Alcon Inc cash flow statement

In fiscal 2025, Alcon Inc's operations generated $2.27bn of cash; it spent $543m on capital projects, leaving free cash flow of $1.73bn. It returned $166m in dividends and $676m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Alcon Inc: cash flow statement, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	1,218	1,140	920	823	1,345	1,217	1,388	2,077	2,271
Capital spending	415	524	553	479	700	636	658	473	543
Free cash flow	803	616	367	344	645	581	730	1,604	1,728
Dividends paid	—	—	0	0	54	100	116	130	166
Share buybacks	—	—	—	—	—	—	0	0	676

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Alcon Inc's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Alcon Inc.