Heidelberg Materials AG (ETR:HEI)
Germany · Delayed Price · Currency is EUR 166.60
+3.00 (1.83%)
Sep 4, 2026, 5:35 PM CET
Heidelberg Materials 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 | 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 | 1,993 | 1,941 | 1,782 | 1,929 | 1,597 | 1,759 |
Depreciation & Amortization | 1,269 | 1,291 | 1,305 | 1,203 | 1,262 | 1,233 |
Loss (Gain) From Sale of Assets | -92.6 | -92.6 | -149 | -108.8 | -115.8 | -631.5 |
Asset Writedown & Restructuring Costs | 143.1 | 106.3 | 239.7 | 30 | 140 | -128.2 |
Loss (Gain) From Sale of Investments | - | - | - | - | - | -355.7 |
Loss (Gain) on Equity Investments | -255.7 | -255.7 | -188.1 | -234.2 | -62.4 | 301.8 |
Other Operating Activities | 560 | 639.8 | 577.6 | 834.5 | 660.5 | 746.5 |
Change in Other Net Operating Assets | -410 | -345.7 | -311.4 | -425.5 | -1,046 | -451.6 |
Operating Cash Flow | 3,175 | 3,255 | 3,232 | 3,205 | 2,420 | 2,396 |
Operating Cash Flow Growth | -3.52% | 0.71% | 0.83% | 32.43% | 1.01% | -20.84% |
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 | -1,476 | -1,365 | -1,323 | -1,272 | -1,300 | -1,484 |
Sale of Property, Plant & Equipment | 101.6 | 145.7 | 150.2 | 135.2 | 144.8 | 183.8 |
Cash Acquisitions | -576.5 | -965.4 | -774.3 | -414.2 | -63.5 | -144.8 |
Divestitures | 26.9 | 29.9 | 51.1 | 26.6 | 144.8 | 2,005 |
Sale (Purchase) of Intangibles | -39.9 | -49.9 | -86.6 | -57.3 | -35.1 | -26.9 |
Investment in Securities | -139.8 | -80.3 | 59.9 | 7.6 | -448.8 | -4.9 |
Other Investing Activities | 114.4 | 73.6 | 110.1 | 94.2 | 75.7 | 91.9 |
Investing Cash Flow | -1,989 | -2,211 | -1,813 | -1,480 | -1,482 | 619.8 |
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 |
Short-Term Debt Issued | - | - | 15 | 243.9 | - | 30 |
Long-Term Debt Issued | - | 994.3 | 1,303 | 1,505 | 1.9 | 1.7 |
Total Debt Issued | 2,384 | 994.3 | 1,318 | 1,749 | 1.9 | 31.7 |
Short-Term Debt Repaid | - | -131.4 | - | - | -92 | - |
Long-Term Debt Repaid | - | -1,301 | -1,756 | -737.5 | -1,394 | -1,804 |
Lease Payments | -270.7 | -270.7 | -254.7 | -254.7 | -236.7 | - |
Total Debt Repaid | -1,482 | -1,433 | -1,756 | -737.5 | -1,486 | -1,804 |
Net Debt Issued (Repaid) | 901.8 | -438.5 | -438.5 | 1,011 | -1,484 | -1,772 |
Repurchase of Common Stock | -430.7 | -400 | -350 | -298 | -350 | -349.8 |
Common Dividends Paid | -634.9 | -588.8 | -546.2 | -484.1 | -458.3 | -436.5 |
Other Financing Activities | -122.7 | -124.2 | -115.4 | -94.3 | -246.8 | -281.3 |
Financing Cash Flow | -286.5 | -1,552 | -1,450 | 134.6 | -2,539 | -2,840 |
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 | -29.2 | -85.8 | -14.4 | -47.6 | -60.1 | 64.8 |
Miscellaneous Cash Flow Adjustments | -3.7 | - | -0.9 | - | - | -0.1 |
Net Cash Flow | 866.6 | -593.5 | -46.4 | 1,812 | -1,661 | 240.8 |
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 | 1,699 | 1,890 | 1,909 | 1,933 | 1,120 | 911.8 |
Free Cash Flow Growth | -13.68% | -0.96% | -1.27% | 72.59% | 22.84% | -56.68% |
Free Cash Flow Margin | 7.82% | 8.77% | 8.98% | 9.09% | 5.29% | 4.85% |
Free Cash Flow Per Share | 9.62 | 10.64 | 10.57 | 10.45 | 5.93 | 4.62 |
Levered Free Cash Flow | 1,236 | 1,510 | 1,358 | 1,452 | 521.61 | 984.4 |
Unlevered Free Cash Flow | 1,423 | 1,689 | 1,528 | 1,581 | 616.11 | 1,122 |
Free Cash Flow After Leases | 1,429 | 1,620 | 1,654 | 1,679 | 883.4 | 911.8 |
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 | 374.1 | 356.2 | 354.8 | 321.9 | 211.6 | 287.6 |
Cash Income Tax Paid | 709 | 716.3 | 683.8 | 522.3 | 359.9 | 747.3 |
Change in Working Capital | -410 | -345.7 | -311.4 | -425.5 | -1,046 | -451.6 |