ADTRAN Holdings 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	-45.66	-459.89	-268.85	-2.04	-8.64
Depreciation & Amortization	92.55	90.53	112.95	67.55	16.08
Other Amortization	1.79	3.95	0.86	0.29	-
Loss (Gain) From Sale of Assets	0.23	1.37	0.46	0.15	0
Asset Writedown & Restructuring Costs	-	297.35	37.87	17.43	-
Loss (Gain) From Sale of Investments	-4.74	-5.03	-2.92	9.85	-5.02
Stock-Based Compensation	10.06	15.99	16.38	28.32	7.48
Other Operating Activities	3.03	24.85	69.59	-71.6	-6.81
Change in Accounts Receivable	-18.3	46.11	72.32	0.79	-60.86
Change in Inventory	64.49	79.99	22.41	-73.24	-10.64
Change in Accounts Payable	17.98	10.24	-91.91	28.11	53.27
Change in Income Taxes	1.31	-4.02	-1.84	-2.15	5.47
Change in Other Net Operating Assets	7.02	2.14	-10.33	-47.69	12.67
Operating Cash Flow	129.77	103.57	-43.02	-44.23	3.01
Operating Cash Flow Growth	25.29%	-	-	-	-
Capital Expenditures	-31.74	-34.5	-36.34	-17.07	-5.67
Sale of Property, Plant & Equipment	-	-	-	0.01	-
Cash Acquisitions	-	-	-	44	-
Sale (Purchase) of Intangibles	-37.53	-30.67	-9.44	-	-
Investment in Securities	0.64	0.97	9.7	27.76	15.44
Other Investing Activities	-	-	-	-	0.5
Investing Cash Flow	-69.17	-64.26	-34.86	55.83	10.27
Long-Term Debt Issued	250.25	26	163.73	141.89	10
Short-Term Debt Repaid	-	-	-24.89	-17.7	-
Long-Term Debt Repaid	-231.65	-31	-64.99	-48	-10
Total Debt Repaid	-231.65	-31	-89.88	-65.7	-10
Net Debt Issued (Repaid)	18.6	-5	73.86	76.19	-
Issuance of Common Stock	1.83	0.82	0.54	6.9	6.43
Repurchase of Common Stock	-1.48	-1.14	-6.46	-4.25	-1.86
Common Dividends Paid	-	-	-21.24	-22.89	-17.53
Other Financing Activities	-65.63	-44.69	12.17	-3.02	-
Financing Cash Flow	-46.68	-50.01	58.87	52.94	-12.96
Foreign Exchange Rate Adjustments	5.76	-0.45	-2.47	-12.71	-3.68
Net Cash Flow	19.68	-11.15	-21.48	51.83	-3.36
Free Cash Flow	98.03	69.07	-79.35	-61.3	-2.66
Free Cash Flow Growth	41.93%	-	-	-	-
Free Cash Flow Margin	9.04%	7.49%	-6.91%	-5.98%	-0.47%
Free Cash Flow Per Share	1.23	0.88	-1.01	-0.98	-0.06
Cash Interest Paid	13.27	20.88	12.6	1.73	0.01
Cash Income Tax Paid	5.44	6.7	18.6	3.83	1.78
Levered Free Cash Flow	65.73	120.93	20.75	-203.47	12.64
Unlevered Free Cash Flow	76.02	130.76	30.08	-201.61	12.66
Change in Working Capital	72.51	134.45	-9.35	-94.18	-0.09

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q