Smithfield Foods (SFD) Cash Flow: Operating & Free Cash Flow

Smithfield Foods Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Smithfield Foods, Inc. (SFD) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2015	FY 2013	FY 2012	FY 2011
Period ending	Dec 2025	Dec 2024	Dec 2023	Jan 2023	Dec 2022	Jan 2022	Dec 2021	Jan 2016	Apr 2013	Apr 2012	May 2011
Operating Activities
Net Income	0.99	0.80	0.02	0.87	0.81	0.47	-	0.45	0.18	0.36	0.52
Depreciation & Amortization	0.33	0.34	0.34	0.36	0.44	0.33	0.33	0.23	0.24	0.24	0.23
Deferred Income Tax	0.09	0.09	-0.13	-	0.00	-	0.03	-	-	-	-
Stock Based Compensation	0.01	0.00	0.00	-	0.00	-	-	-	-	-	-
Change in Working Capital	-0.34	-0.29	0.55	-0.31	-0.31	0.03	0.03	0.24	-	-	-
Change in Accounts Receivable	-0.47	-0.01	0.16	-0.03	-0.03	0.00	-	0.08	-0.04	0.05	-0.06
Change in Inventory	0.12	0.14	0.47	-0.31	-0.31	-0.18	-0.18	0.14	-0.27	-0.09	-0.18
Change in Accounts Payable	0.07	-0.02	-0.22	0.12	0.12	0.19	0.19	0.02	0.01	0.00	0.04
Change in Other Working Capital	0.00	-0.40	0.14	-0.09	-0.09	0.03	-	0.00	0.00	-0.02	0.19
Other Operating Activities	0.00	0.19	-0.28	-0.06	-0.43	-0.05	-	-0.12	0.06	0.02	-0.05
Net Cash from Operating Activities	1.06	1.14	1.03	0.52	0.52	0.79	0.79	0.80	0.17	0.57	0.62
Investing Activities
Capital Expenditures	-0.34	-0.35	-0.40	-0.34	-0.34	-0.21	-0.21	-0.47	-0.28	-0.29	-0.18
Acquisitions	-0.01	-0.01	-0.03	-	0.58	0.00	0.00	-	-0.02	-	-
Purchases of Investments	0.00	0.00	-0.03	0.00	-0.02	-	-	0.35	-0.02	0.00	0.03
Sales/Maturities of Investments	0.00	0.00	0.00	-	0.02	-	-	-	-	-	-
Other Investing Activities	0.03	-0.11	-0.13	-0.08	-0.05	-0.12	-0.13	0.04	0.00	-	0.12
Net Cash from Investing Activities	-0.31	-0.47	-0.32	0.19	0.19	-0.33	-0.33	-0.08	-0.30	-0.29	0.25
Financing Activities
Debt Repayment	0.00	-0.03	-0.24	-0.86	-0.02	-1.15	-1.15	-0.71	-0.72	-0.15	-0.94
Common Stock Issued	0.24	0.00	0.00	-	0.00	-	-	-	0.00	0.00	0.00
Common Stock Repurchased	0.00	0.00	0.00	-	0.00	-	-	-	-0.39	-0.19	-
Dividends Paid	-0.40	-0.29	-0.32	-0.50	-0.50	-0.19	-0.19	-0.03	-	-	-
Other Financing Activities	0.00	-0.14	-0.20	0.04	0.04	0.09	-0.01	-	-0.02	0.01	-0.02
Net Cash from Financing Activities	-0.16	-0.46	-0.53	-0.48	-0.48	-0.34	-0.34	-0.45	0.12	-0.33	-0.95
Summary
Effect of Forex Changes on Cash	0.01	-0.01	0.00	-	0.01	-	0.00	-	0.00	-0.01	0.00
Net Change in Cash	0.60	0.19	0.18	0.25	0.25	0.12	0.12	0.27	-0.01	-0.05	-0.08
Cash at Beginning of Period	0.94	0.75	0.57	-	0.33	-	0.21	-	-	-	-
Cash at End of Period	1.54	0.94	0.75	-	0.57	-	0.33	-	-	-	-
Free Cash Flow	0.72	0.79	0.63	0.18	0.18	0.57	0.58	0.33	-0.11	0.28	0.44
Supplemental Disclosures
Interest Paid	-	0.08	0.08	0.08	-	0.09	-	0.16	-	-	-
Income Taxes Paid	-	0.13	0.11	0.15	-	0.00	-	0.15	-	-	-

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

Frequently Asked Questions About Smithfield Foods Cash Flow

What is Smithfield Foods's free cash flow?

Smithfield Foods generated free cash flow of $718.00M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $1.06B minus $341.00M of capital expenditures. That was down 8.8% from $787.00M a year earlier. Free cash flow equaled 4.6% of revenue.

How much does Smithfield Foods spend on capital expenditures?

Smithfield Foods spent $341.00M on capital expenditures in fiscal 2025, compared with $350.00M a year earlier. That equals 32.2% of operating cash flow.

Does Smithfield Foods pay dividends or buy back shares?

Yes. In fiscal 2025 Smithfield Foods returned $396.00M in dividends 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