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	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	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,587	3,500	6,499	3,934	30,860	19,674
Depreciation & Amortization	-	6,671	6,220	6,615	6,186	4,944
Other Adjustments	5,965	-962	-1,000	-1,323	-762	-986
Changes in Other Operating Activities	-518	552	-311	417	-1,808	-1,610
Operating Cash Flow	8,034	9,761	11,408	9,643	34,476	22,022
Operating Cash Flow Growth	-38.57%	-14.44%	18.30%	-72.03%	56.55%	181.32%
Capital Expenditures	-4,407	-4,799	-4,201	-3,646	-4,163	-2,976
Sale of Property, Plant & Equipment	631	358	466	601	303	205
Purchases of Investments	-5,560	-22,325	-27,870	-18	-46	-79
Proceeds from Sale of Investments	6,101	27,515	23,301	378	250	4
Payments for Business Acquisitions	-674	-674	-8	-140	-4,774	-815
Proceeds from Business Divestments	7	7	28	953	2	3
Other Investing Activities	-1,886	413	359	5,949	-13,191	-4,684
Investing Cash Flow	-410	495	-7,925	4,077	-21,619	-8,342
Long-Term Debt Issued	-405	1,230	2,167	845	83	563
Long-Term Debt Repaid	-3,880	-4,428	-3,756	-3,886	-3,880	-4,776
Net Long-Term Debt Issued (Repaid)	-4,285	-3,198	-1,589	-3,041	-3,797	-4,213
Issuance of Common Stock	-	37	9	24	31	22
Repurchase of Common Stock	-2,074	-2,040	-556	-3,120	-2,738	-1,956
Net Common Stock Issued (Repurchased)	-2,074	-2,003	-547	-3,096	-2,707	-1,934
Common Dividends Paid	-1,288	-2,547	-1,333	-10,876	-6,847	-1,017
Other Financing Activities	-1,114	-124	-31	208	-784	-736
Financing Cash Flow	-8,180	-7,872	-3,500	-16,805	-14,135	-7,900
Effect of Exchange Rate Changes on Cash and Cash Equivalents	41	81	-170	-223	-249	-79
Net Cash Flow	-556	2,384	-17	-3,085	-1,278	5,780
Free Cash Flow	3,627	4,962	7,207	5,997	30,313	19,046
Free Cash Flow Growth	-26.90%	-31.15%	20.18%	-80.22%	59.16%	192.75%
FCF Margin	6.76%	9.19%	12.99%	11.74%	37.18%	30.83%
Free Cash Flow Per Share	237.91	324.88	456.22	355.40	1655.75	995.59
Levered Free Cash Flow	-7,594	1,951	6,228	4,167	25,616	14,087
Unlevered Free Cash Flow	31,597	4,941	7,313	6,521	30,018	18,832

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.