A.P. Møller - Mærsk Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	4,880	6,109	3,822	29,198	17,942	2,850
Depreciation & Amortization	6,459	6,178	6,238	5,960	4,592	4,378
Loss (Gain) From Sale of Assets	-222	-222	-523	-101	-96	-202
Asset Writedown & Restructuring Costs	42	42	377	226	352	101
Loss (Gain) on Equity Investments	-369	-369	-435	-132	-486	-299
Other Operating Activities	204	-16	-403	971	1,213	1,019
Change in Accounts Receivable	-754	-754	1,392	-1,018	-1,909	-115
Change in Other Net Operating Assets	1,418	440	-825	-628	414	34
Operating Cash Flow	11,658	11,408	9,643	34,476	22,022	7,828
Operating Cash Flow Growth	62.84%	18.30%	-72.03%	56.55%	181.32%	41.12%
Capital Expenditures	-5,530	-4,201	-3,646	-4,163	-2,976	-1,322
Sale of Property, Plant & Equipment	259	466	601	303	205	435
Cash Acquisitions	-674	-8	-140	-4,774	-815	-425
Divestitures	10	28	953	2	3	36
Investment in Securities	1,941	-4,581	6,004	-13,314	-5,041	75
Other Investing Activities	366	371	305	327	282	177
Investing Cash Flow	-3,628	-7,925	4,077	-21,619	-8,342	-1,024
Long-Term Debt Issued	-	2,167	845	83	563	1,303
Long-Term Debt Repaid	-	-3,756	-3,886	-3,880	-4,776	-4,873
Net Debt Issued (Repaid)	-3,295	-1,589	-3,041	-3,797	-4,213	-3,570
Issuance of Common Stock	9	9	24	31	22	30
Repurchase of Common Stock	-1,487	-556	-3,120	-2,738	-1,956	-806
Common Dividends Paid	-2,547	-1,333	-10,876	-6,847	-1,017	-430
Other Financing Activities	-32	-31	208	-784	-736	-842
Financing Cash Flow	-7,352	-3,500	-16,805	-14,135	-7,900	-5,618
Foreign Exchange Rate Adjustments	-40	-170	-223	-249	-79	-80
Net Cash Flow	638	-187	-3,308	-1,527	5,701	1,106
Free Cash Flow	6,128	7,207	5,997	30,313	19,046	6,506
Free Cash Flow Growth	82.54%	20.18%	-80.22%	59.16%	192.75%	85.25%
Free Cash Flow Margin	11.09%	12.99%	11.74%	37.18%	30.83%	16.37%
Free Cash Flow Per Share	394.25	456.22	355.40	1655.75	995.59	331.07
Cash Interest Paid	1,058	966	796	989	774	852
Cash Income Tax Paid	719	658	681	801	582	424
Levered Free Cash Flow	4,312	7,767	3,680	18,793	12,463	5,003
Unlevered Free Cash Flow	4,893	8,347	4,169	19,415	13,026	5,460
Change in Working Capital	664	-314	567	-1,646	-1,495	-81

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.