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 782.61% is 61% above its 5-year average of 485.75%, near the high end of its 5-year range (198.30%–895.04%).
As of the fiscal period ended Saturday, March 31, 2012. 53.45% above its 12-month average of 510.02%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
782.61%
FCF PAYOUT RATIO AVG TTM
510.02%
FCF PAYOUT RATIO AVG 3Y
383.43%
FCF PAYOUT RATIO AVG 5Y
485.75%
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
+53.45%
CURRENT VS 3Y AVG
+104.11%
CURRENT VS 5Y AVG
+61.11%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
782.6%
Earnings Payout Ratio
67.6%
Dividend Yield
2.85%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $5.25B | $1.28B | 24.4% |
| 2024 | ($2.72B) | $1.18B | N/A (Loss) |
| 2023 | ($527.00M) | $1.09B | N/A (Loss) |
| 2022 | ($706.00M) | $1.01B | N/A (Loss) |
| 2021 | ($2.06B) | $935.00M | N/A (Loss) |
| 2020 | ($2.52B) | $856.00M |
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 |
|---|---|
| 2012-03-31 | 782.61% |
| 2011-12-31 | 237.43% |
| 2009-12-31 | 315.38% |
| 2009-09-30 | 198.30% |
| 2007-03-31 | 895.04% |
| 2006-12-31 | 115.93% |
| 2006-06-30 | 182.99% |
| 2005-09-30 | 189.50% |
| 2004-09-30 | 26.01% |
| 2004-06-30 | 21.17% |
| 2004-03-31 | 20.78% |
| 2003-12-31 | 21.96% |
| N/A (Loss) |
| 2019 | ($962.00M) | $791.00M | N/A (Loss) |
| 2018 | ($835.00M) | $730.00M | N/A (Loss) |
| 2017 | ($193.00M) | $721.00M | N/A (Loss) |
| 2016 | ($203.25M) | $680.52M | N/A (Loss) |
| 2015 | ($657.52M) | $606.57M | N/A (Loss) |
| 2014 | ($551.60M) | $561.41M | N/A (Loss) |
| 2013 | ($811.29M) | $514.04M | N/A (Loss) |
| 2012 | ($565.45M) | $486.76M | N/A (Loss) |
| 2011 | $199.96M | $474.76M | 237.4% |
| 2010 | ($1.06B) | $432.11M | N/A (Loss) |
| 2009 | $131.56M | $414.92M | 315.4% |
| 2008 | ($433.73M) | $382.28M | N/A (Loss) |
| 2007 | ($543.58M) | $378.89M | N/A (Loss) |
| 2006 | $309.45M | $358.75M | 115.9% |
| 2005 | ($148.30M) | $343.09M | N/A (Loss) |
| 2004 | ($472.51M) | $320.44M | N/A (Loss) |
| 2003 | $1.34B | $303.32M | 22.6% |
| 2002 | ($637.74M) | $496.38M | N/A (Loss) |
| 2001 | ($3.78B) | $518.89M | N/A (Loss) |
| 2000 | ($1.77B) | $494.99M | N/A (Loss) |
| 1999 | $219.10M | $225.50M | 102.9% |
| 1998 | $291.00M | $219.70M | 75.5% |
| 1997 | $293.20M | $207.70M | 70.8% |
| 1996 | $132.00M | $198.20M | 150.2% |
