Ally Financial Inc. (ALLY) Cash Flow Statement
Where ALLY’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $3.63B −19.9% vs 2024
- Capital expenditures
- $4.28B 35.2% of revenue
- Free cash flow
- −$647.0M −5.3% margin
- Returned to shareholders
- $548.0M
- Change in cash
- −$1.62B cash at year-end $2.99B
Drawn to scale: where the cash came from and how it was used. Hover for values.
ALLY operating cash flow, capex and free cash flow
ALLY cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $4.57B2016 | $3.63B2025 | −2.5%/yr | |
| Capital expenditures | $3.27B2016 | $4.28B2025 | +3.0%/yr | |
| Free cash flow | $1.29B2016 | −$647.0M2025 | — | |
| Free cash flow margin | 13.2%2016 | −5.3%2025 | −18.5 pts | |
| Operating cash flow / net income | 4.282016 | 4.262025 | −0.02 | |
| Stock-based compensation | $54.0M2016 | $127.0M2023 | +13.0%/yr | |
| Dividends paid | $108.0M2016 | $489.0M2025 | +18.3%/yr | |
| Share buybacks (net) | $1.04B2016 | $59.0M2025 | −27.3%/yr | |
| Capex / revenue | 33.4%2016 | 35.2%2025 | +1.8 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ALLY cash flow by activity
ALLY 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).
ALLY cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $852.0M | $668.0M | $957.0M | $1.71B | $3.06B | $1.08B | $1.72B | $1.26B | $929.0M | $1.07B |
| Depreciation & amortization | $1.40B | $1.20B | $1.23B | $1.33B | $1.26B | $1.55B | $1.55B | $1.65B | $1.86B | $2.38B |
| Stock-based compensation | — | — | $127.0M | $100.0M | $140.0M | $80.0M | $67.0M | $72.0M | $60.0M | $54.0M |
| Change in working capital | −$799.0M | $60.0M | $11.0M | $1.87B | −$136.0M | −$32.0M | $41.0M | $362.0M | $417.0M | $298.0M |
| Other non-cash items | $2.18B | $2.60B | $2.23B | $1.23B | −$283.0M | $1.06B | $672.0M | $804.0M | $814.0M | $766.0M |
| Cash from operating activities | $3.63B | $4.53B | $4.56B | $6.25B | $4.04B | $3.74B | $4.05B | $4.15B | $4.08B | $4.57B |
| Investing activities | ||||||||||
| Capital expenditures | −$4.28B | −$3.46B | −$2.76B | −$3.53B | −$5.12B | −$4.32B | −$4.02B | −$3.71B | −$4.05B | −$3.27B |
| Investments (net) | $577.0M | $4.99B | −$7.29B | −$8.63B | −$11.39B | −$5.12B | −$6.58B | −$9.83B | −$8.77B | −$2.34B |
| Acquisitions & other investing | −$1.47B | $3.46B | $2.87B | −$5.10B | $5.41B | $17.87B | $6.83B | −$966.0M | $4.10B | −$3.46B |
| Cash from investing activities | −$5.16B | $4.99B | −$7.18B | −$17.26B | −$11.10B | $8.43B | −$3.77B | −$14.51B | −$8.73B | −$9.07B |
| Financing activities | ||||||||||
| Dividends paid | −$489.0M | −$482.0M | −$478.0M | −$494.0M | −$381.0M | −$289.0M | −$273.0M | −$242.0M | −$184.0M | −$108.0M |
| Share repurchases & issuance (net) | −$59.0M | −$38.0M | −$33.0M | −$1.65B | −$4.70B | −$106.0M | −$1.04B | −$939.0M | −$753.0M | −$1.04B |
| Net borrowing (repayment) | $2.56B | −$1.82B | $2.01B | $3.06B | −$5.21B | −$15.84B | −$14.77B | −$965.0M | −$11.20B | −$7.69B |
| Shares issued | $0 | $0 | $0 | $0 | $2.32B | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$58.0M | −$3.23B | $2.34B | $10.66B | $4.12B | $16.26B | $14.55B | $12.87B | $14.17B | $12.51B |
| Cash from financing activities | $1.96B | −$5.57B | $3.84B | $11.57B | −$3.85B | $25.0M | −$1.53B | $10.72B | $2.03B | $3.67B |
| Summary | ||||||||||
| Net change in cash | −$1.62B | $3.94B | $1.22B | $552.0M | −$10.90B | $12.19B | −$1.25B | $357.0M | −$2.61B | −$832.0M |
| Cash at end of period | $2.99B | $11.38B | $7.44B | $6.22B | $5.67B | $16.57B | $4.38B | $5.63B | $5.27B | $7.88B |
| Free cash flow | −$647.0M | $1.07B | $1.80B | $2.71B | −$1.08B | −$581.0M | $27.0M | $441.0M | $27.0M | $1.29B |
| Free cash flow margin | −5.3% | 6.5% | 11.3% | 29.1% | −12.1% | −7.6% | 0.2% | 4.2% | 0.3% | 13.2% |
| Capex / revenue | 35.2% | 21.1% | 17.3% | 37.8% | 57.5% | 56.6% | 34.8% | 35.6% | 41.1% | 33.4% |
| Operating cash flow / net income | 4.26 | 6.78 | 4.76 | 3.64 | 1.32 | 3.45 | 2.36 | 3.29 | 4.39 | 4.28 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $410.0M | $319.0M | $327.0M | $398.0M | $352.0M | −$225.0M | −$140.0M | $357.0M | $308.0M | $143.0M | $76.0M | −$6.0M |
| Depreciation & amortization | $378.0M | $378.0M | $369.0M | $338.0M | $329.0M | $361.0M | $269.0M | $314.0M | $306.0M | $310.0M | $324.0M | $15.0M |
| Stock-based compensation | $20.0M | $26.0M | — | — | — | — | — | — | — | — | $127.0M | — |
| Change in working capital | $287.0M | $224.0M | −$383.0M | $123.0M | −$140.0M | −$243.0M | −$166.0M | −$456.0M | $288.0M | $394.0M | −$1.10B | $2.88B |
| Other non-cash items | −$420.0M | $424.0M | $339.0M | $343.0M | $406.0M | $1.05B | $657.0M | $777.0M | $748.0M | $419.0M | $556.0M | −$2.88B |
| Cash from operating activities | $675.0M | $1.37B | $652.0M | $1.20B | $947.0M | $940.0M | $620.0M | $992.0M | $1.65B | $1.27B | −$17.0M | $9.0M |
| Investing activities | ||||||||||||
| Capital expenditures | −$1.43B | −$705.0M | −$891.0M | −$1.48B | −$1.08B | −$819.0M | −$917.0M | −$934.0M | −$900.0M | −$709.0M | −$585.0M | −$2.17B |
| Investments (net) | −$130.0M | −$49.0M | −$109.0M | −$2.38B | $2.91B | −$1.34B | $1.54B | $1.06B | −$1.11B | $3.50B | −$3.07B | $532.0M |
| Acquisitions & other investing | −$3.04B | −$2.29B | −$3.46B | $1.48B | $1.08B | $819.0M | $917.0M | $934.0M | $825.0M | $784.0M | $585.0M | −$2.57B |
| Cash from investing activities | −$4.60B | −$3.04B | −$4.46B | −$2.38B | $2.91B | −$1.34B | $1.54B | $1.06B | −$1.18B | $3.58B | −$3.07B | −$4.21B |
| Financing activities | ||||||||||||
| Dividends paid | −$120.0M | −$130.0M | −$121.0M | −$120.0M | −$120.0M | −$128.0M | −$119.0M | −$119.0M | −$119.0M | −$125.0M | −$118.0M | −$235.0M |
| Share repurchases & issuance (net) | −$148.0M | −$147.0M | −$23.0M | −$1.0M | −$1.0M | −$34.0M | −$7.0M | −$1.0M | −$1.0M | −$29.0M | −$4.0M | −$29.0M |
| Net borrowing (repayment) | $1.47B | −$312.0M | $1.12B | $874.0M | −$92.0M | $664.0M | $524.0M | −$542.0M | — | — | — | $153.0M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$48.0M | $1.68B | $3.04B | $527.0M | −$3.56B | −$64.0M | −$470.0M | −$212.0M | −$862.0M | −$3.48B | $1.53B | −$124.0M |
| Cash from financing activities | $1.15B | $1.09B | $4.01B | $1.28B | −$3.77B | $438.0M | −$72.0M | −$874.0M | −$982.0M | −$3.64B | $1.41B | −$235.0M |
| Summary | ||||||||||||
| Net change in cash | −$2.77B | −$580.0M | −$11.60B | $96.0M | $91.0M | $37.0M | $2.08B | $1.18B | −$516.0M | $1.20B | −$1.68B | −$226.0M |
| Cash at end of period | $8.46B | $11.23B | $11.81B | $11.60B | $11.51B | $11.42B | $11.38B | $9.30B | $8.12B | $8.64B | $7.44B | −$226.0M |
| Free cash flow | −$754.0M | $666.0M | −$239.0M | −$282.0M | −$134.0M | $121.0M | −$297.0M | $58.0M | $750.0M | $557.0M | −$602.0M | $9.0M |
| Free cash flow margin | −18.5% | 17.1% | −6.1% | −7.1% | −3.5% | 3.5% | −7.4% | 1.4% | 18.6% | 13.5% | −14.3% | 0.2% |
| Capex / revenue | 35.2% | 18.1% | 22.6% | 37.6% | 27.9% | 23.9% | 22.7% | 22.3% | 22.3% | 17.2% | 13.9% | 54.1% |
| Operating cash flow / net income | 1.65 | 4.30 | 1.99 | 3.02 | 2.69 | — | — | 2.78 | 5.36 | 8.85 | −0.22 | — |
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.
ALLY cash generation
In fiscal 2025 (ended December 31, 2025), Ally Financial generated $3.6 billion of cash from operations (down 19.9%) and spent $4.3 billion on capital expenditures, leaving free cash flow of -$647.0 million, −5.3% of revenue. It returned $548.0 million to shareholders through dividends ($489.0 million) and net share buybacks ($59.0 million). Cash and equivalents fell by $1.6 billion over the year.
Related: ALLY income statement, ALLY balance sheet, ALLY dividend history. See the ALLY stock overview for the latest quote and news.
ALLY cash flow FAQ
What is Ally Financial's free cash flow?
Ally Financial's free cash flow was -$647.0 million in fiscal 2025: $3.6 billion of operating cash flow minus $4.3 billion of capital expenditures It was $1.1 billion a year earlier..
How much cash does Ally Financial generate from operations?
Ally Financial generated $3.6 billion of cash from operating activities in fiscal 2025, 4.26 times its net income of $852.0 million.
How much does Ally Financial spend on capital expenditures?
Ally Financial spent $4.3 billion on capital expenditures in fiscal 2025, 35.2% of revenue, compared with $3.5 billion the year before.
How much stock does Ally Financial buy back?
Ally Financial spent $59.0 million on net share repurchases in fiscal 2025.
How much does Ally Financial pay in dividends?
Ally Financial paid $489.0 million in dividends in fiscal 2025.