Solventum 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	1,556	479	1,346	1,343	1,460
Depreciation & Amortization	489	555	561	578	597
Loss (Gain) From Sale of Assets	-1,549	-	-56	-	-
Stock-Based Compensation	161	112	39	37	38
Other Operating Activities	-169	-121	-101	-77	40
Change in Accounts Receivable	34	43	-129	-32	-1
Change in Inventory	-139	-132	23	-82	-136
Change in Accounts Payable	104	266	105	25	68
Change in Other Net Operating Assets	-118	-17	127	-113	136
Operating Cash Flow	369	1,185	1,915	1,679	2,202
Operating Cash Flow Growth	-68.86%	-38.12%	14.06%	-23.75%	8.69%
Capital Expenditures	-379	-380	-290	-251	-277
Cash Acquisitions	-696	-	-	-	-
Divestitures	3,890	-	60	-	-
Other Investing Activities	-18	-	-	-2	-1
Investing Cash Flow	2,797	-380	-230	-253	-278
Long-Term Debt Issued	-	8,303	-	-	-
Long-Term Debt Repaid	-3,070	-300	-	-	-
Net Debt Issued (Repaid)	-3,070	8,003	-	-	-
Other Financing Activities	13	-8,243	-1,552	-1,460	-1,960
Financing Cash Flow	-3,057	-240	-1,552	-1,460	-1,960
Foreign Exchange Rate Adjustments	7	3	-	4	3
Net Cash Flow	116	568	133	-30	-33
Free Cash Flow	-10	805	1,625	1,428	1,925
Free Cash Flow Growth	-	-50.46%	13.80%	-25.82%	9.69%
Free Cash Flow Margin	-0.12%	9.75%	19.82%	17.57%	23.56%
Free Cash Flow Per Share	-0.06	4.63	9.41	8.27	-
Cash Interest Paid	442	287	-	-	-
Cash Income Tax Paid	181	244	-	-	-
Levered Free Cash Flow	600.75	1,295	1,590	1,257	-
Unlevered Free Cash Flow	817.63	1,525	1,590	1,257	-
Change in Working Capital	-119	160	126	-202	67

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