Exelixis 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	782.57	521.27	207.77	182.28	231.06
Depreciation & Amortization	29.06	28.8	25.72	20.88	13.63
Stock-Based Compensation	112.98	93.84	106.35	107.57	119.82
Other Adjustments	150.86	69.52	7.47	64.68	75.3
Change in Receivables	-21.4	-27.95	-22.62	66.85	-122.32
Changes in Inventories	12.23	5.45	-12.98	-11.68	-13.21
Changes in Accounts Payable	-50.15	-21.89	50.11	23.36	55.09
Changes in Unearned Revenue	-	-	-	-	11.01
Changes in Other Operating Activities	-131.87	30.93	-28.48	-91.32	30.42
Operating Cash Flow	884.27	699.97	333.32	362.61	400.8
Operating Cash Flow Growth	26.33%	110.00%	-8.08%	-9.53%	91.79%
Capital Expenditures	-8.43	-28.44	-40.47	-27.71	-54.23
Purchases of Intangible Assets	-31.5	-37.75	-122.5	-110.75	-10
Purchases of Investments	-632.5	-927.91	-902.47	-1,451	-1,357
Proceeds from Sale of Investments	1,023	877.31	1,038	1,065	1,379
Investing Cash Flow	350.44	-116.78	-26.96	-524.41	-42.88
Issuance of Common Stock	49.14	61.85	33.45	23.89	24.31
Repurchase of Common Stock	-1,019	-690.66	-579.5	-23.3	-39.11
Net Common Stock Issued (Repurchased)	-969.59	-628.81	-546.05	0.59	-14.8
Financing Cash Flow	-969.59	-628.81	-546.05	0.59	-14.8
Net Cash Flow	265.11	-45.62	-239.68	-161.21	343.12
Free Cash Flow	875.84	671.54	292.86	334.91	346.58
Free Cash Flow Growth	30.42%	129.31%	-12.56%	-3.37%	94.01%
FCF Margin	37.75%	30.96%	16.00%	20.79%	24.15%
Free Cash Flow Per Share	3.11	2.27	0.91	1.03	1.08
Levered Free Cash Flow	633.4	536.13	201.66	95.8	273.78
Unlevered Free Cash Flow	576.01	477.23	131.77	70.24	267.9

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