FRA:SJ3 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	2,569	2,681	2,389	2,020	1,864
Depreciation & Amortization	1,290	1,160	1,141	1,037	1,027
Stock-Based Compensation	123.5	138.1	115.9	99.7	97.7
Other Adjustments	279.1	-137	49.8	-57.5	26.9
Change in Receivables	-162.8	-10.7	85.6	-200.2	-287.8
Changes in Inventories	132.5	-32.9	323.4	-666.7	-228.1
Changes in Accounts Payable	-37.8	21.8	-241.1	46.6	346.1
Changes in Accrued Expenses	-25.9	-7.9	75.7	65.8	-10.9
Changes in Income Taxes Payable	-38.6	-13.5	16.9	9.5	-71.2
Changes in Other Operating Activities	-605.1	-716.9	-433.7	-433.9	-519.4
Operating Cash Flow	3,452	3,153	3,522	1,920	2,245
Operating Cash Flow Growth	9.46%	-10.47%	83.44%	-14.47%	-34.15%
Capital Expenditures	-797.6	-1,070	-888.4	-644.5	-372
Sale of Property, Plant & Equipment	10.7	11.6	70.1	33.2	14.8
Payments for Business Acquisitions	-1,211	-78.9	-264.7	-1,003	-210.9
Proceeds from Business Divestments	-	-	103.7	-	122.5
Other Investing Activities	-68.1	-59	-60	6.8	-30.8
Investing Cash Flow	-2,066	-1,196	-1,039	-1,608	-476.4
Long-Term Debt Issued	1,540	1,093	306.5	1,207	994.8
Long-Term Debt Repaid	-1,050	-1,100	-136.4	-260.3	-422.9
Net Long-Term Debt Issued (Repaid)	489.9	-7.1	170.1	946.7	571.9
Issuance of Common Stock	140.6	242	111.6	89.3	204.5
Repurchase of Common Stock	-1,656	-1,739	-1,432	-883.2	-2,752
Net Common Stock Issued (Repurchased)	-1,516	-1,497	-1,320	-793.9	-2,548
Common Dividends Paid	-789.8	-723.4	-623.7	-618.5	-587.1
Other Financing Activities	437.1	210.2	-650.6	183.3	729
Financing Cash Flow	-1,379	-2,017	-2,425	-282.4	-1,834
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-9.9	-6.2	20	3.2	4.9
Net Cash Flow	-3.2	-66.4	78	33.1	-60.9
Free Cash Flow	2,654	2,083	2,634	1,275	1,873
Free Cash Flow Growth	27.40%	-20.90%	106.48%	-31.89%	-39.69%
FCF Margin	11.26%	9.02%	11.42%	5.76%	9.39%
Free Cash Flow Per Share	10.60	8.20	10.20	4.87	7.01
Levered Free Cash Flow	2,975	2,014	2,552	2,380	2,608
Unlevered Free Cash Flow	2,851	2,301	2,734	1,771	2,293

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.