Sandoz Group AG Balance Sheet

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
Cash & Equivalents	1,739	1,191	1,109	74	40
Cash & Short-Term Investments	1,739	1,191	1,109	74	40
Cash Growth	46.01%	7.39%	1398.65%	85.00%	2.56%
Accounts Receivable	2,508	2,205	2,615	2,298	2,207
Other Receivables	751	1,363	920	1,345	1,188
Receivables	3,259	3,568	3,535	3,643	3,395
Inventory	2,845	2,800	2,700	2,124	2,006
Prepaid Expenses	303	221	135	134	121
Other Current Assets	19	21	93	1	3
Total Current Assets	8,165	7,801	7,572	5,976	5,565
Property, Plant & Equipment	2,780	1,988	1,850	1,904	1,933
Long-Term Investments	22	24	21	15	19
Goodwill	8,014	7,469	7,589	7,437	7,683
Other Intangible Assets	1,867	1,475	1,562	1,454	1,581
Long-Term Deferred Tax Assets	924	954	716	713	717
Other Long-Term Assets	245	185	106	47	35
Total Assets	22,032	19,907	19,430	17,557	17,542
Accounts Payable	1,850	1,519	1,593	1,357	1,173
Accrued Expenses	1,111	950	857	671	634
Short-Term Debt	-	-	-	3,851	4,629
Current Portion of Long-Term Debt	614	145	284	185	158
Current Portion of Leases	70	58	54	31	34
Current Income Taxes Payable	648	510	572	231	200
Current Unearned Revenue	13	4	8	3	4
Other Current Liabilities	2,589	3,121	2,330	1,585	1,533
Total Current Liabilities	6,895	6,307	5,698	7,914	8,365
Long-Term Debt	4,700	4,390	3,975	30	17
Long-Term Leases	315	276	255	88	103
Pension & Post-Retirement Benefits	300	270	260	237	330
Long-Term Deferred Tax Liabilities	207	259	252	286	294
Other Long-Term Liabilities	230	241	336	242	270
Total Liabilities	12,647	11,743	10,776	8,797	9,379
Common Stock	25	25	24	8,920	-
Retained Earnings	8,620	7,908	8,058	-	8,257
Treasury Stock	-1	-1	-	-	-
Comprehensive Income & Other	740	231	563	-172	-104
Total Common Equity	9,384	8,163	8,645	8,748	8,153
Minority Interest	1	1	9	12	10
Shareholders' Equity	9,385	8,164	8,654	8,760	8,163
Total Liabilities & Equity	22,032	19,907	19,430	17,557	17,542
Total Debt	5,699	4,869	4,568	4,185	4,941
Net Cash (Debt)	-3,960	-3,678	-3,459	-4,111	-4,901
Net Cash Per Share	-9.07	-8.47	-8.02	-9.56	-
Filing Date Shares Outstanding	432.69	430.7	429.72	429.9	-
Total Common Shares Outstanding	432.69	430.7	429.72	429.9	-
Working Capital	1,270	1,494	1,874	-1,938	-2,800
Book Value Per Share	21.69	18.95	20.12	20.35	-
Tangible Book Value	-497	-781	-506	-143	-1,111
Tangible Book Value Per Share	-1.15	-1.81	-1.18	-0.33	-
Land	121	65	69	99	107
Buildings	1,175	960	1,011	1,403	1,503
Machinery	2,989	2,480	2,518	3,084	3,205
Construction In Progress	799	449	432	381	300

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