UCB SA Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,332	1,065	343	418	1,058	732
Depreciation & Amortization	636	641	691	587	323	354
Loss (Gain) From Sale of Assets	-596	-596	26	-1	3	-50
Asset Writedown & Restructuring Costs	73	73	6	4	6	-
Loss (Gain) on Equity Investments	-	-	-	-	-	-2
Stock-Based Compensation	-31	2	17	-20	12	4
Other Operating Activities	-71	-83	-75	252	-2	56
Change in Accounts Receivable	-258	-258	-96	162	-247	-105
Change in Inventory	-289	-289	-95	-93	-31	-72
Change in Accounts Payable	623	623	-88	-173	431	258
Change in Other Net Operating Assets	157	64	32	-17	-	-123
Operating Cash Flow	1,576	1,242	761	1,119	1,553	1,081
Operating Cash Flow Growth	77.28%	63.21%	-31.99%	-27.95%	43.66%	22.56%
Capital Expenditures	-236	-234	-238	-252	-282	-256
Sale of Property, Plant & Equipment	1	-	-	-	1	1
Cash Acquisitions	-	-	-113	-1,212	-	-1,986
Divestitures	615	619	4	-	15	75
Sale (Purchase) of Intangibles	-155	-88	-78	-119	-211	-93
Investment in Securities	61	-15	-15	2	-10	31
Other Investing Activities	-	-	-	1	-	-
Investing Cash Flow	286	282	-440	-1,580	-487	-2,228
Long-Term Debt Issued	-	572	597	1,025	-	1,895
Long-Term Debt Repaid	-	-809	-469	-592	-756	-457
Net Debt Issued (Repaid)	-195	-237	128	433	-756	1,438
Issuance of Common Stock	-	-	-	-	-	150
Repurchase of Common Stock	-121	-162	-40	-42	-60	-106
Common Dividends Paid	-264	-259	-252	-247	-240	-235
Other Financing Activities	-111	-160	-144	-74	-63	-70
Financing Cash Flow	-691	-818	-308	70	-1,119	1,177
Foreign Exchange Rate Adjustments	12	6	11	6	-7	-15
Miscellaneous Cash Flow Adjustments	-	-	-	-	1	-
Net Cash Flow	1,183	712	24	-385	-59	15
Free Cash Flow	1,340	1,008	523	867	1,271	825
Free Cash Flow Growth	103.03%	92.73%	-39.68%	-31.79%	54.06%	5.36%
Free Cash Flow Margin	19.57%	16.38%	10.09%	15.92%	22.00%	15.43%
Free Cash Flow Per Share	6.90	5.18	2.68	4.45	6.55	4.25
Cash Interest Paid	111	160	144	74	63	70
Cash Income Tax Paid	264	215	94	107	126	72
Levered Free Cash Flow	1,376	1,228	311.25	749.38	934.13	747
Unlevered Free Cash Flow	1,463	1,329	401.25	794.38	962.25	789.5
Change in Working Capital	233	140	-247	-121	153	-42

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.