Genmab 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	1,583	1,089	645.39	783.33	452.29	781.94
Depreciation & Amortization	71.88	57.33	43.75	52.01	29.67	43.71
Asset Writedown & Restructuring Costs	8.07	15.96	-	-	-	4.77
Loss (Gain) From Sale of Investments	-87.8	-34.29	-43.45	94.54	105.39	-143.47
Stock-Based Compensation	127.27	100.09	86.9	63.07	47.42	32.87
Other Operating Activities	-303.94	-46.78	159.86	-166.52	-186.15	175.19
Change in Accounts Receivable	-180.78	-220.73	118.19	-305.03	-154.33	50.29
Change in Inventory	-3.79	-0.69	-8.45	-	-	-
Change in Accounts Payable	154.63	118.97	92.24	40.66	46.5	27.61
Change in Unearned Revenue	-	-	-	-	-	84.31
Operating Cash Flow	1,369	1,079	1,094	562.07	340.79	1,057
Operating Cash Flow Growth	35.97%	-1.43%	94.72%	64.93%	-67.77%	430.89%
Capital Expenditures	-40.38	-25.96	-54.28	-45.55	-38.55	-50.45
Cash Acquisitions	-140.81	-1,700	-	-	-	-
Sale (Purchase) of Intangibles	-34.38	-16.24	-1.48	-	-	-
Investment in Securities	47.21	366.91	-134.36	-351.15	-108.45	-335.91
Investing Cash Flow	-168.36	-1,375	-190.12	-396.7	-146.99	-386.37
Long-Term Debt Repaid	-	-8.33	-13.5	-10.49	-8.87	-7.23
Net Debt Issued (Repaid)	-12.43	-8.33	-13.5	-10.49	-8.87	-7.23
Issuance of Common Stock	18.27	17.91	22.54	40.23	20.65	23.01
Repurchase of Common Stock	-497.5	-553.62	-98.91	-143.1	-76.02	-4.11
Financing Cash Flow	-491.66	-544.04	-89.87	-113.36	-64.24	11.67
Foreign Exchange Rate Adjustments	137.32	145.21	-76.82	82.47	130.01	-73.13
Net Cash Flow	846.1	-695.36	737.63	134.48	259.57	609.38
Free Cash Flow	1,328	1,053	1,040	516.52	302.24	1,007
Free Cash Flow Growth	35.17%	1.22%	101.38%	70.90%	-69.98%	437.58%
Free Cash Flow Margin	34.54%	35.23%	42.58%	24.79%	23.48%	60.59%
Free Cash Flow Per Share	21.06	16.29	15.78	7.83	4.58	15.28
Cash Interest Paid	5.5	4.86	3.71	2.3	1.84	3.29
Cash Income Tax Paid	321.88	47.62	158.23	227.44	113.49	242.57
Levered Free Cash Flow	955.98	867.97	789.22	305.1	259.8	768.36
Unlevered Free Cash Flow	972.14	878.38	795.71	308.6	261.04	769.39
Change in Working Capital	-29.94	-102.45	201.98	-264.37	-107.83	162.21

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.