BDX: the cash flow

MyFinsight

For the quarter ending 2025-12-31, BDX had $174M increase in cash & cash equivalents over the period. $549M in free cash flow.

Cash Flow	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Net income	-1,524	-	1,061	845
Net income from continuing operations	-	1,678	-	-
Depreciation and amortization	614	629	618	608
Share-based compensation	91	55	54	59
Deferred income taxes	29	-219	5	-109
Trade receivables, net	-	-71	-	-
Inventories	-	410	-	-
Prepaid expenses and other	-	276	-	-
Accounts payable, income taxes and other liabilities	-	-185	-	-
Change in operating assets and liabilities	-2,102	-	-75	2,592
Pension obligation	-2	0	26	-1
Gain on sale of business	-	0	-	-
Product remediation-related charges	-	98	-	-
Other, net	-43	-323	-154	291
Net cash provided by continuing operating activities	-	1,354	1,219	164
Net cash provided by operating activities	657	-	-	-
Capital expenditures	108	352	303	-
Maturities and sales of investments, net	0	-14	-408	-
Acquisitions, net of cash acquired and adjustments	0	-8	-	-
Proceeds from divestitures, net	-	0	-	-
Other, net	75	156	230	-
Net cash (used for) provided by investing activities	-183	-494	-624	-1,248
Change in short-term debt	317	322	-207	340
Proceeds from long-term debt	-	0	0	0
Payments of debt	0	580	333	1
Repurchases of common stock	250	250	0	0
Dividends paid	299	297	299	298
Other, net	-69	-4	-2	-5
Net cash used for financing activities	-302	-809	279	1,666
Net cash used for operating activities of discontinued operations	-	0	0	0
Effect of exchange rate changes on cash and equivalents and restricted cash	2	2	9	1
Net increase (decrease) in cash and equivalents and restricted cash	174	53	51	-66
Cash and cash equivalents at beginning of period	851	798	747	813
Cash and cash equivalents at end of period	1,025	851	798	747

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.