DKSH Holding AG Cash Flow Statement

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

Millions CHF. 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	202.9	214.8	182	201.1	223.9
Depreciation & Amortization	118.8	119.5	124.2	122.2	123.7
Other Amortization	2.9	3.4	4	4.3	4.5
Loss (Gain) From Sale of Assets	4.7	2.9	2.1	-1.3	-10.6
Asset Writedown & Restructuring Costs	-	3.7	3.9	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-32.5
Loss (Gain) on Equity Investments	-1.4	-3.2	5.7	0.1	5.9
Stock-Based Compensation	3.9	3.8	3.8	5.4	5.3
Other Operating Activities	17.9	18.9	19.5	4.6	5.2
Change in Accounts Receivable	-40	-63.2	7.8	4.2	-51.2
Change in Inventory	-6.7	-133.1	16.5	-132.6	-4.6
Change in Accounts Payable	17.1	193.6	31.6	113.2	125.9
Operating Cash Flow	320.1	362.9	393.1	321.9	393.2
Operating Cash Flow Growth	-11.79%	-7.68%	22.12%	-18.13%	20.87%
Capital Expenditures	-35.4	-33.7	-30.7	-36.6	-44.8
Sale of Property, Plant & Equipment	4.5	3.9	1.7	4.3	4.6
Cash Acquisitions	-74.4	-34.5	-62.1	-433.6	-91.5
Divestitures	8.4	-	-0.7	-	-
Sale (Purchase) of Intangibles	-2.8	-7.9	-21.6	-48.3	-10.2
Investment in Securities	-	-3.4	-3.1	1.1	-
Investing Cash Flow	-99.7	-75.6	-116.5	-513.1	-147.9
Long-Term Debt Issued	871.2	536.6	818.7	961.8	522.9
Long-Term Debt Repaid	-981.1	-747.1	-853	-641.4	-624.5
Net Debt Issued (Repaid)	-109.9	-210.5	-34.3	320.4	-101.6
Repurchase of Common Stock	-2.9	-3.1	-6.2	-6.3	-7.3
Common Dividends Paid	-152.6	-146.1	-139.6	-133.2	-126.8
Other Financing Activities	-2.2	-4.5	-5.1	1.1	-3.8
Financing Cash Flow	-267.6	-364.2	-185.2	182	-239.5
Foreign Exchange Rate Adjustments	-23.5	-1.2	-40.6	-28.1	-12.9
Net Cash Flow	-70.7	-78.1	50.8	-37.3	-7.1
Free Cash Flow	284.7	329.2	362.4	285.3	348.4
Free Cash Flow Growth	-13.52%	-9.16%	27.02%	-18.11%	18.46%
Free Cash Flow Margin	2.57%	2.96%	3.27%	2.52%	3.13%
Free Cash Flow Per Share	4.37	5.06	5.57	4.38	5.35
Cash Interest Paid	27.2	31.9	37.7	24.9	21.4
Cash Income Tax Paid	87.7	74.7	81.2	81.7	73.8
Levered Free Cash Flow	285.43	232.8	395.94	181.99	320.78
Unlevered Free Cash Flow	302.55	252.93	420	198.24	334.28
Change in Working Capital	-29.6	-2.7	55.9	-15.2	70.1

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