Adyen Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	925.16	698.32	564.14	469.72
Depreciation & Amortization	101.18	81.93	58.39	31.92
Other Amortization	3.29	3.52	5.22	3.09
Loss (Gain) From Sale of Investments	-3.07	-3.21	0.15	0.46
Stock-Based Compensation	35.16	28.05	1.15	5.89
Other Operating Activities	-11.07	50.02	-31.83	-14.37
Change in Accounts Receivable	3.11	-45.1	-32.65	19.78
Change in Inventory	4.65	-22.88	-65.75	-3.85
Change in Accounts Payable	77.71	19.56	40.16	-11.05
Change in Other Net Operating Assets	568.65	1,060	1,482	1,319
Operating Cash Flow	1,705	1,870	2,021	1,820
Operating Cash Flow Growth	-8.84%	-7.48%	11.04%	79.03%
Capital Expenditures	-98.22	-65.61	-95.58	-51.39
Sale (Purchase) of Intangibles	-3.03	-4.14	-3.52	-2.96
Investment in Securities	-17.37	-	11.41	12.22
Investing Cash Flow	-118.62	-69.74	-87.69	-42.13
Long-Term Debt Repaid	-41.41	-33.81	-22.14	-9.05
Net Debt Issued (Repaid)	-41.41	-33.81	-22.14	-9.05
Issuance of Common Stock	112.01	13.2	9.93	105.29
Financing Cash Flow	70.6	-20.61	-12.22	96.24
Foreign Exchange Rate Adjustments	1.3	4.95	-15	4.35
Net Cash Flow	1,658	1,785	1,906	1,879
Free Cash Flow	1,607	1,804	1,926	1,769
Free Cash Flow Growth	-10.97%	-6.29%	8.87%	76.96%
Free Cash Flow Margin	79.73%	110.97%	144.76%	176.61%
Free Cash Flow Per Share	51.39	57.91	62.02	57.66
Cash Interest Paid	26.74	4.78	11.96	12.79
Cash Income Tax Paid	320.54	155.17	149.57	127.43
Levered Free Cash Flow	1,201	1,537	1,773	1,627
Unlevered Free Cash Flow	1,218	1,540	1,780	1,635
Change in Working Capital	654.13	1,011	1,424	1,323

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.