adidas AG Balance Sheet

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	Sep '25 Sep 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
Cash & Equivalents	1,030	2,455	1,431	798	3,828	3,994
Short-Term Investments	-	75	48	78	71	55
Cash & Short-Term Investments	1,030	2,530	1,479	876	3,899	4,049
Cash Growth	-42.17%	71.06%	68.84%	-77.53%	-3.71%	61.19%
Accounts Receivable	3,428	2,425	1,916	2,544	2,190	1,968
Other Receivables	213	720	986	989	775	727
Receivables	3,641	3,145	2,902	3,533	2,977	2,701
Inventory	5,471	4,989	4,525	5,973	4,009	4,397
Prepaid Expenses	-	-	-	296	270	204
Other Current Assets	1,825	1,240	903	1,054	2,789	803
Total Current Assets	11,967	11,904	9,809	11,732	13,944	12,154
Property, Plant & Equipment	4,511	4,912	4,404	4,944	4,825	4,587
Long-Term Investments	360	340	301	301	290	353
Goodwill	1,203	1,275	1,238	1,260	1,228	1,208
Other Intangible Assets	430	426	442	429	352	1,002
Long-Term Deferred Tax Assets	1,080	1,272	1,358	1,216	1,263	1,233
Long-Term Deferred Charges	-	112	47	-	-	-
Other Long-Term Assets	596	414	421	414	235	350
Total Assets	20,147	20,655	18,020	20,296	22,137	21,053
Accounts Payable	2,720	4,106	3,111	2,908	2,294	2,390
Accrued Expenses	-	2,716	1,858	2,745	3,007	2,446
Current Portion of Long-Term Debt	656	570	549	527	29	686
Current Portion of Leases	581	607	545	643	573	563
Current Income Taxes Payable	421	334	323	302	536	562
Current Unearned Revenue	-	1	1	80	86	75
Other Current Liabilities	4,755	1,259	1,656	2,052	2,440	2,105
Total Current Liabilities	9,133	9,593	8,043	9,257	8,965	8,827
Long-Term Debt	1,902	1,915	2,430	2,946	2,466	2,482
Long-Term Leases	2,290	2,495	2,039	2,343	2,263	2,159
Long-Term Unearned Revenue	-	-	-	6	7	5
Pension & Post-Retirement Benefits	103	144	139	118	267	284
Long-Term Deferred Tax Liabilities	94	133	147	135	122	241
Other Long-Term Liabilities	545	507	297	140	210	364
Total Liabilities	14,067	14,787	13,095	14,945	14,300	14,362
Common Stock	179	179	179	179	192	195
Retained Earnings	5,677	4,775	4,145	4,347	6,860	6,733
Comprehensive Income & Other	-157	522	256	465	467	-474
Total Common Equity	5,699	5,476	4,580	4,991	7,519	6,454
Minority Interest	381	392	345	360	318	237
Shareholders' Equity	6,080	5,868	4,925	5,351	7,837	6,691
Total Liabilities & Equity	20,147	20,655	18,020	20,296	22,137	21,053
Total Debt	5,429	5,587	5,563	6,459	5,331	5,890
Net Cash (Debt)	-4,399	-3,057	-4,084	-5,583	-1,432	-1,841
Net Cash Per Share	-24.62	-17.12	-22.87	-30.46	-7.37	-9.43
Filing Date Shares Outstanding	178.68	178.55	178.55	178.54	191.59	195.07
Total Common Shares Outstanding	178.68	178.55	178.55	178.54	191.59	195.07
Working Capital	2,834	2,311	1,766	2,475	4,979	3,327
Book Value Per Share	31.89	30.67	25.65	27.95	39.24	33.09
Tangible Book Value	4,066	3,775	2,900	3,302	5,939	4,244
Tangible Book Value Per Share	22.76	21.14	16.24	18.49	31.00	21.76
Land	-	2,483	2,300	2,291	2,093	1,852
Machinery	-	2,602	2,408	2,386	2,267	2,216
Construction In Progress	-	95	156	230	212	258

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