Teladoc Health 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	-200.32	-1,001	-220.37	-13,660	-428.79
Depreciation & Amortization	208.82	249.81	265.76	221.69	219.62
Other Amortization	167.62	133.04	82.96	46.1	-
Asset Writedown & Restructuring Costs	71.76	790	-	13,403	-
Loss (Gain) From Sale of Investments	-	-	-	-	-5.9
Stock-Based Compensation	80.41	145.95	201.55	217.85	302.59
Provision & Write-off of Bad Debts	0	3.8	4.69	2.82	10.6
Other Operating Activities	-35.01	8.65	3.79	5.95	139.86
Change in Accounts Receivable	25.13	-0.38	-10.25	-49.06	-11.17
Change in Inventory	0.4	-9.75	24.1	14.8	-19.49
Change in Accounts Payable	11.45	-10.37	-4.18	1.88	1.19
Change in Unearned Revenue	-19.76	-18.25	-4.9	15.24	20.55
Change in Other Net Operating Assets	-16.14	2.42	6.89	-31.25	-35.06
Operating Cash Flow	294.36	293.68	350.02	189.29	193.99
Operating Cash Flow Growth	0.23%	-16.10%	84.91%	-2.42%	-
Capital Expenditures	-8.89	-10.79	-11.46	-16.48	-8.53
Cash Acquisitions	-81.9	-	-	-	-78.66
Sale (Purchase) of Intangibles	-148.13	-113.26	-144.88	-156.28	-55.4
Investment in Securities	-27.14	-	-	2.51	60.9
Other Investing Activities	0.06	-	0	2.51	8.72
Investing Cash Flow	-266	-124.05	-156.35	-167.74	-72.98
Long-Term Debt Repaid	-550.63	-	-	-	-
Net Debt Issued (Repaid)	-550.63	-	-	-	-
Issuance of Common Stock	3.09	8.31	11.13	12.39	42.59
Other Financing Activities	-4.11	-0	-0.28	-5.89	-1.64
Financing Cash Flow	-551.65	8.31	10.85	6.5	40.95
Foreign Exchange Rate Adjustments	6.06	-3.29	0.97	-3.34	-1.8
Net Cash Flow	-517.24	174.65	205.49	24.7	160.16
Free Cash Flow	285.46	282.89	338.56	172.81	185.46
Free Cash Flow Growth	0.91%	-16.44%	95.91%	-6.82%	-
Free Cash Flow Margin	11.28%	11.01%	13.01%	7.18%	9.12%
Free Cash Flow Per Share	1.62	1.66	2.06	1.07	1.18
Cash Interest Paid	15.01	17.32	17.42	17.36	18.84
Cash Income Tax Paid	8.75	8.95	7.24	2.51	3.97
Levered Free Cash Flow	226.14	229.78	303.95	176.62	241.62
Unlevered Free Cash Flow	238.46	244.65	317.88	190.34	292.34
Change in Working Capital	1.08	-36.32	11.64	-48.39	-43.99

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.