Ecolab 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	2,093	2,132	1,393	1,109	1,144
Depreciation & Amortization	976.4	935.4	923.6	938.7	843.1
Stock-Based Compensation	136.6	134.8	95.1	87.8	89.5
Other Adjustments	-47.5	-564.3	-162.6	-70.3	-15.3
Change in Receivables	-185.9	-146.7	-84.3	-319.6	-178.2
Changes in Inventories	36.4	-115.6	320.3	-402.9	-73
Changes in Accounts Payable	67.7	300	-232.3	394.7	200.4
Changes in Other Operating Activities	-124.4	138.4	159	51.1	51.4
Operating Cash Flow	2,953	2,814	2,412	1,788	2,062
Operating Cash Flow Growth	4.93%	16.67%	34.86%	-13.26%	10.84%
Capital Expenditures	-1,048	-994.5	-774.8	-712.8	-643
Sale of Property, Plant & Equipment	52.3	11.3	9.9	2.2	12.2
Payments for Business Acquisitions	-1,621	-312.9	-180.4	-7.2	-3,924
Proceeds from Business Divestments	-14.9	889.7	-	-	-
Other Investing Activities	-75	-27.4	-45.2	1	-25.2
Investing Cash Flow	-2,707	-433.8	-990.5	-716.8	-4,580
Short-Term Debt Issued	98.2	1.9	-1.9	-404.3	393.6
Net Short-Term Debt Issued (Repaid)	98.2	1.9	-1.9	-404.3	393.6
Long-Term Debt Issued	1,046	-	-	494	2,775
Long-Term Debt Repaid	-674.2	-630.4	-500	-518.2	-1,018
Net Long-Term Debt Issued (Repaid)	371.4	-630.4	-500	-24.2	1,757
Issuance of Common Stock	228.2	259.4	96.8	172	143.5
Repurchase of Common Stock	-783.8	-986.5	-13.7	-602.8	-106.6
Net Common Stock Issued (Repurchased)	-555.6	-727.1	83.1	-430.8	36.9
Common Dividends Paid	-753.6	-664.3	-617.3	29.1	-566.4
Other Financing Activities	-13.7	-4.2	-18.6	-8.1	-18
Financing Cash Flow	-853.3	-2,024	-1,055	-837.3	1,603
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-2.7	-18.7	-45.7	4.4	14.3
Net Cash Flow	-610.6	337.3	320.9	238.7	-900.3
Free Cash Flow	1,904	1,819	1,637	1,076	1,419
Free Cash Flow Growth	4.67%	11.14%	52.19%	-24.20%	3.47%
FCF Margin	11.84%	11.56%	10.69%	7.58%	11.14%
Free Cash Flow Per Share	6.68	6.35	5.71	3.75	4.91
Levered Free Cash Flow	2,453	1,748	1,266	932	3,660
Unlevered Free Cash Flow	2,157	2,587	1,977	1,559	1,672

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