Henkel AG & Co. KGaA 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	2,035	2,007	1,318	1,259	1,634
Depreciation & Amortization	607	655	652	682	650
Other Amortization	53	55	50	62	62
Loss (Gain) From Sale of Assets	-46	6	205	-46	-46
Asset Writedown & Restructuring Costs	18	116	216	131	266
Other Operating Activities	130	248	188	-160	-70
Change in Accounts Receivable	-31	-50	47	-185	-351
Change in Inventory	93	-122	605	-722	-391
Change in Accounts Payable	-255	187	-468	306	328
Change in Other Net Operating Assets	-69	18	442	-80	59
Operating Cash Flow	2,535	3,120	3,255	1,247	2,141
Operating Cash Flow Growth	-18.75%	-4.15%	161.03%	-41.76%	-30.49%
Capital Expenditures	-693	-626	-608	-593	-647
Sale of Property, Plant & Equipment	18	16	17	27	23
Cash Acquisitions	-57	-1,333	-513	-85	-164
Divestitures	194	92	368	103	257
Investment in Securities	137	-565	-6	331	51
Other Investing Activities	91	86	58	17	-
Investing Cash Flow	-310	-2,330	-684	-200	-479
Long-Term Debt Issued	-	1,223	-	819	720
Long-Term Debt Repaid	-512	-146	-732	-1,072	-1,298
Net Debt Issued (Repaid)	-512	1,077	-732	-253	-578
Repurchase of Common Stock	-856	-	-195	-803	-
Common Dividends Paid	-850	-771	-771	-795	-798
Other Financing Activities	-73	-135	-56	-54	82
Financing Cash Flow	-2,291	171	-1,754	-1,905	-1,294
Foreign Exchange Rate Adjustments	-115	-23	-89	-35	21
Miscellaneous Cash Flow Adjustments	-	-	135	-135	-
Net Cash Flow	-181	938	863	-1,028	389
Free Cash Flow	1,842	2,494	2,647	654	1,494
Free Cash Flow Growth	-26.14%	-5.78%	304.74%	-56.23%	-36.83%
Free Cash Flow Margin	8.99%	11.55%	12.30%	2.92%	7.45%
Free Cash Flow Per Share	4.45	5.95	6.31	1.53	3.44
Cash Interest Paid	109	103	101	73	60
Cash Income Tax Paid	651	574	505	711	651
Levered Free Cash Flow	1,474	1,542	2,869	497.5	1,845
Unlevered Free Cash Flow	1,536	1,613	2,936	543.13	1,874
Change in Working Capital	-262	33	626	-681	-355

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