Galapagos NV Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-284.27	74.08	211.7	-217.99	-103.23	-305.44
Other Adjustments	177.48	-4.91	99.29	117.3	57.72	230.72
Changes in Unearned Revenue	-232.76	-255.51	-661.06	-383.62	-453.72	-207.79
Changes in Other Operating Activities	62.4	-133.69	-55.9	-16.23	-4.59	-144.83
Operating Cash Flow	-278.55	-320.03	-405.97	-500.54	-503.83	-427.34
Capital Expenditures	-18.91	-16.72	-18.71	-27.39	-54.21	-42.52
Sale of Property, Plant & Equipment	0	0	2.43	0.74	-	0.05
Purchases of Intangible Assets	-0.59	-65.39	-0.57	-9.56	-3.67	-48.79
Purchases of Investments	-3,920	-3,386	-3,404	-2,729	-1,561	-4,577
Proceeds from Sale of Investments	4,215	3,698	3,499	1,645	2,131	5,425
Payments for Business Acquisitions	-	-	-7	-115.27	-	-
Proceeds from Business Divestments	10.99	-8.95	-	-	28.7	-
Other Investing Activities	-0.13	-	-	-10	-	-
Investing Cash Flow	284.37	220.6	71.19	-1,246	541.24	757.29
Issuance of Common Stock	-	-	1.77	6.7	3.31	28.29
Net Common Stock Issued (Repurchased)	-	-	1.77	6.7	3.31	28.29
Other Financing Activities	-4.3	-4.92	-6.77	-8.18	-7.19	-6.25
Financing Cash Flow	-4.3	-4.92	-5	-1.49	-3.88	22.04
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-2.18	1.78	-1.52	22.29	56.76	-70.54
Net Cash Flow	1.04	-104.35	-339.79	-1,748	67.07	351.99
Free Cash Flow	-297.46	-336.75	-424.68	-527.93	-558.03	-469.86
FCF Margin	-107.93%	-122.16%	-177.15%	-218.83%	-238.08%	-98.29%
Free Cash Flow Per Share	-4.52	-5.11	-6.44	-8.04	-8.52	-7.22
Levered Free Cash Flow	-317.36	-331.84	-523.97	-645.23	-615.75	-700.58
Unlevered Free Cash Flow	-564.23	-768.93	-1,103	-593.07	-727.63	-625.07

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.