LVMH Moët Hennessy - Louis Vuitton, Société Européenne (EPA:MC)
France · Delayed Price · Currency is EUR 452.50
+9.40 (2.12%)
Aug 21, 2026, 5:35 PM CET
EPA:MC 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 | 10,877 | 10,878 | 12,550 | 15,174 | 14,084 | 12,036 |
Depreciation & Amortization | 5,807 | 6,088 | 6,038 | 5,521 | 5,234 | 4,742 |
Other Amortization | 793 | 534 | 511 | 454 | 425 | 372 |
Asset Writedown & Restructuring Costs | 607 | 621 | 154 | 43 | 9 | - |
Loss (Gain) on Equity Investments | 5 | 13 | 29 | 42 | 26 | 41 |
Other Operating Activities | 1,583 | 1,316 | 1,567 | 1,743 | 1,074 | 1,031 |
Change in Accounts Receivable | 343 | 213 | 137 | -695 | -394 | -613 |
Change in Inventory | -1,701 | -1,315 | -1,114 | -4,230 | -4,169 | -1,567 |
Change in Accounts Payable | 177 | 215 | -664 | 434 | 1,532 | 1,576 |
Change in Unearned Revenue | -11 | 9 | 106 | 24 | 6 | 27 |
Change in Other Net Operating Assets | 160 | 302 | -390 | -110 | 6 | 1,003 |
Operating Cash Flow | 18,640 | 18,874 | 18,924 | 18,400 | 17,833 | 18,648 |
Operating Cash Flow Growth | -4.51% | -0.26% | 2.85% | 3.18% | -4.37% | 71.13% |
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 | -4,268 | -4,567 | -5,531 | -7,478 | -4,969 | -2,664 |
Cash Acquisitions | - | - | -438 | -721 | -809 | -13,226 |
Divestitures | 454 | 149 | - | - | - | - |
Investment in Securities | -197 | -243 | -579 | -116 | -149 | -99 |
Other Investing Activities | 21 | 21 | 9 | 5 | 7 | 10 |
Investing Cash Flow | -3,990 | -4,640 | -6,539 | -8,310 | -5,920 | -15,979 |
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 | - | 2,095 | 3,595 | 5,990 | 3,774 | 251 |
Long-Term Debt Repaid | - | -7,202 | -6,591 | -6,786 | -6,642 | -8,866 |
Net Debt Issued (Repaid) | -5,032 | -5,107 | -2,996 | -796 | -2,868 | -8,615 |
Issuance of Common Stock | - | - | 53 | - | - | - |
Repurchase of Common Stock | -2,077 | -1,640 | -312 | -1,584 | -1,616 | -556 |
Common Dividends Paid | -6,436 | -6,465 | -6,492 | -6,251 | -6,024 | -3,527 |
Other Financing Activities | -2,246 | -1,684 | -969 | -766 | -2,177 | -2,458 |
Financing Cash Flow | -15,791 | -14,896 | -10,716 | -9,397 | -12,685 | -15,156 |
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 | -95 | -248 | 80 | -273 | 55 | 498 |
Net Cash Flow | -1,236 | -910 | 1,749 | 420 | -717 | -11,989 |
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 | 14,372 | 14,307 | 13,393 | 10,922 | 12,864 | 15,984 |
Free Cash Flow Growth | 0.10% | 6.82% | 22.62% | -15.10% | -19.52% | 89.86% |
Free Cash Flow Margin | 18.05% | 17.71% | 15.82% | 12.68% | 16.25% | 24.89% |
Free Cash Flow Per Share | 28.97 | 28.73 | 26.80 | 21.83 | 25.60 | 31.72 |
Levered Free Cash Flow | 11,537 | 11,795 | 11,408 | 8,751 | 10,581 | 13,354 |
Unlevered Free Cash Flow | 12,222 | 12,515 | 12,149 | 9,359 | 10,820 | 13,505 |
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 |
Cash Interest Paid | 563 | 545 | 483 | 356 | 240 | 231 |
Cash Income Tax Paid | 4,426 | 4,901 | 5,790 | 6,106 | 5,933 | 4,464 |
Change in Working Capital | -1,032 | -576 | -1,925 | -4,577 | -3,019 | 426 |