Incyte 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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,189	32.62	597.6	340.66	948.58	-295.7
Depreciation & Amortization	95.94	93.15	86.16	70.96	60.54	54.41
Loss (Gain) From Sale of Investments	7.12	-116.03	-43.89	87.59	24.07	-10.43
Stock-Based Compensation	258.91	266.06	215.89	188.42	183.01	177.88
Other Operating Activities	247.65	-78.7	-110.62	83.51	-452.15	20.98
Change in Accounts Receivable	-138.97	-111.59	-98.68	-28.58	-134.31	-173.19
Change in Inventory	-87.94	-127.63	-170.15	-67.5	-20.97	-19.47
Change in Accounts Payable	-7.36	88.16	-167.95	105.44	73.34	15.12
Change in Other Net Operating Assets	-312.51	289.3	188.12	189.46	67.36	105.79
Operating Cash Flow	1,251	335.34	496.49	969.94	749.49	-124.6
Operating Cash Flow Growth	1128.71%	-32.46%	-48.81%	29.41%	-	-
Capital Expenditures	-54.37	-86.26	-32.49	-77.83	-181.01	-187.38
Sale (Purchase) of Intangibles	-25	-13.9	-15	-	-	-
Investment in Securities	-7.28	257.68	-160.19	-0.71	-26.69	-81.62
Investing Cash Flow	-86.66	157.52	-207.68	-78.54	-207.7	-269
Long-Term Debt Repaid	-	-3.8	-3.36	-2.86	-2.42	-0.84
Net Debt Issued (Repaid)	-4.42	-3.8	-3.36	-2.86	-2.42	-0.84
Issuance of Common Stock	94.61	49.3	35.84	61.12	58.63	133.06
Repurchase of Common Stock	-80.46	-2,045	-28.55	-26.3	-29.94	-22.76
Other Financing Activities	-26.04	-21.96	-23.96	-32.75	-20.09	-37.76
Financing Cash Flow	-16.31	-2,022	-20.03	-0.79	6.18	71.71
Foreign Exchange Rate Adjustments	2.55	2.92	-6.68	3.36	-3.57	2.95
Net Cash Flow	1,151	-1,526	262.1	893.96	544.4	-318.94
Free Cash Flow	1,197	249.07	464	892.11	568.48	-311.98
Free Cash Flow Growth	3798.90%	-46.32%	-47.99%	56.93%	-	-
Free Cash Flow Margin	24.87%	5.87%	12.55%	26.28%	19.04%	-11.70%
Free Cash Flow Per Share	5.95	1.18	2.05	3.98	2.56	-1.43
Cash Income Tax Paid	255.42	373.06	378.21	136.24	67.73	70.71
Levered Free Cash Flow	531.25	619.45	610.78	772.53	448.71	-170.49
Unlevered Free Cash Flow	532.67	620.88	612.38	774.2	449.9	-169.13
Change in Working Capital	-546.77	138.24	-248.65	198.81	-14.57	-71.74

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