Fresenius SE & Co. KGaA Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	1,578	1,606	1,152	288	1,222	2,819
Depreciation & Amortization	1,128	1,120	1,239	1,400	1,157	2,667
Other Adjustments	-239.5	-387	4	-10	-91	126
Change in Receivables	-686.5	-220	43	-387	162	87
Changes in Inventories	-181	-210	-67	-176	-268	-105
Changes in Accounts Payable	446.5	756	51	1,011	525	-154
Changes in Income Taxes Payable	147.5	75	47	104	-41	-32
Changes in Other Operating Activities	469.5	-166	-22	2,226	1,532	-330
Operating Cash Flow	2,907	2,574	2,447	4,456	4,198	5,078
Operating Cash Flow Growth	16.23%	5.19%	-45.08%	6.15%	-17.33%	-22.46%
Capital Expenditures	-815	-1,105	-980	-1,053	-1,193	-2,047
Sale of Property, Plant & Equipment	-	173	7	27	104	30
Proceeds from Sale of Investments	286	620	269	1	29	199
Payments for Business Acquisitions	-291	-392	-80	-233	-812	-999
Other Investing Activities	59.5	-111	274	-1,929	-735	-
Investing Cash Flow	-761.5	-815	-510	-3,187	-2,607	-2,817
Short-Term Debt Issued	79	91	52	414	222	3,279
Short-Term Debt Repaid	-109	-103	-496	-61	-1,594	-688
Net Short-Term Debt Issued (Repaid)	-30	-12	-444	353	-1,372	2,591
Long-Term Debt Issued	386	2,020	250	2,106	2,711	3,172
Long-Term Debt Repaid	-866	-3,568	-1,802	-1,573	-800	-5,281
Net Long-Term Debt Issued (Repaid)	-480	-1,548	-1,552	533	1,911	-2,109
Issuance of Common Stock	-	-	-	-	-	38
Net Common Stock Issued (Repurchased)	-	-	-	-	-	38
Common Dividends Paid	-588	-684	-	-551	-403	-1,068
Other Financing Activities	-192.5	-179	-187	-1,712	-1,740	-904
Financing Cash Flow	-2,459	-2,423	-2,183	-1,377	-1,604	-1,452
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-30	-33	-34	-79	-2	118
Net Cash Flow	-356	-697	-248	-151	-15	927
Free Cash Flow	2,092	1,469	1,467	3,403	3,005	3,031
Free Cash Flow Growth	42.41%	0.14%	-56.89%	13.25%	-0.86%	-26.84%
FCF Margin	9.16%	6.42%	6.68%	16.15%	13.96%	8.08%
Free Cash Flow Per Share	3.71	2.61	2.60	6.04	5.35	5.43
Levered Free Cash Flow	2,156	174	-1,257	3,804	3,623	2,299
Unlevered Free Cash Flow	2,825	2,166	1,688	3,953	3,099	3,209

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.