Leonardo S.p.a. (BIT:LDO)
Italy · Delayed Price · Currency is EUR 50.43
+2.36 (4.91%)
Nov 9, 2026, 5:36 PM CET
Leonardo S.p.a. Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 1,257 | 1,224 | 1,074 | 658 | 927 | 586 |
Depreciation & Amortization | 654 | 559 | 550 | 484 | 448 | 407 |
Other Amortization | 98 | 98 | 113 | 85 | 103 | 78 |
Loss (Gain) From Sale of Assets | -283 | -283 | - | - | - | - |
Asset Writedown & Restructuring Costs | 63 | 63 | 61 | 45 | 20 | 42 |
Loss (Gain) From Sale of Investments | 53 | 53 | 53 | 31 | 56 | -2 |
Loss (Gain) on Equity Investments | -148 | -148 | -121 | -148 | -142 | -138 |
Other Operating Activities | 1,077 | 574 | 257 | 452 | 244 | 414 |
Change in Accounts Receivable | 425 | 425 | 592 | 338 | -446 | -1,131 |
Change in Inventory | -686 | -686 | -867 | -387 | 207 | 488 |
Change in Other Net Operating Assets | -129 | -129 | -169 | -372 | -265 | -2 |
Operating Cash Flow | 2,381 | 1,742 | 1,541 | 1,186 | 1,152 | 742 |
Operating Cash Flow Growth | 45.01% | 13.04% | 29.93% | 2.95% | 55.26% | 169.82% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -1,016 | -1,016 | -895 | -782 | -762 | -615 |
Sale of Property, Plant & Equipment | 5 | 5 | 16 | 13 | 16 | 19 |
Investment in Securities | - | - | - | - | - | -19 |
Other Investing Activities | -1,618 | 649 | 126 | 507 | -45 | 74 |
Investing Cash Flow | -2,629 | -362 | -753 | -262 | -791 | -541 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 262 | 137 | 90 | 66 | 800 |
Long-Term Debt Repaid | - | -500 | -638 | -19 | -1,388 | -770 |
Net Debt Issued (Repaid) | 213 | -238 | -501 | 71 | -1,322 | 30 |
Repurchase of Common Stock | -77 | -30 | - | - | - | - |
Common Dividends Paid | -365 | -300 | -161 | -81 | -79 | - |
Other Financing Activities | -43 | -43 | -16 | -2 | -1 | - |
Financing Cash Flow | -272 | -611 | -678 | -12 | -1,402 | 30 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 8 | -87 | 39 | -16 | 73 | 35 |
Net Cash Flow | -512 | 682 | 149 | 896 | -968 | 266 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 1,365 | 726 | 646 | 404 | 390 | 127 |
Free Cash Flow Growth | 82.73% | 12.38% | 59.90% | 3.59% | 207.09% | - |
Free Cash Flow Margin | 6.38% | 3.72% | 3.64% | 2.64% | 2.65% | 0.90% |
Free Cash Flow Per Share | 2.37 | 1.26 | 1.12 | 0.70 | 0.68 | 0.22 |
Levered Free Cash Flow | 1,629 | 1,096 | 392.88 | 378.38 | 395.75 | 276 |
Unlevered Free Cash Flow | 1,672 | 1,156 | 479.13 | 470.25 | 470.75 | 363.5 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 162 | 162 | 179 | 173 | 169 | - |
Cash Income Tax Paid | 137 | 137 | 160 | 200 | 58 | 53 |
Change in Working Capital | -390 | -390 | -444 | -421 | -504 | -645 |