Givaudan 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	1,071	1,090	893	856	821
Depreciation & Amortization	369	359	356	364	390
Stock-Based Compensation	52	59	29	4	67
Other Adjustments	-23	160	47	-9	106
Change in Receivables	-39	-191	-112	-112	-93
Changes in Inventories	-83	-126	43	-82	-165
Changes in Accounts Payable	117	187	105	-95	167
Changes in Other Operating Activities	48	87	12	22	-5
Operating Cash Flow	1,512	1,625	1,373	948	1,288
Operating Cash Flow Growth	-6.95%	18.35%	44.83%	-26.40%	8.33%
Capital Expenditures	-249	-236	-215	-226	-186
Sale of Property, Plant & Equipment	16	13	4	15	9
Purchases of Intangible Assets	-56	-57	-60	-78	-70
Proceeds from Sale of Intangible Assets	4	-	-	-	-
Payments for Business Acquisitions	-217	-229	-183	-	-400
Proceeds from Business Divestments	-	5	-	-	-
Other Investing Activities	123	46	-15	-141	-141
Investing Cash Flow	-380	-448	-467	-428	-906
Short-Term Debt Issued	2,065	1,201	2,858	2,817	1,514
Short-Term Debt Repaid	-2,821	-1,631	-3,111	-3,035	-1,510
Net Short-Term Debt Issued (Repaid)	-756	-430	-253	-218	4
Long-Term Debt Issued	465	234	738	708	316
Long-Term Debt Repaid	-	-1	-383	-2	-14
Net Long-Term Debt Issued (Repaid)	465	233	355	706	302
Repurchase of Common Stock	-27	-35	-29	-51	-69
Net Common Stock Issued (Repurchased)	-27	-35	-29	-51	-69
Common Dividends Paid	-645	-627	-617	-607	-589
Other Financing Activities	-147	-157	-153	-136	-284
Financing Cash Flow	-1,109	-1,026	-699	-308	-518
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-34	-2	-82	-11	-1
Net Cash Flow	23	151	207	212	-136
Free Cash Flow	1,263	1,389	1,158	722	1,102
Free Cash Flow Growth	-9.07%	19.95%	60.39%	-34.48%	10.09%
FCF Margin	16.90%	18.74%	16.75%	10.14%	16.49%
Free Cash Flow Per Share	136.16	149.89	125.10	78.03	118.61
Levered Free Cash Flow	982	1,164	1,296	1,327	1,328
Unlevered Free Cash Flow	1,335	1,428	1,309	1,009	1,127

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.