What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Agilent Technologies (A) spend its free cash flow?

For TTM through Q2 2026, Agilent Technologies generated $1.45B of operating cash flow and $1.26B of free cash flow — a free cash flow margin of 86.5% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Agilent Technologies (A) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Agilent Technologies's shareholder returns for TTM through Q2 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Agilent Technologies (A) Cash Flow Waterfall

Operating CF

$1.45B

Capex

-$196M

Free Cash Flow

$1.26B

FCF Margin

+86.5%

Cash flow waterfall for Agilent Technologies (A) — TTM through Q2 2026

Free cash flow: $1.26B

Cash flow breakdown for Agilent Technologies (A) — TTM through Q2 2026

Line item	Amount	Running total
Operating Cash Flow	$1.45B	$1.45B
Capital Expenditure	-$196M	$1.26B
Free Cash Flow	$1.26B	$1.26B
Other Investing	-$160M	$1.1B
Share Buybacks	-$387M	$709M
Dividends Paid	-$285M	$424M
Net Debt Change	-$149M	$275M
Other Financing & FX	$45M	$320M
Net Cash Increase	$320M	$320M

Operating Cash Flow$1.45B
Capital Expenditure-$196M
Free Cash Flow$1.26B
Other Investing-$160M
Share Buybacks-$387M
Dividends Paid-$285M
Net Debt Change-$149M
Other Financing & FX$45M
Net Cash Increase$320M

Want to see what drove the FCF change?Free Cash Flow Bridge

Frequently asked questions

Data & methodology

Agilent Technologies (A) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

A Overview

Counters

Income Statement

Cash Flow

Capital Return

How this company returns cash to shareholders — buybacks, dividends, and stock splits.

Forecast & Valuation