NICE Ltd. Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. 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	612.1	442.59	338.3	265.95	199.22
Depreciation & Amortization	199.04	205.02	167.36	176.55	184.09
Stock-Based Compensation	146.05	182.07	176.66	182.7	153.03
Other Adjustments	9.46	-49.68	-62.84	-38.32	1.59
Change in Receivables	-75.79	-61.03	-34.29	-129.71	-85.78
Changes in Accounts Payable	-15.12	43.97	3.43	19.92	-0.39
Changes in Accrued Expenses	-175.15	41.95	-55.7	33.68	64.18
Changes in Unearned Revenue	-22.83	3.05	-45.95	6.42	30.77
Changes in Other Operating Activities	38.8	24.7	74.47	-37.47	-84.9
Operating Cash Flow	716.55	832.64	561.43	479.72	461.82
Operating Cash Flow Growth	-13.94%	48.31%	17.03%	3.88%	-3.85%
Capital Expenditures	-18.92	-34.96	-29.21	-31.89	-24.77
Purchases of Intangible Assets	-74.83	-64.81	-54.97	-50	-42.44
Purchases of Investments	-93.27	-938.15	-230.26	-396.3	-322.13
Proceeds from Sale of Investments	1,203	705.33	436.04	355.56	270.65
Payments for Business Acquisitions	-856.09	-64.82	-415.19	-29.72	-142.8
Investing Cash Flow	159.96	-397.41	-293.58	-152.35	-261.5
Long-Term Debt Repaid	-460	-192.11	-2.63	-20.13	-177.31
Net Long-Term Debt Issued (Repaid)	-460	-192.11	-2.63	-20.13	-177.31
Issuance of Common Stock	1.11	3.06	2.57	0.95	4.43
Repurchase of Common Stock	-488.91	-369.2	-288.44	-144.94	-73.18
Net Common Stock Issued (Repurchased)	-487.8	-366.13	-285.87	-143.99	-68.75
Other Financing Activities	-36.47	101.64	-1.77	-0.38	-15.75
Financing Cash Flow	-984.27	-456.6	-290.27	-164.5	-261.82
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4.73	-6.91	2.64	-8.43	-2.11
Net Cash Flow	-103.03	-28.28	-19.78	154.44	-63.61
Free Cash Flow	697.63	797.68	532.23	447.82	437.05
Free Cash Flow Growth	-12.54%	49.88%	18.85%	2.47%	-4.18%
FCF Margin	23.69%	29.16%	22.39%	20.53%	22.75%
Free Cash Flow Per Share	11.02	12.18	8.03	6.74	6.53
Levered Free Cash Flow	157.92	534.2	450.07	413.02	190.9
Unlevered Free Cash Flow	567.26	683.23	436.09	425.33	387.49

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