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 Newmont (NEM) spend its free cash flow?

For TTM through Q1 2026, Newmont generated $12.1B of operating cash flow and $12.3B of free cash flow — a free cash flow margin of 101.5% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Newmont (NEM) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Newmont's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Newmont (NEM) Cash Flow Waterfall

Operating CF

$12.1B

Capex

$185M

Free Cash Flow

$12.3B

FCF Margin

+101.5%

Cash flow waterfall for Newmont (NEM) — TTM through Q1 2026

Free cash flow: $12.3B

Cash flow breakdown for Newmont (NEM) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$12.1B	$12.1B
Capital Expenditure	$185M	$12.3B
Free Cash Flow	$12.3B	$12.3B
Other Investing	-$619M	$11.7B
Share Buybacks	-$3.85B	$7.8B
Dividends Paid	-$1.11B	$6.7B
Net Debt Change	$969M	$7.67B
Other Financing & FX	-$3.72B	$3.94B
Net Cash Increase	$3.94B	$3.94B

Operating Cash Flow$12.1B
Capital Expenditure$185M
Free Cash Flow$12.3B
Other Investing-$619M
Share Buybacks-$3.85B
Dividends Paid-$1.11B
Net Debt Change$969M
Other Financing & FX-$3.72B
Net Cash Increase$3.94B

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

Frequently asked questions

Data & methodology

Newmont (NEM) 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

NEM Overview

Counters

Income Statement

Cash Flow

Capital Return

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

Forecast & Valuation