Baxter International Inc (BAX) — Cash Flow Reinvestment Rate
Baxter International Inc (BAX) has a Cash Flow Reinvestment Rate of 0.89x as of June 2026, reinvesting $253.00 Million (capex $253.00 Million ) from operating cash flow of $285.00 Million. See BAX free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Baxter International Inc Cash Flow Reinvestment Rate (1985–2025)
Historical reinvestment intensity for Baxter International Inc across 38 annual periods. For the full cash flow conversion analysis, see BAX operating cash flow.
Annual Cash Flow Reinvestment Rate for Baxter International Inc (1985–2025)
Year-by-year capital reinvestment analysis for Baxter International Inc. See Baxter International Inc (BAX) flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.62x | $522.00 Million | $845.00 Million | $522.00 Million | ▼ -42.0% |
| 2024 | 1.07x | $1.09 Billion | $1.02 Billion | $460.00 Million | ▼ -49.2% |
| 2023 | 2.10x | $3.62 Billion | $1.73 Billion | $436.00 Million | ▲ +57.9% |
| 2022 | 1.33x | $1.61 Billion | $1.21 Billion | $679.00 Million | ▼ -75.3% |
| 2021 | 5.37x | $11.94 Billion | $2.22 Billion | $743.00 Million | ▲ +431.8% |
| 2020 | 1.01x | $1.89 Billion | $1.87 Billion | $709.00 Million | ▲ +18.4% |
| 2019 | 0.85x | $1.80 Billion | $2.10 Billion | $696.00 Million | ▲ +7.8% |
| 2018 | 0.79x | $1.60 Billion | $2.02 Billion | $659.00 Million | ▼ -29.5% |
| 2017 | 1.12x | $1.93 Billion | $1.71 Billion | $616.00 Million | ▲ +29.6% |
| 2016 | 0.87x | $1.43 Billion | $1.65 Billion | $719.00 Million | ▲ +68.5% |
| 2015 | 0.51x | $911.00 Million | $1.77 Billion | $911.00 Million | ▲ +62.1% |
| 2014 | 0.32x | $1.02 Billion | $3.21 Billion | $925.00 Million | ▲ +43.7% |
| 2013 | 0.22x | $706.00 Million | $3.20 Billion | $706.00 Million | ▼ -40.9% |
| 2012 | 0.37x | $1.16 Billion | $3.11 Billion | $1.16 Billion | ▲ +9.7% |
| 2011 | 0.34x | $960.00 Million | $2.82 Billion | $960.00 Million | ▲ +6.3% |
| 2010 | 0.32x | $963.00 Million | $3.00 Billion | $963.00 Million | ▼ -8.0% |
| 2009 | 0.35x | $1.01 Billion | $2.91 Billion | $1.01 Billion | ▼ -8.1% |
| 2008 | 0.38x | $954.00 Million | $2.52 Billion | $954.00 Million | ▲ +26.3% |
| 2007 | 0.30x | $692.00 Million | $2.31 Billion | $692.00 Million | ▲ +24.6% |
| 2006 | 0.24x | $526.00 Million | $2.18 Billion | $526.00 Million | ▼ -15.9% |
| 2005 | 0.29x | $444.00 Million | $1.55 Billion | $444.00 Million | ▼ -29.2% |
| 2004 | 0.40x | $558.00 Million | $1.38 Billion | $558.00 Million | ▼ -27.0% |
| 2003 | 0.55x | $789.00 Million | $1.43 Billion | $789.00 Million | ▼ -22.1% |
| 2002 | 0.71x | $848.00 Million | $1.19 Billion | $848.00 Million | ▲ +1.7% |
| 2001 | 0.70x | $759.00 Million | $1.09 Billion | $759.00 Million | ▲ +20.0% |
| 2000 | 0.58x | $685.00 Million | $1.18 Billion | $685.00 Million | ▼ 0.0% |
| 1999 | 0.58x | $631.00 Million | $1.08 Billion | $631.00 Million | ▼ -1.6% |
| 1998 | 0.59x | $556.00 Million | $939.00 Million | $556.00 Million | ▼ -27.2% |
| 1997 | 0.81x | $454.00 Million | $558.00 Million | $454.00 Million | ▲ +62.1% |
| 1996 | 0.50x | $398.00 Million | $793.00 Million | $398.00 Million | ▲ +68.1% |
| 1995 | 0.30x | $399.00 Million | $1.34 Billion | $399.00 Million | ▼ -21.7% |
| 1994 | 0.38x | $502.00 Million | $1.32 Billion | $502.00 Million | ▼ -43.4% |
| 1993 | 0.67x | $516.00 Million | $765.00 Million | $516.00 Million | ▼ -4.2% |
| 1992 | 0.70x | $537.00 Million | $763.00 Million | $537.00 Million | ▲ +1.7% |
| 1991 | 0.69x | $532.00 Million | $769.00 Million | $532.00 Million | ▲ +50.0% |
| 1990 | 0.46x | $367.00 Million | $796.00 Million | $367.00 Million | ▼ -13.9% |
| 1989 | 0.54x | $331.00 Million | $618.00 Million | $331.00 Million | — |
| 1985 | 0.00x | $0.00 | $463.00 Million | $0.00 | — |