Insulet (PODD) Cash Flow: Operating & Free Cash Flow

Insulet Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Insulet Corporation (PODD) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	247.10	418.30	206.30	4.60	16.80	6.80	11.60	3.30	-26.80
Depreciation & Amortization	90.40	80.80	72.80	63.20	57.40	55.40	27.90	15.60	13.90
Deferred Income Tax	62.20	-136.90	0.00	-1.00	45.50	3.30	0.00	0.00	0.00
Stock Based Compensation	62.70	69.30	48.40	40.90	34.40	35.90	28.70	37.50	31.90
Change in Working Capital	-23.10	-17.00	-190.60	-2.50	-263.60	-63.40	-19.70	-52.80	1.70
Change in Accounts Receivable	-140.20	-10.40	-154.20	-51.80	-71.30	-15.60	-10.90	-14.60	-26.30
Change in Inventory	-10.60	-32.40	-53.60	-49.10	-154.40	-50.50	-30.20	-38.80	1.70
Change in Accounts Payable	49.20	2.20	-11.00	-2.40	-15.60	7.10	25.60	-5.40	27.30
Change in Other Working Capital	78.50	-21.90	-42.10	9.60	41.40	-4.40	-4.20	6.00	-1.00
Other Operating Activities	130.00	-121.00	8.90	9.60	41.40	46.00	49.90	32.30	20.60
Net Cash from Operating Activities	569.30	430.20	145.70	119.00	-68.10	84.00	98.40	35.90	41.30
Investing Activities
Capital Expenditures	-191.60	-124.90	-75.60	-157.30	-122.70	-166.50	-170.90	-162.35	-77.23
Acquisitions	0.00	0.00	-3.00	-26.00	0.00	166.50	0.00	0.00	0.00
Purchases of Investments	0.00	-12.20	-7.20	-7.80	0.00	-37.90	-150.60	-191.40	-298.00
Sales/Maturities of Investments	0.00	-9.10	-33.60	40.00	40.00	218.40	247.90	169.30	164.40
Other Investing Activities	-31.10	0.00	-3.00	-40.00	0.00	-166.50	-170.90	-0.05	0.03
Net Cash from Investing Activities	-222.70	-146.20	-119.40	-191.10	-82.70	14.00	-73.60	-184.50	-210.80
Financing Activities
Debt Repayment	-708.10	-158.60	-27.00	-39.80	-483.20	126.60	116.60	-6.70	292.80
Common Stock Issued	33.90	20.10	26.90	16.30	23.50	477.50	-34.50	15.82	15.80
Common Stock Repurchased	-59.60	-7.60	-13.20	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	138.50	0.10	-0.30	-16.80	-32.20	1.40	-8.60	-17.82	-4.10
Net Cash from Financing Activities	-595.30	-28.00	-13.60	-40.30	40.70	605.50	73.50	-8.70	304.50
Summary
Effect of Forex Changes on Cash	11.50	-6.80	1.80	-4.30	-5.50	4.80	1.50	-1.40	0.40
Net Change in Cash	-237.30	249.20	14.40	-116.70	-110.10	708.30	99.80	-158.70	135.40
Cash at Beginning of Period	953.40	704.20	689.70	806.40	922.00	213.70	113.90	272.60	137.20
Cash at End of Period	716.10	953.40	704.20	689.70	806.40	922.00	213.70	113.90	272.60
Free Cash Flow	377.70	305.30	70.10	-38.30	-190.80	-82.50	-72.50	-126.46	-36.02
Supplemental Disclosures
Interest Paid	50.80	47.10	49.90	34.20	21.50	-	-	-	-
Income Taxes Paid	38.50	20.60	8.10	5.50	7.00	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Insulet Cash Flow

What is Insulet's free cash flow?

Insulet generated free cash flow of $377.70M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $569.30M minus $191.60M of capital expenditures. That was up 23.7% from $305.30M a year earlier. Free cash flow equaled 13.9% of revenue.

How much does Insulet spend on capital expenditures?

Insulet spent $191.60M on capital expenditures in fiscal 2025, compared with $124.90M a year earlier. That equals 33.7% of operating cash flow.

Does Insulet pay dividends or buy back shares?

Yes. In fiscal 2025 Insulet returned $59.60M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition