Penumbra 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	177.69	14.01	90.95	-2	5.28
Depreciation & Amortization	17.27	22.2	24.96	22.62	15.41
Other Amortization	0.2	1.5	2.3	1.7	1
Asset Writedown & Restructuring Costs	-	76.95	18.22	-	-
Stock-Based Compensation	59.21	46.16	50.52	37.38	65.76
Other Operating Activities	27.01	31.44	-10.53	6.18	-11.24
Change in Accounts Receivable	-19.51	26.6	-0.27	-69.86	-21.34
Change in Inventory	-26.48	-65.66	-67.71	-74.63	-51.55
Change in Accounts Payable	3.07	4.17	1.1	13.39	-1.57
Change in Other Net Operating Assets	0.21	11.11	-12.21	9.57	7.75
Operating Cash Flow	238.66	168.48	97.33	-55.66	9.5
Operating Cash Flow Growth	41.66%	73.10%	-	-	-
Capital Expenditures	-63.73	-21.18	-16.2	-19.3	-21.18
Cash Acquisitions	-	-	-	-	2.92
Investment in Securities	-340.86	97.71	0.63	74.09	-3.07
Other Investing Activities	-	1.1	-0.5	-	-0.4
Investing Cash Flow	-404.59	77.62	-16.08	54.79	-21.74
Long-Term Debt Repaid	-2.49	-2.28	-1.98	-1.75	-1.45
Net Debt Issued (Repaid)	-2.49	-2.28	-1.98	-1.75	-1.45
Issuance of Common Stock	31.82	17.17	20.41	21.55	18.37
Repurchase of Common Stock	-2.55	-101.84	-2.07	-8.04	-15.83
Other Financing Activities	-0.26	-0.06	-0.16	-0.14	-0.25
Financing Cash Flow	26.53	-87.01	16.2	11.62	0.84
Foreign Exchange Rate Adjustments	1.89	-2.18	0.17	-0.27	1.11
Net Cash Flow	-137.51	156.92	97.63	10.48	-10.29
Free Cash Flow	174.93	147.3	81.13	-74.96	-11.68
Free Cash Flow Growth	18.76%	81.56%	-	-	-
Free Cash Flow Margin	12.46%	12.33%	7.66%	-8.85%	-1.56%
Free Cash Flow Per Share	4.45	3.75	2.07	-1.98	-0.31
Cash Income Tax Paid	15.35	20.7	6.6	2.92	1.5
Levered Free Cash Flow	92.69	143.81	64.02	-76.2	-5.32
Unlevered Free Cash Flow	93.51	144.69	65.11	-75.11	-4.11
Change in Working Capital	-42.72	-23.78	-79.08	-121.54	-66.71

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