Holcim 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	460	1,573	3,176	3,528	2,681
Depreciation & Amortization	1,351	1,329	2,076	2,845	2,337
Other Adjustments	1,757	721	1,090	-609	1,235
Change in Receivables	-52	30	-123	-127	-112
Changes in Inventories	-36	-120	-83	-825	-468
Changes in Accounts Payable	179	305	308	672	650
Changes in Other Operating Activities	-871	1,830	-973	-923	-1,277
Operating Cash Flow	2,788	5,667	5,470	4,562	5,045
Operating Cash Flow Growth	-50.80%	3.60%	19.90%	-9.57%	9.25%
Capital Expenditures	-1,061	-1,085	-1,505	-1,549	-1,532
Sale of Property, Plant & Equipment	88	91	96	114	112
Purchases of Investments	-232	-222	-251	-255	-264
Proceeds from Sale of Investments	108	198	159	236	173
Payments for Business Acquisitions	-489	-768	-1,975	-2,559	-3,409
Proceeds from Business Divestments	552	472	6	6,093	209
Other Investing Activities	-926	-723	-	-	-
Investing Cash Flow	-1,960	-2,037	-3,469	2,081	-4,710
Short-Term Debt Issued	-10	125	-16	-472	104
Net Short-Term Debt Issued (Repaid)	-10	125	-16	-472	104
Long-Term Debt Issued	16	25	9	1,747	4,220
Long-Term Debt Repaid	-1,880	-1,623	-2,011	-2,047	-1,611
Net Long-Term Debt Issued (Repaid)	-1,864	-1,598	-2,002	-300	2,609
Repurchase of Common Stock	76	-951	-1,609	-895	-211
Net Common Stock Issued (Repurchased)	76	-951	-1,609	-895	-211
Common Dividends Paid	-1,714	-1,570	-1,414	-1,330	-1,222
Other Financing Activities	3,450	-375	-182	-256	-165
Financing Cash Flow	-63	-4,369	-5,223	-3,252	1,114
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-662	21	-483	-248	65
Net Cash Flow	103	-718	-3,706	3,142	1,515
Free Cash Flow	1,727	4,582	3,965	3,013	3,513
Free Cash Flow Growth	-62.31%	15.56%	31.60%	-14.23%	0.26%
FCF Margin	10.98%	28.28%	14.68%	10.32%	13.09%
Free Cash Flow Per Share	3.12	8.18	6.97	5.00	5.74
Levered Free Cash Flow	10,867	3,712	865	2,756	4,721
Unlevered Free Cash Flow	814.44	4,154	3,305	2,715	2,948

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