Air Liquide S.A. (EPA:AI)
France · Delayed Price · Currency is EUR 168.62
+0.30 (0.18%)
Sep 10, 2026, 11:41 AM CET
Air Liquide Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 | 3,539 | 3,518 | 3,306 | 3,078 | 2,759 | 2,572 |
Depreciation & Amortization | 2,539 | 2,501 | 2,444 | 2,428 | 2,413 | 2,123 |
Other Amortization | 62.9 | 62.9 | 61.4 | 53.7 | 53.3 | 50 |
Loss (Gain) From Sale of Assets | -44.3 | 13.4 | -7 | -126.9 | -129.9 | 27.5 |
Loss (Gain) on Equity Investments | -2 | 7.6 | 0.7 | -4.9 | -1.1 | -5.4 |
Other Operating Activities | 662.9 | 515.5 | 538.5 | 878.8 | 968.1 | 306.9 |
Change in Accounts Receivable | -58.3 | -58.3 | - | - | - | - |
Change in Inventory | -83.7 | -83.7 | - | - | - | - |
Change in Accounts Payable | -142.1 | -142.1 | - | - | - | - |
Change in Other Net Operating Assets | -1,104 | 58.1 | -155.1 | -154.4 | -396.8 | 377.3 |
Operating Cash Flow | 5,496 | 6,518 | 6,322 | 6,263 | 5,810 | 5,571 |
Operating Cash Flow Growth | -14.85% | 3.10% | 0.95% | 7.80% | 4.30% | 7.01% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -3,836 | -3,843 | -3,525 | -3,393 | -3,273 | -2,917 |
Sale of Property, Plant & Equipment | 75.9 | 154.5 | 80.1 | 63.2 | 92 | 88.7 |
Cash Acquisitions | -3,299 | -254 | -269 | -103 | -135.8 | -659.8 |
Divestitures | 327.9 | 177.8 | 113 | 339.7 | 61.1 | 130.9 |
Other Investing Activities | 15.9 | 14.1 | 17.6 | 14.5 | 13.8 | 5.5 |
Investing Cash Flow | -6,715 | -3,751 | -3,583 | -3,079 | -3,242 | -3,352 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Long-Term Debt Issued | - | 2,060 | - | - | - | - |
Long-Term Debt Repaid | - | -232.7 | -505.9 | -1,456 | -866.7 | -258.6 |
Lease Payments | -233.1 | -232.7 | -239.1 | -240.1 | -249 | -241.4 |
Net Debt Issued (Repaid) | 4,235 | 1,828 | -505.9 | -1,456 | -866.7 | -258.6 |
Issuance of Common Stock | 123.4 | 134.6 | 30.2 | 122.6 | 23.5 | 172.3 |
Repurchase of Common Stock | -167.1 | -4 | -230.8 | -81.9 | -191.5 | -40.1 |
Common Dividends Paid | -2,203 | -1,955 | -1,718 | -1,581 | -1,411 | -1,335 |
Other Financing Activities | -290.1 | -348 | -383 | -483.5 | -335.8 | -354.5 |
Financing Cash Flow | 1,698 | -344.7 | -2,808 | -3,480 | -2,781 | -1,816 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | -110.9 | -47.2 | -32.4 | -61.6 | -165.2 | 16.8 |
Net Cash Flow | 368.5 | 2,376 | -101.2 | -357.3 | -378 | 420.3 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 1,660 | 2,675 | 2,797 | 2,870 | 2,537 | 2,654 |
Free Cash Flow Growth | -39.62% | -4.37% | -2.53% | 13.11% | -4.40% | 3.04% |
Free Cash Flow Margin | 6.14% | 9.93% | 10.34% | 10.39% | 8.48% | 11.37% |
Free Cash Flow Per Share | 2.61 | 4.21 | 4.40 | 4.51 | 4.00 | 4.19 |
Levered Free Cash Flow | 243.31 | 1,504 | 1,878 | 1,763 | 1,583 | 1,946 |
Unlevered Free Cash Flow | 488.5 | 1,729 | 2,115 | 1,996 | 1,806 | 2,146 |
Free Cash Flow After Leases | 1,427 | 2,442 | 2,558 | 2,630 | 2,288 | 2,413 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Change in Working Capital | -1,388 | -226 | -155.1 | -154.4 | -396.8 | 377.3 |