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 615.03% is in line with its 1-year average of 604.39%, near the high end of its 1-year range (593.75%–615.03%).
As of the fiscal period ended Sunday, March 31, 2019. 1.76% above its 12-month average of 604.39%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
615.03%
FCF PAYOUT RATIO AVG TTM
604.39%
FCF PAYOUT RATIO AVG 3Y
604.39%
FCF PAYOUT RATIO AVG 5Y
604.39%
FCF PAYOUT RATIO AVG 10Y
573.75%
FCF PAYOUT RATIO AVG 15Y
644.83%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+1.76%
CURRENT VS 3Y AVG
+1.76%
CURRENT VS 5Y AVG
+1.76%
CURRENT VS 10Y AVG
+7.19%
CURRENT VS 15Y AVG
-4.62%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
615.0%
Earnings Payout Ratio
77.2%
Dividend Yield
3.76%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($7.28B) | $2.28B | N/A (Loss) |
| 2024 | ($7.41B) | $2.24B | N/A (Loss) |
| 2023 | ($3.66B) | $2.23B | N/A (Loss) |
| 2022 | ($4.06B) | $2.21B | N/A (Loss) |
| 2021 | ($2.02B) | $2.04B | N/A (Loss) |
| 2020 | ($1.10B) | $2.87B | N/A (Loss) |
| 2019 | ($117.00M) | $2.98B | N/A (Loss) |
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.
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 |
|---|---|
| 2019-03-31 | 615.03% |
| 2018-12-31 | 593.75% |
| 2012-09-30 | 948.03% |
| 2009-09-30 | 390.42% |
| 2009-06-30 | 321.50% |
| 2005-03-31 | 677.69% |
| 2004-12-31 | 967.42% |
| 2003-06-30 | 404.12% |
| 2018 |
| $368.00M |
| $2.19B |
| 593.8% |
| 2017 | ($1.41B) | $1.93B | N/A (Loss) |
| 2016 | ($2.00B) | $1.73B | N/A (Loss) |
| 2015 | ($1.52B) | $1.54B | N/A (Loss) |
| 2014 | ($2.11B) | $1.41B | N/A (Loss) |
| 2013 | ($671.00M) | $1.32B | N/A (Loss) |
| 2012 | ($8.00M) | $1.23B | N/A (Loss) |
| 2011 | ($669.00M) | $1.15B | N/A (Loss) |
| 2010 | ($1.60B) | $1.09B | N/A (Loss) |
| 2009 | ($51.00M) | $1.06B | N/A (Loss) |
| 2008 | ($895.00M) | $916.00M | N/A (Loss) |
| 2007 | ($4.22B) | $931.00M | N/A (Loss) |
| 2006 | ($47.00M) | $970.00M | N/A (Loss) |
| 2005 | ($735.00M) | $923.00M | N/A (Loss) |
| 2004 | $20.00M | $861.00M | n/m |
| 2003 | ($1.08B) | $825.00M | N/A (Loss) |
| 2002 | ($380.00M) | $723.00M | N/A (Loss) |
| 2001 | $246.00M | $649.00M | 263.8% |
| 2000 | ($395.00M) | $615.00M | N/A (Loss) |
| 1999 | $451.00M | $493.00M | 109.3% |
| 1998 | $503.10M | $504.20M | 100.2% |
| 1997 | $489.10M | $478.00M | 97.7% |
| 1996 | $548.20M | $460.10M | 83.9% |
