Belden Inc. cash flow statement

In fiscal 2025, Belden Inc.'s operations generated $355m of cash; it spent $136m on capital projects, leaving free cash flow of $219m. It returned $8.0m in dividends.

Cash flow statement

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

Belden Inc.: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	152	112	185	139	165	201	241	315	255	289	277	173	272	281	320	352	355	401
Depreciation and amortisation	56	55	50	59	94	102	150	146	150	149	139	109	88	89	99	116	129	103
Stock-based pay	12	12	11	12	15	19	18	18	15	18	18	20	25	24	21	28	30	37
Capital spending	40	28	40	41	40	45	55	54	64	98	110	90	91	105	117	129	136	172
Free cash flow	111	83	145	98	124	155	186	261	191	191	167	83	181	176	203	223	219	229
Free cash flow after stock pay	100	71	133	86	110	137	169	243	176	173	149	63	156	153	182	195	189	192
Dividends paid	9	9	9	11	7	9	8	16	43	43	34	9	9	9	8	8	8	8
Share buybacks	—	—	50	75	94	92	39	0	25	—	—	—	—	—	—	—	—	—
Shares issued	—	—	—	—	—	—	—	—	—	—	—	0	0	4	7	9	12	14

US$ millions unless shown otherwise. Fiscal quarters.

Belden Inc.: cash flow statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Cash from operations	175	7	82	105	160	−19	129	130
Depreciation and amortisation	32	30	16	17	34	32	18	19
Stock-based pay	5	8	7	8	7	9	9	11
Capital spending	58	32	25	40	39	44	41	48
Free cash flow	116	−25	57	65	121	−63	89	82
Free cash flow after stock pay	111	−33	50	57	114	−72	80	71
Shares issued	0	4	0	8	0	5	0	9

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 Belden Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Belden Inc.