Masimo 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	Sep '25 Sep 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Jan '21 Jan 2, 2021
Net Income	-569.4	-304.9	81.5	143.5	229.6	240.3
Depreciation & Amortization	97.5	103	98.3	136.1	35.6	29.3
Other Amortization	2.8	1.9	1.9	1.4	-	-
Loss (Gain) From Sale of Assets	7.6	-	-	-	0.5	0.6
Asset Writedown & Restructuring Costs	304	304	10	-	-	-
Stock-Based Compensation	42.9	41.5	7	47.7	44.7	42.2
Provision & Write-off of Bad Debts	2.7	1.1	1.1	1.3	0.8	0.1
Other Operating Activities	395.5	60.5	-34.8	-38.8	-15.1	-5
Change in Accounts Receivable	-49.9	-65	88.2	-144.1	-60.8	-2.2
Change in Inventory	-68.6	-7.5	-69.2	-155.9	13.5	-94.4
Change in Accounts Payable	3.9	14.8	-19.6	60.5	11	7.6
Change in Unearned Revenue	0.3	10.3	7.1	28.1	7.1	10.9
Change in Income Taxes	12.2	2.2	-15.1	3.8	6.4	-1.3
Change in Other Net Operating Assets	36.3	34.5	-62.3	-54.2	-8.7	-17
Operating Cash Flow	207.8	196.4	94.1	29.4	264.6	211.1
Operating Cash Flow Growth	-6.82%	108.71%	220.07%	-88.89%	25.34%	-4.76%
Capital Expenditures	-17.4	-20	-44	-52.8	-25.5	-72.5
Cash Acquisitions	-	-	7.5	-999.7	-	-116.1
Sale (Purchase) of Intangibles	-22.7	-31.1	-43.7	-3.5	-9.4	-7.4
Investment in Securities	-	-	-	-	-2.6	113.2
Other Investing Activities	301.3	-0.1	-1	-1.7	-	-
Investing Cash Flow	267.3	-51.2	-81.2	-1,058	-37.5	-82.8
Long-Term Debt Issued	-	98.8	189	1,084	-	-
Long-Term Debt Repaid	-	-237.8	-240.2	-135.4	-	-
Net Debt Issued (Repaid)	-169.5	-139	-51.2	948.5	-	-
Issuance of Common Stock	63.4	25.2	7	8.1	23.2	58.4
Repurchase of Common Stock	-196.4	-11.8	-12.9	-426.9	-145.6	-112.7
Other Financing Activities	-10.1	-	-	-9.3	-	-
Financing Cash Flow	-312.6	-125.6	-57.1	520.4	-122.4	-54.3
Foreign Exchange Rate Adjustments	-10.8	-6.4	2.8	-30.9	-1.3	2.9
Net Cash Flow	151.7	13.2	-41.4	-538.8	103.4	76.9
Free Cash Flow	190.4	176.4	50.1	-23.4	239.1	138.6
Free Cash Flow Growth	-3.45%	252.10%	-	-	72.51%	-9.57%
Free Cash Flow Margin	8.73%	8.42%	2.45%	-1.15%	19.30%	12.12%
Free Cash Flow Per Share	3.53	3.31	0.93	-0.42	4.14	2.39
Cash Interest Paid	36.1	39.1	51	23	0.3	0.3
Cash Income Tax Paid	32.6	41.9	54.4	87.3	43.9	39.5
Levered Free Cash Flow	329.14	153.83	42.65	-23.14	217.54	59.93
Unlevered Free Cash Flow	349.78	179.18	72.19	-8.48	217.73	60.11
Change in Working Capital	-65.8	-10.7	-70.9	-261.8	-31.5	-96.4

Updated Sep 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.