Gates Industrial Corp Ltd. cash flow statement

In fiscal 2025, Gates Industrial Corp Ltd.'s operations generated $478m of cash; it spent $73.2m on capital projects, leaving free cash flow of $405m. It returned $119m through buybacks.

Cash flow statement

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

Gates Industrial Corp Ltd.: cash flow statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Jan 2021	2021Jan 2022	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	377	320	314	349	309	382	266	481	380	478	440
Depreciation and amortisation	241	212	219	222	219	223	217	218	217	214	224
Stock-based pay	4	5	6	15	20	25	44	27	29	27	29
Capital spending	59	101	166	72	58	78	78	61	83	73	73
Free cash flow	318	219	147	277	251	305	188	420	297	405	367
Free cash flow after stock pay	314	213	141	262	231	280	144	392	268	378	338
Share buybacks	2	2	0	0	0	11	176	252	176	119	202
Shares issued	1	1	800	2	3	5	16	19	15	10	4

US$ millions unless shown otherwise. Fiscal quarters.

Gates Industrial Corp Ltd.: 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	191	7	103	98	270	30	79	61
Depreciation and amortisation	54	52	53	54	55	56	57	56
Stock-based pay	9	6	10	7	5	6	9	9
Capital spending	23	18	19	18	19	17	18	19
Free cash flow	168	−10	84	81	251	14	60	42
Free cash flow after stock pay	159	−16	74	74	246	7	51	34
Shares issued	5	2	3	5	1	1	2	1

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 Gates Industrial Corp Ltd.'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 Gates Industrial Corp Ltd.