Incyte 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	1,287	32.62	597.6	340.66	948.58
Depreciation & Amortization	93.29	89.25	82.66	70.96	60.54
Asset Writedown & Restructuring Costs	76.28	-	5.63	-	-
Loss (Gain) From Sale of Investments	-21.31	-116.03	-43.89	87.59	24.07
Stock-Based Compensation	249.35	266.06	215.89	188.42	183.01
Other Operating Activities	256.41	-74.8	-112.75	83.51	-452.15
Change in Accounts Receivable	-170.77	-111.59	-98.68	-28.58	-134.31
Change in Inventory	-58.51	-127.63	-170.15	-67.5	-20.97
Change in Accounts Payable	6.56	88.16	-167.95	105.44	73.34
Change in Other Net Operating Assets	-304.44	289.3	188.12	189.46	67.36
Operating Cash Flow	1,413	335.34	496.49	969.94	749.49
Operating Cash Flow Growth	321.52%	-32.46%	-48.81%	29.41%	-
Capital Expenditures	-58.87	-86.26	-32.49	-77.83	-181.01
Sale (Purchase) of Intangibles	-25	-13.9	-15	-	-
Investment in Securities	-18.74	257.68	-160.19	-0.71	-26.69
Investing Cash Flow	-102.61	157.52	-207.68	-78.54	-207.7
Long-Term Debt Repaid	-4.54	-3.8	-3.36	-2.86	-2.42
Net Debt Issued (Repaid)	-4.54	-3.8	-3.36	-2.86	-2.42
Issuance of Common Stock	221.76	49.3	35.84	61.12	58.63
Repurchase of Common Stock	-95.92	-2,045	-28.55	-26.3	-29.94
Other Financing Activities	-20.26	-21.96	-23.96	-32.75	-20.09
Financing Cash Flow	101.04	-2,022	-20.03	-0.79	6.18
Foreign Exchange Rate Adjustments	-1.71	2.92	-6.68	3.36	-3.57
Net Cash Flow	1,410	-1,526	262.1	893.96	544.4
Free Cash Flow	1,355	249.07	464	892.11	568.48
Free Cash Flow Growth	443.87%	-46.32%	-47.99%	56.93%	-
Free Cash Flow Margin	26.35%	5.87%	12.55%	26.28%	19.04%
Free Cash Flow Per Share	6.75	1.18	2.05	3.98	2.56
Cash Income Tax Paid	212.18	373.1	378.2	136.24	67.73
Levered Free Cash Flow	609.55	615.55	610.8	772.53	448.71
Unlevered Free Cash Flow	611.07	616.98	612.4	774.2	449.9
Change in Working Capital	-527.16	138.24	-248.65	198.81	-14.57

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