FRA:L0T Cash Flow Statement

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

Millions USD. 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	2,084	1,993	1,385	1,916	2,247
Depreciation & Amortization	578	580	610	633	625
Loss (Gain) From Sale of Investments	-97	-	-	-	-
Stock-Based Compensation	130	125	114	67	76
Other Operating Activities	-351	-592	-186	-329	18
Change in Accounts Receivable	-276	-154	-163	-453	-1,313
Change in Inventory	-142	-81	111	-402	-435
Change in Accounts Payable	90	60	-100	481	263
Change in Unearned Revenue	81	68	26	138	-21
Change in Other Net Operating Assets	-110	-44	304	83	147
Operating Cash Flow	1,987	1,951	2,101	2,113	1,607
Operating Cash Flow Growth	1.85%	-7.14%	-0.57%	31.49%	-4.74%
Capital Expenditures	-482	-401	-387	-310	-248
Sale of Property, Plant & Equipment	-	-	1	4	15
Cash Acquisitions	-378	-313	-147	-	-1,481
Investment in Securities	-118	-40	-48	-59	-
Other Investing Activities	-69	-160	23	-33	-47
Investing Cash Flow	-1,047	-914	-558	-398	-1,761
Short-Term Debt Issued	1	-	-	9	-
Long-Term Debt Issued	2,734	995	2,006	8,198	5
Total Debt Issued	2,735	995	2,006	8,207	5
Short-Term Debt Repaid	-	-	-12	-	-7
Long-Term Debt Repaid	-1,767	-1,418	-855	-3	-10
Total Debt Repaid	-1,767	-1,418	-867	-3	-17
Net Debt Issued (Repaid)	968	-423	1,139	8,204	-12
Issuance of Common Stock	37	33	34	-	-
Repurchase of Common Stock	-242	-93	-33	-	-
Common Dividends Paid	-64	-55	-41	-	-
Other Financing Activities	-81	-34	-1,577	-9,026	-251
Financing Cash Flow	618	-572	-478	-822	-263
Foreign Exchange Rate Adjustments	66	-77	-10	-3	-34
Miscellaneous Cash Flow Adjustments	-2	-1	-	-	-
Net Cash Flow	1,622	387	1,055	890	-451
Free Cash Flow	1,505	1,550	1,714	1,803	1,359
Free Cash Flow Growth	-2.90%	-9.57%	-4.94%	32.67%	-6.28%
Free Cash Flow Margin	7.30%	7.88%	8.77%	9.83%	7.73%
Free Cash Flow Per Share	3.29	3.38	3.74	3.97	2.99
Cash Interest Paid	522	550	570	-	21
Cash Income Tax Paid	429	491	474	851	615
Levered Free Cash Flow	1,687	2,166	2,860	1,867	748.25
Unlevered Free Cash Flow	1,687	2,166	2,860	1,921	773.25
Change in Working Capital	-357	-151	178	-153	-1,359

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