Gildan Activewear Inc. cash flow statement

In fiscal 2025, Gildan Activewear Inc.'s operations generated $606m of cash; it spent $106m on capital projects, leaving free cash flow of $500m. It returned $135m in dividends.

Cash flow statement

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

Gildan Activewear Inc.: cash flow statement, annual
Fiscal year	2016Jan 2017	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Jan 2021	2021Jan 2022	2022Jan 2023	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	538	613	539	361	415	618	413	547	501	606
Depreciation and amortisation	141	162	158	157	147	135	125	122	138	148
Stock-based pay	15	16	20	16	2	38	32	27	65	48
Capital spending	129	92	108	129	51	127	239	203	145	106
Free cash flow	408	521	431	232	364	490	174	343	356	500
Free cash flow after stock pay	393	506	411	216	362	452	142	316	292	452
Dividends paid	74	85	95	110	31	90	124	132	133	135

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 Gildan Activewear Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Gildan Activewear Inc.