On Holding AG Cash Flow Statement

Financials in millions CHF. Fiscal year is January - December.

Millions CHF. 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	203.7	242.3	79.6	57.7	-170.2
Depreciation & Amortization	127.4	104.6	64.9	46.4	31.4
Stock-Based Compensation	66.6	57.5	27.3	38.3	192.4
Other Adjustments	132.4	-53.5	63.4	-20.4	25.3
Change in Receivables	-96.1	-30.1	-46.9	-285.8	-47
Changes in Inventories	-82.4	-27.8	-10	-273	-31.8
Changes in Accounts Payable	-9.2	104	-44.3	65.8	4.3
Changes in Other Operating Activities	17.2	113.7	98.2	-75	12.5
Operating Cash Flow	359.5	510.6	232.1	-227	16.9
Operating Cash Flow Growth	-29.59%	119.99%	-	-	-
Capital Expenditures	-72.9	-60.5	-42.8	-60.3	-24.6
Sale of Property, Plant & Equipment	-	0.1	-	-	-
Purchases of Intangible Assets	-5.7	-4.5	-4.4	-22.7	-11.6
Payments for Business Acquisitions	-	-	-	-	-0.2
Investing Cash Flow	-78.6	-64.9	-47.1	-82.9	-36.4
Issuance of Common Stock	12.9	11.1	10.1	26.4	612
Net Common Stock Issued (Repurchased)	12.9	11.1	10.1	26.4	612
Other Financing Activities	-91.4	-66.6	-32	-20.1	-16.1
Financing Cash Flow	-78.5	-55.5	-21.9	6.3	595.9
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-106.7	39.4	-39.6	21.5	-13.9
Net Cash Flow	95.7	429.6	123.5	-282.1	562.5
Free Cash Flow	286.6	450.1	189.3	-287.3	-7.7
Free Cash Flow Growth	-36.33%	137.77%	-	-	-
FCF Margin	9.51%	19.42%	10.56%	-23.51%	-1.06%
Free Cash Flow Per Share	0.96	1.54	0.66	-1.01	-0.03
Levered Free Cash Flow	183.8	476.3	145.6	-238.4	-178.4
Unlevered Free Cash Flow	354.34	417.3	273.58	-233.07	-158.67

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