Fresenius SE & Co. KGaA (ETR:FRE)
Germany · Delayed Price · Currency is EUR 52.82
-0.65 (-1.22%)
Nov 11, 2026, 5:35 PM CET
Fresenius SE & Co. KGaA 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 | 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 |
Net Income | 1,549 | 1,264 | 471 | -594 | 1,372 | 1,818 |
Depreciation & Amortization | 941 | 933 | 906 | 1,126 | 866 | 2,464 |
Other Amortization | 172 | 171 | 167 | 250 | 291 | 203 |
Loss (Gain) From Sale of Assets | -130 | -166 | -1 | 2,305 | -17 | 42 |
Asset Writedown & Restructuring Costs | 16 | 16 | 166 | 24 | - | - |
Loss (Gain) on Equity Investments | -113 | -198 | -38 | 12 | - | - |
Other Operating Activities | 61 | 319 | 724 | 880 | -224 | 1,085 |
Change in Accounts Receivable | -688 | -205 | -47 | -393 | 137 | 77 |
Change in Inventory | -146 | -210 | -67 | -176 | -268 | -105 |
Change in Accounts Payable | 978 | 756 | 51 | 1,011 | 525 | -154 |
Change in Income Taxes | 29 | 75 | 47 | 104 | -41 | -32 |
Change in Other Net Operating Assets | 25 | -149 | 95 | -147 | -610 | -320 |
Operating Cash Flow | 2,710 | 2,574 | 2,447 | 4,456 | 4,198 | 5,078 |
Operating Cash Flow Growth | 23.86% | 5.19% | -45.08% | 6.15% | -17.33% | -22.46% |
Investing Activities
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 |
Capital Expenditures | -1,062 | -1,105 | -980 | -1,053 | -1,193 | -2,047 |
Sale of Property, Plant & Equipment | 187 | 173 | 7 | 27 | 104 | 30 |
Cash Acquisitions | -344 | -392 | -80 | -233 | -812 | -761 |
Divestitures | - | - | - | -1,953 | - | - |
Sale (Purchase) of Intangibles | - | - | - | - | - | -32 |
Investment in Securities | 1,010 | 620 | 269 | 1 | 29 | -7 |
Other Investing Activities | 12 | -111 | 274 | 24 | -735 | - |
Investing Cash Flow | -197 | -815 | -510 | -3,187 | -2,607 | -2,817 |
Financing Activities
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 |
Short-Term Debt Issued | - | 91 | 52 | 414 | 222 | 3,279 |
Long-Term Debt Issued | - | 2,020 | 250 | 2,106 | 2,711 | 3,172 |
Total Debt Issued | 1,592 | 2,111 | 302 | 2,520 | 2,933 | 6,451 |
Short-Term Debt Repaid | - | -103 | -496 | -61 | -1,594 | -688 |
Long-Term Debt Repaid | - | -3,741 | -1,982 | -1,759 | -1,000 | -6,161 |
Lease Payments | -202 | -173 | -180 | -186 | -200 | -880 |
Total Debt Repaid | -3,452 | -3,844 | -2,478 | -1,820 | -2,594 | -6,849 |
Net Debt Issued (Repaid) | -1,860 | -1,733 | -2,176 | 700 | 339 | -398 |
Issuance of Common Stock | - | - | - | - | - | 38 |
Common Dividends Paid | -498 | -563 | - | -551 | -403 | -491 |
Other Financing Activities | -845 | -127 | -7 | -1,526 | -1,540 | -601 |
Financing Cash Flow | -3,203 | -2,423 | -2,183 | -1,377 | -1,604 | -1,452 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | 22 | -33 | -2 | -43 | -2 | 118 |
Miscellaneous Cash Flow Adjustments | 19 | - | -32 | -36 | - | - |
Net Cash Flow | -649 | -697 | -280 | -187 | -15 | 927 |
Free Cash Flow
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 |
Free Cash Flow | 1,648 | 1,469 | 1,467 | 3,403 | 3,005 | 3,031 |
Free Cash Flow Growth | 52.31% | 0.14% | -56.89% | 13.25% | -0.86% | -26.84% |
Free Cash Flow Margin | 6.98% | 6.42% | 6.68% | 16.15% | 13.96% | 8.08% |
Free Cash Flow Per Share | 2.93 | 2.61 | 2.60 | 6.04 | 5.35 | 5.43 |
Levered Free Cash Flow | 352.75 | 1,603 | 1,353 | 2,311 | 403.43 | 2,784 |
Unlevered Free Cash Flow | 614.63 | 1,881 | 1,698 | 2,635 | 619.05 | 3,178 |
Free Cash Flow After Leases | 1,446 | 1,296 | 1,287 | 3,217 | 2,805 | 2,151 |
Additional Metrics
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 Interest Paid | 339 | 368 | 415 | 389 | 610 | 517 |
Cash Income Tax Paid | 533 | 463 | 430 | 349 | 850 | 750 |
Change in Working Capital | 198 | 267 | 79 | 399 | -257 | -534 |