adidas AG Balance Sheet

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

Millions EUR. 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
Cash & Equivalents	1,617	2,455	1,431	798	3,828
Short-Term Investments	23	75	48	78	71
Cash & Short-Term Investments	1,640	2,530	1,479	876	3,899
Cash Growth	-35.18%	71.06%	68.84%	-77.53%	-3.71%
Accounts Receivable	2,646	2,425	1,916	2,544	2,190
Other Receivables	739	723	986	989	775
Receivables	3,385	3,148	2,902	3,533	2,977
Inventory	5,832	4,989	4,525	5,973	4,009
Prepaid Expenses	353	290	-	296	270
Other Current Assets	767	947	903	1,054	2,789
Total Current Assets	11,977	11,904	9,809	11,732	13,944
Property, Plant & Equipment	4,578	4,912	4,404	4,944	4,825
Long-Term Investments	353	340	301	301	290
Goodwill	1,203	1,275	1,238	1,260	1,228
Other Intangible Assets	443	426	442	429	352
Long-Term Deferred Tax Assets	1,077	1,272	1,358	1,216	1,263
Long-Term Deferred Charges	-	-	47	-	-
Other Long-Term Assets	631	526	421	414	235
Total Assets	20,262	20,655	18,020	20,296	22,137
Accounts Payable	2,910	3,096	3,111	2,908	2,294
Accrued Expenses	3,187	3,038	1,858	2,745	3,007
Current Portion of Long-Term Debt	645	570	549	527	29
Current Portion of Leases	603	607	545	643	573
Current Income Taxes Payable	357	334	323	302	536
Current Unearned Revenue	114	108	1	80	86
Other Current Liabilities	1,278	1,840	1,656	2,052	2,440
Total Current Liabilities	9,094	9,593	8,043	9,257	8,965
Long-Term Debt	1,996	1,915	2,430	2,946	2,466
Long-Term Leases	2,310	2,495	2,039	2,343	2,263
Long-Term Unearned Revenue	1	1	-	6	7
Pension & Post-Retirement Benefits	106	144	139	118	267
Long-Term Deferred Tax Liabilities	45	133	147	135	122
Other Long-Term Liabilities	585	506	297	140	210
Total Liabilities	14,137	14,787	13,095	14,945	14,300
Common Stock	179	179	179	179	192
Retained Earnings	5,758	4,775	4,145	4,347	6,860
Comprehensive Income & Other	-161	522	256	465	467
Total Common Equity	5,776	5,476	4,580	4,991	7,519
Minority Interest	349	392	345	360	318
Shareholders' Equity	6,125	5,868	4,925	5,351	7,837
Total Liabilities & Equity	20,262	20,655	18,020	20,296	22,137
Total Debt	5,554	5,587	5,563	6,459	5,331
Net Cash (Debt)	-3,914	-3,057	-4,084	-5,583	-1,432
Net Cash Per Share	-21.92	-17.12	-22.87	-30.46	-7.37
Filing Date Shares Outstanding	177.35	178.55	178.55	178.54	191.59
Total Common Shares Outstanding	178.67	178.55	178.55	178.54	191.59
Working Capital	2,883	2,311	1,766	2,475	4,979
Book Value Per Share	32.33	30.67	25.65	27.95	39.24
Tangible Book Value	4,130	3,775	2,900	3,302	5,939
Tangible Book Value Per Share	23.12	21.14	16.24	18.49	31.00
Land	2,470	2,483	2,300	2,291	2,093
Machinery	2,407	2,602	2,408	2,386	2,267
Construction In Progress	84	95	156	230	212

Source: S&P Global Market Intelligence. Standard template. Financial Sources.