Dassault Systèmes SE Cash Flow Statement

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

Millions EUR. 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	1,188	1,198	1,050	930.2	773.8
Depreciation & Amortization	540.7	575.2	575	610.8	576.6
Stock-Based Compensation	-	190.4	184.2	166.7	171.6
Other Adjustments	24	-166.9	-115	-100	-43.2
Change in Receivables	-	-347.7	-97.7	-263.8	-
Changes in Accounts Payable	-	1.4	15	18.3	-
Changes in Accrued Expenses	-	1	47.4	-17.9	-
Changes in Income Taxes Payable	-	42.9	-104.9	44.8	-
Changes in Unearned Revenue	-	141.1	-5	189	-
Changes in Other Operating Activities	-122.6	-112.7	-113.2	-135.6	134.3
Operating Cash Flow	1,630	1,660	1,565	1,525	1,613
Operating Cash Flow Growth	-1.81%	6.04%	2.62%	-5.45%	29.95%
Capital Expenditures	-160.5	-193.4	-145.3	-132.3	-103.7
Payments for Business Acquisitions	-203.5	-22.5	-16.1	-46.4	-21.4
Other Investing Activities	-40.3	24.1	-0.3	-35.2	-35.3
Investing Cash Flow	-404.3	-191.7	-161.6	-213.9	-160.4
Long-Term Debt Issued	99.6	200.2	20.3	257.8	1.3
Long-Term Debt Repaid	-18.3	-700.9	-28.1	-1,144	-341.2
Net Long-Term Debt Issued (Repaid)	81.3	-500.7	-7.8	-886.1	-339.9
Issuance of Common Stock	155.7	48.4	213.1	260.6	156
Repurchase of Common Stock	-340.3	-374	-375.4	-639.6	-283.2
Net Common Stock Issued (Repurchased)	-184.6	-325.6	-162.3	-379	-127.2
Common Dividends Paid	-342.6	-302.7	-276.2	-223.5	-147.1
Other Financing Activities	-343.5	-83	-90.3	-103.8	-97.7
Financing Cash Flow	-789.4	-1,212	-536.7	-1,592	-711.9
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-263.2	128.2	-67.5	70.6	89.8
Net Cash Flow	172.9	384.3	799.3	-210.5	830.6
Free Cash Flow	1,469	1,466	1,420	1,393	1,509
Free Cash Flow Growth	0.20%	3.28%	1.94%	-7.72%	35.46%
FCF Margin	23.56%	23.60%	23.86%	24.59%	31.06%
Free Cash Flow Per Share	1.11	1.10	1.06	1.05	1.13
Levered Free Cash Flow	1,535	1,155	1,312	622.5	1,041
Unlevered Free Cash Flow	1,360	1,558	1,272	1,505	1,393

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