For the year ending 2025-12-31, CNH had -$637M decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Restructuring expenses-Financial Services Segment | -1 | 1 | - | - |
| Adjusted ebit-Agriculture Segment | 772 | 1,470 | - | - |
| Research and development expenses-Financial Services Segment | 0 | - | - | - |
| Equity in income of joint ventures-Agriculture Segment | 48 | - | - | - |
| Equity in income of joint ventures-Construction Segment | 0 | - | - | - |
| Equity in income of joint ventures-Financial Services Segment | 21 | - | - | - |
| Adjusted ebit-Construction Segment | 68 | 169 | - | - |
| Income before income taxes-Financial Services Segment | 429 | 489 | - | - |
| Segment profit/(loss) ca+b | 1,269 | 2,128 | - | - |
| Interest expenses, net (excluding financial services) | -114 | -152 | - | - |
| Restructuring expenses-Industrial Activities Segments | 23 | 117 | - | - |
| Foreign exchange gains, net (industrial activities) | -22 | -15 | - | - |
| Finance and non-service component of pension and other post employment benefit costs | 0 | 10 | - | - |
| Unallocated amounts | 177 | 235 | - | - |
| Discrete items excluded from segments | 244 | 4 | - | - |
| Income taxes | 184 | 336 | - | - |
| Net income (loss) from continuing operations | - | - | 2,383 | 2,039 |
| Net income | 505 | 1,259 | - | - |
| Depreciation and amortization expense excluding depreciation and amortization of assets under operating leases | 432 | 417 | 377 | 327 |
| Depreciation and amortization expense of assets under operating leases | 197 | 188 | 187 | 208 |
| (gain) loss from disposal of assets | - | -11 | -10 | 42 |
| Loss on repurchase of notes | - | - | 0 | 0 |
| Undistributed income of unconsolidated affiliates | -17 | 11 | 211 | 69 |
| Goodwill impairment charge | - | - | - | 0 |
| Other non-cash items | -647 | -329 | -173 | -196 |
| Provisions | -336 | -204 | 911 | 189 |
| Deferred income taxes | 198 | 107 | 535 | 50 |
| Trade and financing receivables related to sales, net | -708 | -1,015 | 2,268 | 2,447 |
| Inventories, net | -749 | -787 | 259 | 151 |
| Trade payables | -198 | -1,186 | -157 | 125 |
| Other assets and liabilities | -15 | 530 | -296 | -232 |
| Cash flow from operating activities (discontinued operation) | - | - | 0 | 0 |
| Net cash provided by operating activities | 2,538 | 1,968 | 907 | 557 |
| Additions to retail receivables | 7,554 | 8,227 | 8,069 | 5,971 |
| Collections of retail receivables | 7,508 | 6,459 | 5,824 | 4,360 |
| Proceeds from the sale of assets, net of assets under operating leases | - | 1 | 16 | 97 |
| Expenditures for property, plant and equipment and intangible assets excluding assets under operating leases | 543 | 536 | 644 | 461 |
| Expenditures for assets under operating leases | 655 | 650 | 551 | 538 |
| Other, net | 136 | -181 | 275 | 496 |
| Cash flow from investing activities (discontinued operation) | - | - | 0 | 0 |
| Net cash used in investing activities | -1,380 | -2,772 | -3,699 | -3,009 |
| Proceeds from long-term debt | 12,985 | 15,111 | 9,941 | 11,183 |
| Payments of long-term debt | 13,006 | 13,453 | 8,224 | 9,223 |
| Net increase (decrease) in other financial liabilities | -1,566 | -416 | 2,071 | 580 |
| Dividends paid | 333 | 607 | 538 | 423 |
| Purchase of treasury stock | -100 | -702 | -652 | -153 |
| Cash flow from financing activities (discontinued operation) | - | - | 0 | 0 |
| Net cash provided (used) by financing activities | -2,020 | -67 | 2,598 | 1,964 |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 225 | -308 | 110 | -228 |
| Net decrease in cash, cash equivalents and restricted cash | -637 | -1,179 | -84 | -716 |
| Cash, cash equivalents and restricted cash, beginning of year | 3,866 | 5,045 | - | - |
| Cash, cash equivalents and restricted cash, end of year | 3,229 | 3,866 | - | - |
CNH Industrial N.V. (CNH)
CNH Industrial N.V. (CNH)