Hensoldt AG (ETR:HAG)
Germany · Delayed Price · Currency is EUR 79.46
-3.12 (-3.78%)
Nov 12, 2026, 5:35 PM CET
Hensoldt AG 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 | 161 | 89 | 108 | 56 | 78 | 63 |
Depreciation & Amortization | 134 | 130 | 114 | 78 | 82 | 110 |
Other Amortization | 48 | 48 | 41 | 31 | 21 | 16 |
Loss (Gain) From Sale of Assets | - | - | 1 | -1 | - | -1 |
Asset Writedown & Restructuring Costs | 3 | 3 | 7 | 8 | - | - |
Loss (Gain) on Equity Investments | -3 | -3 | -3 | - | - | 2 |
Other Operating Activities | 39 | 23 | 15 | 49 | 46 | 9 |
Change in Accounts Receivable | -210 | -16 | -11 | -66 | -13 | -22 |
Change in Inventory | -208 | -169 | -103 | -128 | -75 | -44 |
Change in Accounts Payable | 84 | 44 | 69 | 78 | 110 | 107 |
Change in Other Net Operating Assets | 538 | 301 | 73 | 162 | -5 | 59 |
Operating Cash Flow | 586 | 450 | 311 | 267 | 244 | 299 |
Operating Cash Flow Growth | 48.73% | 44.70% | 16.48% | 9.43% | -18.39% | 51.85% |
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 | -163 | -70 | -199 | -45 | -35 | -29 |
Sale of Property, Plant & Equipment | 1 | 1 | 2 | 1 | - | 3 |
Cash Acquisitions | -85 | -6 | -543 | -1 | -1 | -12 |
Sale (Purchase) of Intangibles | -136 | -136 | - | -69 | -60 | -72 |
Sale (Purchase) of Real Estate | - | - | - | -1 | - | -1 |
Investment in Securities | -5 | -24 | -4 | -8 | -5 | -7 |
Other Investing Activities | 3 | 2 | -1 | 1 | - | 1 |
Investing Cash Flow | -385 | -233 | -745 | -122 | -101 | -117 |
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 |
Long-Term Debt Issued | - | 300 | 450 | 10 | - | 30 |
Long-Term Debt Repaid | - | -257 | -33 | -19 | -188 | -310 |
Lease Payments | -40 | -35 | -27 | -19 | -19 | -16 |
Net Debt Issued (Repaid) | -43 | 43 | 417 | -9 | -188 | -280 |
Issuance of Common Stock | - | - | - | 241 | - | - |
Common Dividends Paid | -64 | -58 | -46 | -32 | -26 | -14 |
Other Financing Activities | 1 | -5 | -4 | -3 | - | -3 |
Financing Cash Flow | -106 | -20 | 367 | 197 | -214 | -297 |
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 | -5 | 1 | -3 | - | 2 | -1 |
Miscellaneous Cash Flow Adjustments | -1 | 2 | 1 | - | - | - |
Net Cash Flow | 89 | 200 | -69 | 342 | -69 | -116 |
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 | 423 | 380 | 112 | 222 | 209 | 270 |
Free Cash Flow Growth | 120.31% | 239.29% | -49.55% | 6.22% | -22.59% | 62.85% |
Free Cash Flow Margin | 15.20% | 15.48% | 5.00% | 12.02% | 12.24% | 18.32% |
Free Cash Flow Per Share | 3.62 | 3.28 | 0.97 | 2.09 | 1.99 | 2.57 |
Levered Free Cash Flow | 265.63 | 241.63 | 110.88 | 132 | 104.25 | 146.5 |
Unlevered Free Cash Flow | 331.88 | 307.88 | 173.38 | 183.25 | 131.75 | 172.75 |
Free Cash Flow After Leases | 383 | 345 | 85 | 203 | 190 | 254 |
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 | 72 | 69 | 66 | 44 | 26 | 36 |
Cash Income Tax Paid | 26 | 31 | 18 | 27 | -38 | 9 |
Change in Working Capital | 204 | 160 | 28 | 46 | 17 | 100 |