Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the FCF payout ratio high or low?
The FCF payout ratio of 623.53% is 188% above its 5-year average of 216.49%, near the high end of its 5-year range (57.85%–648.39%).
As of the fiscal period ended Friday, June 30, 2017.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
623.53%
FCF PAYOUT RATIO AVG TTM
N/A
FCF PAYOUT RATIO AVG 3Y
635.96%
FCF PAYOUT RATIO AVG 5Y
216.49%
FCF PAYOUT RATIO AVG 10Y
86.28%
FCF PAYOUT RATIO AVG 15Y
145.78%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
-1.95%
CURRENT VS 5Y AVG
+188.01%
CURRENT VS 10Y AVG
+622.68%
CURRENT VS 15Y AVG
+327.71%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
623.5%
Earnings Payout Ratio
54.3%
Dividend Yield
2.66%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($821.00M) | $768.00M | N/A (Loss) |
| 2024 | ($1.65B) | $714.00M | N/A (Loss) |
| 2023 | ($1.21B) | $662.00M | N/A (Loss) |
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2017-06-30 | 623.53% |
| 2015-12-31 | 648.39% |
| 2013-12-31 | 144.24% |
| 2013-09-30 | 131.42% |
| 2013-06-30 | 97.98% |
| 2013-03-31 | 87.22% |
| 2012-12-31 | 84.33% |
| 2012-09-30 | 73.50% |
| 2012-06-30 | 57.85% |
| 2012-03-31 | 64.36% |
| 2011-12-31 | 47.77% |
| 2011-11-23 | 47.89% |
| 2011-06-30 | 41.84% |
| 2011-03-31 | 38.13% |
| 2010-12-31 | 50.63% |
| 2010-09-30 | 69.60% |
| 2010-06-30 | 100.56% |
| 2010-03-31 | 287.29% |
| 2009-12-31 | 243.17% |
| 2007-03-31 | 355.78% |
| 2006-12-31 | 200.77% |
| 2006-09-30 | 387.31% |
| 2006-03-31 | 307.74% |
| 2005-12-31 | 228.13% |
| 2005-09-30 | 89.88% |
| 2005-06-30 | 89.29% |
| 2005-03-31 | 124.55% |
| 2004-12-31 | 148.30% |
| 2004-09-30 | 320.28% |
| 2004-06-30 | 141.88% |
| 2004-03-31 | 122.54% |
| 2003-12-31 | 117.48% |
| 2003-09-30 | 150.00% |
| 2003-06-30 | 213.37% |
| 2022 |
| ($1.12B) |
| $610.00M |
| N/A (Loss) |
| 2021 | ($1.86B) | $565.00M | N/A (Loss) |
| 2020 | ($1.57B) | $494.00M | N/A (Loss) |
| 2019 | ($272.00M) | $472.00M | N/A (Loss) |
| 2018 | ($168.00M) | $451.00M | N/A (Loss) |
| 2017 | ($77.00M) | $431.00M | N/A (Loss) |
| 2016 | ($14.00M) | $416.00M | N/A (Loss) |
| 2015 | $62.00M | $402.00M | 648.4% |
| 2014 | ($294.00M) | $390.00M | N/A (Loss) |
| 2013 | $269.00M | $388.00M | 144.2% |
| 2012 | $536.00M | $382.00M | 71.3% |
| 2011 | $935.00M | $375.00M | 40.1% |
| 2010 | $713.00M | $368.00M | 51.6% |
| 2009 | $193.00M | $338.00M | 175.1% |
| 2008 | ($545.00M) | $534.00M | N/A (Loss) |
| 2007 | ($347.00M) | $548.00M | N/A (Loss) |
| 2006 | $248.00M | $522.00M | 210.5% |
| 2005 | $299.00M | $511.00M | 170.9% |
| 2004 | $323.00M | $479.00M | 148.3% |
| 2003 | $340.00M | $410.00M | 120.6% |
| 2002 | $18.00M | $376.00M | n/m |
| 2001 | ($389.00M) | $349.00M | N/A (Loss) |
| 2000 | ($94.67M) | $348.53M | N/A (Loss) |
| 1999 | $324.90M | $348.50M | 107.3% |
| 1998 | $457.90M | $348.50M | 76.1% |
| 1997 | $271.40M | $331.30M | 122.1% |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
