Genmab Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	821	963	1,133	631	783.33	452.29
Depreciation & Amortization	60	57	52	43	52.01	29.67
Other Amortization	43	14	8	-	-	-
Asset Writedown & Restructuring Costs	31	32	17	-	-	-
Loss (Gain) From Sale of Investments	-48	-65	-136	21	94.54	105.39
Stock-Based Compensation	152	128	105	85	63.07	47.42
Other Operating Activities	-194	-168	56	93	-166.52	-186.15
Change in Accounts Receivable	-132	-166	-230	116	-305.03	-154.33
Change in Inventory	-9	-9	-1	-8	-	-
Change in Accounts Payable	185	400	122	90	40.66	46.5
Change in Unearned Revenue	-7	-	-	-	-	-
Operating Cash Flow	902	1,186	1,126	1,071	562.07	340.79
Operating Cash Flow Growth	-24.46%	5.33%	5.13%	90.55%	64.93%	-67.77%
Capital Expenditures	-30	-37	-27	-53	-45.55	-38.55
Cash Acquisitions	-7,215	-7,215	-1,783	-	-	-
Sale (Purchase) of Intangibles	-	-18	-17	-1	-	-
Investment in Securities	1,636	1,627	380	-131	-351.15	-108.45
Investing Cash Flow	-5,609	-5,643	-1,447	-185	-396.7	-146.99
Long-Term Debt Issued	-	5,500	-	-	-	-
Long-Term Debt Repaid	-	-13	-9	-14	-10.49	-8.87
Net Debt Issued (Repaid)	5,420	5,487	-9	-14	-10.49	-8.87
Issuance of Common Stock	24	23	19	21	40.23	20.65
Repurchase of Common Stock	-546	-448	-576	-96	-143.1	-76.02
Other Financing Activities	-273	-273	-	-	-	-
Financing Cash Flow	4,625	4,789	-566	-89	-113.36	-64.24
Foreign Exchange Rate Adjustments	-16	3	63	-12	82.47	130.01
Net Cash Flow	-98	335	-824	785	134.48	259.57
Free Cash Flow	872	1,149	1,099	1,018	516.52	302.24
Free Cash Flow Growth	-24.76%	4.55%	7.96%	97.09%	70.90%	-69.98%
Free Cash Flow Margin	22.35%	30.89%	35.21%	42.59%	24.79%	23.48%
Free Cash Flow Per Share	13.91	18.33	17.00	15.45	7.83	4.58
Cash Interest Paid	69	10	5	3	2.3	1.84
Cash Income Tax Paid	508	460	50	155	227.44	113.49
Levered Free Cash Flow	830.38	1,068	915.13	777.92	305.1	259.8
Unlevered Free Cash Flow	916.38	1,106	926.38	784.17	308.6	261.04
Change in Working Capital	37	225	-109	198	-264.37	-107.83

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