Organon & Co. 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	187	864	1,023	917	1,351
Depreciation & Amortization	361	277	236	212	195
Stock-Based Compensation	77	105	101	75	59
Other Adjustments	397	-102	-408	106	-147
Change in Receivables	79	383	-212	-123	-277
Changes in Inventories	-13	-131	-230	-220	-138
Changes in Accounts Payable	-217	-157	163	-237	663
Changes in Accrued Expenses	-142	-101	102	172	329
Changes in Income Taxes Payable	-61	-65	16	7	-119
Changes in Other Operating Activities	107	-207	6	-51	244
Operating Cash Flow	700	939	799	858	2,458
Operating Cash Flow Growth	-25.45%	17.52%	-6.88%	-65.09%	12.39%
Capital Expenditures	-162	-175	-251	-196	-192
Sale of Property, Plant & Equipment	1	4	1	7	7
Purchases of Intangible Assets	-154	-176	-10	-231	-296
Payments for Business Acquisitions	-75	-166	-	-	-
Investing Cash Flow	-390	-513	-260	-420	-481
Short-Term Debt Repaid	-	-	-	-	-1,512
Net Short-Term Debt Issued (Repaid)	-	-	-	-	-1,512
Long-Term Debt Issued	1,055	1,186	80	-	9,470
Long-Term Debt Repaid	-1,513	-1,197	-338	-108	-112
Net Long-Term Debt Issued (Repaid)	-458	-11	-258	-108	9,358
Common Dividends Paid	-88	-297	-294	-290	-145
Other Financing Activities	-15	-60	-17	-35	-8,678
Financing Cash Flow	-561	-368	-569	-433	-1,333
Effect of Exchange Rate Changes on Cash and Cash Equivalents	150	-76	17	-36	23
Net Cash Flow	-101	-18	-13	-31	667
Free Cash Flow	538	764	548	662	2,266
Free Cash Flow Growth	-29.58%	39.42%	-17.22%	-70.79%	17.29%
FCF Margin	8.66%	11.93%	8.75%	10.72%	35.95%
Free Cash Flow Per Share	2.06	2.95	2.14	2.59	8.91
Levered Free Cash Flow	-398	294	807	496	10,179
Unlevered Free Cash Flow	235.56	912.05	1,953	970.15	2,580

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