Nestlé 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	12,277	14,724	14,063	12,326	11,679
Depreciation & Amortization	3,633	3,582	3,458	3,541	3,440
Other Adjustments	313	-2,505	-2,289	-313	-655
Changes in Other Operating Activities	-319	874	709	-3,647	-600
Operating Cash Flow	15,904	16,675	15,941	11,907	13,864
Operating Cash Flow Growth	-4.62%	4.60%	33.88%	-14.12%	-3.57%
Capital Expenditures	-4,527	-5,638	-5,714	-5,095	-4,880
Purchases of Intangible Assets	-384	-325	-489	-266	-461
Purchases of Investments	-70	-	-	-	-715
Proceeds from Sale of Investments	-	-	-	-	9,294
Payments for Business Acquisitions	-75	-809	-211	-1,710	-6,394
Proceeds from Business Divestments	-81	-23	215	160	3,530
Other Investing Activities	770	-1,829	3	5,008	-3,418
Investing Cash Flow	-4,367	-8,624	-6,196	-1,903	-3,044
Short-Term Debt Issued	-1,036	2,396	-2,537	148	-885
Net Short-Term Debt Issued (Repaid)	-1,036	2,396	-2,537	148	-885
Long-Term Debt Issued	2,803	7,992	9,806	10,936	11,339
Long-Term Debt Repaid	-4,408	-5,055	-3,589	-3,283	-4,474
Net Long-Term Debt Issued (Repaid)	-1,605	2,937	6,217	7,653	6,865
Repurchase of Common Stock	-213	-4,678	-5,234	-10,679	-6,548
Net Common Stock Issued (Repurchased)	-213	-4,678	-5,234	-10,679	-6,548
Common Dividends Paid	-7,849	-7,816	-7,829	-7,618	-7,681
Other Financing Activities	-1,362	-201	-375	-889	-903
Financing Cash Flow	-12,065	-7,362	-9,758	-11,385	-9,152
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-435	53	-682	-100	89
Net Cash Flow	-963	742	-695	-1,481	1,757
Free Cash Flow	11,377	11,037	10,227	6,812	8,984
Free Cash Flow Growth	3.08%	7.92%	50.13%	-24.18%	-12.78%
FCF Margin	12.66%	12.03%	10.96%	7.19%	10.27%
Free Cash Flow Per Share	4.42	4.25	3.86	2.51	3.22
Levered Free Cash Flow	5,179	15,035	13,342	11,870	20,845
Unlevered Free Cash Flow	8,049	9,856	9,954	4,143	7,195

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