Ticker League

Phillips 66 (PSX) Cash Flow Waterfall

Trace Phillips 66's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$2.51B

Capex

−$2.39B

Free Cash Flow

$119.00M

FCF Margin

+4.7%

Cash flow waterfall for Phillips 66 (PSX) — TTM through Q1 2026

Free cash flow: $119.00M

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Phillips 66 (PSX) — TTM through Q1 2026

  • Operating Cash Flow$2.51B
  • Capital Expenditure−$2.39B
  • Free Cash Flow$119.00M
  • Acquisitions$63.00M
  • Other Investing−$1.83B
  • Share Buybacks−$1.23B
  • Dividends Paid−$1.96B
  • Net Debt Change$8.57B
  • Other Financing & FX−$69.00M
  • Net Cash Increase$3.66B
Want to see what drove the FCF change?Free Cash Flow Bridge

Frequently asked questions

Data & methodology