VIE:MMCO 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	4,234	4,117	3,802	3,087	3,174
Depreciation & Amortization	1,205	1,026	1,001	1,123	1,074
Stock-Based Compensation	394	368	363	367	348
Other Adjustments	272	146	288	304	-7
Change in Receivables	-128	-467	-467	-492	-570
Changes in Accrued Expenses	242	92	195	171	574
Changes in Income Taxes Payable	12	123	105	-54	-33
Changes in Other Operating Activities	-644	-823	-741	-637	-717
Operating Cash Flow	5,292	4,302	4,258	3,465	3,516
Operating Cash Flow Growth	23.01%	1.03%	22.89%	-1.45%	3.96%
Capital Expenditures	-291	-316	-416	-470	-406
Purchases of Investments	-26	-108	-57	-22	-28
Proceeds from Sale of Investments	100	55	38	86	41
Payments for Business Acquisitions	-652	-8,542	-976	-572	-859
Proceeds from Business Divestments	22	89	-17	119	84
Other Investing Activities	2	1	11	9	4
Investing Cash Flow	-845	-8,821	-1,417	-850	-1,164
Short-Term Debt Issued	-	-	146	-	-
Short-Term Debt Repaid	-	-	-146	-	-
Long-Term Debt Issued	-	8,170	2,169	984	743
Long-Term Debt Repaid	-519	-1,617	-266	-365	-1,016
Net Long-Term Debt Issued (Repaid)	-519	6,553	1,903	619	-273
Issuance of Common Stock	250	264	199	126	161
Repurchase of Common Stock	-2,160	-1,080	-1,298	-2,148	-1,260
Net Common Stock Issued (Repurchased)	-1,910	-816	-1,099	-2,022	-1,099
Common Dividends Paid	-1,699	-1,513	-1,298	-1,138	-1,026
Other Financing Activities	-506	231	-625	1,495	1,101
Financing Cash Flow	-4,634	4,455	-1,119	-1,046	-1,297
Net Cash Flow	-187	-64	1,722	1,569	1,055
Free Cash Flow	5,001	3,986	3,842	2,995	3,110
Free Cash Flow Growth	25.46%	3.75%	28.28%	-3.70%	2.50%
FCF Margin	18.54%	16.30%	16.90%	14.45%	15.69%
Free Cash Flow Per Share	10.12	8.04	7.70	5.93	6.06
Levered Free Cash Flow	4,165	10,715	5,803	3,802	3,362
Unlevered Free Cash Flow	5,281	4,472	4,140	3,370	3,744

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