Insmed Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-1,184	-913.77	-749.57	-481.53	-434.65	-294.09
Depreciation & Amortization	11.49	8.88	8.44	12.29	15.26	15.23
Other Amortization	11.44	11.73	12.17	3.99	31.04	20.38
Loss (Gain) From Sale of Investments	-39.85	-18.92	-9.7	1.53	-	-
Stock-Based Compensation	140.23	96.84	74.78	57.69	46.02	36.16
Other Operating Activities	191.67	134.55	166.85	-0.97	37.61	5.93
Change in Accounts Receivable	-22.82	-12.93	-11.96	-6.42	-8.12	2.67
Change in Inventory	-21.88	-17.04	-13.61	-1.71	-17.46	-21.18
Change in Accounts Payable	50.86	44.59	15.16	50.01	-7.58	29.83
Change in Other Net Operating Assets	-20.69	-17.79	-28.8	-35.3	-25.43	-14.27
Operating Cash Flow	-883.4	-683.88	-536.25	-400.44	-363.3	-219.35
Capital Expenditures	-22.74	-21.92	-13.29	-9.88	-7.29	-6.24
Cash Acquisitions	-	-	-	-	-6.7	-
Sale (Purchase) of Intangibles	-	-	-	-	-	-0.58
Investment in Securities	-299.48	-561.25	-213.73	-24.71	-50.29	-
Other Investing Activities	-	-	3.42	-	-	-
Investing Cash Flow	-322.23	-583.18	-223.6	-34.58	-64.29	-6.82
Long-Term Debt Issued	-	150	-	500	575	-
Long-Term Debt Repaid	-	-2.61	-1.22	-0.6	-238.66	-
Net Debt Issued (Repaid)	145.16	147.39	-1.22	499.4	336.34	-
Issuance of Common Stock	938.09	1,197	170.87	311.66	291.92	271.94
Other Financing Activities	-3.74	-3.74	-1.22	-17.78	-15.72	-0.94
Financing Cash Flow	1,080	1,341	168.44	793.27	612.55	271
Foreign Exchange Rate Adjustments	-0.58	-1.31	-0.25	-1	-0.93	0.49
Net Cash Flow	-126.69	72.66	-591.66	357.25	184.03	45.33
Free Cash Flow	-906.14	-705.81	-549.54	-410.32	-370.59	-225.59
Free Cash Flow Margin	-202.71%	-194.06%	-180.05%	-167.23%	-196.64%	-137.21%
Free Cash Flow Per Share	-4.76	-4.30	-3.91	-3.33	-3.31	-2.31
Cash Interest Paid	57.08	40.57	35.79	10.16	10.89	9.19
Cash Income Tax Paid	4.28	2.5	1.96	1.72	1.56	0.81
Levered Free Cash Flow	-439.67	-418.3	-384.98	-199.98	-181.08	-107.16
Unlevered Free Cash Flow	-393.84	-371.97	-341.44	-186.49	-186.83	-109.06
Change in Working Capital	-14.53	-3.18	-39.22	6.58	-58.58	-2.95

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