Alkermes 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	241.66	367.07	355.76	-158.27	-48.17
Depreciation & Amortization	27.17	28.53	74.93	77.86	78.65
Stock-Based Compensation	98.72	96.64	100.91	94.25	87.62
Other Operating Activities	34.09	45.03	-93.57	-5.51	9.16
Change in Accounts Receivable	55.49	-56.34	-36.29	29.68	-31.97
Change in Inventory	-14.06	3.09	-2.71	-31.02	-24.77
Change in Accounts Payable	100.89	-57.97	23.01	15.53	11.51
Change in Unearned Revenue	-1.25	-3.53	-5.93	-7.13	-6.08
Change in Other Net Operating Assets	-21.95	16.59	-14.75	5.64	25.76
Operating Cash Flow	520.75	439.12	401.35	21.04	101.72
Operating Cash Flow Growth	18.59%	9.41%	1807.21%	-79.31%	22.78%
Capital Expenditures	-40.42	-33.48	-48.05	-38.26	-28.02
Sale of Property, Plant & Equipment	1.09	0.46	0.35	-	0.29
Divestitures	1.71	97.93	-	1.27	7.94
Sale (Purchase) of Intangibles	-	-	-	-	-1
Investment in Securities	333.12	-176.22	101.05	-27.56	-45.41
Investing Cash Flow	295.5	-111.31	53.36	-64.54	-66.2
Long-Term Debt Issued	-	-	-	-	23.57
Long-Term Debt Repaid	-	-291.79	-3	-3	-2.25
Net Debt Issued (Repaid)	-	-291.79	-3	-3	21.32
Issuance of Common Stock	43.41	27.57	16.76	19.63	25.32
Repurchase of Common Stock	-31.03	-229.92	-28.47	-18.2	-16.57
Other Financing Activities	-	-	-275	-	-0.99
Financing Cash Flow	12.38	-494.14	-289.71	-1.57	29.07
Net Cash Flow	828.63	-166.32	165	-45.07	64.58
Free Cash Flow	480.33	405.64	353.31	-17.21	73.7
Free Cash Flow Growth	18.41%	14.81%	-	-	81.41%
Free Cash Flow Margin	32.55%	26.04%	21.24%	-1.55%	6.28%
Free Cash Flow Per Share	2.85	2.40	2.08	-0.10	0.45
Cash Interest Paid	-	23.01	22.75	13.56	6.9
Cash Income Tax Paid	5.24	2.59	44.24	20.75	1.89
Levered Free Cash Flow	-363.09	336.36	200.46	152.16	168.59
Unlevered Free Cash Flow	-355.42	350.47	214.86	160.31	175.6
Change in Working Capital	119.12	-98.15	-36.66	12.71	-25.55

Updated Feb 25, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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