agilent's free cash flow?
Agilent's free cash flow was $1.2 billion in fiscal 2025: $1.6 billion of operating cash flow minus $407.0 million of capital expenditures It was $1.4 billion a year earlier..
How much cash does Agilent generate from operations?
Agilent generated $1.6 billion of cash from operating activities in fiscal 2025, 3.59 times its net income of $434.0 million.
How much does Agilent spend on capital expenditures?
Agilent spent $407.0 million on capital expenditures in fiscal 2025, 5.9% of revenue, compared with $378.0 million the year before.
How much stock does Agilent buy back?
Agilent spent $425.0 million on net share repurchases in fiscal 2025.
How much does Agilent pay in dividends?
Agilent paid $282.0 million in dividends in fiscal 2025, 24.5% of free cash flow.