Smith & Nephew Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 28, 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	491	412	263	223	524	448
Depreciation & Amortization	503	503	489	548	563	545
Other Amortization	52	52	38	-	-	-
Loss (Gain) From Sale of Assets	27	22	18	11	14	34
Asset Writedown & Restructuring Costs	90	90	152	69	3	17
Loss (Gain) From Sale of Investments	-	-	4	-	-74	-
Loss (Gain) on Equity Investments	9	10	30	141	-9	-14
Stock-Based Compensation	41	40	39	40	41	26
Other Operating Activities	-59	-35	-93	-29	-35	-182
Change in Accounts Receivable	-86	-81	-49	-103	-81	209
Change in Inventory	77	-42	-178	-407	-151	-45
Change in Accounts Payable	-	16	-105	-25	82	-103
Operating Cash Flow	1,145	987	608	468	877	935
Operating Cash Flow Growth	56.21%	62.34%	29.92%	-46.64%	-6.20%	-19.95%
Capital Expenditures	-348	-381	-427	-358	-408	-443
Cash Acquisitions	-8	-186	-21	-113	-285	-170
Investment in Securities	-	-2	-	-1	2	7
Investing Cash Flow	-344	-569	-448	-472	-691	-606
Short-Term Debt Issued	-	-	326	-	-	-
Long-Term Debt Issued	-	1,000	-	485	-	1,950
Total Debt Issued	27	1,000	326	485	-	1,950
Short-Term Debt Repaid	-	-705	-151	-407	-267	-5
Long-Term Debt Repaid	-	-55	-52	-528	-59	-455
Total Debt Repaid	-371	-760	-203	-935	-326	-460
Net Debt Issued (Repaid)	-344	240	123	-450	-326	1,490
Issuance of Common Stock	1	1	-	6	14	11
Repurchase of Common Stock	-	-	-	-158	-	-16
Common Dividends Paid	-327	-327	-327	-327	-329	-328
Other Financing Activities	-5	-	4	3	-4	7
Financing Cash Flow	-675	-86	-200	-926	-645	1,164
Foreign Exchange Rate Adjustments	2	-15	-4	-11	-7	1
Net Cash Flow	128	317	-44	-941	-466	1,494
Free Cash Flow	797	606	181	110	469	492
Free Cash Flow Growth	164.78%	234.81%	64.55%	-76.55%	-4.67%	-35.26%
Free Cash Flow Margin	13.41%	10.43%	3.26%	2.11%	9.00%	10.79%
Free Cash Flow Per Share	0.91	0.69	0.21	0.13	0.53	0.56
Cash Interest Paid	150	140	104	73	80	61
Cash Income Tax Paid	180	140	125	47	97	-22
Levered Free Cash Flow	700.88	565.13	248.63	134.25	648	258.88
Unlevered Free Cash Flow	790.88	655.75	331.13	184.25	698	297.63
Change in Working Capital	-9	-107	-332	-535	-150	61

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