Air Liquide Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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	3,426	3,306	3,078	2,759	2,572	2,435
Depreciation & Amortization	2,504	2,444	2,428	2,413	2,123	2,087
Other Amortization	61.4	61.4	53.7	53.3	50	50.5
Loss (Gain) From Sale of Assets	-31	-7	-126.9	-129.9	27.5	-454.7
Loss (Gain) on Equity Investments	4.4	0.7	-4.9	-1.1	-5.4	4
Other Operating Activities	464.7	538.5	878.8	968.1	306.9	626.2
Change in Other Net Operating Assets	-105.2	-155.1	-154.4	-396.8	377.3	364.3
Operating Cash Flow	6,454	6,322	6,263	5,810	5,571	5,206
Operating Cash Flow Growth	4.99%	0.95%	7.80%	4.30%	7.01%	10.47%
Capital Expenditures	-3,705	-3,525	-3,393	-3,273	-2,917	-2,630
Sale of Property, Plant & Equipment	175.4	80.1	63.2	92	88.7	81.3
Cash Acquisitions	-309.6	-269	-103	-135.8	-659.8	-129.1
Divestitures	65.9	113	339.7	61.1	130.9	718.8
Other Investing Activities	12.8	17.6	14.5	13.8	5.5	4.6
Investing Cash Flow	-3,760	-3,583	-3,079	-3,242	-3,352	-1,955
Long-Term Debt Repaid	-	-505.9	-1,456	-866.7	-258.6	-727.2
Net Debt Issued (Repaid)	-436.6	-505.9	-1,456	-866.7	-258.6	-727.2
Issuance of Common Stock	22.6	30.2	122.6	23.5	172.3	38.3
Repurchase of Common Stock	-56.5	-230.8	-81.9	-191.5	-40.1	-49.9
Common Dividends Paid	-1,954	-1,718	-1,581	-1,411	-1,335	-1,308
Other Financing Activities	-408.6	-383	-483.5	-335.8	-354.5	-380.9
Financing Cash Flow	-2,833	-2,808	-3,480	-2,781	-1,816	-2,428
Foreign Exchange Rate Adjustments	6.5	-32.4	-61.6	-165.2	16.8	-1.4
Net Cash Flow	-132.7	-101.2	-357.3	-378	420.3	822.1
Free Cash Flow	2,749	2,797	2,870	2,537	2,654	2,576
Free Cash Flow Growth	-2.22%	-2.53%	13.11%	-4.40%	3.04%	24.07%
Free Cash Flow Margin	10.03%	10.34%	10.39%	8.48%	11.37%	12.57%
Free Cash Flow Per Share	4.76	4.84	4.96	4.40	4.61	4.49
Levered Free Cash Flow	1,982	1,878	1,763	1,583	1,946	2,073
Unlevered Free Cash Flow	2,210	2,115	1,996	1,806	2,146	2,304
Change in Working Capital	-105.2	-155.1	-154.4	-396.8	377.3	364.3

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