A.P. Møller - Mærsk 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	3,500	6,499	3,934	30,860	19,674
Depreciation & Amortization	6,671	6,220	6,615	6,186	4,944
Other Adjustments	-962	-1,000	-1,323	-762	-986
Changes in Other Operating Activities	552	-311	417	-1,808	-1,610
Operating Cash Flow	9,761	11,408	9,643	34,476	22,022
Operating Cash Flow Growth	-14.44%	18.30%	-72.03%	56.55%	181.32%
Capital Expenditures	-4,799	-4,201	-3,646	-4,163	-2,976
Sale of Property, Plant & Equipment	358	466	601	303	205
Purchases of Investments	-22,325	-27,870	-18	-46	-79
Proceeds from Sale of Investments	27,515	23,301	378	250	4
Payments for Business Acquisitions	-674	-8	-140	-4,774	-815
Proceeds from Business Divestments	7	28	953	2	3
Other Investing Activities	413	359	5,949	-13,191	-4,684
Investing Cash Flow	495	-7,925	4,077	-21,619	-8,342
Long-Term Debt Issued	1,230	2,167	845	83	563
Long-Term Debt Repaid	-926	-705	-660	-800	-2,497
Net Long-Term Debt Issued (Repaid)	304	1,462	185	-717	-1,934
Issuance of Common Stock	37	9	24	31	22
Repurchase of Common Stock	-2,040	-556	-3,120	-2,738	-1,956
Net Common Stock Issued (Repurchased)	-2,003	-547	-3,096	-2,707	-1,934
Common Dividends Paid	-2,547	-1,333	-10,876	-6,847	-1,017
Other Financing Activities	-3,626	-3,082	-3,018	-3,864	-3,015
Financing Cash Flow	-7,872	-3,500	-16,805	-14,135	-7,900
Effect of Exchange Rate Changes on Cash and Cash Equivalents	81	-170	-223	-249	-79
Net Cash Flow	2,384	-17	-3,085	-1,278	5,780
Free Cash Flow	4,962	7,207	5,997	30,313	19,046
Free Cash Flow Growth	-31.15%	20.18%	-80.22%	59.16%	192.75%
FCF Margin	9.19%	12.99%	11.74%	37.18%	30.83%
Free Cash Flow Per Share	324.88	456.22	355.40	1655.75	995.59
Levered Free Cash Flow	5,453	9,279	7,393	28,696	16,366
Unlevered Free Cash Flow	4,941	7,313	6,521	30,018	18,832

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