Roche 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	13,799	9,187	12,358	13,531	14,935
Depreciation & Amortization	3,386	3,423	3,464	3,844	4,443
Stock-Based Compensation	857	855	830	738	663
Other Adjustments	7,482	10,867	5,965	7,917	6,559
Changes in Income Taxes Payable	-3,139	-3,727	-3,620	-4,102	-3,343
Changes in Other Operating Activities	-3,533	-511	-2,902	-4,125	-2,281
Operating Cash Flow	18,852	20,094	16,095	17,803	20,976
Operating Cash Flow Growth	-6.18%	24.85%	-9.59%	-15.13%	12.98%
Capital Expenditures	-3,748	-3,529	-3,742	-3,449	-3,693
Sale of Property, Plant & Equipment	139	61	173	82	61
Purchases of Intangible Assets	-2,031	-1,480	-907	-1,103	-856
Proceeds from Sale of Intangible Assets	2	0	0	0	0
Purchases of Investments	-263	-112	-87	-271	-201
Proceeds from Sale of Investments	241	198	125	148	235
Payments for Business Acquisitions	-3,078	-3,119	-6,220	-245	-2,361
Proceeds from Business Divestments	59	1,426	559	613	7
Other Investing Activities	136	-4,838	-544	1,301	256
Investing Cash Flow	-8,543	-11,393	-10,643	-2,924	-6,552
Short-Term Debt Issued	656	-709	-806	1,293	-1,134
Net Short-Term Debt Issued (Repaid)	656	-709	-806	1,293	-1,134
Long-Term Debt Issued	2,575	7,623	8,342	-5,241	20,312
Long-Term Debt Repaid	-3,386	-3,095	-1,751	-1,750	-2,448
Net Long-Term Debt Issued (Repaid)	-811	4,528	6,591	-6,991	17,864
Issuance of Common Stock	-987	-1,130	-1,144	-1,257	-1,406
Repurchase of Common Stock	-	-	-	-	-18,991
Net Common Stock Issued (Repurchased)	-987	-1,130	-1,144	-1,257	-20,397
Common Dividends Paid	-8,385	-8,043	-7,926	-7,832	-8,132
Other Financing Activities	-1,841	-1,465	-954	-1,488	-1,309
Financing Cash Flow	-11,368	-6,819	-4,239	-16,275	-13,108
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-334	-283	-828	-463	-193
Net Cash Flow	-1,393	1,599	385	-1,859	1,123
Free Cash Flow	15,104	16,565	12,353	14,354	17,283
Free Cash Flow Growth	-8.82%	34.10%	-13.94%	-16.95%	14.93%
FCF Margin	23.84%	26.55%	20.44%	21.81%	26.25%
Free Cash Flow Per Share	18.81	20.65	15.36	17.76	20.10
Levered Free Cash Flow	5,691	7,752	10,483	-1,109	25,786
Unlevered Free Cash Flow	7,987	6,108	6,713	6,651	10,711

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