adidas AG Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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 & Equivalents	1,651	1,617	2,455	1,431	798	3,828
Short-Term Investments	-	23	75	48	78	71
Cash & Short-Term Investments	1,651	1,640	2,530	1,479	876	3,899
Cash Growth	60.29%	-35.18%	71.06%	68.84%	-77.53%	-3.71%
Accounts Receivable	3,661	2,646	2,425	1,916	2,544	2,190
Other Receivables	200	739	723	986	989	775
Receivables	3,861	3,385	3,148	2,902	3,533	2,977
Inventory	5,739	5,832	4,989	4,525	5,973	4,009
Prepaid Expenses	-	353	290	-	296	270
Other Current Assets	1,939	767	947	903	1,054	2,789
Total Current Assets	13,190	11,977	11,904	9,809	11,732	13,944
Property, Plant & Equipment	4,620	4,578	4,912	4,404	4,944	4,825
Long-Term Investments	297	353	340	301	301	290
Goodwill	1,223	1,203	1,275	1,238	1,260	1,228
Other Intangible Assets	425	443	426	442	429	352
Long-Term Deferred Tax Assets	987	1,077	1,272	1,358	1,216	1,263
Long-Term Deferred Charges	-	-	-	47	-	-
Other Long-Term Assets	705	631	526	421	414	235
Total Assets	21,447	20,262	20,655	18,020	20,296	22,137

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Accounts Payable	2,717	2,910	3,096	3,111	2,908	2,294
Accrued Expenses	-	3,187	3,038	1,858	2,745	3,007
Current Portion of Long-Term Debt	590	645	570	549	527	29
Current Portion of Leases	623	603	607	545	643	573
Current Income Taxes Payable	595	357	334	323	302	536
Current Unearned Revenue	-	114	108	1	80	86
Other Current Liabilities	4,774	1,278	1,840	1,656	2,052	2,440
Total Current Liabilities	9,299	9,094	9,593	8,043	9,257	8,965
Long-Term Debt	2,489	1,996	1,915	2,430	2,946	2,466
Long-Term Leases	2,282	2,310	2,495	2,039	2,343	2,263
Long-Term Unearned Revenue	-	1	1	-	6	7
Pension & Post-Retirement Benefits	68	106	144	139	118	267
Long-Term Deferred Tax Liabilities	39	45	133	147	135	122
Other Long-Term Liabilities	610	585	506	297	140	210
Total Liabilities	14,787	14,137	14,787	13,095	14,945	14,300

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Common Stock	172	179	179	179	179	192
Retained Earnings	5,807	5,758	4,775	4,145	4,347	6,860
Comprehensive Income & Other	-1,113	-161	522	256	465	467
Total Common Equity	6,255	5,776	5,476	4,580	4,991	7,519
Minority Interest	405	349	392	345	360	318
Shareholders' Equity	6,660	6,125	5,868	4,925	5,351	7,837
Total Liabilities & Equity	21,447	20,262	20,655	18,020	20,296	22,137

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Total Debt	5,984	5,554	5,587	5,563	6,459	5,331
Net Cash (Debt)	-4,333	-3,914	-3,057	-4,084	-5,583	-1,432
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-24.62	-21.92	-17.12	-22.87	-30.46	-7.37
Filing Date Shares Outstanding	172.41	177.35	178.55	178.55	178.54	191.59
Total Common Shares Outstanding	172.41	178.67	178.55	178.55	178.54	191.59
Working Capital	3,891	2,883	2,311	1,766	2,475	4,979
Book Value Per Share	36.28	32.33	30.67	25.65	27.95	39.24
Tangible Book Value	4,607	4,130	3,775	2,900	3,302	5,939
Tangible Book Value Per Share	26.72	23.12	21.14	16.24	18.49	31.00
Land	-	2,470	2,483	2,300	2,291	2,093
Machinery	-	2,407	2,602	2,408	2,386	2,267
Construction In Progress	-	84	95	156	230	212