Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Paying user area
Try for free
Medtronic PLC pages available for free this week:
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Medtronic PLC for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Medtronic PLC, consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-K (reporting date: 2026-04-24), 10-Q (reporting date: 2026-01-23), 10-Q (reporting date: 2025-10-24), 10-Q (reporting date: 2025-07-25), 10-K (reporting date: 2025-04-25), 10-Q (reporting date: 2025-01-24), 10-Q (reporting date: 2024-10-25), 10-Q (reporting date: 2024-07-26), 10-K (reporting date: 2024-04-26), 10-Q (reporting date: 2024-01-26), 10-Q (reporting date: 2023-10-27), 10-Q (reporting date: 2023-07-28), 10-K (reporting date: 2023-04-28), 10-Q (reporting date: 2023-01-27), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-K (reporting date: 2022-04-29), 10-Q (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-K (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31).
The operating cash flow demonstrates a generally robust profile, characterized by a consistent ability to generate liquidity that frequently exceeds net income. This trend is primarily supported by significant and stable non-cash charges, specifically depreciation and amortization, which consistently range between 649 million and 840 million US dollars per quarter. While net income exhibits volatility, peaking at 1.49 billion US dollars in April 2022, the net cash provided by operating activities often reaches higher peaks, such as 2.77 billion US dollars in April 2024, reflecting strong underlying cash generation capabilities.
- Working Capital Dynamics
- Significant fluctuations are observed in the change in operating assets and liabilities. Accounts receivable and inventories show alternating patterns of accumulation and liquidation, with a notable inventory build-up in several quarters, such as July 2022 (minus 380 million US dollars) and July 2023 (minus 410 million US dollars). These swings suggest a cyclical approach to inventory management or responses to supply chain adjustments.
- Capital Investment and Asset Management
- Expenditures for property, plant, and equipment show a gradual upward trajectory, increasing from approximately 330 million US dollars per quarter in 2020 to nearly 490 million US dollars by April 2026. This indicates a sustained commitment to infrastructure and capacity expansion. Investing activities are further characterized by high-volume turnover in the investment portfolio, with quarterly purchases and sales often offsetting each other in the 2 billion US dollar range.
- Shareholder Return Strategy
- A disciplined dividend policy is evident, with quarterly payments rising steadily from 778 million US dollars in July 2020 to 908 million US dollars by April 2026. Share repurchases are executed more opportunistically; while some quarters show minimal activity, others exhibit aggressive buybacks, most notably in early 2024 where outflows reached 1.6 billion and 2.5 billion US dollars in consecutive quarters.
- Financing and Debt Structure
- The financing profile reflects a strategic use of debt to manage liquidity and fund shareholder returns. Major issuances of long-term debt occurred in October 2020 (7.17 billion US dollars) and October 2022 (3.43 billion US dollars), which were subsequently balanced by periodic repayments. The net cash provided by or used in financing activities remains highly volatile due to the timing of these large-scale debt movements and share repurchase programs.
Overall, the cash flow pattern indicates a mature organization that leverages steady operating cash flows to fund both ongoing capital expenditures and significant shareholder distributions. The ability to maintain high dividend payments and execute large-scale share repurchases, even during quarters of lower net income, is supported by a combination of non-cash add-backs and strategic debt management.