Baxter International Inc (BAX) — Free Cash Flow Generation Index
Baxter International Inc (BAX) has a Free Cash Flow Generation Index of 0.36x as of March 2026. Free cash flow of $76.00 Million represents 0% of operating cash flow ($213.00 Million). Read total liabilities of Baxter International Inc for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Baxter International Inc Free Cash Flow Generation Index (1985–2025)
Historical FCF Generation Index trend for Baxter International Inc across 38 annual periods. Explore Baxter International Inc capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Baxter International Inc (1985–2025)
Year-by-year Free Cash Flow Generation Index for Baxter International Inc. For the full company profile including market capitalisation, see market value of Baxter International Inc.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.38x | $323.00 Million | $845.00 Million | $522.00 Million | ▼ -30.3% |
| 2024 | 0.55x | $559.00 Million | $1.02 Billion | $460.00 Million | ▼ -26.6% |
| 2023 | 0.75x | $1.29 Billion | $1.73 Billion | $436.00 Million | ▲ +70.1% |
| 2022 | 0.44x | $532.00 Million | $1.21 Billion | $679.00 Million | ▼ -34.0% |
| 2021 | 0.67x | $1.48 Billion | $2.22 Billion | $743.00 Million | ▲ +7.3% |
| 2020 | 0.62x | $1.16 Billion | $1.87 Billion | $709.00 Million | ▼ -7.3% |
| 2019 | 0.67x | $1.41 Billion | $2.10 Billion | $696.00 Million | ▼ -0.6% |
| 2018 | 0.67x | $1.36 Billion | $2.02 Billion | $659.00 Million | ▲ +5.1% |
| 2017 | 0.64x | $1.10 Billion | $1.71 Billion | $616.00 Million | ▲ +13.3% |
| 2016 | 0.57x | $935.00 Million | $1.65 Billion | $719.00 Million | ▲ +16.4% |
| 2015 | 0.49x | $860.00 Million | $1.77 Billion | $911.00 Million | ▼ -31.8% |
| 2014 | 0.71x | $2.29 Billion | $3.21 Billion | $925.00 Million | ▼ -8.6% |
| 2013 | 0.78x | $2.49 Billion | $3.20 Billion | $706.00 Million | ▲ +24.4% |
| 2012 | 0.63x | $1.95 Billion | $3.11 Billion | $1.16 Billion | ▼ -5.0% |
| 2011 | 0.66x | $1.86 Billion | $2.82 Billion | $960.00 Million | ▼ -3.0% |
| 2010 | 0.68x | $2.04 Billion | $3.00 Billion | $963.00 Million | ▲ +4.3% |
| 2009 | 0.65x | $1.90 Billion | $2.91 Billion | $1.01 Billion | ▲ +5.0% |
| 2008 | 0.62x | $1.56 Billion | $2.52 Billion | $954.00 Million | ▼ -11.3% |
| 2007 | 0.70x | $1.61 Billion | $2.31 Billion | $692.00 Million | ▼ -7.8% |
| 2006 | 0.76x | $1.66 Billion | $2.18 Billion | $526.00 Million | ▲ +6.4% |
| 2005 | 0.71x | $1.11 Billion | $1.55 Billion | $444.00 Million | ▲ +19.8% |
| 2004 | 0.60x | $822.00 Million | $1.38 Billion | $558.00 Million | ▲ +33.5% |
| 2003 | 0.45x | $636.00 Million | $1.43 Billion | $789.00 Million | ▲ +54.3% |
| 2002 | 0.29x | $345.00 Million | $1.19 Billion | $848.00 Million | ▼ -4.0% |
| 2001 | 0.30x | $327.00 Million | $1.09 Billion | $759.00 Million | ▼ -27.9% |
| 2000 | 0.42x | $491.00 Million | $1.18 Billion | $685.00 Million | ▲ +0.0% |
| 1999 | 0.42x | $452.00 Million | $1.08 Billion | $631.00 Million | ▲ +2.3% |
| 1998 | 0.41x | $383.00 Million | $939.00 Million | $556.00 Million | ▲ +118.8% |
| 1997 | 0.19x | $104.00 Million | $558.00 Million | $454.00 Million | ▼ -62.6% |
| 1996 | 0.50x | $395.00 Million | $793.00 Million | $398.00 Million | ▼ -29.0% |
| 1995 | 0.70x | $937.00 Million | $1.34 Billion | $399.00 Million | ▲ +13.4% |
| 1994 | 0.62x | $814.00 Million | $1.32 Billion | $502.00 Million | ▲ +90.0% |
| 1993 | 0.33x | $249.00 Million | $765.00 Million | $516.00 Million | ▲ +9.9% |
| 1992 | 0.30x | $226.00 Million | $763.00 Million | $537.00 Million | ▼ -3.9% |
| 1991 | 0.31x | $237.00 Million | $769.00 Million | $532.00 Million | ▼ -42.8% |
| 1990 | 0.54x | $429.00 Million | $796.00 Million | $367.00 Million | ▲ +16.1% |
| 1989 | 0.46x | $287.00 Million | $618.00 Million | $331.00 Million | ▼ -53.6% |
| 1985 | 1.00x | $463.00 Million | $463.00 Million | $0.00 | — |