DSM-Firmenich AG Cash Flow Statement

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

Millions EUR. 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	-1,081	250	-636	1,715	1,680
Depreciation & Amortization	-	1,186	980	632	646
Loss (Gain) From Sale of Assets	-	-47	-2,845	-1,024	-649
Asset Writedown & Restructuring Costs	-	244	327	20	35
Loss (Gain) on Equity Investments	-	-	7	-5	-342
Stock-Based Compensation	-	31	23	34	22
Other Operating Activities	2,736	-84	422	18	51
Change in Accounts Receivable	-	-18	49	-133	-194
Change in Inventory	-	-38	89	-442	-323
Change in Accounts Payable	-	97	126	116	334
Change in Other Net Operating Assets	-210	157	-104	-38	39
Operating Cash Flow	1,445	1,778	1,265	965	1,427
Operating Cash Flow Growth	-18.73%	40.55%	31.09%	-32.38%	-4.49%
Capital Expenditures	-764	-645	-555	-506	-433
Sale of Property, Plant & Equipment	-	19	16	17	27
Cash Acquisitions	-19	-5	-3,691	-74	-704
Divestitures	1,270	42	3,533	1,366	1,791
Sale (Purchase) of Intangibles	-	-119	-137	-145	-144
Investment in Securities	-63	432	40	360	-365
Other Investing Activities	81	47	70	10	17
Investing Cash Flow	505	-252	-726	876	208
Short-Term Debt Issued	-	38	-	-	12
Long-Term Debt Issued	239	833	15	51	37
Total Debt Issued	239	871	15	51	49
Short-Term Debt Repaid	-	-	-7	-21	-
Long-Term Debt Repaid	-109	-733	-622	-86	-567
Total Debt Repaid	-109	-733	-629	-107	-567
Net Debt Issued (Repaid)	130	138	-614	-56	-518
Issuance of Common Stock	5	21	757	25	34
Repurchase of Common Stock	-1,964	-706	-256	-210	-165
Common Dividends Paid	-	-660	-151	-	-
Dividends Paid	-718	-660	-157	-345	-266
Other Financing Activities	-205	-127	-125	-59	-69
Financing Cash Flow	-2,752	-1,334	-820	-645	-984
Foreign Exchange Rate Adjustments	-72	19	-18	-2	39
Net Cash Flow	-874	211	-299	1,194	690
Free Cash Flow	681	1,133	710	459	994
Free Cash Flow Growth	-39.89%	59.58%	54.68%	-53.82%	-4.05%
Free Cash Flow Margin	7.54%	8.85%	6.68%	5.47%	13.68%
Free Cash Flow Per Share	2.63	4.28	3.04	2.65	5.73
Cash Interest Paid	-	67	61	52	65
Cash Income Tax Paid	-	275	179	131	133
Levered Free Cash Flow	-908	596.88	177.75	-665.5	1,090
Unlevered Free Cash Flow	-818.63	698.13	264	-600.5	1,148
Change in Working Capital	-210	198	160	-497	-144

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