Adyen Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	996.51	925.16	698.32	564.14	469.72	261.02
Depreciation & Amortization	112.83	101.18	81.93	58.39	31.92	26.1
Other Amortization	3.3	3.29	3.52	5.22	3.09	2.47
Loss (Gain) From Sale of Investments	-4.18	-3.07	-3.21	0.15	0.46	-1.01
Stock-Based Compensation	34.95	35.16	28.05	1.15	5.89	0.92
Other Operating Activities	-22.43	-11.07	50.02	-31.83	-14.37	33.86
Change in Accounts Receivable	3.69	3.11	-45.1	-32.65	19.78	-15.21
Change in Inventory	20.22	4.65	-22.88	-65.75	-3.85	-12.53
Change in Accounts Payable	54.35	77.71	19.56	40.16	-11.05	21.35
Change in Other Net Operating Assets	2,658	568.65	1,060	1,482	1,319	699.67
Operating Cash Flow	3,857	1,705	1,870	2,021	1,820	1,017
Operating Cash Flow Growth	58.67%	-8.84%	-7.48%	11.04%	79.03%	92.02%
Capital Expenditures	-103.19	-98.22	-65.61	-95.58	-51.39	-17.1
Sale (Purchase) of Intangibles	-3.03	-3.03	-4.14	-3.52	-2.96	-4.8
Investment in Securities	1.93	-17.37	-	11.41	12.22	-0.27
Investing Cash Flow	-104.28	-118.62	-69.74	-87.69	-42.13	-22.16
Long-Term Debt Repaid	-	-41.41	-33.81	-22.14	-9.05	-9.44
Net Debt Issued (Repaid)	-43.16	-41.41	-33.81	-22.14	-9.05	-9.44
Issuance of Common Stock	113.66	112.01	13.2	9.93	105.29	12.83
Financing Cash Flow	70.5	70.6	-20.61	-12.22	96.24	3.39
Foreign Exchange Rate Adjustments	-37.86	1.3	4.95	-15	4.35	-5.78
Net Cash Flow	3,785	1,658	1,785	1,906	1,879	992.1
Free Cash Flow	3,754	1,607	1,804	1,926	1,769	999.55
Free Cash Flow Growth	57.89%	-10.97%	-6.29%	8.87%	76.96%	94.36%
Free Cash Flow Margin	171.27%	79.73%	110.97%	144.76%	176.61%	146.09%
Free Cash Flow Per Share	119.23	51.39	57.91	62.02	57.66	32.59
Cash Interest Paid	23.55	26.74	4.78	11.96	12.79	9.41
Cash Income Tax Paid	322.68	320.54	155.17	149.57	127.43	71.97
Levered Free Cash Flow	3,360	1,201	1,537	1,773	1,627	903.97
Unlevered Free Cash Flow	3,375	1,218	1,540	1,780	1,635	909.85
Change in Working Capital	2,736	654.13	1,011	1,424	1,323	693.28

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