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	905.2	1,025	291.2	445.5
Depreciation & Amortization	1,094	996.3	951.7	926.4	937.7
Stock-Based Compensation	90.2	101	99.8	105	76
Other Adjustments	-87.2	-47.7	-98.8	345	79.3
Change in Receivables	-127.3	-89.7	-51.9	-184.7	-40.8
Changes in Inventories	98.2	49.9	-240.4	-75.6	-8.4
Changes in Accounts Payable	101.8	-322	-55.3	103	86.5
Changes in Income Taxes Payable	-166.6	-158.6	-73.8	-152.9	-123.9
Changes in Other Operating Activities	-11	65	25.2	-72.7	47.3
Operating Cash Flow	1,697	1,499	1,582	1,356	1,404
Operating Cash Flow Growth	13.18%	-5.20%	16.62%	-3.43%	30.56%
Capital Expenditures	-525	-444.1	-602.8	-446.2	-417.2
Purchases of Intangible Assets	-52.4	-153	-103.4	-29.7	-8.4
Payments for Business Acquisitions	-1,393	-276.3	-134.9	-99.8	-
Other Investing Activities	-5	-14.8	62.2	46.5	-78
Investing Cash Flow	-1,976	-888.1	-778.9	-522	-443.3
Long-Term Debt Issued	2,492	1,436	499.8	83	1,600
Long-Term Debt Repaid	-1,463	-850	-120.2	-1,519	-2,655
Net Long-Term Debt Issued (Repaid)	1,029	586.3	379.6	-1,436	-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	-
Net Common Stock Issued (Repurchased)	-447.3	-785.9	-591.1	-48.3	122.5
Common Dividends Paid	-190.3	-196	-200.9	-201.2	-200.1
Other Financing Activities	-65.4	-88.9	-351.2	841.4	-173.4
Financing Cash Flow	326	-484.5	-763.5	-775.7	-1,306
Effect of Exchange Rate Changes on Cash and Cash Equivalents	19	-17.1	0.9	-14.5	-13.2
Net Cash Flow	66.4	109.7	40.1	-146.8	34.6
Free Cash Flow	1,172	1,055	978.8	910	987.1
Free Cash Flow Growth	11.07%	7.82%	7.56%	-7.81%	40.07%
FCF Margin	14.24%	13.74%	13.24%	13.11%	14.46%
Free Cash Flow Per Share	5.90	5.18	4.67	4.33	4.69
Levered Free Cash Flow	2,325	1,677	1,408	-922.3	-131.4
Unlevered Free Cash Flow	1,523	1,309	1,232	784.51	1,290

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