argenx SE Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	1,601	1,054	-21.65	-425.05	-720.34	-348.75
Depreciation & Amortization	31.79	28.1	17.53	111.31	104.34	5.87
Stock-Based Compensation	254.08	248.08	235.18	232.97	157.03	179.37
Other Adjustments	43.62	33.59	3.97	7.06	-3.12	-85.89
Change in Receivables	-819.33	-802.33	-423.11	-185.69	-222.26	-31.63
Changes in Inventories	-73.95	-98.95	-96	-83.03	-119.28	-83.88
Changes in Accounts Payable	503.33	612.33	246.34	95.6	0.33	134.89
Changes in Income Taxes Payable	-372.34	-254.86	7.8	-37.52	-24.14	-15.77
Changes in Unearned Revenue	-	-	-	-	-	-315.37
Changes in Other Operating Activities	-26.7	-134.58	-52.79	-135.98	-35.37	-45.65
Operating Cash Flow	974.19	685.19	-82.75	-420.33	-862.81	-606.81
Operating Cash Flow Growth	141.19%	-	-	-	-	-
Capital Expenditures	-3.96	-6.17	-1.8	-0.81	-0.84	-3.62
Purchases of Intangible Assets	-66.52	-105.52	-66.5	-43	-102.99	-117.81
Purchases of Investments	-1,650	-1,449	-2,184	-1,272	-1,694	-228.24
Proceeds from Sale of Investments	2,222	2,388	1,430	1,544	1,326	-
Other Investing Activities	185.67	156.17	104.65	79.75	11.15	2.6
Investing Cash Flow	264.01	984.01	-717.59	308.21	-461.18	-347.07
Issuance of Common Stock	318.38	278.38	309.27	1,353	854.56	1,126
Repurchase of Common Stock	-44.74	-41.26	-21.87	-12.14	-5.86	-
Net Common Stock Issued (Repurchased)	273.63	237.12	287.4	1,341	848.7	1,126
Other Financing Activities	-10.11	-4.11	-7.64	-4.62	-4.95	-4.38
Financing Cash Flow	264.01	233.01	279.76	1,337	843.76	1,121
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-2.85	89.15	-28.33	23.49	-53.7	-49.59
Net Cash Flow	1,501	1,902	-520.58	1,225	-480.23	167.46
Free Cash Flow	970.23	679.03	-84.55	-421.14	-863.64	-610.44
Free Cash Flow Growth	42.89%	-	-	-	-	-
FCF Margin	18.21%	15.98%	-3.75%	-33.20%	-193.96%	-113.17%
Free Cash Flow Per Share	14.71	10.28	-1.30	-7.37	-15.88	-11.95
Levered Free Cash Flow	1,773	1,438	954.11	-345.48	-784.54	-731.8
Unlevered Free Cash Flow	1,631	1,211	-90.7	-462.3	-775.81	-679.71

SEC Filings: 10-K · 10-Q