IDEXX Laboratories 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	1,059	887.87	845.04	679.09	744.84
Depreciation & Amortization	145.18	129.94	114.91	111.9	104.6
Stock-Based Compensation	60.01	60.3	59.74	49.77	37.76
Other Adjustments	144.66	-15.86	-40.75	-24.25	5.87
Change in Receivables	-68.72	-28.28	-53.87	-41.4	-33.14
Changes in Inventories	-0.79	-28	-28.65	-121.73	-52.92
Changes in Accounts Payable	-8.57	8.09	-0.56	3.47	11.23
Changes in Unearned Revenue	6.93	-4.38	-3.03	-11.02	-7.55
Changes in Other Operating Activities	-156.36	-80.67	13.68	-102.85	-55.15
Operating Cash Flow	1,182	929	906.51	542.98	755.55
Operating Cash Flow Growth	27.21%	2.48%	66.95%	-28.13%	16.59%
Capital Expenditures	-124.68	-120.92	-133.63	-148.84	-119.55
Purchases of Intangible Assets	-13.55	-10	-	-10	-
Purchases of Investments	-0.76	-1	-	-25	-
Payments for Business Acquisitions	-	-76.69	-	-11.51	-173.42
Other Investing Activities	2.74	1.56	8.38	-	-
Investing Cash Flow	-136.24	-207.06	-125.25	-195.35	-292.97
Short-Term Debt Issued	148	-	-329	505.5	73.5
Net Short-Term Debt Issued (Repaid)	148	-	-329	505.5	73.5
Long-Term Debt Issued	250	-	-	-	-
Long-Term Debt Repaid	-428.39	-75	-75	-75	-50
Net Long-Term Debt Issued (Repaid)	-178.39	-75	-75	-75	-50
Issuance of Common Stock	93.36	44.49	47.03	35.75	46.57
Repurchase of Common Stock	-1,224	-847.57	-81.9	-830.32	-762.34
Net Common Stock Issued (Repurchased)	-1,131	-803.07	-34.86	-794.57	-715.77
Other Financing Activities	-3.74	-	-3.14	-6.87	-5.14
Financing Cash Flow	-1,165	-878.07	-442	-370.94	-697.41
Effect of Exchange Rate Changes on Cash and Cash Equivalents	11.2	-9.53	2.13	-8.61	-4.64
Net Cash Flow	-108.2	-165.67	341.39	-31.91	-239.47
Free Cash Flow	1,057	808.08	772.88	394.15	636
Free Cash Flow Growth	30.82%	4.55%	96.09%	-38.03%	17.54%
FCF Margin	24.56%	20.73%	21.11%	11.71%	19.78%
Free Cash Flow Per Share	13.05	9.71	9.20	4.66	7.35
Levered Free Cash Flow	890.79	716.92	403.76	840.52	649.01
Unlevered Free Cash Flow	949.86	806.73	836.39	440.65	649.75

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.