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 158.27% is 26% above its 5-year average of 125.73%, around the middle of its 5-year range (28.49%–254.70%).
As of the fiscal period ended Friday, September 30, 2011. 3.96% below its 12-month average of 164.80%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
158.27%
FCF PAYOUT RATIO AVG TTM
164.80%
FCF PAYOUT RATIO AVG 3Y
150.97%
FCF PAYOUT RATIO AVG 5Y
125.73%
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-3.96%
CURRENT VS 3Y AVG
+4.83%
CURRENT VS 5Y AVG
+25.88%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
158.3%
Earnings Payout Ratio
59.2%
Dividend Yield
2.57%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($420.00M) | $530.40M | N/A (Loss) |
| 2024 | ($861.50M) | $489.20M | N/A (Loss) |
| 2023 | ($710.70M) | $457.30M | N/A (Loss) |
| 2022 | ($793.70M) | $436.60M | N/A (Loss) |
| 2021 | ($620.10M) | $400.30M | N/A (Loss) |
| 2020 | ($654.10M) |
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 |
|---|---|
| 2011-09-30 | 158.27% |
| 2011-06-30 | 174.63% |
| 2011-03-31 | 134.93% |
| 2010-09-30 | 191.37% |
| 2010-06-30 | 254.70% |
| 2009-12-31 | 28.49% |
| 2009-09-30 | 114.39% |
| 2007-03-31 | 46.53% |
| 2006-12-31 | 48.55% |
| 2006-09-30 | 105.44% |
| 2006-06-30 | 139.58% |
| 2005-12-31 | 205.33% |
| 2005-09-30 | 58.58% |
| 2005-06-30 | 71.34% |
| 2005-03-31 | 32.08% |
| 2004-12-31 | 48.06% |
| 2004-09-30 | 65.18% |
| 2004-06-30 | 46.48% |
| 2004-03-31 | 404.14% |
| 2003-06-30 | 218.96% |
| 2003-03-31 | 75.95% |
| $376.70M |
| N/A (Loss) |
| 2019 | ($219.10M) | $354.60M | N/A (Loss) |
| 2018 | ($1.28B) | $284.90M | N/A (Loss) |
| 2017 | ($953.60M) | $229.10M | N/A (Loss) |
| 2016 | ($671.90M) | $205.50M | N/A (Loss) |
| 2015 | $96.10M | $263.40M | 274.1% |
| 2014 | ($708.90M) | $321.30M | N/A (Loss) |
| 2013 | ($443.10M) | $305.90M | N/A (Loss) |
| 2012 | ($223.30M) | $273.20M | N/A (Loss) |
| 2011 | ($255.00M) | $257.80M | N/A (Loss) |
| 2010 | ($83.80M) | $255.60M | N/A (Loss) |
| 2009 | $873.50M | $253.30M | 29.0% |
| 2008 | ($715.40M) | $252.40M | N/A (Loss) |
| 2007 | ($31.10M) | $252.10M | N/A (Loss) |
| 2006 | $518.80M | $251.90M | 48.6% |
| 2005 | $121.90M | $250.30M | 205.3% |
| 2004 | $505.80M | $243.10M | 48.1% |
| 2003 | ($101.70M) | $284.00M | N/A (Loss) |
| 2002 | $550.50M | $241.50M | 43.9% |
| 2001 | $374.50M | $239.00M | 63.8% |
| 2000 | ($372.50M) | $131.80M | N/A (Loss) |
| 1999 | ($626.20M) | $125.60M | N/A (Loss) |
| 1998 | $238.30M | $116.40M | 48.8% |
| 1997 | $209.60M | $111.60M | 53.2% |
| 1996 | $117.90M | $104.00M | 88.2% |
