Medtronic reported cash from operations of $1.79B and free cash flow of $1.29B for the quarter ended Jul 2026, up 64.8% year over year. This cash flow statement covers 49 quarters of results from Jul 2014 through Jul 2026, standardized by Business Quant from the company’s SEC filings.
| Cash Flow Statement | Jul2014 | Oct2014 | Jan2015 | Apr2015 | Jul2015 | Oct2015 | Jan2016 | Apr2016 | Jul2016 | Oct2016 | Jan2017 | Apr2017 | Jul2017 | Oct2017 | Jan2018 | Apr2018 | Jul2018 | Oct2018 | Jan2019 | Apr2019 | Jul2019 | Oct2019 | Jan2020 | Apr2020 | Jul2020 | Oct2020 | Jan2021 | Apr2021 | Jul2021 | Oct2021 | Jan2022 | Apr2022 | Jul2022 | Oct2022 | Jan2023 | Apr2023 | Jul2023 | Oct2023 | Jan2024 | Apr2024 | Jul2024 | Oct2024 | Jan2025 | Apr2025 | Jul2025 | Oct2025 | Jan2026 | Apr2026 | Jul2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income | 1.32B | 1.48B | 1.49B | 0.93B | 0.44B | 1.23B | 1.19B | 0.80B | 0.91B | 1.34B | 0.66B | 1.05B | 1.28B | 1.30B | 1.06B | 1.05B | 1.38B | 1.15B | 1.26B | 1.48B | |||||||||||||||||||||||||||||
| Share-based CompensationStock Comp. | 0.14B | 0.08B | 0.07B | 0.06B | 0.14B | 0.08B | 0.07B | 0.07B | 0.15B | 0.09B | 0.09B | 0.08B | 0.16B | 0.10B | 0.09B | 0.09B | 0.18B | 0.09B | 0.10B | 0.12B | |||||||||||||||||||||||||||||
| Deferred Taxes | -0.07B | -0.16B | -0.37B | -0.02B | -0.07B | 0.01B | -0.15B | -0.04B | -0.21B | -0.26B | 0.09B | -0.03B | -0.14B | -0.23B | 0.17B | -0.01B | -0.10B | -0.01B | 0.13B | ||||||||||||||||||||||||||||||
| Asset Writedowns and ImpairmentWritedown | 0.01B | 0.03B | 0.01B | 0.02B | 0.02B | 0.02B | 0.03B | 0.31B | 0.02B | 0.03B | 0.05B | 0.03B | 0.03B | 0.04B | 0.04B | 0.03B | 0.03B | ||||||||||||||||||||||||||||||||
| Cash from OperationsCash from Ops. | 1.77B | 2.23B | 2.06B | 1.08B | 0.92B | 1.57B | 2.46B | 0.88B | 0.66B | 2.47B | 2.78B | 0.99B | 0.96B | 2.57B | 2.53B | 1.09B | 0.93B | 2.74B | 2.57B | 1.79B | |||||||||||||||||||||||||||||
| Depreciation, Depletion & Amortization | |||||||||||||||||||||||||||||||||||||||||||||||||
| Amortizatization of IntangiblesAmort. of Intangibles | |||||||||||||||||||||||||||||||||||||||||||||||||
| Amortization of Deferred ChargesAmort. Deferred Charges | |||||||||||||||||||||||||||||||||||||||||||||||||
| Depreciation & Amortization (CF)Dep. & Amort. | 0.68B | 0.67B | 0.69B | 0.67B | 0.67B | 0.68B | 0.68B | 0.67B | 0.67B | 0.65B | 0.65B | 0.66B | 0.68B | 0.68B | 0.84B | 0.75B | 0.74B | 0.75B | 0.72B | 0.73B | |||||||||||||||||||||||||||||
| Change in Working Capital | |||||||||||||||||||||||||||||||||||||||||||||||||
| Change in ReceivablesChange Receivables | 0.13B | 0.04B | 0.27B | -0.09B | 0.43B | 0.06B | 0.17B | -0.16B | 0.28B | 0.02B | 0.25B | -0.11B | 0.29B | 0.00B | 0.25B | -0.29B | 0.21B | -0.01B | 0.29B | -0.22B | |||||||||||||||||||||||||||||
| Change in InventoryChange Inventory | 0.08B | 0.20B | 0.20B | 0.38B | 0.40B | 0.15B | 0.00B | 0.41B | 0.21B | -0.09B | -0.39B | 0.22B | 0.06B | 0.20B | -0.19B | 0.37B | 0.30B | 0.13B | -0.40B | 0.24B | |||||||||||||||||||||||||||||
| Change in Accured ExpensesChange Accured Exp. | -0.03B | 0.45B | 0.21B | -0.15B | 0.13B | 0.18B | 0.53B | -0.67B | -0.03B | 0.45B | 0.64B | -0.60B | -0.10B | 0.55B | 0.37B | -0.60B | -0.18B | 0.70B | 0.12B | -0.53B | |||||||||||||||||||||||||||||
| Other Working Capital ChangesOther WC Changes | 0.09B | 0.04B | -0.38B | 0.31B | -0.41B | 0.44B | -0.20B | -0.10B | 0.58B | -0.00B | -0.14B | 0.19B | 0.61B | -0.12B | -0.15B | 0.46B | 0.73B | -0.12B | -0.21B | 0.12B | |||||||||||||||||||||||||||||
| Investing Activities | |||||||||||||||||||||||||||||||||||||||||||||||||
| Capital ExpendituresCapex | 0.27B | 0.33B | 0.39B | 0.43B | 0.32B | 0.33B | 0.38B | 0.35B | 0.46B | 0.35B | 0.43B | 0.52B | 0.40B | 0.48B | 0.46B | 0.50B | 0.47B | 0.44B | 0.49B | 0.50B | |||||||||||||||||||||||||||||
| Acquisitions | 0.09B | 1.19B | 0.68B | 0.02B | 0.05B | 0.14B | 0.10B | 0.41B | 1.16B | ||||||||||||||||||||||||||||||||||||||||
| Change in Acquisitions & DivestmentsChange Acquisitions | 0.01B | 0.01B | 2.56B | 1.89B | 0.00B | 1.96B | 1.75B | 1.59B | 1.81B | 2.30B | 2.16B | 2.18B | 1.92B | 2.24B | 2.01B | 1.95B | 2.02B | 2.12B | 2.21B | ||||||||||||||||||||||||||||||
| Cash from Investing ActivitiesCash from Investing | -0.71B | -0.44B | 0.27B | -1.58B | -1.15B | -0.29B | -0.47B | -0.54B | -0.42B | -0.71B | -0.70B | -0.26B | -0.34B | -0.84B | -0.49B | -0.72B | -0.48B | -0.82B | -0.92B | -1.62B | |||||||||||||||||||||||||||||
| Financing Activities | |||||||||||||||||||||||||||||||||||||||||||||||||
| Other financing activitiesOther financing | -0.04B | -0.01B | 0.21B | 0.27B | 0.17B | -0.72B | -0.13B | -0.01B | 0.16B | -0.20B | 0.04B | -0.01B | -0.05B | 0.16B | -0.28B | 0.07B | -0.01B | -0.01B | 0.48B | 0.01B | |||||||||||||||||||||||||||||
| Cash from Financing ActivitiesCash from Financing | -1.16B | -1.18B | -1.95B | -0.95B | 3.01B | -2.13B | -4.89B | -0.50B | -0.09B | -1.50B | -2.36B | -0.73B | -0.53B | -1.75B | -1.34B | -1.38B | -0.40B | -2.09B | -0.89B | -0.34B | |||||||||||||||||||||||||||||
| Change in Capital Stock | |||||||||||||||||||||||||||||||||||||||||||||||||
| Net Equity Issued and RepurchasedNet Equity Issued | 0.16B | 0.07B | 0.09B | 0.04B | 0.11B | 0.06B | 0.10B | 0.08B | 0.07B | 0.06B | 0.08B | 0.09B | 0.14B | 0.17B | 0.11B | 0.10B | 0.16B | 0.16B | 0.10B | 0.02B | |||||||||||||||||||||||||||||
| Dividend Payments | |||||||||||||||||||||||||||||||||||||||||||||||||
| Dividends Paid - CommonDiv. Paid (Common) | 0.85B | 0.85B | 0.84B | 0.90B | 0.90B | 0.90B | 0.91B | 0.92B | 0.92B | 0.92B | 0.91B | 0.90B | 0.90B | 0.90B | 0.90B | 0.91B | 0.91B | 0.91B | 0.91B | 0.92B | |||||||||||||||||||||||||||||
| Additional items | |||||||||||||||||||||||||||||||||||||||||||||||||
| Exchange Rate EffectFX Effect | -0.01B | -0.04B | -0.14B | -0.12B | -0.10B | 0.54B | -0.07B | -0.04B | -0.17B | 0.04B | -0.06B | 0.03B | 0.00B | -0.13B | 0.28B | 0.07B | -0.04B | 0.02B | 0.03B | -0.09B | |||||||||||||||||||||||||||||
| Change in Cash | -0.10B | 0.58B | 0.23B | -1.57B | 2.69B | -0.31B | -2.98B | -0.20B | -0.03B | 0.31B | -0.34B | 0.03B | 0.08B | -0.15B | 0.98B | -0.94B | 0.01B | -0.14B | 0.80B | -0.26B | |||||||||||||||||||||||||||||
| Free Cash FlowFCF | 1.50B | 1.90B | 1.67B | 0.66B | 0.60B | 1.24B | 2.08B | 0.52B | 0.20B | 2.13B | 2.35B | 0.47B | 0.55B | 2.10B | 2.07B | 0.58B | 0.46B | 2.30B | 2.08B | 1.29B | |||||||||||||||||||||||||||||
| Net Cash FlowNCF | -0.10B | 0.61B | 0.38B | -1.45B | 2.79B | -0.85B | -2.90B | -0.17B | 0.15B | 0.27B | -0.28B | -0.00B | 0.08B | -0.02B | 0.69B | -1.01B | 0.05B | -0.16B | 0.77B | -0.17B |