Thales S.A. (EPA:HO)
France · Delayed Price · Currency is EUR 250.80
+7.50 (3.08%)
Jul 31, 2026, 10:45 AM CET
Thales 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 | 1,469 | 1,640 | 1,344 | 1,003 | 1,131 | 1,134 |
Depreciation & Amortization | 1,094 | 1,087 | 1,155 | 1,045 | 1,059 | 1,063 |
Other Adjustments | 560.2 | 638.3 | 675.3 | 656.3 | 299.7 | 146.8 |
Changes in Other Operating Activities | 1,904 | -44.1 | -428.7 | -1,193 | 535.9 | 362.9 |
Operating Cash Flow | 5,027 | 3,322 | 2,638 | 1,596 | 2,995 | 2,707 |
Operating Cash Flow Growth | 51.35% | 25.93% | 65.23% | -46.69% | 10.64% | 134.26% |
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 | -742 | -1,503 | -1,240 | -1,247 | -534.6 | -450.8 |
Sale of Property, Plant & Equipment | 9.9 | 10.4 | 6.3 | 4.1 | 9.2 | 4.9 |
Cash Acquisitions | -19 | -9.2 | -1,169 | -3,535 | -417.8 | -54.7 |
Proceeds from Business Divestments | -63.4 | -76.9 | 1,520 | 109 | 28.9 | 2.2 |
Other Investing Activities | 3.4 | -77.4 | 237.8 | -99.4 | -217.2 | 5 |
Investing Cash Flow | -821.5 | -909.8 | -62.8 | -4,233 | -1,171 | -493.4 |
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 | 30.5 | 51.1 | 158.2 | 3,655 | 90.7 | 51.1 |
Long-Term Debt Repaid | -1,927 | -1,879 | -1,155 | -908.7 | -786.9 | -1,763 |
Net Long-Term Debt Issued (Repaid) | -1,897 | -1,828 | -996.9 | 2,746 | -696.2 | -1,712 |
Repurchase of Common Stock | - | -45.2 | -275.4 | -491 | -350.7 | -26.7 |
Net Common Stock Issued (Repurchased) | - | -45.2 | -275.4 | -491 | -350.7 | -26.7 |
Common Dividends Paid | -801.3 | -780.7 | -708.4 | -633.7 | -563.4 | -417 |
Other Financing Activities | -6.1 | -2.2 | -14.3 | -49.3 | -41.7 | -13.5 |
Financing Cash Flow | -2,748 | -2,656 | -2,002 | 1,591 | -1,749 | -2,169 |
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 | 44 | -76.5 | -12.9 | -43.7 | 4.5 | 41.8 |
Net Cash Flow | 1,160 | -320.6 | 559.8 | -1,089 | 80 | 86 |
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 | 4,285 | 1,819 | 1,398 | 349.3 | 2,460 | 2,256 |
Free Cash Flow Growth | 135.62% | 30.11% | 300.20% | -85.80% | 9.06% | 190.71% |
FCF Margin | 18.78% | 8.22% | 6.79% | 1.90% | 14.00% | 13.93% |
Free Cash Flow Per Share | 20.81 | 8.83 | 6.79 | 1.67 | 11.59 | 10.59 |
Levered Free Cash Flow | 1,855 | -613.3 | -90.6 | 2,375 | 1,485 | 351.6 |
Unlevered Free Cash Flow | 4,153 | 1,221 | 829.37 | -166.28 | 2,180 | 1,973 |