UCB SA 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	1,558	1,065	343	418	1,058
Depreciation & Amortization	-	641	691	587	323
Loss (Gain) From Sale of Assets	-	-596	26	-1	3
Asset Writedown & Restructuring Costs	-	73	6	4	6
Stock-Based Compensation	-	2	17	-20	12
Other Operating Activities	430	-83	-75	252	-2
Change in Accounts Receivable	-	-258	-96	162	-247
Change in Inventory	-	-289	-95	-93	-31
Change in Accounts Payable	-	623	-88	-173	431
Change in Other Net Operating Assets	303	64	32	-17	-
Operating Cash Flow	2,291	1,242	761	1,119	1,553
Operating Cash Flow Growth	84.46%	63.21%	-31.99%	-27.95%	43.66%
Capital Expenditures	-281	-234	-238	-252	-282
Sale of Property, Plant & Equipment	1	-	-	-	1
Cash Acquisitions	-	-	-113	-1,212	-
Divestitures	-11	619	4	-	15
Sale (Purchase) of Intangibles	-168	-88	-78	-119	-211
Investment in Securities	70	-15	-15	2	-10
Other Investing Activities	-	-	-	1	-
Investing Cash Flow	-389	282	-440	-1,580	-487
Long-Term Debt Issued	-	572	597	1,025	-
Long-Term Debt Repaid	-701	-809	-469	-592	-756
Net Debt Issued (Repaid)	-701	-237	128	433	-756
Repurchase of Common Stock	-121	-162	-40	-42	-60
Common Dividends Paid	-264	-259	-252	-247	-240
Other Financing Activities	-128	-160	-144	-74	-63
Financing Cash Flow	-1,214	-818	-308	70	-1,119
Foreign Exchange Rate Adjustments	-10	6	11	6	-7
Miscellaneous Cash Flow Adjustments	-	-	-	-	1
Net Cash Flow	678	712	24	-385	-59
Free Cash Flow	2,010	1,008	523	867	1,271
Free Cash Flow Growth	99.41%	92.73%	-39.68%	-31.79%	54.06%
Free Cash Flow Margin	25.97%	16.38%	10.09%	15.92%	22.00%
Free Cash Flow Per Share	10.36	5.18	2.68	4.45	6.55
Cash Interest Paid	-	160	144	74	63
Cash Income Tax Paid	-	215	94	107	126
Levered Free Cash Flow	1,156	1,228	311.25	749.38	934.13
Unlevered Free Cash Flow	1,285	1,329	401.25	794.38	962.25
Change in Working Capital	303	140	-247	-121	153

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