67/100B146.710
USD
-0.21
(-0.14%)
Pre Open·149.010USD+2.300(+1.57%)
Last updated: · Delayed 15 min
Fair valueNot reliable
Q4 FY2026 · Earnings report
EPS estimate 1.78Revenue estimate 16.29B
Q4 FY2026 · Earnings report
EPS estimate 1.78Revenue estimate 16.29B
Merck & Co cash flow statement 1989–2026What is a cash flow statement? The cash flow statement shows the cash that came into a company and went out over a period, split into operating, investing and financing activities.
Merck & Co's free cash flow over the last twelve months was 14.75B USD: operating cash flow of 18.70B USD less 3.96B USD of capital spending. That is 21.9% of its revenue and 5.95 a share.
Operating cash flow Free cash flow
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| Fiscal year | TTM 30 Sept 2026 | FY2025 31 Dec 2025 | FY2024 31 Dec 2024 | FY2023 31 Dec 2023 | FY2022 31 Dec 2022 | FY2021 31 Dec 2021 | FY2020 31 Dec 2020 | FY2019 31 Dec 2019 | FY2018 31 Dec 2018 | FY2017 31 Dec 2017 | FY2016 31 Dec 2016 | FY2015 31 Dec 2015 | FY2014 31 Dec 2014 | FY2013 31 Dec 2013 | FY2012 31 Dec 2012 | FY2011 31 Dec 2011 | FY2010 31 Dec 2010 | FY2009 31 Dec 2009 | FY2008 31 Dec 2008 | FY2007 31 Dec 2007 | FY2006 31 Dec 2006 | FY2005 31 Dec 2005 | FY2004 31 Dec 2004 | FY2003 31 Dec 2003 | FY2002 31 Dec 2002 | FY2001 31 Dec 2001 | FY2000 31 Dec 2000 | FY1999 31 Dec 1999 | FY1998 31 Dec 1998 | FY1997 31 Dec 1997 | FY1996 31 Dec 1996 | FY1995 31 Dec 1995 | FY1994 31 Dec 1994 | FY1993 31 Dec 1993 | FY1992 31 Dec 1992 | FY1991 31 Dec 1991 | FY1990 31 Dec 1990 | FY1989 31 Dec 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income | 2.45B | 18.25B | 17.13B | 365.00M | 14.53B | 12.36B | 7.08B | 9.78B | 6.19B | 2.42B | 3.94B | 4.46B | 11.93B | 4.52B | 6.30B | 6.39B | 982.00M | 13.02B | 7.81B | 3.28B | 4.43B | 4.63B | 5.81B | 6.83B | 7.15B | 7.28B | 6.82B | 5.89B | 5.25B | 4.61B | 3.88B | 3.34B | 3.00B | 2.17B | 2.45B | 2.12B | 1.78B | 1.50B |
Depreciation and amortization | 7.34B | 5.84B | 4.50B | 3.87B | 3.91B | 3.21B | 3.49B | 3.65B | 4.52B | 4.68B | 5.47B | 6.38B | 6.69B | 6.99B | 6.98B | 7.43B | 7.38B | 2.58B | 1.63B | 1.99B | 2.27B | 1.71B | 1.45B | 1.31B | 1.23B | 1.13B | 1.28B | 1.46B | 1.02B | 837.10M | 927.10M | 859.20M | 875.50M | 414.70M | 321.40M | 263.80M | 254.00M | 221.70M |
Stock-based compensation | 1.06B | 0.00 | 761.00M | 645.00M | 541.00M | 479.00M | 441.00M | 417.00M | 348.00M | 312.00M | 300.00M | 299.00M | 278.00M | 276.00M | 335.00M | 369.00M | 509.00M | 415.50M | 219.00M | 211.00M | 168.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Change in working capital | -2.50B | -6.98B | -3.67B | -2.21B | -2.78B | -3.84B | -4.59B | -2.07B | -1.55B | -5.02B | -2.60B | -268.00M | 1.82B | -794.00M | -4.14B | -766.00M | 930.00M | -2.71B | -3.98B | 1.36B | -137.40M | 1.18B | 1.52B | 489.10M | 547.00M | -123.70M | -1.02B | -3.45B | -741.70M | 17.00M | 64.90M | -423.60M | 564.40M | 7.80M | -54.10M | 41.10M | 228.00M | -274.80M |
Change in receivables | — | -1.09B | -244.00M | -1.15B | -644.00M | -2.03B | -1.00B | 294.00M | -418.00M | 297.00M | -619.00M | |||||||||||||||||||||||||||
Change in inventory | — | -1.18B | -835.00M | -816.00M | -161.00M | -674.00M | -855.00M | -508.00M | -911.00M | -145.00M | 206.00M | |||||||||||||||||||||||||||
Change in payables | — | 110.00M | 182.00M | -380.00M | -289.00M | 405.00M | 724.00M | 399.00M | 230.00M | 254.00M | 278.00M | |||||||||||||||||||||||||||
Change in other working capital | -225.00M | -4.82B | -2.77B | 139.00M | -1.69B | -1.54B | -3.46B | -2.25B | -454.00M | -5.43B | -2.47B | |||||||||||||||||||||||||||
Other non-cash items | 11.82B | 1.03B | 3.99B | 12.23B | 4.47B | 1.71B | 4.50B | 2.22B | 1.92B | 6.68B | 4.79B | 2.32B | -10.27B | 997.00M | -123.00M | 498.00M | 2.11B | -11.74B | 367.20M | 1.95B | 562.60M | 79.60M | -35.40M | 1.10B | 156.20M | 789.30M | 611.90M | 2.23B | -193.30M | 848.40M | 554.40M | -826.60M | -3.50M | -57.10M | 269.50M | 6.20M | -75.40M | 4.30M |
Operating cash flowWhat is a cash flow statement? The cash flow statement shows the cash that came into a company and went out over a period, split into operating, investing and financing activities. | 18.70B | 16.47B | 21.47B | 13.01B | 19.10B | 14.11B | 10.25B | 13.44B | 10.92B | 6.45B | 10.38B | 12.42B | 7.86B | 11.65B | 10.02B | 12.38B | 10.82B | 3.39B | 6.57B | 7.00B | 6.77B | 7.61B | 8.80B | 9.86B | 9.53B | 9.08B | 7.69B | 6.13B | 5.33B | 6.32B | 5.43B | 2.94B | 4.14B | 3.05B | 2.50B | 2.43B | 2.06B | 1.38B |
Operating cash flow growth | +9.60% | -23.27% | +65.06% | -31.89% | +35.34% | +37.61% | -23.71% | +23.05% | +69.41% | -37.87% | -16.46% | |||||||||||||||||||||||||||
Capital expenditure | -3.96B | -4.11B | -3.37B | -3.86B | -4.39B | -4.45B | -4.43B | -3.47B | -2.62B | -1.89B | -1.61B | -1.28B | -2.32B | -1.55B | -1.95B | -1.72B | -1.68B | -1.46B | -1.30B | -1.01B | -980.20M | -1.40B | -1.73B | -1.92B | -2.37B | -2.72B | -2.73B | -2.56B | -1.97B | -1.45B | -1.20B | -1.01B | -1.01B | -1.01B | -1.07B | -1.04B | -670.80M | -433.00M |
Acquisitions | — | -10.04B | -4.09B | -12.03B | -121.00M | -12.91B | -6.61B | -4.95B | -431.00M | -396.00M | -780.00M | -7.43B | 11.24B | -200.00M | 1.95B | -50.00M | 391.00M | -8.97B | 0.00 | -1.14B | 0.00 | 0.00 | -12.80M | -1.53B | 0.00 | 0.00 | 0.00 | 0.00 | 2.59B | 910.00M | 0.00 | 1.32B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Purchases of investments | — | -1.21B | -519.00M | -955.00M | -1.20B | -1.00M | -1.10B | -3.20B | -7.99B | -10.74B | -15.65B | -16.68B | -24.94B | -17.99B | -12.84B | -7.33B | -7.20B | -3.07B | -11.97B | -10.13B | -20.04B | -125.31B | -82.26B | -61.59B | -37.56B | -34.78B | -28.64B | -42.21B | -29.68B | -22.99B | -15.72B | -13.77B | -14.81B | -9.52B | -5.26B | -8.80B | -8.56B | -8.85B |
Sales and maturities of investments | — | 1.68B | 377.00M | 1.66B | 721.00M | 1.03B | 2.81B | 8.62B | 15.25B | 15.66B | 14.35B | 20.41B | 15.53B | 16.30B | 7.78B | 6.32B | 4.56B | 10.94B | 11.07B | 10.86B | 16.14B | 128.98B | 82.36B | 60.82B | 35.91B | 33.38B | 27.67B | 40.31B | 28.62B | 22.08B | 15.08B | 12.43B | 15.08B | 9.86B | 4.98B | 8.52B | 8.23B | 8.66B |
Other investing | -5.75B | -58.00M | -127.00M | 1.11B | 32.00M | -225.00M | 130.00M | 378.00M | 102.00M | 38.00M | 482.00M | 221.00M | 115.00M | 293.00M | -1.75B | -116.00M | 426.00M | 5.72B | 365.40M | -1.39B | -3.00M | -3.10M | -6.60M | -25.00M | -100.00K | -190.20M | 56.10M | 1.65B | 432.30M | -152.60M | -142.70M | -295.70M | 709.10M | -1.92B | -12.60M | 22.60M | 6.70M | 63.90M |
Investing cash flow | -28.33B | -13.74B | -7.73B | -14.08B | -4.96B | -16.56B | -9.44B | -2.63B | 4.31B | 2.68B | -3.21B | -4.76B | -374.00M | -3.15B | -6.81B | -2.89B | -3.50B | 3.16B | -1.83B | -2.81B | -4.88B | 2.27B | -1.64B | -4.23B | -4.01B | -4.31B | -3.64B | -2.82B | -11.40M | -1.60B | -1.98B | -1.32B | -32.40M | -2.59B | -1.35B | -1.30B | -999.80M | -558.00M |
Debt issued (repaid) | — | 11.38B | 2.31B | 4.18B | -2.25B | 1.63B | 5.01B | 1.25B | 837.00M | -1.13B | -1.31B | 3.49B | -3.47B | 4.53B | 3.16B | -471.00M | 748.00M | 1.78B | 468.00M | -1.18B | -1.27B | 1.28B | 115.40M | -1.78B | -394.80M | 1.94B | 904.50M | 2.13B | 1.58B | 494.40M | -21.30M | 481.80M | -1.40B | 1.23B | 499.70M | -124.90M | 475.10M | -153.90M |
Shares issued | 494.00M | 92.00M | 0.00 | 0.00 | 384.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 102.30M | 898.60M | 369.90M | 136.50M | 240.30M | 0.00 | 318.30M | 300.60M | 2.14B | 322.90M | 490.10M | 413.30M | 442.20M | 1.28B | 138.60M | 83.40M | 52.20M | 48.30M | 37.80M | 36.00M |
Share buybacksWhat are stock buybacks? A stock buyback is a company buying its own shares on the market. With fewer shares left, each remaining share owns a bigger part of the company. | -3.54B | -5.08B | -1.31B | -1.35B | 0.00 | -840.00M | -1.28B | -4.78B | -9.09B | -4.01B | -3.43B | -4.19B | -7.70B | -6.52B | -2.59B | -1.92B | -1.59B | 0.00 | -2.73B | -1.43B | -1.00B | -1.02B | -2.47B | -2.03B | -2.09B | -3.89B | -3.55B | -3.58B | -3.63B | -3.57B | -2.49B | -1.57B | -704.50M | -371.00M | -862.90M | -184.10M | -744.80M | -208.20M |
Dividends paid | -8.37B | -8.18B | -7.84B | -7.45B | -7.01B | -6.61B | -6.22B | -5.70B | -5.17B | -5.17B | -5.12B | -5.12B | -5.25B | -5.28B | -5.24B | -4.81B | -4.85B | -3.22B | -3.28B | -3.31B | -3.32B | -3.35B | -3.31B | -3.25B | -3.19B | -3.15B | -2.80B | -2.59B | -2.25B | -2.04B | -1.73B | -1.54B | -1.43B | -1.17B | -1.06B | -893.20M | -749.40M | -650.30M |
Other financing | -156.00M | -131.00M | -195.00M | -203.00M | -240.00M | 8.41B | -347.00M | 366.00M | 266.00M | 304.00M | 821.00M | 424.00M | 1.18B | 1.15B | 1.40B | -22.00M | -106.00M | 59.70M | 13.00M | 156.20M | -375.30M | -93.10M | -161.80M | -148.50M | -172.50M | 41.40M | -149.20M | -152.50M | -114.10M | -153.90M | -36.00M | -56.10M | -6.20M | 22.60M | 20.00M | 15.80M | 27.60M | 21.00M |
Financing cash flow | 1.10B | -1.92B | -7.03B | -4.81B | -9.12B | 2.59B | -2.83B | -8.86B | -13.16B | -10.01B | -9.04B | -5.39B | -15.11B | -5.99B | -3.27B | -6.90B | -5.44B | -1.64B | -5.52B | -4.87B | -5.60B | -3.04B | -5.59B | -6.83B | -5.53B | -5.07B | -3.45B | -3.87B | -3.92B | -4.86B | -3.84B | -1.40B | -3.40B | -214.20M | -1.36B | -1.14B | -953.70M | -955.40M |
Net change in cash | -8.55B | 1.37B | 6.41B | -5.86B | 4.61B | 14.00M | -1.77B | 1.97B | 1.87B | -423.00M | -2.01B | 1.08B | -8.18B | 2.17B | -80.00M | 2.63B | 1.59B | 4.94B | -967.80M | -578.60M | -3.67B | 6.71B | 1.68B | -1.04B | 99.00M | -392.80M | 514.90M | -584.30M | 1.48B | -227.30M | -495.00M | 243.40M | 774.60M | 254.30M | -222.80M | -8.50M | 121.30M | -168.90M |
Free cash flowWhat is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks. | 14.75B | 12.36B | 18.10B | 9.14B | 14.71B | 9.66B | 5.82B | 9.97B | 8.31B | 4.56B | 8.76B | 11.14B | 5.54B | 10.11B | 8.07B | 10.66B | 9.14B | 1.93B | 5.27B | 5.99B | 5.79B | 6.21B | 7.07B | 7.95B | 7.16B | 6.36B | 4.96B | 3.57B | 3.35B | 4.87B | 4.23B | 1.94B | 3.13B | 2.04B | 1.44B | 1.39B | 1.38B | 947.70M |
Free cash flow growth | +13.00% | -31.70% | +97.92% | -37.83% | +52.23% | +65.88% | -41.57% | +19.98% | +82.21% | -47.97% | -21.33% | |||||||||||||||||||||||||||
Free cash flow margin | 21.91% | 19.04% | 28.20% | 15.21% | 24.81% | 19.84% | 14.03% | 25.48% | 19.64% | 11.36% | 22.01% | |||||||||||||||||||||||||||
Free cash flow per share | 5.95 | 4.93 | 7.12 | 3.59 | 5.79 | 3.81 | 2.29 | 3.86 | 3.10 | 1.66 | 3.14 | 3.92 | 1.89 | 3.37 | 2.62 | 3.45 | 2.93 | 0.85 | 2.46 | 2.73 | 2.64 | 2.82 | 3.18 | 3.53 | 3.14 | 2.74 | 2.11 | 1.48 | 1.37 | 1.97 | 1.70 | 0.76 | 1.23 | 0.87 | 0.76 | 0.60 | 0.59 | 0.40 |
Free cash flow per share growth | +14.98% | -30.77% | +98.39% | -37.95% | +51.99% | +66.08% | -40.67% | +24.59% | +86.90% | -47.23% | -19.81% | |||||||||||||||||||||||||||
Income taxes paid | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Quarter | Q3 FY2026 30 Sept 2026 | Q2 FY2026 30 Jun 2026 | Q1 FY2026 31 Mar 2026 | Q4 FY2025 31 Dec 2025 | Q3 FY2025 30 Sept 2025 | Q2 FY2025 30 Jun 2025 | Q1 FY2025 31 Mar 2025 | Q4 FY2024 31 Dec 2024 | Q3 FY2024 30 Sept 2024 | Q2 FY2024 30 Jun 2024 | Q1 FY2024 31 Mar 2024 | Q4 FY2023 31 Dec 2023 | Q3 FY2023 30 Sept 2023 | Q2 FY2023 30 Jun 2023 | Q1 FY2023 31 Mar 2023 | Q4 FY2022 31 Dec 2022 | Q3 FY2022 30 Sept 2022 | Q2 FY2022 30 Jun 2022 | Q1 FY2022 31 Mar 2022 | Q4 FY2021 31 Dec 2021 | Q3 FY2021 30 Sept 2021 | Q2 FY2021 30 Jun 2021 | Q1 FY2021 31 Mar 2021 | Q4 FY2020 31 Dec 2020 | Q3 FY2020 30 Sept 2020 | Q2 FY2020 30 Jun 2020 | Q1 FY2020 31 Mar 2020 | Q4 FY2019 31 Dec 2019 | Q3 FY2019 30 Sept 2019 | Q2 FY2019 30 Jun 2019 | Q1 FY2019 31 Mar 2019 | Q4 FY2018 31 Dec 2018 | Q3 FY2018 30 Sept 2018 | Q2 FY2018 30 Jun 2018 | Q1 FY2018 31 Mar 2018 | Q4 FY2017 31 Dec 2017 | Q3 FY2017 30 Sept 2017 | Q2 FY2017 30 Jun 2017 | Q1 FY2017 31 Mar 2017 | Q4 FY2016 31 Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income | 5.07B | -1.34B | -4.24B | 2.96B | 5.79B | 4.43B | 5.09B | 3.74B | 3.16B | 5.46B | 4.77B | -1.23B | 4.75B | -5.98B | 2.82B | 3.02B | 3.25B | 3.95B | 4.31B | 3.82B | 4.57B | 777.00M | 2.75B | -2.09B | 2.94B | 3.01B | 3.22B | 2.36B | 1.91B | 2.64B | 2.86B | 1.78B | 1.96B | 1.72B | 741.00M | -1.04B | -51.00M | 1.95B | 1.56B | -587.00M |
Depreciation and amortization | 1.78B | 1.58B | 1.51B | 2.47B | 1.15B | 1.12B | 1.10B | 1.20B | 1.19B | 1.13B | 984.00M | 964.00M | 1.01B | 903.00M | 991.00M | 892.00M | 959.00M | 938.00M | 1.12B | 835.00M | 759.00M | 728.00M | 892.00M | 904.00M | 807.00M | 1.05B | 821.00M | 936.00M | 845.00M | 973.00M | 898.00M | 1.10B | 1.09B | 1.29B | 1.14B | 1.13B | 1.15B | 1.16B | 1.19B | 1.16B |
Stock-based compensation | 369.00M | 298.00M | 185.00M | 205.00M | 204.00M | 216.00M | 195.00M | 187.00M | 195.00M | 203.00M | 176.00M | 167.00M | 164.00M | 169.00M | 145.00M | 145.00M | 139.00M | 137.00M | 120.00M | 119.00M | 117.00M | 132.00M | 111.00M | 121.00M | 116.00M | 105.00M | 108.00M | 111.00M | 102.00M | 111.00M | 93.00M | 87.00M | 91.00M | 90.00M | 80.00M | 80.00M | 76.00M | 82.00M | 74.00M | 75.00M |
Change in working capital | 71.00M | 1.61B | -1.61B | -2.57B | 1.31B | -2.26B | -3.71B | -1.86B | 2.58B | -1.01B | -3.38B | 144.00M | 2.18B | -1.64B | -2.89B | -347.00M | 263.00M | -1.40B | -1.30B | -45.00M | -139.00M | -1.55B | -2.19B | 883.00M | -1.45B | -527.00M | -3.67B | 1.40B | -91.00M | -443.00M | -2.94B | 481.00M | -760.00M | 199.00M | -1.47B | 238.00M | -2.92B | 198.00M | -2.54B | 401.00M |
Change in receivables | 0.00 | 0.00 | 0.00 | -1.09B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||
Change in inventory | 0.00 | 0.00 | 0.00 | -1.18B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||
Change in payables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||
Change in other working capital | 71.00M | 1.61B | -1.61B | -296.00M | 1.31B | -2.26B | -3.71B | -1.86B | 2.58B | -1.01B | ||||||||||||||||||||||||||||||
Other non-cash items | -120.00M | 3.76B | 8.39B | -211.00M | -425.00M | 236.00M | 19.00M | 793.00M | 2.57B | 34.00M | 596.00M | 1.13B | -47.00M | 10.60B | 549.00M | 1.03B | 1.65B | 939.00M | 851.00M | 139.00M | -510.00M | 2.37B | 213.00M | 4.90B | -174.00M | -309.00M | 143.00M | 152.00M | 1.70B | 142.00M | 224.00M | 269.00M | 543.00M | 315.00M | 700.00M | 5.63B | 901.00M | 142.00M | 52.00M | 4.04B |
Operating cash flowWhat is a cash flow statement? The cash flow statement shows the cash that came into a company and went out over a period, split into operating, investing and financing activities. | 6.56B | 5.37B | 3.92B | 2.86B | 7.82B | 3.29B | 2.50B | 3.45B | 9.29B | 5.64B | 3.09B | 246.00M | 7.72B | 3.70B | 1.34B | 4.43B | 5.60B | 4.30B | 4.76B | 5.03B | 4.80B | 2.49B | 1.79B | 4.01B | 2.17B | 3.37B | 707.00M | 4.79B | 4.23B | 3.08B | 1.34B | 3.59B | 2.79B | 3.38B | 1.16B | 4.02B | -1.17B | 3.32B | 286.00M | 3.63B |
Operating cash flow growth | -16.16% | +63.07% | +56.72% | -17.19% | -15.81% | -41.58% | -19.09% | +1,302.44% | +20.40% | +52.19% | ||||||||||||||||||||||||||||||
Capital expenditure | -1.04B | -893.00M | -991.00M | -1.03B | -987.00M | -764.00M | -1.33B | -937.00M | -783.00M | -791.00M | -861.00M | -989.00M | -902.00M | -965.00M | -1.01B | -1.15B | -1.13B | -1.13B | -984.00M | -1.21B | -1.17B | -934.00M | -1.08B | -1.43B | -1.45B | -567.00M | -986.00M | -1.14B | -959.00M | -782.00M | -595.00M | -929.00M | -653.00M | -583.00M | -450.00M | -715.00M | -441.00M | -393.00M | -339.00M | -551.00M |
Acquisitions | -630.00M | 0.00 | -8.78B | -10.04B | 0.00 | 0.00 | 0.00 | -2.00M | -3.35B | 0.00 | -746.00M | 0.00 | 902.00M | -10.71B | -1.33B | 0.00 | -121.00M | 0.00 | 0.00 | -11.26B | 1.00M | -1.63B | -14.00M | -3.15B | -586.00M | -321.00M | -2.55B | -25.00M | -1.04B | 782.00M | 0.00 | -59.00M | 653.00M | -372.00M | 0.00 | -49.00M | 441.00M | -41.00M | -306.00M | -2.00M |
Purchases of investments | 0.00 | -559.00M | -374.00M | 0.00 | 0.00 | -612.00M | -685.00M | -455.00M | 0.00 | -49.00M | -15.00M | -251.00M | -117.00M | -25.00M | -562.00M | -494.00M | -5.00M | -333.00M | -372.00M | 0.00 | 1.17B | 0.00 | -1.00M | -1.02B | -1.00M | -28.00M | -49.00M | -822.00M | -570.00M | -836.00M | -974.00M | -1.10B | -1.65B | -3.92B | -1.33B | -2.34B | -2.12B | -3.35B | -2.93B | -5.57B |
Sales and maturities of investments | 405.00M | 1.30B | 0.00 | 46.00M | 575.00M | 601.00M | 456.00M | 7.00M | 50.00M | 60.00M | 260.00M | 169.00M | 704.00M | 285.00M | 500.00M | 12.00M | 335.00M | 373.00M | 1.00M | 529.00M | 111.00M | 0.00 | 386.00M | 918.00M | 2.00M | 76.00M | 1.82B | 1.16B | 2.52B | 3.04B | 1.90B | 4.01B | 3.84B | 5.56B | 1.85B | 3.13B | 3.17B | 2.54B | 6.82B | 3.05B |
Other investing | -54.00M | -5.45B | -66.00M | -172.00M | 129.00M | 5.00M | 70.00M | -57.00M | 233.00M | -289.00M | -14.00M | 1.12B | -921.00M | -33.00M | 37.00M | -117.00M | -45.00M | 12.00M | 182.00M | -106.00M | -1.17B | -143.00M | 25.00M | -11.00M | -54.00M | 59.00M | 136.00M | 58.00M | 235.00M | -4.63B | 38.00M | 252.00M | -529.00M | -5.00M | -269.00M | -83.00M | -382.00M | 114.00M | -52.00M | 504.00M |
Investing cash flow | -1.32B | -5.60B | -10.21B | -11.20B | -283.00M | -770.00M | -1.49B | -1.44B | -3.85B | -1.07B | -1.38B | 53.00M | -334.00M | -11.44B | -2.36B | -1.75B | -962.00M | -1.08B | -1.17B | -12.05B | -1.06B | -2.71B | -738.00M | -4.78B | -2.16B | -882.00M | -1.63B | -763.00M | 191.00M | -2.43B | 368.00M | 2.18B | 1.66B | 673.00M | -197.00M | -58.00M | 671.00M | -1.13B | 3.19B | -2.56B |
Debt issued (repaid) | 0.00 | 4.89B | -79.00M | 7.85B | 5.98B | 48.00M | -2.50B | -539.00M | -1.00M | 3.60B | -751.00M | -3.00M | -1.95B | 6.13B | -1.00M | -1.00M | -1.00B | 0.00 | -1.25B | 6.77B | 0.00 | -4.77B | -365.00M | 2.86B | -2.31B | 2.83B | 1.63B | 182.00M | -360.00M | 603.00M | 823.00M | 1.55B | 226.00M | 65.00M | -1.00B | -2.79B | 1.99B | -3.81B | 3.48B | 162.00M |
Shares issued | 247.00M | 43.00M | 157.00M | 47.00M | 14.00M | 0.00 | 19.00M | 0.00 | 5.00M | 73.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 265.00M | 10.00M | 97.00M | 12.00M | 0.00 | 17.00M | 42.00M | 9.00M | 0.00 | 28.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share buybacksWhat are stock buybacks? A stock buyback is a company buying its own shares on the market. With fewer shares left, each remaining share owns a bigger part of the company. | -653.00M | -757.00M | -874.00M | -1.25B | -1.32B | -1.35B | -1.16B | -489.00M | -444.00M | -251.00M | -122.00M | -393.00M | -466.00M | -338.00M | -149.00M | 0.00 | 0.00 | 0.00 | 0.00 | -18.00M | -583.00M | -239.00M | 0.00 | 0.00 | 0.00 | 0.00 | -1.28B | -1.05B | -1.41B | -1.24B | -1.09B | -5.93B | -996.00M | -1.60B | -566.00M | -1.70B | -159.00M | -1.13B | -1.02B | -1.02B |
Dividends paid | -2.10B | -2.14B | -2.11B | -2.02B | -2.03B | -2.08B | -2.05B | -1.95B | -1.95B | -1.99B | -1.95B | -1.85B | -1.86B | -1.89B | -1.85B | -1.75B | -1.75B | -1.77B | -1.75B | -1.64B | -1.65B | -1.67B | -1.65B | -1.54B | -1.55B | -1.58B | -1.55B | -1.41B | -1.39B | -1.47B | -1.43B | -1.28B | -1.29B | -1.31B | -1.30B | -1.28B | -1.28B | -1.31B | -1.29B | -1.27B |
Other financing | 73.00M | -270.00M | -80.00M | 121.00M | 2.00M | -182.00M | -60.00M | -30.00M | -32.00M | -220.00M | 9.00M | 3.00M | -3.00M | -152.00M | -51.00M | -68.00M | 35.00M | -104.00M | -91.00M | 101.00M | -59.00M | 8.40B | -97.00M | 57.00M | -28.00M | -114.00M | -290.00M | 262.00M | 7.00M | 16.00M | 81.00M | 94.00M | 150.00M | -125.00M | -83.00M | -10.00M | -8.00M | 32.00M | 290.00M | 148.00M |
Financing cash flow | -2.43B | 1.76B | -2.98B | 4.75B | 2.64B | -3.56B | -5.76B | -3.01B | -2.43B | 1.22B | -2.81B | -2.25B | -4.27B | 3.76B | -2.05B | -1.55B | -2.70B | -1.78B | -3.09B | 5.21B | -2.27B | 1.76B | -2.10B | 1.37B | -3.85B | 1.14B | -1.49B | -2.01B | -3.15B | -2.08B | -1.61B | -5.57B | -1.91B | -2.97B | -2.72B | -5.79B | 536.00M | -6.22B | 1.46B | -1.98B |
Net change in cash | 2.76B | 1.49B | -9.29B | -3.51B | 10.19B | -659.00M | -4.59B | -1.37B | 3.32B | 5.70B | -1.24B | -1.76B | 2.96B | -4.07B | -2.99B | 1.49B | 1.53B | 1.14B | 447.00M | -1.88B | 1.42B | 1.59B | -1.14B | 764.00M | -3.75B | 3.69B | -2.47B | 2.06B | 1.21B | -1.42B | 110.00M | 139.00M | 2.52B | 826.00M | -1.61B | -1.81B | 115.00M | -3.92B | 5.19B | -1.39B |
Free cash flowWhat is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks. | 5.52B | 4.48B | 2.93B | 1.82B | 6.84B | 2.53B | 1.17B | 2.51B | 8.51B | 4.85B | 2.23B | -743.00M | 6.82B | 2.74B | 332.00M | 3.28B | 4.48B | 3.17B | 3.78B | 3.82B | 3.63B | 1.56B | 709.00M | 2.58B | 728.00M | 2.80B | -279.00M | 3.66B | 3.27B | 2.30B | 741.00M | 2.66B | 2.14B | 2.80B | 705.00M | 3.30B | -1.61B | 2.92B | -53.00M | 3.08B |
Free cash flow growth | -19.27% | +77.03% | +149.74% | -27.42% | -19.66% | -47.81% | -47.42% | — | +24.84% | +76.93% | ||||||||||||||||||||||||||||||
Free cash flow margin | 30.51% | 26.96% | 17.97% | 11.17% | 39.78% | 16.01% | 7.50% | 16.08% | 51.08% | 30.08% | ||||||||||||||||||||||||||||||
Free cash flow per share | 2.23 | 1.81 | 1.18 | 0.73 | 2.74 | 1.01 | 0.46 | 0.99 | 3.35 | 1.90 | 0.88 | -0.29 | 2.68 | 1.08 | 0.13 | 1.29 | 1.76 | 1.25 | 1.49 | 1.51 | 1.43 | 0.61 | 0.28 | 1.01 | 0.29 | 1.10 | -0.11 | 1.43 | 1.27 | 0.89 | 0.28 | 1.01 | 0.80 | 1.04 | 0.26 | 1.22 | -0.59 | 1.06 | -0.02 | 1.11 |
Free cash flow per share growth | -18.62% | +79.96% | +155.70% | -25.87% | -18.28% | -47.17% | -47.15% | — | +25.09% | +76.58% | ||||||||||||||||||||||||||||||
Income taxes paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Figures in USD. Free cash flow is operating cash flow less capital expenditure. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
Common questions about Merck & Co's cash flow
Source: Financial Modeling Prep