Holcim AG Cash Flow Statement

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

Millions CHF. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	13,179	2,926	3,060	3,308	2,298
Depreciation & Amortization	1,116	1,129	1,977	2,194	2,076
Loss (Gain) From Sale of Assets	1,294	71	-47	-1,767	183
Asset Writedown & Restructuring Costs	235	200	105	685	222
Loss (Gain) From Sale of Investments	10	6	-	2	107
Loss (Gain) on Equity Investments	-337	-277	-340	-325	-467
Other Operating Activities	-12,357	-1,135	563	790	665
Change in Accounts Receivable	-52	30	-123	-127	-112
Change in Inventory	-36	-120	-83	-825	-468
Change in Accounts Payable	179	305	308	672	650
Change in Other Net Operating Assets	-104	-20	50	-45	-109
Operating Cash Flow	2,788	5,667	5,470	4,562	5,045
Operating Cash Flow Growth	-50.80%	3.60%	19.90%	-9.57%	9.25%
Capital Expenditures	-1,061	-1,085	-1,505	-1,549	-1,532
Sale of Property, Plant & Equipment	88	91	96	114	112
Cash Acquisitions	-489	-768	-1,975	-2,559	-3,409
Divestitures	552	472	6	6,093	209
Investment in Securities	-124	-24	-92	-19	-91
Other Investing Activities	-926	-723	1	1	1
Investing Cash Flow	-1,960	-2,037	-3,469	2,081	-4,710
Short-Term Debt Issued	-	125	-	-	104
Long-Term Debt Issued	16	25	9	1,747	4,220
Total Debt Issued	16	150	9	1,747	4,324
Short-Term Debt Repaid	-10	-	-16	-472	-
Long-Term Debt Repaid	-1,880	-1,133	-1,811	-2,047	-1,611
Total Debt Repaid	-1,890	-1,133	-1,827	-2,519	-1,611
Net Debt Issued (Repaid)	-1,874	-983	-1,818	-772	2,713
Issuance of Common Stock	76	-	-	-	-
Repurchase of Common Stock	-	-1,441	-1,809	-895	-211
Common Dividends Paid	-1,714	-1,583	-1,441	-1,352	-1,245
Other Financing Activities	3,449	-362	-155	-233	-143
Financing Cash Flow	-63	-4,369	-5,223	-3,252	1,114
Foreign Exchange Rate Adjustments	-662	21	-483	-248	65
Miscellaneous Cash Flow Adjustments	-	-	-	-1	-
Net Cash Flow	103	-718	-3,705	3,142	1,514
Free Cash Flow	1,727	4,582	3,965	3,013	3,513
Free Cash Flow Growth	-62.31%	15.56%	31.60%	-14.23%	0.26%
Free Cash Flow Margin	10.98%	28.28%	14.68%	10.32%	13.09%
Free Cash Flow Per Share	3.12	8.18	6.96	5.00	5.74
Cash Interest Paid	380	491	622	481	503
Cash Income Tax Paid	563	555	702	802	828
Levered Free Cash Flow	1,854	1,594	3,296	2,492	2,641
Unlevered Free Cash Flow	2,057	1,853	3,642	2,773	2,893
Change in Working Capital	-13	195	152	-325	-39

Source: S&P Global Market Intelligence. Standard template. Financial Sources.