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Medtronic cash flow statement

In fiscal 2026, Medtronic's operations generated $7.33bn of cash; it spent $1.90bn on capital projects, leaving free cash flow of $5.43bn. It returned $3.64bn in dividends and $1.03bn through buybacks.

Cash flow statement

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

Fiscal year2013Apr 20132014Apr 20142015Apr 20152016Apr 20162017Apr 20172018Apr 20182019Apr 20192020Apr 20202021Apr 20212022Apr 20222023Apr 20232024Apr 20242025Apr 20252026Apr 2026LTMJul 2026
Cash from operations4,9424,9594,9025,2186,8804,6847,0077,2346,2407,3466,0396,7877,0447,3308,035
Depreciation and amortisation8198501,3062,8202,9172,6442,6592,6632,7022,7072,6972,6472,8612,9582,035
Stock-based pay152145439375348344290297344359355393429457497
Capital spending4573965711,0461,2541,0681,1341,2131,3551,3681,4591,5871,8591,9041,903
Free cash flow4,4854,5634,3314,1725,6263,6165,8736,0214,8855,9784,5805,2005,1855,4266,132
Free cash flow after stock pay4,3334,4183,8923,7975,2783,2725,5835,7244,5415,6194,2254,8074,7564,9695,635
Dividends paid1,0551,1161,3372,1392,3762,4942,6932,8943,1203,3833,6163,6663,5893,6393,650
Share buybacks1,2472,5531,9202,8303,5442,1712,8771,3266522,5446452,1383,2351,0351,179
Shares issued2671,307649491428403992662474429308284508516441

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 Medtronic's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Medtronic.