Rambus 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	230.46	179.82	333.9	-14.31	18.33
Depreciation & Amortization	41.99	42.69	48.43	47.13	44.28
Stock-Based Compensation	54.27	44.88	45.01	35.55	27.49
Other Adjustments	30.73	-14.9	-239.89	97.08	15.47
Change in Receivables	-13.99	-13.64	64.87	98.67	104.93
Changes in Inventories	0.54	-8.48	-15.25	-12.7	6.11
Changes in Accounts Payable	11.4	0.58	-5.77	11.98	2.2
Changes in Accrued Expenses	6.55	0.57	0.04	-4.75	-1.64
Changes in Income Taxes Payable	11.23	26.28	59.64	-19.28	-25.31
Changes in Unearned Revenue	9.74	3.77	-5.05	-1.35	15.5
Changes in Other Operating Activities	-21.83	-32.04	-90.15	-7.63	1.87
Operating Cash Flow	360.02	230.6	195.79	230.39	209.22
Operating Cash Flow Growth	56.12%	17.78%	-15.02%	10.12%	12.81%
Capital Expenditures	-26.84	-30.7	-23.24	-17.48	-13.79
Purchases of Intangible Assets	-	-	-	-3	-
Purchases of Investments	-666.29	-415.37	-434.16	-150.95	-567.95
Proceeds from Sale of Investments	470.03	389.35	293.65	339.34	563.2
Payments for Business Acquisitions	-	-	-	-15.93	-97.12
Proceeds from Business Divestments	-	-	106.35	-	-
Investing Cash Flow	-223.11	-56.72	-57.4	151.98	-115.66
Long-Term Debt Repaid	-	-	-10.38	-258.06	-
Net Long-Term Debt Issued (Repaid)	-	-	-10.38	-258.06	-
Issuance of Common Stock	6.86	5.47	8.95	6.14	8.96
Repurchase of Common Stock	-7.11	-113.31	-100.53	-100.42	-100.08
Net Common Stock Issued (Repurchased)	-0.26	-107.85	-91.58	-94.29	-91.12
Other Financing Activities	-54.16	-60.14	-67.67	-10.59	-23.09
Financing Cash Flow	-54.41	-167.99	-169.62	-362.94	-114.21
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.56	-0.88	0.31	-2.01	-0.41
Net Cash Flow	83.05	5.01	-30.93	17.43	-21.06
Free Cash Flow	333.18	199.9	172.55	212.92	195.43
Free Cash Flow Growth	66.67%	15.85%	-18.96%	8.95%	25.49%
FCF Margin	47.08%	35.91%	37.42%	46.82%	59.53%
Free Cash Flow Per Share	3.05	1.83	1.56	1.94	1.70
Levered Free Cash Flow	263.23	182.5	292.18	-276.45	47.54
Unlevered Free Cash Flow	245.47	167.19	242.76	136.63	48.32

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