ZTS · 10-Q · 2026Q3 · Full report

Operating Cash Flow Trends

Zoetis Inc. · 2026-11-05 · Importance 30 · Surprise 14 · From source text

Net cash provided by operating activities was $1,880 million for the nine months ended September 30, 2026, down $176 million, or 8.6%, from $2,056 million in the comparable 2025 period. The decrease primarily reflected lower net income adjusted for non-cash items and the timing of ordinary-course receipts and payments. These effects were partially offset by the timing of income tax payments and lower inventory build-up of certain products.

Key facts

• Net cash provided by operating activities was $1,880 million for the nine months ended September 30, 2026, compared with $2,056 million for the nine months ended September 30, 2025, a decrease of $176 million. source
• The decrease in operating cash flows primarily reflected lower net income adjusted by non-cash items and the timing of ordinary-course receipts and payments, partially offset by income-tax payment timing and lower inventory build-up of certain products. source

Impact estimates