Sartorius Stedim Biotech Cash Flow Statement

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
Net Income	265.6	175.1	310.3	876.1	414.4
Depreciation & Amortization	265.8	259.5	213.2	162.3	126.4
Other Amortization	52.3	42.2	23.6	19.4	15.2
Loss (Gain) on Equity Investments	2.2	8.6	-	-	-
Other Operating Activities	131.7	78.7	8.6	-94.2	291.6
Change in Accounts Receivable	42.9	38.3	162.1	-65.8	-87.3
Change in Inventory	-46.4	207.6	131.2	-217.9	-275.4
Change in Other Net Operating Assets	-21.9	5.1	-102.6	-67.6	217
Operating Cash Flow	692.2	815.1	746.4	612.3	701.9
Operating Cash Flow Growth	-15.08%	9.20%	21.90%	-12.77%	68.37%
Capital Expenditures	-393.2	-339.8	-473.6	-430.6	-324
Cash Acquisitions	-	-	-2,241	-515.6	-141.7
Investment in Securities	-4.4	-0.1	-8.1	-	-
Other Investing Activities	-0.1	-0.1	-0.1	-11.3	0.5
Investing Cash Flow	-397.7	-340	-2,723	-957.5	-465.2
Long-Term Debt Issued	13.3	17.3	2,649	566.8	74.2
Long-Term Debt Repaid	-334.8	-879.2	-326.4	-174.4	-79.7
Net Debt Issued (Repaid)	-321.5	-861.9	2,323	392.4	-5.5
Issuance of Common Stock	0.2	1,194	1.3	-	-
Repurchase of Common Stock	-	-1.9	-	-3.2	-
Common Dividends Paid	-67.1	-67.1	-132.7	-116.1	-62.7
Other Financing Activities	-154.4	-177.8	-205.3	-52.4	-9.5
Financing Cash Flow	-542.8	84.9	1,986	220.7	-77.7
Foreign Exchange Rate Adjustments	-4.5	2.3	-0.3	8	4.8
Net Cash Flow	-252.8	562.3	9.5	-116.5	163.8
Free Cash Flow	299	475.3	272.8	181.7	377.9
Free Cash Flow Growth	-37.09%	74.23%	50.14%	-51.92%	46.65%
Free Cash Flow Margin	10.08%	17.10%	9.83%	5.20%	13.09%
Free Cash Flow Per Share	3.07	4.91	2.96	1.97	4.10
Cash Interest Paid	153.6	176.9	116.7	10.3	8.3
Cash Income Tax Paid	149.1	133.5	135.8	221.2	166.6
Levered Free Cash Flow	177.2	369.8	81.05	93.93	425.14
Unlevered Free Cash Flow	263.51	462.3	153.18	105.3	431.51
Change in Working Capital	-25.4	251	190.7	-351.3	-145.7

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