Amrize AG Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,156	1,185	1,274	956	1,108	841
Depreciation & Amortization	932	914	889	865	800	712
Other Amortization	-	-	-	-	1	1
Loss (Gain) From Sale of Assets	-19	-15	-40	-32	-36	-22
Asset Writedown & Restructuring Costs	15	15	2	15	57	-
Stock-Based Compensation	22	14	6	5	4	4
Other Operating Activities	201	221	113	110	40	54
Change in Accounts Receivable	44	-43	211	-83	38	-50
Change in Inventory	76	-61	-146	-7	-296	-41
Change in Accounts Payable	-133	190	28	60	195	154
Change in Other Net Operating Assets	-126	-212	-55	147	77	-161
Operating Cash Flow	2,168	2,208	2,282	2,036	1,988	1,492
Operating Cash Flow Growth	7.17%	-3.24%	12.08%	2.41%	33.24%	-
Capital Expenditures	-849	-788	-642	-630	-488	-394
Sale of Property, Plant & Equipment	26	23	61	49	52	38
Cash Acquisitions	-502	-86	-249	-1,607	-2,033	-3,454
Other Investing Activities	365	490	-378	163	-52	1,312
Investing Cash Flow	-960	-361	-1,208	-2,025	-2,521	-2,498
Long-Term Debt Issued	-	3,417	230	1,465	1,270	2,000
Short-Term Debt Repaid	-	-129	-101	-328	-160	-289
Long-Term Debt Repaid	-	-5,647	-354	-390	-385	-950
Total Debt Repaid	-5,778	-5,776	-455	-718	-545	-1,239
Net Debt Issued (Repaid)	-1,606	-2,359	-225	747	725	761
Other Financing Activities	894	804	-312	-13	-228	475
Financing Cash Flow	-715	-1,555	-537	734	497	1,236
Foreign Exchange Rate Adjustments	32	45	-59	11	-12	-4
Net Cash Flow	525	337	478	756	-48	226
Free Cash Flow	1,319	1,420	1,640	1,406	1,500	1,098
Free Cash Flow Growth	-2.44%	-13.41%	16.64%	-6.27%	36.61%	-
Free Cash Flow Margin	11.07%	12.02%	14.01%	12.04%	13.98%	13.50%
Free Cash Flow Per Share	2.38	2.56	2.96	2.54	-	-
Cash Interest Paid	411	411	497	504	222	208
Cash Income Tax Paid	369	369	302	211	170	220
Levered Free Cash Flow	1,487	1,582	968.88	1,435	-	-
Unlevered Free Cash Flow	1,745	1,870	1,311	1,787	-	-
Change in Working Capital	-139	-126	38	117	14	-98

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