Cash Flow Statement

Operating Cash Flow

+77%

+52%

10Y

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Operating Cash Flow
Net Income	152	191	244	281	320	325	339	386	448	516	579	648	701	749	778	805	826	870	919	950	976	969	979	1 008	1 021	1 115	1 175	1 070	771	462	338	385	593	791	866	937	1 067	1 176	1 274	1 352	1 377	1 421	1 401	1 220	1 289	1 404	1 571	1 873	1 934	1 609	1 700	1 803	1 829	2 192	2 032	1 974	1 910	1 867	1 944	1 919	1 948	1 972	2 849	2 986	3 041	3 136	2 153	2 146	2 181	2 206	2 392	2 213	2 129	1 547	1 392	1 415	1 436	1 888	2 071	2 146	2 220	2 316	2 294	2 465	2 571	2 714	2 999	3 223	3 406	3 655	3 773	3 798	3 941	3 929	3 929	4 090
Depreciation & Amortization	429	409	391	376	379	390	393	394	402	404	412	400	400	401	402	409	415	424	431	434	437	447	456	439	456	492	530	571	584	572	565	573	575	569	557	551	549	554	557	556	557	554	556	598	703	810	919	997	1 001	1 006	1 000	983	960	944	932	925	932	932	933	929	921	915	914	914	919	918	909	903	894	888	891	884	862	839	819	811	820	851	892	922	958	964	954	954	948	941	933	926	913	912	918	921	928	962	985	1 006
Change in Deffered Taxes	0	0	0	(51)	0	0	0	(54)	0	0	0	(133)	0	0	0	(20)	0	0	0	37	0	0	0	(51)	0	0	(174)	(225)	0	0	(266)	(191)	0	0	(38)	26	0	0	0	(113)	0	0	0	(155)	0	0	0	(311)	(335)	(567)	(597)	(382)	(344)	(155)	(197)	(105)	(132)	(150)	(109)	(83)	(108)	(116)	(159)	(206)	(180)	(208)	(236)	(115)	(106)	1	25	(71)	(84)	(46)	(7)	(86)	(109)	(191)	(202)	(111)	(57)	(52)	(62)	(128)	(126)	(117)	(123)	(182)	(167)	(170)	(201)	(154)	(161)	(40)	8	45
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	27	8	15	23	30	29	30	29	29	29	27	27	28	26	22	17	11	0	0	0	5	0	0	0	7	0	0	0	11	0	0	0	134	0	0	0	96	0	0	0	141	0	0	0	140	0	0	0	100	0	0	0	110	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	(75)	(75)	(70)	(1)	0	0	17	83	0	0	0	105	0	0	0	148	0	100	121	130	168	127	109	34	34	0	0	75	14	124	89	(26)	(291)	(335)	(284)	(224)	(180)	(405)	(471)	(425)	(488)	(374)	(146)	(204)	5	61	(101)	(48)	(105)	(160)	(138)	(197)	(160)	(76)	(68)	(38)	124	102	69	(57)	(146)	(148)	(1 237)	(1 128)	(1 047)	(1 063)	13	8	2	17	25	89	18	26	34	(26)	(182)	(224)	(475)	(507)	(328)	(323)	(101)	(110)	(84)	(92)	(112)	(118)	(134)	(127)	(117)	(104)	(87)	(90)	(83)	(97)
Cash Taxes Paid	0	0	0	61	0	0	0	137	0	0	0	161	0	0	0	171	0	0	0	129	0	0	0	141	0	0	0	185	0	0	0	124	0	0	0	141	0	0	0	191	0	0	0	254	0	0	0	272	0	0	0	258	0	0	0	302	0	0	0	272	0	0	0	288	0	0	0	371	0	0	0	425	0	0	0	391	0	0	0	753	0	0	0	393	0	0	0	727	0	0	0	752	0	0	0	909
Cash Interest Paid	0	0	0	116	0	0	0	105	0	0	0	96	0	0	0	112	0	0	0	151	0	0	0	204	0	0	0	206	0	0	0	180	0	0	0	170	0	0	0	174	0	0	0	276	0	0	0	294	0	0	0	296	0	0	0	271	0	0	0	266	0	0	0	293	0	0	0	313	0	0	0	279	0	0	0	216	0	0	0	207	0	0	0	250	0	0	0	319	0	0	0	329	0	0	0	351
Change in Working Capital	161	182	276	295	166	177	76	65	61	69	(39)	(182)	(169)	(226)	(180)	(207)	(72)	(106)	(31)	(120)	(270)	(321)	(275)	(272)	(205)	(202)	(234)	(50)	456	589	821	667	465	438	131	(8)	(322)	(329)	(153)	(122)	121	84	(162)	205	20	(118)	(134)	(226)	(298)	333	(159)	(329)	(342)	(1 016)	(126)	(347)	(114)	135	(125)	(138)	30	(149)	58	100	(191)	(316)	(122)	(284)	(101)	139	1	336	297	732	698	830	910	426	27	(287)	(841)	(1 245)	(944)	(648)	(483)	(108)	(185)	(225)	(254)	(410)	(344)	(135)	(531)	(701)	(737)	(572)
Cash from Operating Activities	739 N/A	779 +5%	913 +17%	900 -1%	813 -10%	840 +3%	774 -8%	874 +13%	905 +4%	976 +8%	934 -4%	838 -10%	904 +8%	896 -1%	972 +8%	1 135 +17%	1 169 +3%	1 288 +10%	1 440 +12%	1 431 -1%	1 190 -17%	1 101 -7%	1 148 +4%	1 158 +1%	1 255 +8%	1 282 +2%	1 222 -5%	1 441 +18%	1 553 +8%	1 522 -2%	1 547 +2%	1 408 -9%	1 151 -18%	1 272 +11%	1 232 -3%	1 282 +4%	1 140 -11%	1 022 -10%	1 244 +22%	1 248 +0%	1 454 +17%	1 572 +8%	1 536 -2%	1 664 +8%	1 862 +12%	2 002 +8%	2 100 +5%	2 285 +9%	2 197 -4%	2 221 +1%	1 806 -19%	1 878 +4%	1 943 +3%	1 889 -3%	2 573 +36%	2 409 -6%	2 720 +13%	2 886 +6%	2 712 -6%	2 570 -5%	2 645 +3%	2 474 -6%	2 425 -2%	2 666 +10%	2 542 -5%	2 467 -3%	2 717 +10%	2 658 -2%	2 870 +8%	3 251 +13%	3 334 +3%	3 451 +4%	3 222 -7%	3 098 -4%	2 936 -5%	2 944 +0%	2 875 -2%	2 750 -4%	2 313 -16%	2 163 -6%	1 952 -10%	1 660 -15%	2 141 +29%	2 533 +18%	2 826 +12%	3 338 +18%	3 512 +5%	3 624 +3%	3 764 +4%	3 860 +3%	4 029 +4%	4 326 +7%	4 090 -5%	4 060 -1%	4 102 +1%	4 472 +9%
Investing Cash Flow
Capital Expenditures	(272)	(243)	(231)	(228)	(231)	(251)	(266)	(273)	(279)	(293)	(295)	(330)	(347)	(344)	(363)	(363)	(359)	(358)	(354)	(360)	(365)	(364)	(365)	(354)	(370)	(428)	(464)	(448)	(413)	(327)	(246)	(195)	(185)	(200)	(266)	(394)	(444)	(514)	(571)	(568)	(585)	(578)	(541)	(593)	(610)	(613)	(608)	(614)	(602)	(599)	(620)	(632)	(627)	(642)	(622)	(506)	(512)	(506)	(484)	(497)	(502)	(497)	(502)	(520)	(535)	(554)	(580)	(565)	(583)	(583)	(595)	(587)	(550)	(491)	(437)	(389)	(396)	(459)	(510)	(575)	(571)	(557)	(552)	(598)	(609)	(630)	(723)	(757)	(814)	(841)	(796)	(808)	(772)	(787)	(782)	(919)
Other Items	224	(50)	(75)	(187)	(136)	(357)	(614)	(696)	(516)	(413)	(343)	(3)	(380)	(244)	(262)	(905)	(1 070)	(1 031)	(1 141)	(651)	(753)	(822)	(627)	(1 102)	(1 248)	(3 294)	(3 125)	(2 742)	(2 181)	(141)	(274)	(30)	38	(76)	(157)	(618)	(368)	(457)	(418)	(232)	(340)	(629)	(707)	(6 379)	(5 730)	(5 171)	(5 364)	412	(69)	(61)	568	775	413	430	99	(69)	(169)	(66)	(89)	(32)	(97)	(414)	(91)	303	410	886	542	167	254	(488)	(379)	(1 279)	(148)	235	112	786	(2 508)	(4 527)	(1 490)	(1 189)	246	2 454	(507)	(602)	47	(778)	(1 276)	(1 818)	(1 604)	(1 215)	3	537	1 701	537	(272)	(182)
Cash from Investing Activities	(48) N/A	(293) -510%	(306) -4%	(415) -36%	(367) +12%	(608) -66%	(880) -45%	(969) -10%	(795) +18%	(706) +11%	(638) +10%	(333) +48%	(727) -118%	(588) +19%	(625) -6%	(1 268) -103%	(1 429) -13%	(1 389) +3%	(1 495) -8%	(1 011) +32%	(1 118) -11%	(1 186) -6%	(992) +16%	(1 456) -47%	(1 618) -11%	(3 722) -130%	(3 589) +4%	(3 190) +11%	(2 594) +19%	(468) +82%	(520) -11%	(225) +57%	(147) +35%	(276) -88%	(423) -53%	(1 012) -139%	(812) +20%	(971) -20%	(989) -2%	(800) +19%	(925) -16%	(1 207) -30%	(1 248) -3%	(6 972) -459%	(6 340) +9%	(5 784) +9%	(5 972) -3%	(202) +97%	(671) -232%	(660) +2%	(52) +92%	143 N/A	(214) N/A	(212) +1%	(523) -147%	(575) -10%	(681) -18%	(572) +16%	(573) 0%	(529) +8%	(599) -13%	(911) -52%	(593) +35%	(217) +63%	(125) +42%	332 N/A	(38) N/A	(398) -947%	(329) +17%	(1 071) -226%	(974) +9%	(1 866) -92%	(698) +63%	(256) +63%	(325) -27%	397 N/A	(2 904) N/A	(4 986) -72%	(2 000) +60%	(1 764) +12%	(325) +82%	1 897 N/A	(1 059) N/A	(1 200) -13%	(562) +53%	(1 408) -151%	(1 999) -42%	(2 575) -29%	(2 418) +6%	(2 056) +15%	(793) +61%	(271) +66%	929 N/A	(250) N/A	(1 054) -322%	(1 101) -4%
Financing Cash Flow
Net Issuance of Common Stock	29	44	52	45	51	332	384	409	208	(84)	(124)	(112)	(139)	(362)	(355)	(382)	(101)	53	(32)	(278)	(430)	(495)	(442)	(199)	(82)	1 563	1 434	1 469	1 452	(86)	0	27	52	63	27	157	137	115	(120)	(272)	(232)	(222)	59	95	108	129	139	121	88	(12)	(194)	(596)	(756)	(665)	(785)	(630)	(576)	(764)	(731)	(656)	(790)	(814)	(879)	(784)	(848)	(947)	(626)	(1 242)	(1 121)	(1 078)	(1 608)	(963)	(2 089)	(1 831)	(1 458)	(1 537)	(289)	(299)	(178)	(59)	(99)	(187)	(255)	(258)	(163)	(39)	85	78	(36)	(660)	(1 556)	(2 423)	(2 934)	(3 009)	(2 494)	(1 823)
Net Issuance of Debt	(639)	(450)	(548)	(444)	(384)	(417)	(166)	(194)	(168)	(33)	(3)	(206)	156	272	196	722	551	215	308	54	549	770	529	735	735	1 251	1 195	667	(79)	(704)	(712)	(753)	(713)	(591)	(311)	(47)	(17)	281	276	300	292	574	216	5 715	5 029	4 184	4 493	(1 087)	(657)	(714)	(661)	(582)	(62)	(273)	(406)	(602)	(688)	(424)	(231)	(22)	(259)	356	458	(554)	(348)	(829)	(1 407)	(164)	(283)	297	717	725	777	129	(10)	(503)	1 676	3 787	974	805	(352)	(1 986)	471	300	(722)	(490)	(71)	488	398	581	43	61	874	836	1 099	342
Cash Paid for Dividends	(120)	(121)	(122)	(123)	(124)	(124)	(129)	(134)	(144)	(154)	(158)	(163)	(169)	(174)	(179)	(184)	(189)	(195)	(208)	(220)	(231)	(242)	(246)	(251)	(261)	(281)	(301)	(320)	(330)	(331)	(332)	(334)	(335)	(335)	(349)	(363)	(395)	(427)	(446)	(462)	(473)	(485)	(498)	(512)	(579)	(654)	(725)	(796)	(831)	(866)	(899)	(929)	(951)	(976)	(1 000)	(1 026)	(1 031)	(1 033)	(1 035)	(1 037)	(1 044)	(1 053)	(1 060)	(1 068)	(1 089)	(1 109)	(1 129)	(1 149)	(1 167)	(1 180)	(1 192)	(1 201)	(1 190)	(1 184)	(1 178)	(1 175)	(1 184)	(1 196)	(1 207)	(1 219)	(1 239)	(1 260)	(1 280)	(1 299)	(1 313)	(1 337)	(1 357)	(1 379)	(1 413)	(1 443)	(1 474)	(1 500)	(1 529)	(1 562)	(1 592)	(1 626)
Other	24	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2	17	23	24	28	38	39	45	35	16	8	43	(1)	(6)	(9)	(34)	(1)	0	4	47	(8)	(10)	(15)	(74)	53	69	32	75	182	181	226	184	26	31	28	23	(23)	(45)	(50)	(48)	(47)	(60)	(54)	(62)	(23)	(31)	(34)	(29)	(36)	(37)	(36)	(33)	(26)	(38)	(51)	(53)	(55)	(51)	(43)	(44)	(43)	(56)	(63)	(62)	(62)	(68)	(63)	(82)	(83)	(75)	(79)	(59)	(58)	(75)	(75)	(69)	(74)	(55)	(59)	(69)	(66)
Cash from Financing Activities	(717) N/A	(527) +26%	(618) -17%	(522) +16%	(481) +8%	(209) +57%	89 N/A	81 -9%	(104) N/A	(271) -161%	(285) -5%	(481) -69%	(152) +68%	(264) -74%	(338) -28%	158 N/A	278 +76%	96 -65%	92 -4%	(416) N/A	(74) +82%	72 N/A	(114) N/A	320 N/A	408 +28%	2 541 +523%	2 371 -7%	1 815 -23%	1 037 -43%	(1 130) N/A	(1 032) +9%	(1 061) -3%	(1 005) +5%	(868) +14%	(586) +32%	(261) +55%	(285) -9%	(46) +84%	(364) -691%	(381) -5%	(344) +10%	(101) +71%	(148) -47%	5 480 N/A	4 739 -14%	3 885 -18%	4 091 +5%	(1 736) N/A	(1 369) +21%	(1 564) -14%	(1 731) -11%	(2 130) -23%	(1 814) +15%	(1 964) -8%	(2 239) -14%	(2 305) -3%	(2 355) -2%	(2 275) +3%	(2 059) +9%	(1 738) +16%	(2 124) -22%	(1 545) +27%	(1 510) +2%	(2 442) -62%	(2 322) +5%	(2 921) -26%	(3 195) -9%	(2 581) +19%	(2 609) -1%	(2 012) +23%	(2 136) -6%	(1 494) +30%	(2 553) -71%	(2 929) -15%	(2 690) +8%	(3 258) -21%	147 N/A	2 229 +1 416%	(473) N/A	(535) -13%	(1 758) -229%	(3 496) -99%	(1 146) +67%	(1 340) -17%	(2 273) -70%	(1 945) +14%	(1 402) +28%	(871) +38%	(1 126) -29%	(1 597) -42%	(3 056) -91%	(3 936) -29%	(3 644) +7%	(3 794) -4%	(3 056) +19%	(3 173) -4%
Change in Cash
Effect of Foreign Exchange Rates	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6	0	0	0	(20)	(8)	5	16	30	7	(27)	(20)	(16)	7	28	(8)	(15)	(19)	(21)	7	20	11	0	(2)	(9)	(12)	6	(10)	(25)	(36)	(41)	(48)	(42)	(14)	(19)	(4)	(28)	(33)	(29)	(25)	11	0	66	52	43	54	(12)	(2)	(4)	(35)	(33)	(41)	(15)	(3)	(6)	2	(5)	14	23	23	4	7	5	7	16	18	(20)	(54)	(52)	(72)	(158)	(138)	(131)
Net Change in Cash	(26) N/A	(41) -58%	(11) +73%	(37) -236%	(35) +5%	23 N/A	(17) N/A	(14) +18%	6 N/A	(1) N/A	11 N/A	24 +118%	25 +4%	44 +76%	9 -80%	25 +178%	18 -28%	(5) N/A	37 N/A	4 -89%	(2) N/A	(13) -550%	42 N/A	28 -33%	45 +61%	101 +124%	4 -96%	46 +1 050%	(12) N/A	(71) -492%	11 N/A	152 +1 282%	6 -96%	101 +1 583%	203 +101%	(7) N/A	50 N/A	33 -34%	(117) N/A	52 N/A	166 +219%	243 +46%	147 -40%	192 +31%	272 +42%	103 -62%	217 +111%	338 +56%	145 -57%	3 -98%	13 +333%	(134) N/A	(121) +10%	(328) -171%	(237) +28%	(513) -116%	(330) +36%	20 N/A	76 +280%	275 +262%	(111) N/A	(11) +90%	297 N/A	18 -94%	95 +428%	(56) N/A	(464) -729%	(278) +40%	(14) +95%	156 N/A	222 +42%	87 -61%	(64) N/A	(120) -88%	(120) N/A	68 N/A	115 +69%	(13) N/A	(158) -1 115%	(141) +11%	(117) +17%	84 N/A	(41) N/A	(3) +93%	(2) +33%	(10) -400%	118 N/A	194 +64%	238 +23%	187 -21%	126 -33%	67 -47%	1 303 +1 845%	(142) N/A	(146) -3%	67 N/A
Free Cash Flow
Free Cash Flow	467 N/A	536 +15%	682 +27%	672 -1%	582 -13%	589 +1%	508 -14%	601 +18%	626 +4%	683 +9%	639 -6%	508 -21%	557 +10%	552 -1%	609 +10%	772 +27%	810 +5%	930 +15%	1 086 +17%	1 071 -1%	825 -23%	737 -11%	783 +6%	804 +3%	885 +10%	854 -4%	758 -11%	993 +31%	1 140 +15%	1 195 +5%	1 301 +9%	1 213 -7%	966 -20%	1 072 +11%	966 -10%	888 -8%	696 -22%	508 -27%	673 +32%	680 +1%	869 +28%	994 +14%	995 +0%	1 071 +8%	1 252 +17%	1 389 +11%	1 492 +7%	1 671 +12%	1 595 -5%	1 622 +2%	1 186 -27%	1 246 +5%	1 316 +6%	1 247 -5%	1 951 +56%	1 903 -2%	2 208 +16%	2 380 +8%	2 228 -6%	2 073 -7%	2 143 +3%	1 977 -8%	1 923 -3%	2 146 +12%	2 007 -6%	1 913 -5%	2 137 +12%	2 093 -2%	2 287 +9%	2 668 +17%	2 739 +3%	2 864 +5%	2 672 -7%	2 607 -2%	2 499 -4%	2 555 +2%	2 479 -3%	2 291 -8%	1 803 -21%	1 588 -12%	1 381 -13%	1 103 -20%	1 589 +44%	1 935 +22%	2 217 +15%	2 708 +22%	2 789 +3%	2 867 +3%	2 950 +3%	3 019 +2%	3 233 +7%	3 518 +9%	3 318 -6%	3 273 -1%	3 320 +1%	3 553 +7%

Income Statement Balance Sheet Cash Flow Statement

Eaton Corporation PLC
NYSE:ETN

Cash Flow Statement

Cash Flow Statement
Eaton Corporation PLC

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Eaton Corporation PLC NYSE:ETN

Cash Flow Statement

Cash Flow Statement Eaton Corporation PLC

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Eaton Corporation PLC
NYSE:ETN

Cash Flow Statement
Eaton Corporation PLC