Twilio 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	33.83	-109.4	-1,015	-1,256	-949.9
Depreciation & Amortization	195.44	205.98	284.41	279.13	258.38
Other Amortization	74.53	76.35	72.89	57.91	31.54
Loss (Gain) From Sale of Assets	-	-	32.28	-	-
Asset Writedown & Restructuring Costs	1.85	-	320.5	97.72	-
Loss (Gain) From Sale of Investments	-15.15	-13.04	54.15	33.17	36.16
Loss (Gain) on Equity Investments	181.85	108.48	121.9	35.32	-
Stock-Based Compensation	600.41	616.61	675.86	798.56	632.29
Provision & Write-off of Bad Debts	8.23	35.39	51.86	35.01	7.21
Other Operating Activities	36.12	30.01	46.99	61.61	111.25
Change in Accounts Receivable	-55.07	-61.16	-85.09	-194.66	-117.94
Change in Accounts Payable	-14.97	-20.26	12.37	30.34	10.19
Change in Unearned Revenue	2.04	11.18	5.37	-2.69	45.63
Change in Other Net Operating Assets	-45.87	-163.91	-163.29	-229.64	-123
Operating Cash Flow	1,003	716.24	414.75	-254.37	-58.19
Operating Cash Flow Growth	40.07%	72.69%	-	-	-
Capital Expenditures	-5.85	-6.98	-11.31	-34.42	-46.05
Cash Acquisitions	-61.5	-	-5.77	-37.41	-491.52
Divestitures	-	-	38.19	-	-
Sale (Purchase) of Intangibles	-51.97	-51.81	-39.93	-45.76	-43.97
Investment in Securities	200.26	1,430	247.41	-498.86	-1,908
Investing Cash Flow	80.95	1,371	228.6	-616.45	-2,490
Long-Term Debt Issued	-	-	-	-	984.72
Long-Term Debt Repaid	-5.31	-12.56	-16.13	-13.42	-8.3
Net Debt Issued (Repaid)	-5.31	-12.56	-16.13	-13.42	976.43
Issuance of Common Stock	41.36	37.39	43.84	59.56	1,903
Repurchase of Common Stock	-869.15	-2,336	-671.32	-1.1	-10.39
Other Financing Activities	-	-	-	-0.04	227.73
Financing Cash Flow	-833.1	-2,312	-643.61	45.01	3,096
Foreign Exchange Rate Adjustments	-	-	0.11	0.06	-0.19
Net Cash Flow	251.1	-224.49	-0.15	-825.75	547.95
Free Cash Flow	997.4	709.26	403.44	-288.79	-104.24
Free Cash Flow Growth	40.62%	75.80%	-	-	-
Free Cash Flow Margin	19.68%	15.91%	9.71%	-7.55%	-3.67%
Free Cash Flow Per Share	6.24	4.28	2.20	-1.58	-0.60
Cash Interest Paid	-	37.9	38.39	37.5	20.64
Cash Income Tax Paid	-	36.55	37.82	7.41	6.15
Levered Free Cash Flow	942.94	742.07	624.86	261.25	270.75
Unlevered Free Cash Flow	942.94	742.07	624.86	261.25	270.75
Change in Working Capital	-113.87	-234.14	-230.65	-396.64	-185.11

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