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 0.09% is 99% below its 5-year average of 13.61%, near the low end of its 5-year range (0.09%–40.23%).
As of the fiscal period ended Thursday, September 30, 2021. 69.12% below its 12-month average of 0.28%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
0.09%
FCF PAYOUT RATIO AVG TTM
0.28%
FCF PAYOUT RATIO AVG 3Y
9.94%
FCF PAYOUT RATIO AVG 5Y
13.61%
FCF PAYOUT RATIO AVG 10Y
13.29%
FCF PAYOUT RATIO AVG 15Y
10.92%
FCF PAYOUT RATIO AVG 20Y
10.81%
CURRENT VS TTM AVG
-69.12%
CURRENT VS 3Y AVG
-99.12%
CURRENT VS 5Y AVG
-99.36%
CURRENT VS 10Y AVG
-99.35%
CURRENT VS 15Y AVG
-99.20%
CURRENT VS 20Y AVG
-99.19%
FCF Payout Ratio TTM
0.1%
Earnings Payout Ratio
11.7%
Dividend Yield
0.36%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2024 | ($1.37B) | $0 | N/A (Loss) |
| 2023 | ($476.00M) | $0 | N/A (Loss) |
| 2022 | $1.74B | $0 | 0.0% |
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 |
|---|---|
| 2021-09-30 | 0.09% |
| 2021-06-30 | 0.48% |
| 2018-09-30 | 29.27% |
| 2018-06-30 | 40.23% |
| 2018-03-31 | 20.35% |
| 2017-12-31 | 11.78% |
| 2017-09-30 | 9.67% |
| 2017-06-30 | 7.61% |
| 2017-03-31 | 12.04% |
| 2016-12-31 | 7.36% |
| 2016-09-30 | 10.78% |
| 2016-06-30 | 181.25% |
| 2015-09-30 | 414.29% |
| 2015-03-31 | 5.21% |
| 2014-12-31 | 2.70% |
| 2014-09-30 | 3.58% |
| 2014-06-30 | 3.19% |
| 2014-03-31 | 10.07% |
| 2013-09-30 | 40.85% |
| 2013-06-30 | 29.29% |
| 2013-03-31 | 9.93% |
| 2012-12-31 | 7.04% |
| 2012-09-30 | 11.15% |
| 2012-06-30 | 19.73% |
| 2009-06-30 | 15.98% |
| 2009-03-31 | 16.92% |
| 2008-12-31 | 16.93% |
| 2008-09-30 | 13.77% |
| 2008-06-30 | 16.82% |
| 2008-03-31 | 10.50% |
| 2007-12-31 | 9.02% |
| 2007-09-30 | 7.07% |
| 2007-06-30 | 6.78% |
| 2007-03-31 | 7.26% |
| 2006-12-31 | 7.17% |
| 2006-09-30 | 9.80% |
| 2006-06-30 | 11.75% |
| 2006-03-31 | 15.35% |
| 2005-12-31 | 12.58% |
| 2005-09-30 | 9.42% |
| 2005-06-30 | 5.47% |
| 2005-03-31 | 4.44% |
| 2004-12-31 | 4.75% |
| 2004-09-30 | 4.86% |
| 2004-06-30 | 10.16% |
| 2004-03-31 | 9.87% |
| 2003-12-31 | 13.41% |
| 2003-09-30 | 13.96% |
| 2003-06-30 | 9.70% |
| 2002-12-31 | 90.48% |
| 2002-09-30 | 7.67% |
| 2002-06-30 | 35.63% |
| 2002-03-31 | 25.34% |
| 2021 |
| $3.23B |
| $0 |
| 0.0% |
| 2020 | ($587.00M) | $8.00M | N/A (Loss) |
| 2019 | ($570.00M) | $35.00M | N/A (Loss) |
| 2018 | ($63.00M) | $36.00M | N/A (Loss) |
| 2017 | $297.00M | $35.00M | 11.8% |
| 2016 | $421.00M | $31.00M | 7.4% |
| 2015 | ($141.00M) | $29.00M | N/A (Loss) |
| 2014 | $1.07B | $29.00M | 2.7% |
| 2013 | ($75.00M) | $29.00M | N/A (Loss) |
| 2012 | $412.00M | $29.00M | 7.0% |
| 2011 | ($680.00M) | $29.00M | N/A (Loss) |
| 2010 | ($1.05B) | $29.00M | N/A (Loss) |
| 2009 | ($680.00M) | $56.00M | N/A (Loss) |
| 2008 | $762.00M | $129.00M | 16.9% |
| 2007 | $1.05B | $95.00M | 9.0% |
| 2006 | $1.07B | $77.00M | 7.2% |
| 2005 | $477.00M | $60.00M | 12.6% |
| 2004 | $821.00M | $39.00M | 4.8% |
| 2003 | $261.00M | $35.00M | 13.4% |
| 2002 | $21.00M | $19.00M | 90.5% |
| 2001 | $382.00M | $57.00M | 14.9% |
| 2000 | ($871.00M) | $97.00M | N/A (Loss) |
| 1999 | ($367.00M) | $97.00M | N/A (Loss) |
| 1998 | $62.00M | $96.00M | 154.8% |
| 1997 | $209.00M | $96.00M | 45.9% |
| 1996 | ($251.00M) | $104.00M | N/A (Loss) |
| 1995 | $263.00M | $93.00M | 35.4% |
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.
