Corporate Expenditures

Capital returns (dividends, buybacks) plus acquisitions versus capital expenditures, Standard & Poor's 500. Billions.

Capital returns and acquisitions

Capital expenditures

Capital expenditures

2014

200

400

600

800

1,000

1,200

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014