Bayer Aktiengesellschaft (ETR:BAYN)
Germany · Delayed Price · Currency is EUR 48.04
-0.57 (-1.17%)
Aug 21, 2026, 5:39 PM CET
Bayer Aktiengesellschaft 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 | -1,738 | -3,620 | -2,552 | -2,941 | 4,150 | 1,000 |
Depreciation & Amortization | 5,054 | 4,088 | 4,049 | 3,909 | 3,949 | 3,740 |
Loss (Gain) From Sale of Assets | -399 | -469 | -207 | -152 | -1,692 | -217 |
Asset Writedown & Restructuring Costs | -1,303 | -1,303 | 4,734 | 6,111 | 2,554 | -684 |
Other Operating Activities | 1,460 | 1,300 | 1,259 | 2,255 | 828 | 194 |
Change in Accounts Receivable | 321 | -852 | 197 | 689 | 269 | -61 |
Change in Inventory | 288 | 475 | 521 | -430 | -2,170 | -173 |
Change in Accounts Payable | 215 | -176 | -120 | 82 | 612 | 854 |
Change in Other Net Operating Assets | 885 | 6,487 | -513 | -4,406 | -1,407 | 436 |
Operating Cash Flow | 4,783 | 5,930 | 7,368 | 5,117 | 7,093 | 5,089 |
Operating Cash Flow Growth | -33.11% | -19.52% | 43.99% | -27.86% | 39.38% | 3.79% |
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 | -2,705 | -2,487 | -2,778 | -2,751 | -2,949 | -2,611 |
Sale of Property, Plant & Equipment | 531 | 415 | 295 | 215 | 1,130 | 373 |
Cash Acquisitions | -299 | -196 | -184 | -662 | -89 | -1,340 |
Divestitures | -1 | -2 | 17 | 8 | 2,378 | -6 |
Investment in Securities | 121 | 661 | 2,325 | -306 | -2,978 | 4,302 |
Other Investing Activities | 341 | 339 | 489 | -21 | 127 | 137 |
Investing Cash Flow | -2,012 | -1,270 | 164 | -3,517 | -2,381 | 855 |
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 | - | 6,282 | 5,815 | 16,284 | 6,631 | 6,592 |
Long-Term Debt Repaid | - | -8,327 | -10,833 | -13,031 | -7,605 | -9,044 |
Net Debt Issued (Repaid) | -1,342 | -2,045 | -5,018 | 3,253 | -974 | -2,452 |
Issuance of Common Stock | - | - | - | 23 | 15 | - |
Repurchase of Common Stock | -14 | -14 | -16 | -24 | -25 | - |
Common Dividends Paid | -108 | -108 | -108 | -2,358 | -1,985 | -1,993 |
Other Financing Activities | -1,646 | -1,717 | -2,036 | -1,573 | -1,251 | -1,200 |
Financing Cash Flow | -3,110 | -3,884 | -7,178 | -679 | -4,220 | -5,645 |
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 | 78 | -291 | -10 | -185 | 112 | 35 |
Miscellaneous Cash Flow Adjustments | -7 | -5 | -60 | - | 3 | 39 |
Net Cash Flow | -268 | 480 | 284 | 736 | 607 | 373 |
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 | 2,078 | 3,443 | 4,590 | 2,366 | 4,144 | 2,478 |
Free Cash Flow Growth | -54.77% | -24.99% | 94.00% | -42.91% | 67.23% | -0.28% |
Free Cash Flow Margin | 4.58% | 7.56% | 9.85% | 4.97% | 8.17% | 5.62% |
Free Cash Flow Per Share | 2.12 | 3.50 | 4.67 | 2.41 | 4.22 | 2.52 |
Levered Free Cash Flow | 6,563 | 8,533 | 3,684 | 738.63 | 5,847 | 1,224 |
Unlevered Free Cash Flow | 7,810 | 9,739 | 4,900 | 1,750 | 6,509 | 1,805 |
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 | 1,623 | 1,698 | 1,977 | 1,537 | 1,296 | 1,227 |
Cash Income Tax Paid | 1,219 | 1,243 | 1,222 | 1,770 | 2,125 | 2,159 |
Change in Working Capital | 1,709 | 5,934 | 85 | -4,065 | -2,696 | 1,056 |