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	-	864	1,023	917	1,351
Depreciation & Amortization	-	277	236	212	195
Asset Writedown & Restructuring Costs	-	81	8	116	111
Stock-Based Compensation	-	105	101	75	59
Other Operating Activities	-	-110	-414	-10	-258
Change in Accounts Receivable	-	383	-212	-123	-277
Change in Inventory	-	-131	-230	-220	-138
Change in Accounts Payable	-	-157	163	-237	663
Change in Income Taxes	-	-65	16	7	-119
Change in Other Net Operating Assets	-	-308	108	121	573
Operating Cash Flow	-	939	799	858	2,458
Operating Cash Flow Growth	-	17.52%	-6.88%	-65.09%	12.39%
Capital Expenditures	-	-175	-251	-196	-192
Sale of Property, Plant & Equipment	-	4	1	7	7
Cash Acquisitions	-	-166	-	-	-
Sale (Purchase) of Intangibles	-	-176	-10	-231	-296
Investing Cash Flow	-	-513	-260	-420	-481
Long-Term Debt Issued	-	1,186	80	-	9,470
Total Debt Issued	-	1,186	80	-	9,470
Short-Term Debt Repaid	-	-	-	-	-1,512
Long-Term Debt Repaid	-	-1,197	-338	-108	-112
Total Debt Repaid	-	-1,197	-338	-108	-1,624
Net Debt Issued (Repaid)	-	-11	-258	-108	7,846
Repurchase of Common Stock	-	-22	-17	-11	-
Common Dividends Paid	-	-297	-294	-290	-145
Other Financing Activities	-	-38	-	-24	-9,034
Financing Cash Flow	-	-368	-569	-433	-1,333
Foreign Exchange Rate Adjustments	-	-76	17	-36	23
Net Cash Flow	-	-18	-13	-31	667
Free Cash Flow	-	764	548	662	2,266
Free Cash Flow Growth	-	39.42%	-17.22%	-70.79%	17.29%
Free Cash Flow Margin	-	11.93%	8.75%	10.72%	35.95%
Free Cash Flow Per Share	-	2.95	2.14	2.59	8.91
Cash Interest Paid	-	487	-	-	-
Levered Free Cash Flow	-	569	445.25	377.25	2,726
Unlevered Free Cash Flow	-	894	774.63	641	2,888
Change in Working Capital	-	-278	-155	-452	702

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