The Procter & Gamble Company

NYSE-PG

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	16,859	16,065	15,583	15,571	14,405	14,974
Net Earnings
Depreciation & Amortization	2,880	2,847	2,885	2,907	2,922	2,896
Depreciation and Amortization
Share-Based Compensation Expense	492	476	493	528	542	562
Share-Based Compensation Expense
Other Adjustments	-24	904	763	706	418.5	882
Loss on Early Extinguishment of Debt
Deferred Income Taxes
Loss on Sale of Assets
Venezuela Deconsolidation Charge
Goodwill and Indefinite-Lived Intangible Impairment Charges
Changes in Trade Receivables	-126	45	-153	-189	-70	-766
Change in Accounts Receivable
Changes in Inventories	-439	-324	-432	-208	-116	-70
Change in Inventories
Changes in Accounts Payable	-255	-542	607	1,317	—	878
Change in Accounts Payable and Accrued and Other Liabilities
Change in Accounts Payable
Changes in Other Operating Activities	-733	-1,653	219	280	-981	491
Change in Other Operating Assets and Liabilities
Other
Cash from Operating Activities	18,923	17,817	18,586	18,969	19,244	19,846
Total Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-3,980	-3,773	-3,560	-3,498	-3,390	-3,322
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	70	107	333	385	388	346
Proceeds from Asset Sales
Purchases of Investments	—	—	—	—	—	—
Purchases of Investment Securities
Proceeds from Sale of Investments	—	—	—	—	—	—
Proceeds from Sales and Maturities of Investment Securities
Payments for Business Acquisitions	-15.5	-11	-24.5	-40.5	—	-21
Acquisitions, Net of Cash Acquired
Other Investing Activities	-325	-141	-37	-171	-361	-507
Cash Related to Deconsolidated Venezuela Operations
Pre-Divestiture Addition of Restricted Cash Related to the Beauty Brands Divestiture
Cash Transferred at Closing Related to the Beauty Brands Divestiture
Cash Transferred in Batteries Divestiture
Change in Other Investments
Other Investing Activity
Cash from Investing Activities	-4,245	-3,818	-3,273	-3,309	-3,390	-3,504
Total Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	6,110.5	8,020	7,529.5	6,635	5,439	3,528
Additions to Short-Term Debt with Original Maturities of More Than Three Months
Repayments of Short-Term Debt	-8,026.5	-6,512	-4,232.5	-2,683.5	-6,354	-7,689
Reductions in Short-Term Debt
Reductions in Short-Term Debt with Original Maturities of More Than Three Months
Net Issuance / (Repayments) of Short-Term Debt	-1,916	1,508	3,297	3,951.5	-915	-4,161
Issuance of Long-Term Debt	—	2,237	—	—	—	3,197
Additions to Long-Term Debt
Repayments of Long-Term Debt	-2,159.5	-1,977	—	—	—	-2,335
Reductions in Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	-2,159.5	260	—	—	—	862
Issuance of Common Shares	1,096	1,707	2,541	2,493	2,338	1,905
Impact of Stock Options and Other
Repurchases of Common Shares	-5,811	-6,500	-7,316	-6,952	-5,445	-5,006
Treasury Stock Purchases
Net Issuance / (Repurchases) of Common Shares	-4,715	-4,793	-4,775	-4,459	-3,107	-3,101
Common Share Dividends Paid	-9,976	-9,872	-9,768	-9,620	-9,467	-9,312
Dividends to Shareholders
Other Financing Activities	1,414	-1,138	-2,017	-5,588	-1,759	857
Net Additions to Other Short-Term Debt
Treasury Stock from Cash Infused in Batteries Divestiture
Cash from Financing Activities	-15,641	-14,036	-12,919	-12,973	-13,451	-14,855
Total Financing Activities