Solventum 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	380	479	1,346	1,343
Depreciation & Amortization	534	555	561	578
Stock-Based Compensation	135	112	39	37
Other Adjustments	-229	-121	-157	-77
Change in Receivables	64	276	-129	-32
Changes in Inventories	-152	-132	23	-82
Changes in Accounts Payable	157	-299	105	25
Changes in Other Operating Activities	191	315	127	-113
Operating Cash Flow	586	1,185	1,915	1,679
Operating Cash Flow Growth	-68.10%	-38.12%	14.06%	-
Capital Expenditures	-439	-380	-290	-251
Proceeds from Business Divestments	-	-	60	-
Other Investing Activities	-	-	-	-2
Investing Cash Flow	-444	-380	-230	-253
Long-Term Debt Issued	-	8,303	-	-
Long-Term Debt Repaid	-500	-300	-	-
Net Long-Term Debt Issued (Repaid)	-500	8,003	-	-
Other Financing Activities	-	-8,243	-1,552	-1,460
Financing Cash Flow	-555	-240	-1,552	-1,460
Effect of Exchange Rate Changes on Cash and Cash Equivalents	10	3	-	4
Net Cash Flow	-403	568	133	-30
Beginning Cash & Cash Equivalents	897	194	61	91
Ending Cash & Cash Equivalents	492	762	194	61
Free Cash Flow	147	805	1,625	1,428
Free Cash Flow Growth	-81.74%	-50.46%	13.80%	-
FCF Margin	1.75%	9.75%	19.82%	17.56%
Free Cash Flow Per Share	0.84	4.63	9.41	8.27
Levered Free Cash Flow	171	8,541	1,872	1,500
Unlevered Free Cash Flow	1,208	877.53	1,892	1,501

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.