Eli Lilly and Company 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	-	10,590	5,240	6,245	5,582
Depreciation & Amortization	-	1,767	1,527	1,523	1,548
Loss (Gain) From Sale of Assets	-	-223.8	-1,879	-156.5	-216
Asset Writedown & Restructuring Costs	-	3,280	3,800	908.5	970.1
Loss (Gain) From Sale of Investments	-	49.8	23.5	420	-178
Stock-Based Compensation	-	645.6	628.5	371.1	342.8
Other Operating Activities	-	-1,906	-2,046	-1,724	330.3
Change in Accounts Receivable	-	-2,155	-2,451	-299.6	-1,278
Change in Inventory	-	-2,507	-1,425	-599.7	-235.9
Change in Accounts Payable	-	2,609	4,274	1,692	-1,014
Change in Other Net Operating Assets	-	-3,331	-3,453	-793.5	1,515
Operating Cash Flow	-	8,818	4,240	7,586	7,366
Operating Cash Flow Growth	-	107.96%	-44.10%	2.98%	13.33%
Capital Expenditures	-	-5,058	-3,448	-1,854	-1,310
Cash Acquisitions	-	-947.7	-1,044	-327.2	-747.4
Sale (Purchase) of Intangibles	-	-2,745	-2,340	-1,035	-452.6
Investment in Securities	-	-253.3	-128.7	-244	-166
Other Investing Activities	-	-298.2	-191.9	-302.2	-191.7
Investing Cash Flow	-	-9,302	-7,153	-3,763	-2,868
Short-Term Debt Issued	-	-	4,691	1,498	-
Long-Term Debt Issued	-	11,417	3,959	-	2,411
Total Debt Issued	-	11,417	8,650	1,498	2,411
Short-Term Debt Repaid	-	-1,852	-	-	-4
Long-Term Debt Repaid	-	-664.2	-	-1,560	-1,905
Total Debt Repaid	-	-2,516	-	-1,560	-1,909
Net Debt Issued (Repaid)	-	8,901	8,650	-62	501.4
Repurchase of Common Stock	-	-2,500	-750	-1,500	-1,250
Common Dividends Paid	-	-4,680	-4,069	-3,536	-3,087
Other Financing Activities	-	-490.6	-335	-308.9	-295.9
Financing Cash Flow	-	1,230	3,496	-5,407	-4,131
Foreign Exchange Rate Adjustments	-	-296.7	168.6	-167.6	-205.7
Net Cash Flow	-	449.8	751.6	-1,752	161.4
Free Cash Flow	-	3,760	792.5	5,731	6,056
Free Cash Flow Growth	-	374.46%	-86.17%	-5.36%	18.48%
Free Cash Flow Margin	-	8.35%	2.32%	20.08%	21.39%
Free Cash Flow Per Share	-	4.16	0.88	6.34	6.64
Cash Interest Paid	-	577.5	404.2	323.7	338
Cash Income Tax Paid	-	6,562	5,559	2,673	1,599
Levered Free Cash Flow	-	1,320	277.58	5,276	5,461
Unlevered Free Cash Flow	-	1,808	581.26	5,483	5,673
Change in Working Capital	-	-5,385	-3,055	-0.8	-1,013

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