GlaxoSmithKline PLC (GSK) — Cash Flow Reinvestment Rate
Latest as of September 2025:
1.08x
GlaxoSmithKline PLC (GSK) has a Cash Flow Reinvestment Rate of 1.08x as of September 2025, reinvesting GBX2.41 Billion (capex GBX879.00 Million plus investments GBX-1.53 Billion) from operating cash flow of GBX2.22 Billion. See GSK free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
1.08x
(Capex + Investments) / Operating CF
Total Reinvested
GBX2.41 Billion
Capex + Investments
Operating Cash Flow
GBX2.22 Billion
GBX
Capital Expenditures
GBX879.00 Million
GBX
GlaxoSmithKline PLC Cash Flow Reinvestment Rate (1990–2024)
Historical reinvestment intensity for GlaxoSmithKline PLC across 40 annual periods. For the full cash flow conversion analysis, see GSK cash generation efficiency.
Annual Cash Flow Reinvestment Rate for GlaxoSmithKline PLC (1990–2024)
Year-by-year capital reinvestment analysis for GlaxoSmithKline PLC. See GSK FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (GBX) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.64x | GBX4.21 Billion | GBX6.55 Billion | GBX2.98 Billion | ▲ +10.4% |
| 2023 | 0.58x | GBX3.94 Billion | GBX6.77 Billion | GBX2.34 Billion | ▼ -60.9% |
| 2022 | 1.49x | GBX11.03 Billion | GBX7.40 Billion | GBX2.26 Billion | ▲ +262.9% |
| 2021 | 0.41x | GBX3.27 Billion | GBX7.95 Billion | GBX2.93 Billion | ▼ -31.9% |
| 2020 | 0.60x | GBX5.09 Billion | GBX8.44 Billion | GBX2.24 Billion | ▲ +104.8% |
| 2019 | 0.29x | GBX2.36 Billion | GBX8.02 Billion | GBX2.16 Billion | ▲ +26.5% |
| 2018 | 0.23x | GBX1.96 Billion | GBX8.42 Billion | GBX1.80 Billion | ▼ -32.1% |
| 2017 | 0.34x | GBX2.37 Billion | GBX6.92 Billion | GBX2.20 Billion | ▼ -38.5% |
| 2016 | 0.56x | GBX3.62 Billion | GBX6.50 Billion | GBX2.35 Billion | ▼ -47.4% |
| 2015 | 1.06x | GBX2.72 Billion | GBX2.57 Billion | GBX1.90 Billion | ▲ +193.9% |
| 2014 | 0.36x | GBX1.87 Billion | GBX5.18 Billion | GBX1.75 Billion | ▲ +26.2% |
| 2013 | 0.29x | GBX2.06 Billion | GBX7.22 Billion | GBX1.70 Billion | ▼ -17.8% |
| 2012 | 0.35x | GBX1.52 Billion | GBX4.38 Billion | GBX1.52 Billion | ▲ +63.5% |
| 2011 | 0.21x | GBX1.33 Billion | GBX6.25 Billion | GBX1.33 Billion | ▼ -11.7% |
| 2010 | 0.24x | GBX1.64 Billion | GBX6.80 Billion | GBX1.64 Billion | ▲ +0.7% |
| 2009 | 0.24x | GBX1.87 Billion | GBX7.84 Billion | GBX1.87 Billion | ▼ -15.6% |
| 2008 | 0.28x | GBX2.07 Billion | GBX7.31 Billion | GBX2.07 Billion | ▼ -23.5% |
| 2007 | 0.37x | GBX2.14 Billion | GBX5.79 Billion | GBX2.14 Billion | ▼ -7.9% |
| 2006 | 0.40x | GBX1.59 Billion | GBX3.96 Billion | GBX1.59 Billion | ▲ +90.0% |
| 2005 | 0.21x | GBX1.18 Billion | GBX5.59 Billion | GBX1.18 Billion | ▲ +295.2% |
| 2004 | 0.05x | GBX255.00 Million | GBX4.77 Billion | GBX255.00 Million | ▼ -75.6% |
| 2003 | 0.22x | GBX1.06 Billion | GBX4.85 Billion | GBX1.06 Billion | ▼ -45.4% |
| 2002 | 0.40x | GBX1.23 Billion | GBX3.06 Billion | GBX1.23 Billion | ▲ +65.4% |
| 2001 | 0.24x | GBX1.12 Billion | GBX4.61 Billion | GBX1.12 Billion | ▼ -59.3% |
| 2000 | 0.60x | GBX1.10 Billion | GBX1.85 Billion | GBX1.10 Billion | ▼ -49.1% |
| 1999 | 1.17x | GBX597.00 Million | GBX510.00 Million | GBX597.00 Million | ▲ +1.0% |
| 1998 | 1.16x | GBX475.00 Million | GBX410.00 Million | GBX475.00 Million | ▲ +71.7% |
| 1997 | 0.67x | GBX415.00 Million | GBX615.00 Million | GBX415.00 Million | ▲ +42.9% |
| 1996 | 0.47x | GBX401.00 Million | GBX849.00 Million | GBX401.00 Million | ▼ -13.5% |
| 1995 | 0.55x | GBX684.00 Million | GBX1.25 Billion | GBX684.00 Million | ▲ +175.5% |
| 1995 | 0.20x | GBX485.59 Million | GBX2.45 Billion | GBX485.59 Million | ▲ +0.0% |
| 1994 | 0.20x | GBX485.59 Million | GBX2.45 Billion | GBX485.59 Million | ▼ -63.7% |
| 1994 | 0.55x | GBX575.00 Million | GBX1.05 Billion | GBX575.00 Million | ▲ +0.0% |
| 1993 | 0.55x | GBX575.00 Million | GBX1.05 Billion | GBX575.00 Million | ▼ -16.7% |
| 1993 | 0.66x | GBX608.00 Million | GBX927.00 Million | GBX608.00 Million | ▲ +0.0% |
| 1992 | 0.66x | GBX608.00 Million | GBX927.00 Million | GBX608.00 Million | ▼ -27.5% |
| 1992 | 0.90x | GBX594.00 Million | GBX657.00 Million | GBX594.00 Million | ▲ +0.0% |
| 1991 | 0.90x | GBX594.00 Million | GBX657.00 Million | GBX594.00 Million | ▼ -8.2% |
| 1991 | 0.99x | GBX606.00 Million | GBX615.00 Million | GBX606.00 Million | ▲ +0.0% |
| 1990 | 0.99x | GBX606.00 Million | GBX615.00 Million | GBX606.00 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow