Sandoz Group AG (SWX:SDZ)
Switzerland · Delayed Price · Currency is CHF 73.84
+0.24 (0.33%)
Aug 21, 2026, 5:31 PM CET
Sandoz Group AG Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 646 | 914 | 1 | 77 | 848 | 908 |
Depreciation & Amortization | 568 | 524 | 492 | 468 | 458 | 489 |
Loss (Gain) From Sale of Assets | -38 | -22 | -56 | -10 | -24 | -34 |
Asset Writedown & Restructuring Costs | 21 | 21 | 10 | 57 | 34 | 36 |
Stock-Based Compensation | 162 | 102 | 88 | 25 | - | - |
Other Operating Activities | -224 | -808 | 486 | 408 | -57 | -377 |
Change in Accounts Receivable | -277 | -103 | 256 | -393 | -184 | -52 |
Change in Inventory | 209 | 227 | -277 | -578 | -272 | 177 |
Change in Accounts Payable | 55 | 28 | 25 | 508 | 131 | 93 |
Change in Other Net Operating Assets | 820 | 711 | -369 | -200 | 289 | 114 |
Operating Cash Flow | 1,942 | 1,594 | 656 | 362 | 1,223 | 1,354 |
Operating Cash Flow Growth | 104.42% | 142.99% | 81.22% | -70.40% | -9.68% | 23.32% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -556 | -493 | -404 | -364 | -278 | -313 |
Sale of Property, Plant & Equipment | 1 | 7 | 26 | 34 | 9 | 28 |
Cash Acquisitions | -221 | -260 | -188 | -16 | -32 | -374 |
Divestitures | - | - | 6 | -2 | -7 | 12 |
Sale (Purchase) of Intangibles | -420 | -265 | -176 | -256 | -117 | -41 |
Investment in Securities | -1,045 | -2 | -3 | -3 | -5 | -1 |
Other Investing Activities | 41 | 33 | -1 | -7 | - | -2 |
Investing Cash Flow | -2,200 | -980 | -740 | -614 | -430 | -691 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | - | - | 121 | 43 | 23 |
Long-Term Debt Issued | - | 991 | 748 | 6,449 | 16 | 16 |
Total Debt Issued | 706 | 991 | 748 | 6,570 | 59 | 39 |
Short-Term Debt Repaid | - | -38 | -110 | - | - | - |
Long-Term Debt Repaid | - | -831 | -138 | -2,669 | -37 | -43 |
Total Debt Repaid | -114 | -869 | -248 | -2,669 | -37 | -43 |
Net Debt Issued (Repaid) | 592 | 122 | 500 | 3,901 | 22 | -4 |
Repurchase of Common Stock | - | - | -12 | - | - | - |
Common Dividends Paid | -445 | -315 | -215 | - | - | - |
Other Financing Activities | 1 | -4 | -31 | -2,659 | -791 | -653 |
Financing Cash Flow | 148 | -197 | 242 | 1,242 | -769 | -657 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -29 | 131 | -76 | 45 | 10 | -5 |
Net Cash Flow | -139 | 548 | 82 | 1,035 | 34 | 1 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 1,386 | 1,101 | 252 | -2 | 945 | 1,041 |
Free Cash Flow Growth | 172.84% | 336.91% | - | - | -9.22% | 19.38% |
Free Cash Flow Margin | 11.87% | 9.87% | 2.43% | -0.02% | 10.15% | 10.76% |
Free Cash Flow Per Share | 3.16 | 2.52 | 0.58 | -0.01 | 2.20 | - |
Levered Free Cash Flow | 1,373 | 924.63 | 623.25 | 991.13 | 773.75 | 664.63 |
Unlevered Free Cash Flow | 1,509 | 1,062 | 780.13 | 1,117 | 829.38 | 705.25 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 211 | 186 | 205 | 160 | 80 | 62 |
Cash Income Tax Paid | 272 | 224 | 265 | 245 | 273 | 485 |
Change in Working Capital | 807 | 863 | -365 | -663 | -36 | 332 |