Merck KGaA (ETR:MRK)
Germany · Delayed Price · Currency is EUR 143.15
+0.30 (0.21%)
Jul 31, 2026, 5:35 PM CET
Merck 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 | 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 | 2,547 | 2,615 | 2,786 | 2,834 | 3,339 | 3,065 |
Depreciation & Amortization | 2,322 | 2,298 | 2,134 | 1,880 | 2,030 | 1,762 |
Other Adjustments | -215.7 | -168 | -24 | -222 | -27 | 62 |
Change in Receivables | -131.7 | -166 | 79 | -8 | -413 | -310 |
Changes in Inventories | -286.8 | -257 | 36 | -89 | -604 | -472 |
Changes in Accounts Payable | 144.3 | 73 | -178 | -43 | 101 | 433 |
Changes in Accrued Expenses | 151.7 | 124 | 62 | 188 | 279 | 196 |
Changes in Other Operating Activities | -334.1 | -588 | -309 | -755 | -445 | -121 |
Operating Cash Flow | 4,194 | 3,932 | 4,586 | 3,784 | 4,259 | 4,616 |
Operating Cash Flow Growth | 2.13% | -14.26% | 21.20% | -11.15% | -7.73% | 32.76% |
Investing Activities
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 |
Capital Expenditures | -1,551 | -1,585 | -1,702 | -1,807 | -1,531 | -1,066 |
Sale of Property, Plant & Equipment | 28.6 | 25 | 27 | 19 | 1,098 | 7 |
Purchases of Intangible Assets | -428.3 | -373 | -482 | -216 | -275 | -355 |
Proceeds from Sale of Intangible Assets | 205.1 | 171 | 18 | 136 | 38 | 39 |
Purchases of Investments | - | - | - | - | -364 | -269 |
Proceeds from Sale of Investments | - | - | - | - | 219 | 69 |
Cash Acquisitions | -2,964 | -2,915 | -774 | -12 | -854 | -4 |
Proceeds from Business Divestments | 413.9 | 415 | 7 | - | 4 | 1 |
Other Investing Activities | -302.9 | 0 | -144 | -10 | -1,075 | - |
Investing Cash Flow | -4,597 | -4,261 | -3,050 | -1,892 | -2,743 | -1,578 |
Financing Activities
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 |
Long-Term Debt Issued | - | 9,861 | 2,796 | 1,216 | 2,918 | 859 |
Long-Term Debt Repaid | - | -8,184 | -2,743 | -1,784 | -3,506 | -2,606 |
Net Long-Term Debt Issued (Repaid) | - | 1,677 | 53 | -568 | -588 | -1,747 |
Common Dividends Paid | -284.3 | -284 | -284 | -284 | -239 | -181 |
Other Financing Activities | 2,534 | -765 | -756 | -880 | -727 | -575 |
Financing Cash Flow | 2,175 | 628 | -985 | -1,732 | -1,555 | -2,504 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | -33.5 | -77 | -16 | -31 | -7 | 9 |
Net Cash Flow | 1,773 | 299 | 551 | 160 | -39 | 534 |
Free Cash Flow
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 |
Free Cash Flow | 2,643 | 2,347 | 2,884 | 1,977 | 2,728 | 3,550 |
Free Cash Flow Growth | 8.27% | -18.62% | 45.88% | -27.53% | -23.16% | 72.00% |
FCF Margin | 12.61% | 11.12% | 13.63% | 9.42% | 12.27% | 18.03% |
Free Cash Flow Per Share | 6.07 | 5.40 | 6.63 | 4.55 | 6.27 | 8.17 |
Levered Free Cash Flow | 2,978 | 4,350 | 2,873 | 1,630 | 2,554 | 2,040 |
Unlevered Free Cash Flow | 3,238 | 2,911 | 2,914 | 2,310 | 3,315 | 3,996 |