Alvotech 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	27.92	-231.86	-551.73	-513.58	-101.5
Depreciation & Amortization	37.85	30.48	23.58	20.41	18.2
Other Amortization	-	4.43	2.28	83.43	1.59
Loss (Gain) From Sale of Assets	-	-	0.37	-	-
Asset Writedown & Restructuring Costs	-	-	1.78	2.76	6.09
Loss (Gain) From Sale of Investments	-	2.97	21.52	-	-
Loss (Gain) on Equity Investments	-	-	7.15	2.59	2.42
Stock-Based Compensation	7.38	7.63	18.11	15.81	17.96
Provision & Write-off of Bad Debts	0.7	-0.95	18.5	-	-
Other Operating Activities	-6.41	239.1	119.92	124.08	-166.1
Change in Accounts Receivable	-1.77	-164.26	-25.71	-12.79	-13.53
Change in Inventory	-90.13	-49.97	-11.3	-32.41	-29.41
Change in Accounts Payable	45.31	-13.7	31.77	16.44	14.32
Change in Unearned Revenue	-69.33	-31.45	35.4	19.4	21.47
Change in Other Net Operating Assets	-1.72	-29.28	-3.82	-38.52	0.34
Operating Cash Flow	-50.2	-236.84	-312.19	-312.39	-228.17
Capital Expenditures	-64.47	-53.66	-33.23	-37.88	-20.46
Sale of Property, Plant & Equipment	-	-	0.13	0.38	-
Cash Acquisitions	-14.04	-	-	-	-
Sale (Purchase) of Intangibles	-31.66	-3.34	-13.24	-11.12	-20.17
Investment in Securities	5.95	12	-	-	-
Other Investing Activities	-	26.13	-	-14.91	-
Investing Cash Flow	-104.22	-18.87	-46.34	-63.54	-40.63
Long-Term Debt Issued	233.48	920.76	278.83	353.68	113.82
Long-Term Debt Repaid	-35.79	-768.78	-107.64	-95.86	-44.85
Net Debt Issued (Repaid)	197.7	151.98	171.2	257.82	68.98
Issuance of Common Stock	82.48	155.37	143.27	174.93	185.86
Other Financing Activities	-9.34	-10.05	-13.15	-7.84	-
Financing Cash Flow	270.83	297.31	301.32	424.91	254.83
Foreign Exchange Rate Adjustments	4.51	-1.32	1.94	-0.11	-0.16
Net Cash Flow	120.93	40.27	-55.27	48.87	-14.13
Free Cash Flow	-114.67	-290.5	-345.42	-350.27	-248.63
Free Cash Flow Margin	-19.47%	-59.05%	-369.90%	-412.00%	-626.53%
Free Cash Flow Per Share	-0.41	-1.08	-1.52	-1.77	-2.25
Cash Interest Paid	58.95	54.92	57.25	35.37	28
Cash Income Tax Paid	0.78	2.04	1.35	0.83	0.16
Levered Free Cash Flow	12.34	-350.88	-204.27	-216.92	-218.32
Unlevered Free Cash Flow	103.65	-256	-121.66	-168.5	-148.31
Change in Working Capital	-117.64	-288.64	26.33	-47.89	-6.81

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

SEC Filings: 10-K · 10-Q