Exact Sciences Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-207.95	-1,029	-204.15	-623.51	-595.63
Depreciation & Amortization	124.88	119.7	114.45	100.11	85.35
Stock-Based Compensation	217.67	214.89	231.31	206.82	253.06
Other Adjustments	235.02	960.82	14.85	119.39	43.87
Change in Receivables	-48.89	-46.26	-43.42	61.09	25.15
Changes in Inventories	-3.77	-34.91	-7.69	-13.23	-9.22
Changes in Accounts Payable	214.04	43.54	82.75	-52.18	169.8
Changes in Other Operating Activities	-39.55	-18.38	-31.99	-22.05	-74.62
Operating Cash Flow	491.44	210.54	156.12	-223.56	-102.24
Operating Cash Flow Growth	133.42%	34.86%	-	-	-
Capital Expenditures	-134.66	-135.99	-124.19	-214.46	-135.77
Sale of Property, Plant & Equipment	-	-	-	25	-
Purchases of Investments	-195.77	-466.76	-156.42	-174.31	-1,182
Proceeds from Sale of Investments	572.28	205.82	363.16	453.07	794.32
Payments for Business Acquisitions	-75	-45	-52.91	-14.69	-557.8
Other Investing Activities	28.27	-0.23	20.04	-0.55	-0.74
Investing Cash Flow	195.12	-442.16	49.68	74.07	-1,082
Short-Term Debt Issued	-	-	-	50	-
Short-Term Debt Repaid	-	-50	-	-	-
Net Short-Term Debt Issued (Repaid)	-	-50	-	50	-
Long-Term Debt Issued	-	266.75	137.98	-	-
Long-Term Debt Repaid	-249.17	-	-	-	-23.75
Net Long-Term Debt Issued (Repaid)	-249.17	266.75	137.98	-	-23.75
Issuance of Common Stock	28.45	32.88	31.54	32.02	37.51
Net Common Stock Issued (Repurchased)	28.45	32.88	31.54	32.02	37.51
Other Financing Activities	-117.36	-17.75	-9.75	-5.53	-5.29
Financing Cash Flow	-338.09	231.87	159.77	76.49	8.47
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.89	-3.29	1.32	0.03	0.02
Net Cash Flow	349.36	-3.04	366.89	-72.98	-1,176
Free Cash Flow	356.78	74.55	31.93	-438.02	-238
Free Cash Flow Growth	378.60%	133.48%	-	-	-
FCF Margin	10.99%	2.70%	1.28%	-21.02%	-13.47%
Free Cash Flow Per Share	1.89	0.40	0.18	-2.48	-1.39
Levered Free Cash Flow	-296.18	-838.15	-32.84	-775.33	-583.84
Unlevered Free Cash Flow	-41.25	-1,082	-179.12	-803.83	-1,071

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.