Nutrien Ltd. cash flow statement

In fiscal 2025, Nutrien Ltd.'s operations generated $4.01bn of cash; it spent $1.88bn on capital projects, leaving free cash flow of $2.13bn. It returned $1.06bn in dividends and $551m through buybacks.

Cash flow statement

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

Nutrien Ltd.: 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	1,225	2,052	3,665	3,323	3,886	8,110	5,066	3,535	4,007
Depreciation and amortisation	−692	−1,592	−1,799	1,989	1,951	2,012	2,169	2,339	2,369
Stock-based pay	11	116	104	69	198	63	−14	37	163
Capital spending	651	1,405	1,728	1,423	1,777	2,253	2,415	2,025	1,882
Free cash flow	574	647	1,937	1,900	2,109	5,857	2,651	1,510	2,125
Free cash flow after stock pay	563	531	1,833	1,831	1,911	5,794	2,665	1,473	1,962
Dividends paid	330	952	1,022	1,030	1,045	1,031	1,032	1,060	1,061
Share buybacks	—	1,800	1,930	160	1,035	4,520	1,047	184	551

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 Nutrien Ltd.'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 Nutrien Ltd.