ADTRAN Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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	-79.15	-450.87	-266.29	-2.04	-8.64	2.38
Depreciation & Amortization	91.41	90.99	112.95	67.55	16.08	16.63
Other Amortization	3.96	3.95	0.86	0.29	-	-
Loss (Gain) From Sale of Assets	1.21	1.37	0.46	0.15	0	-
Asset Writedown & Restructuring Costs	-4.77	292.58	37.87	17.43	-	0.07
Loss (Gain) From Sale of Investments	-4.62	-5.03	-2.92	9.85	-5.02	-5.8
Stock-Based Compensation	12.6	15.34	16.02	28.32	7.48	6.83
Other Operating Activities	32.2	20.19	69.42	-71.6	-6.81	-6.54
Change in Accounts Receivable	-1.04	46.11	65.61	0.79	-60.86	-7.27
Change in Inventory	46.71	75.17	20.54	-73.24	-10.64	-20.18
Change in Accounts Payable	2.67	11.78	-91.91	28.11	53.27	4.54
Change in Income Taxes	-1.81	-4.02	-6.58	-2.15	5.47	-2.29
Change in Other Net Operating Assets	-9.89	5.51	-1.64	-47.69	12.67	-4.88
Operating Cash Flow	89.47	103.07	-45.6	-44.23	3.01	-16.52
Operating Cash Flow Growth	5.45%	-	-	-	-	-
Capital Expenditures	-21.35	-32.45	-33.68	-17.07	-5.67	-6.41
Sale of Property, Plant & Equipment	-	-	-	0.01	-	0
Cash Acquisitions	-	-	-	44	-	-
Sale (Purchase) of Intangibles	-40.49	-30.67	-9.44	-	-	-
Investment in Securities	0.61	0.97	9.7	27.76	15.44	48.33
Other Investing Activities	-	-	-	-	0.5	-0.52
Investing Cash Flow	-61.8	-62.21	-32.2	55.83	10.27	41.4
Long-Term Debt Issued	-	26	163.73	141.89	10	-
Short-Term Debt Repaid	-	-	-24.89	-17.7	-	-
Long-Term Debt Repaid	-	-31	-64.99	-48	-10	-24.6
Total Debt Repaid	-232.65	-31	-89.88	-65.7	-10	-24.6
Net Debt Issued (Repaid)	18.6	-5	73.86	76.19	-	-24.6
Issuance of Common Stock	2.04	0.82	0.54	6.9	6.43	-
Repurchase of Common Stock	-2.27	-1.14	-6.46	-4.25	-1.86	-1.04
Common Dividends Paid	-	-	-21.24	-22.89	-17.53	-17.33
Other Financing Activities	-36.77	-44.69	12.17	-3.02	-	-
Financing Cash Flow	-18.4	-50.01	58.87	52.94	-12.96	-42.98
Foreign Exchange Rate Adjustments	5.05	-0.45	-2.54	-12.71	-3.68	4.5
Net Cash Flow	14.32	-9.6	-21.48	51.83	-3.36	-13.59
Free Cash Flow	68.11	70.62	-79.29	-61.3	-2.66	-22.93
Free Cash Flow Growth	26.92%	-	-	-	-	-
Free Cash Flow Margin	6.58%	7.65%	-6.90%	-5.98%	-0.47%	-4.53%
Free Cash Flow Per Share	0.86	0.90	-1.01	-0.98	-0.06	-0.47
Cash Interest Paid	15.99	20.88	12.6	1.73	0.01	0.02
Cash Income Tax Paid	-	6.69	18.55	3.83	1.78	7.61
Levered Free Cash Flow	56.84	112.41	12.41	-203.47	12.64	6.76
Unlevered Free Cash Flow	65.19	122.25	21.73	-201.61	12.66	6.76
Change in Working Capital	36.64	134.56	-13.97	-94.18	-0.09	-30.08

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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