The Swatch Group AG (SWX:UHR)
Switzerland · Delayed Price · Currency is CHF 189.20
+1.50 (0.80%)
Aug 21, 2026, 5:31 PM CET
The Swatch Group AG Cash Flow Statement
Financials in millions CHF. Fiscal year is January - December.
Millions CHF. 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 | 9 | 3 | 193 | 869 | 807 | 765 |
Depreciation & Amortization | 376 | 380 | 370 | 351 | 371 | 400 |
Other Amortization | 43 | 43 | 44 | 39 | 35 | 37 |
Loss (Gain) From Sale of Assets | - | -16 | 1 | -2 | -9 | 2 |
Asset Writedown & Restructuring Costs | - | - | 2 | - | 1 | 1 |
Loss (Gain) From Sale of Investments | -6 | -25 | 4 | -12 | 37 | -11 |
Loss (Gain) on Equity Investments | -9 | -8 | 2 | 1 | 21 | 9 |
Stock-Based Compensation | 6 | 5 | 7 | 8 | 9 | 9 |
Other Operating Activities | 49 | 117 | -83 | 153 | 20 | 46 |
Change in Accounts Receivable | -24 | -25 | 71 | -72 | 33 | -19 |
Change in Inventory | 135 | 63 | -220 | -698 | -548 | -19 |
Change in Accounts Payable | 18 | -12 | -30 | 25 | -3 | 27 |
Change in Other Net Operating Assets | 34 | -18 | -28 | -47 | -50 | 51 |
Operating Cash Flow | 631 | 507 | 333 | 615 | 724 | 1,298 |
Operating Cash Flow Growth | 49.17% | 52.25% | -45.85% | -15.05% | -44.22% | 58.49% |
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 | -361 | -409 | -503 | -730 | -339 | -251 |
Sale of Property, Plant & Equipment | 2 | 15 | 3 | 20 | 5 | 10 |
Cash Acquisitions | - | - | - | -2 | - | - |
Sale (Purchase) of Intangibles | -22 | -40 | -44 | -54 | -46 | -43 |
Investment in Securities | 26 | 91 | 89 | 4 | 268 | -462 |
Other Investing Activities | - | -3 | -15 | -6 | -2 | 19 |
Investing Cash Flow | -355 | -346 | -470 | -768 | -114 | -727 |
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 | - | 21 | - | - | 1 | - |
Total Debt Issued | 51 | 21 | - | - | 1 | - |
Short-Term Debt Repaid | - | - | -3 | - | - | -37 |
Long-Term Debt Repaid | - | - | - | - | - | -1 |
Total Debt Repaid | - | - | -3 | - | - | -38 |
Net Debt Issued (Repaid) | 51 | 21 | -3 | - | 1 | -38 |
Issuance of Common Stock | 1 | 30 | 1 | 1 | 1 | 12 |
Repurchase of Common Stock | - | - | -50 | - | -2 | -12 |
Common Dividends Paid | -234 | -234 | -335 | -311 | -285 | -181 |
Other Financing Activities | -2 | -22 | -23 | -17 | -15 | -15 |
Financing Cash Flow | -184 | -205 | -410 | -327 | -300 | -234 |
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 | 13 | -53 | 28 | -80 | -21 | 10 |
Net Cash Flow | 105 | -97 | -519 | -560 | 289 | 347 |
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 | 270 | 98 | -170 | -115 | 385 | 1,047 |
Free Cash Flow Growth | - | - | - | - | -63.23% | 71.36% |
Free Cash Flow Margin | 4.26% | 1.56% | -2.52% | -1.46% | 5.13% | 14.32% |
Free Cash Flow Per Share | - | 1.89 | -3.29 | -2.22 | 7.42 | 20.21 |
Levered Free Cash Flow | 265.25 | 248.88 | -251.63 | -208.13 | 199.5 | 937.63 |
Unlevered Free Cash Flow | 268.38 | 251.38 | -249.75 | -205.63 | 201.38 | 940.75 |
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 Income Tax Paid | 100 | 119 | 202 | 228 | 277 | 256 |
Change in Working Capital | 163 | 8 | -207 | -792 | -568 | 40 |