Avery Dennison Corporation (AVY) quarterly cash flow statement — complete operating, investing & financing history
Avery Dennison Corporation (AVY) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | 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 |
|---|
| Cash from Operations | 298.8M | 408.2M | 136.5M | 376.8M | 312.1M | 208.8M | -16.3M | 351.2M | 270.1M | 197.7M | 119.8M | 311.9M | 322.6M | 189.6M | 1.9M | 345.8M | 220.8M | 268.2M | 126.2M | 284M |
| Operating CF Margin % | 12.82% | 16.57% | 5.94% | 16.59% | 14.09% | 9.4% | -0.76% | 16.07% | 12.37% | 8.84% | 5.57% | 14.78% | 15.37% | 9.07% | 0.09% | 17.07% | 9.53% | 11.43% | 5.37% | 13.01% |
| Operating CF Growth % | -4.26% | 95.5% | 937.42% | 7.29% | 15.55% | 5.61% | -113.61% | 12.6% | -16.27% | 4.27% | 6205.26% | -9.8% | 46.11% | -29.31% | -98.49% | 21.76% | -22.8% | 0.26% | -39.7% | -8.24% |
| Net Income | 169.7M | 204.1M | 168.1M | 166.4M | 166.3M | 189M | 166.3M | 174M | 181.7M | 176.8M | 172.4M | 143.1M | 138.3M | 100.4M | 121.2M | 122.9M | 221.5M | 214.5M | 198.2M | 182.7M |
| Depreciation & Amortization | 85.6M | 86.4M | 86.8M | 85.5M | 84M | 80.8M | 77.9M | 78.2M | 78.1M | 78.6M | 77.3M | 77M | 75.1M | 74M | 72.3M | 73.5M | 72M | 73.2M | 72M | 72.6M |
| Stock-Based Compensation | 10.1M | 6.4M | 5.8M | 5.2M | 8M | 6.8M | 7.9M | 4.5M | 6.8M | 9.9M | 7.5M | 4.9M | 5.2M | 1.7M | 10.5M | 12.9M | 10.6M | 12.8M | 11.1M | 10.1M |
| Deferred Taxes | -7.9M | 1.9M | -21.1M | -5.2M | -2.7M | 2.8M | -14.8M | -15.5M | 800K | -800K | -3M | 5M | -11.9M | -13M | -4.5M | 26.9M | -17.1M | 6.7M | 1.9M | 4.1M |
| Other Non-Cash Items | 18.2M | 30.6M | 25.8M | 29.1M | 24.8M | 13.7M | 32.4M | 16.7M | 23.1M | 44.9M | 29.9M | 29.4M | 21.7M | 15.2M | 20.7M | 22M | 12.7M | 16.3M | 22.6M | 2.6M |
| Working Capital Changes | 23.1M | 78.8M | -128.9M | 95.8M | 31.7M | -84.3M | -286M | 93.3M | -20.4M | -111.7M | -164.3M | 52.5M | 94.2M | 11.3M | -218.3M | 87.6M | -78.9M | -55.3M | -179.6M | 11.9M |
| 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 | -44.4M | -117.8M | -32.6M | -491.4M | -43.4M | -28M | -33.2M | -73.6M | -50.7M | -56.8M | -62M | -114.8M | -22.3M | -205.3M | -116.6M | -102.7M | -80.4M | -63M | -86.6M | -132.2M |
| Capital Expenditures | -54.2M | -39.2M | -28.3M | -75.6M | -43.6M | -30M | -36M | -69.5M | -52.2M | -47.5M | -48.8M | -92.3M | -57.1M | -51.4M | -64.5M | -94.9M | -76.4M | -57.1M | -49.7M | -124.4M |
| CapEx % of Revenue | 2.32% | 1.59% | 1.23% | 3.33% | 1.97% | 1.35% | 1.68% | 3.18% | 2.39% | 2.13% | 2.27% | 4.37% | 2.72% | 2.46% | 3.12% | 4.68% | 3.3% | 2.43% | 2.12% | 5.7% |
| Acquisitions | -6M | -75M | -500K | -388.7M | 4.5M | -8.1M | -2.6M | -1.9M | 100K | -1.6M | -300K | -21.2M | -9.6M | -150.6M | -43.5M | -1.4M | 0 | -3.6M | -33.4M | -2.4M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 15.6M | -6.2M | 0 | -10.7M | -15M | 10.1M | -800K | -2.2M | 1.4M | -3.7M | -6.7M | -1.3M | 44.4M | -3.3M | -8.6M | -6.4M | -4M | -2.3M | -3.5M | -5.4M |
| Cash from Financing | -210.7M | -319M | -50.6M | -219.3M | 52.9M | -163.6M | -84.9M | -156.3M | -217.7M | -117.1M | -85M | -194.5M | -305.8M | -116.7M | 299.8M | -204.7M | -172.8M | -182.6M | -55.1M | -195.8M |
| Debt Issued (Net) | -61.7M | -104.5M | 91.5M | -60.9M | 235.9M | -6.9M | 271.5M | 59.1M | -91.3M | -19.9M | 14.2M | -108.9M | -212.8M | -12.3M | 436.4M | -83.2M | -62M | -4M | 177.5M | -78.4M |
| Equity Issued (Net) | -59M | -137.6M | -60.6M | -118.7M | -93.6M | -98.4M | -261.6M | -140M | -66.8M | -25.1M | -15.6M | -20.4M | -27.6M | -38.8M | -50.7M | -60.9M | -49.9M | -117.2M | -151.5M | -54.9M |
| Dividends Paid | -75.4M | -76.2M | -72.3M | -72.4M | -73.1M | -73.5M | -69.4M | -70.4M | -70.9M | -70.9M | -65.3M | -65.2M | -65.3M | -65.4M | -60.8M | -60.6M | -60.9M | -61.2M | -56.2M | -56.3M |
| Share Repurchases | -59M | -137.6M | -60.6M | -118.7M | -93.6M | -98.4M | -261.6M | -140.2M | -66.8M | -25.1M | -15.6M | -20.4M | -27.6M | -38.8M | -50.7M | -60.9M | -49.9M | -117.2M | -151.5M | -54.9M |
| Other Financing | -14.6M | -700K | -9.2M | 32.7M | -16.3M | 15.2M | -25.4M | -5M | 11.3M | -1.2M | -18.3M | 0 | -100K | -200K | -25.1M | 0 | 0 | -200K | -24.9M | -6.2M |
| Net Change in Cash | 44.1M | -27.8M | 52.3M | -331.6M | 326.8M | 20M | -133.2M | 116.4M | 3.9M | 23.1M | -29.3M | 5.1M | -7.2M | -134.2M | 184.1M | 39M | -36.6M | 17.7M | -15.6M | -44.5M |
| Free Cash Flow | 244.6M | 369M | 108.2M | 309.7M | 276.2M | 178.8M | -52.3M | 281.7M | 227.1M | 144.2M | 64.1M | 215.1M | 261.2M | 132.5M | -67.9M | 244.4M | 140.4M | 206.8M | 70.9M | 152.3M |
| FCF Margin % | 10.49% | 14.98% | 4.71% | 13.64% | 12.47% | 8.05% | -2.43% | 12.89% | 10.4% | 6.45% | 2.98% | 10.19% | 12.45% | 6.34% | -3.29% | 12.06% | 6.06% | 8.81% | 3.02% | 6.98% |
| FCF Growth % | -11.44% | 106.38% | 306.88% | 9.94% | 21.62% | 23.99% | -181.59% | 30.96% | -13.06% | 8.83% | 194.4% | -11.99% | 86.04% | -35.93% | -195.77% | 60.47% | -40.46% | 0.98% | -61% | -22.45% |
| FCF per Share | 3.22 | 4.81 | 1.41 | 4.00 | 3.53 | 2.28 | -0.66 | 3.50 | 2.81 | 1.78 | 0.79 | 2.66 | 3.22 | 1.64 | -0.83 | 3.00 | 1.71 | 2.52 | 0.85 | 1.82 |
| FCF Conversion (FCF/Net Income) | 1.76x | 2.00x | 0.81x | 2.26x | 1.88x | 1.10x | -0.10x | 2.02x | 1.49x | 1.12x | 0.69x | 2.18x | 2.33x | 1.89x | 0.02x | 2.81x | 1.00x | 1.25x | 0.64x | 1.55x |
| 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 |