Nutrien Ltd. cash flow statement NTR

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Nutrien Ltd. generated $4.0 billion of cash from operations, up 13.4% from the year before. It spent $1.9 billion on capital expenditures. That left free cash flow of $2.1 billion. The company returned $1.1 billion in dividends and $551.0 million in share buybacks to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
Operating
Depreciation and amortization
2,369
+1.3%
2,339
+7.8%
2,169
+7.8%
2,012
+3.1%
1,951
—
-1,799
-13.0%
-1,592
Stock-based compensation
163
+340.5%
37
+164.3%
14
-77.8%
63
-68.2%
198
+187.0%
69
-33.7%
104
-10.3%
116
Operating cash flow
4,007
+13.4%
3,535
-30.2%
5,066
-37.5%
8,110
+108.7%
3,886
+16.9%
3,323
-9.3%
3,665
+78.6%
2,052
Investing
Capital expenditures
1,882
-7.1%
2,025
-16.1%
2,415
+7.2%
2,253
—
1,423
-17.7%
1,728
+23.0%
1,405
Investing cash flow
-1,372
+35.7%
-2,133
+27.9%
-2,958
-2.0%
-2,901
-60.5%
-1,807
-50.1%
-1,204
+57.0%
-2,798
-172.0%
3,887
Financing
Debt issued
998
-2.3%
1,022
-31.9%
1,500
+43.5%
1,045
+1115.1%
86
-94.4%
1,541
+2.1%
1,510
—
Dividends paid
1,061
+0.1%
1,060
+2.7%
1,032
+0.1%
1,031
-1.3%
1,045
+1.5%
1,030
+0.8%
1,022
+7.4%
952
Stock buybacks
551
+199.5%
184
-82.4%
1,047
-76.8%
4,520
+336.7%
1,035
+546.9%
160
-91.7%
1,930
+7.2%
1,800
Financing cash flow
-2,817
-93.9%
-1,453
+29.5%
-2,061
+56.4%
-4,731
-57.5%
-3,003
-124.3%
-1,339
+46.0%
-2,479
+33.1%
-3,705
Change in cash
Effect of exchange rate
30
+181.1%
-37
-428.6%
-7
+90.8%
-76
-145.2%
-31
-1133.3%
3
+109.7%
-31
+13.9%
-36
Net change in cash
-152
-72.7%
-88
-320.0%
40
-90.0%
402
+142.1%
-955
-222.0%
783
+147.7%
-1,643
-174.7%
2,198
Free cash flow
2,125
+40.7%
1,510
-43.0%
2,651
-54.7%
5,857
—
1,900
-1.9%
1,937
+199.4%
647
Per share
Free cash flow per share
4.37
+43.0%
3.05
-42.7%
5.33
-50.8%
10.85
—
3.34
+0.4%
3.32
+220.8%
1.04
Dividend per share
—
2.16
+1.9%
2.12
—
—
—
—
—
Shareholder returns
Returned to shareholders
1,612
1,244
2,079
5,551
2,080
1,190
2,952
2,752
Share of free cash flow
75.86%
82.38%
78.42%
94.78%
—
62.63%
152.40%
425.35%
Ratios
Free cash flow margin
7.90%
5.81%
9.12%
15.46%
—
9.09%
9.64%
3.29%
Capital expenditures to revenue
7.00%
7.80%
8.31%
5.95%
—
6.81%
8.60%
7.16%
Stock-based compensation to revenue
0.61%
0.14%
0.05%
0.17%
0.71%
0.33%
0.52%
0.59%
Cash conversion
1.74x
5.05x
3.95x
1.06x
1.22x
7.24x
3.69x
0.57x
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry
Agricultural Chemicals (SIC 2870)
Listed as
NTR (NYSE)
Fiscal year ends
December 31
Incorporated in
Canada (Federal Level)
Headquarters
Saskatoon, Saskatchewan, Canada
SEC CIK
1725964

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.