Zimmer Biomet Holdings 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	705.1	903.8	1,024	231.4	401.6
Depreciation & Amortization	1,094	996.3	951.7	926.4	937.7
Asset Writedown & Restructuring Costs	-	-	-	292.8	16.3
Loss (Gain) From Sale of Investments	-	-	-2.5	116.6	-
Stock-Based Compensation	90.2	101	99.8	105	76
Other Operating Activities	-87.1	-46.3	-95.2	-4.6	106.9
Change in Accounts Receivable	-127.3	-89.7	-51.9	-184.7	-40.8
Change in Inventory	98.2	49.9	-240.4	-75.6	-8.4
Change in Accounts Payable	101.8	-322	-55.3	103	86.5
Change in Income Taxes	-166.6	-158.6	-73.8	-152.9	-123.9
Change in Other Net Operating Assets	-11	65	25.2	-1.2	-47.6
Operating Cash Flow	1,697	1,499	1,582	1,285	1,499
Operating Cash Flow Growth	13.18%	-5.20%	23.11%	-14.31%	24.47%
Capital Expenditures	-525	-444.1	-602.8	-446.2	-417.2
Cash Acquisitions	-1,393	-276.3	-134.9	-99.8	-
Sale (Purchase) of Intangibles	-52.4	-153	-103.4	-29.7	-8.4
Other Investing Activities	-5.1	-14.7	62.2	46.5	-78
Investing Cash Flow	-1,976	-888.1	-778.9	-529.2	-503.6
Long-Term Debt Issued	2,492	1,436	499.8	458	1,600
Total Debt Issued	2,492	1,436	499.8	458	1,600
Long-Term Debt Repaid	-1,463	-900	-445.2	-1,519	-2,655
Total Debt Repaid	-1,463	-900	-445.2	-1,519	-2,655
Net Debt Issued (Repaid)	1,029	536.3	54.6	-1,061	-1,055
Issuance of Common Stock	39.7	82.1	101.1	78.1	122.5
Repurchase of Common Stock	-487	-868	-692.2	-126.4	-
Common Dividends Paid	-190.3	-196	-200.9	-201.2	-200.1
Other Financing Activities	-65.5	-38.9	-26.1	466.4	-173.4
Financing Cash Flow	326	-484.5	-763.5	-843.8	-1,306
Foreign Exchange Rate Adjustments	19	-17.1	0.9	-14.5	-13.2
Net Cash Flow	66.4	109.7	40.1	-102.8	-323.6
Free Cash Flow	1,172	1,055	978.8	838.5	1,082
Free Cash Flow Growth	11.07%	7.82%	16.73%	-22.50%	29.80%
Free Cash Flow Margin	14.24%	13.74%	13.24%	12.08%	15.85%
Free Cash Flow Per Share	5.90	5.18	4.67	3.99	5.14
Cash Interest Paid	-	200.8	200.6	161.7	219
Cash Income Tax Paid	-	328.5	215.2	326.6	258.4
Levered Free Cash Flow	1,494	1,061	1,125	1,654	891.55
Unlevered Free Cash Flow	1,677	1,197	1,251	1,757	1,022
Change in Working Capital	-104.9	-455.4	-396.2	-311.4	-134.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.