Avantor 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	-530.2	711.5	321.1	686.5	572.6
Depreciation & Amortization	410.2	405.5	402.3	405.5	379.2
Stock-Based Compensation	46.4	46.8	40.5	45.8	50.7
Other Adjustments	897.6	-370.4	90.2	34.1	62.6
Change in Receivables	13.6	45.9	77	-45.2	-111.8
Changes in Inventories	-109.4	-18.5	30.3	-112.5	-129.8
Changes in Accounts Payable	42.4	59.6	-139.6	15.6	64.9
Changes in Accrued Expenses	-1.3	-1.6	0.3	0.1	5.3
Changes in Other Operating Activities	-145.5	-38	47.9	-186.3	59.9
Operating Cash Flow	623.8	840.8	870	843.6	953.6
Operating Cash Flow Growth	-25.81%	-3.36%	3.13%	-11.54%	2.56%
Capital Expenditures	-128.8	-148.8	-146.4	-133.4	-111.1
Payments for Business Acquisitions	-	-	-	-20.2	-4,014
Proceeds from Business Divestments	-	585.2	-	-	-
Other Investing Activities	-1.7	2.5	2.7	44	3.5
Investing Cash Flow	-130.5	438.9	-143.7	-109.6	-4,122
Long-Term Debt Issued	1,108	-	-	327.2	2,835
Long-Term Debt Repaid	-1,426	-1,342	-846	-947	-533.9
Net Long-Term Debt Issued (Repaid)	-318.7	-1,342	-846	-619.8	2,301
Issuance of Common Stock	5.1	69.2	18.3	17.3	1,050
Repurchase of Common Stock	-80.7	-8.6	-13.7	-13.2	-25.8
Net Common Stock Issued (Repurchased)	-75.6	60.6	4.6	4.1	1,024
Preferred Share Dividends Paid	-	-	-	-32.4	-64.6
Other Financing Activities	-15.1	-	-2.3	-0.6	-40.6
Financing Cash Flow	-409.4	-1,281	-843.7	-648.7	3,219
Effect of Exchange Rate Changes on Cash and Cash Equivalents	19.7	-21.5	8.2	-15.5	-13.2
Net Cash Flow	103.6	-23	-109.2	69.8	37.9
Free Cash Flow	495	692	723.6	710.2	842.5
Free Cash Flow Growth	-28.47%	-4.37%	1.89%	-15.70%	-2.96%
FCF Margin	7.55%	10.20%	10.39%	9.45%	11.41%
Free Cash Flow Per Share	0.73	1.01	1.07	1.05	1.41
Levered Free Cash Flow	-781.3	-372.1	-330.1	31.5	3,077
Unlevered Free Cash Flow	-228.2	1,162	739.54	900.62	1,008

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