DSM-Firmenich AG 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	-1,081	250	-636	1,715	1,680
Depreciation & Amortization	899	931	980	632	646
Loss (Gain) From Sale of Assets	-114	-47	-2,845	-1,024	-649
Asset Writedown & Restructuring Costs	47	94	327	20	35
Loss (Gain) on Equity Investments	107	-	7	-5	-342
Stock-Based Compensation	38	31	23	34	22
Other Operating Activities	1,170	-98	422	18	51
Change in Accounts Receivable	-16	-18	49	-133	-194
Change in Inventory	-89	-38	89	-442	-323
Change in Accounts Payable	5	97	126	116	334
Change in Other Net Operating Assets	-110	157	-104	-38	39
Operating Cash Flow	1,445	1,778	1,265	965	1,427
Operating Cash Flow Growth	-18.73%	40.55%	31.09%	-32.38%	-4.49%
Capital Expenditures	-628	-645	-555	-506	-433
Sale of Property, Plant & Equipment	64	19	16	17	27
Cash Acquisitions	-19	-5	-3,691	-74	-704
Divestitures	1,270	42	3,533	1,366	1,791
Sale (Purchase) of Intangibles	-136	-119	-137	-145	-144
Investment in Securities	-62	432	40	360	-365
Other Investing Activities	37	47	70	10	17
Investing Cash Flow	505	-252	-726	876	208
Short-Term Debt Issued	24	38	-	-	12
Long-Term Debt Issued	740	833	15	51	37
Total Debt Issued	764	871	15	51	49
Short-Term Debt Repaid	-	-	-7	-21	-
Long-Term Debt Repaid	-669	-733	-622	-86	-567
Total Debt Repaid	-669	-733	-629	-107	-567
Net Debt Issued (Repaid)	95	138	-614	-56	-518
Issuance of Common Stock	5	21	757	25	34
Repurchase of Common Stock	-1,181	-706	-256	-210	-165
Common Dividends Paid	-659	-660	-151	-	-
Dividends Paid	-659	-660	-157	-345	-266
Other Financing Activities	-1,012	-127	-125	-59	-69
Financing Cash Flow	-2,752	-1,334	-820	-645	-984
Foreign Exchange Rate Adjustments	-72	19	-18	-2	39
Net Cash Flow	-874	211	-299	1,194	690
Free Cash Flow	817	1,133	710	459	994
Free Cash Flow Growth	-27.89%	59.58%	54.68%	-53.82%	-4.05%
Free Cash Flow Margin	9.04%	12.51%	6.68%	5.47%	13.68%
Free Cash Flow Per Share	3.15	4.28	3.04	2.65	5.73
Cash Interest Paid	64	67	61	52	65
Cash Income Tax Paid	320	275	179	131	133
Levered Free Cash Flow	-32.13	352.25	177.75	-665.5	1,090
Unlevered Free Cash Flow	64.13	450.38	264	-600.5	1,148
Change in Working Capital	-210	198	160	-497	-144

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