Amer Sports, Inc. (AS)

Amer Sports Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	546.4	427.4	72.6	-208.6	-252.7	-126.3
Depreciation & Amortization	440.2	384.2	273.8	220.9	197	195.7
Loss (Gain) From Sale of Assets	-	-	5.6	-	0.7	-
Asset Writedown & Restructuring Costs	15.2	14	1.9	2.4	201.7	0.7
Loss (Gain) From Sale of Investments	-	-	1.1	2.5	-	-
Stock-Based Compensation	50.2	37.2	19.5	10.7	-	-
Other Operating Activities	50.5	-22.2	34.3	262.8	116.5	147.3
Change in Accounts Receivable	-66.2	-123.6	-44.9	83.9	-149.1	36.2
Change in Inventory	-308.6	-318.3	-172.4	-175.1	-355.2	-50.9
Change in Accounts Payable	279	190.1	123.7	-38.7	115.5	43.4
Change in Other Net Operating Assets	-45.9	141	109.5	38.2	33.9	50
Operating Cash Flow	960.8	729.8	424.7	199	-91.7	268
Operating Cash Flow Growth	106.45%	71.84%	113.42%	-	-	-10.04%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-266.1	-216.5	-229.1	-123.6	-77.7	-60.7
Sale of Property, Plant & Equipment	-	-	4.2	0.5	0.2	0.5
Cash Acquisitions	-55.4	-45.4	-	-3.5	-	-
Divestitures	4.5	-	15.5	-	-	-
Sale (Purchase) of Intangibles	-59.9	-67.2	-46.3	-12.7	-32.1	-33
Investment in Securities	-	-	-	-	-19.4	-
Other Investing Activities	-8.7	-9	-12.6	-15.5	10.4	388.6
Investing Cash Flow	-385.6	-338.1	-268.3	-154.8	-118.6	295.4

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	284.3	376.9	90	35	135
Long-Term Debt Issued	-	-	2,027	115	184	-
Total Debt Issued	325.9	284.3	2,404	205	219	135
Short-Term Debt Repaid	-	-278.5	-325.7	-35	-35	-293.8
Long-Term Debt Repaid	-	-147.9	-4,899	-141.3	-73.5	-209
Lease Payments	-187.3	-145.6	-102.3	-75.4	-73.5	-72.8
Total Debt Repaid	-1,355	-426.4	-5,225	-176.3	-108.5	-502.8
Net Debt Issued (Repaid)	-1,029	-142.1	-2,821	28.7	110.5	-367.8
Issuance of Common Stock	866.4	36.8	2,574	-	-	-
Other Financing Activities	-10.9	-18.7	-18.8	6.3	-29.4	-1.9
Financing Cash Flow	-173.7	-124	-266	35	81.1	-369.7

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	15.5	39.2	-28.4	2.1	-36.4	-22.4
Miscellaneous Cash Flow Adjustments	-	-	-	0.1	-	-0.1
Net Cash Flow	417	306.9	-138	81.4	-165.6	171.2

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	694.7	513.3	195.6	75.4	-169.4	207.3
Free Cash Flow Growth	170.63%	162.42%	159.42%	-	-	0.34%
Free Cash Flow Margin	9.34%	7.82%	3.77%	1.71%	-4.74%	6.76%
Free Cash Flow Per Share	1.21	0.91	0.39	0.20	-0.44	0.54
Levered Free Cash Flow	547.69	533.64	188.41	72.05	-187.2	443.64
Unlevered Free Cash Flow	604.13	594.7	325.29	320.55	-38.76	609.45
Free Cash Flow After Leases	507.4	367.7	93.3	0	-242.9	134.5

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	103.4	95.9	197.2	179.3	118.1	125.7
Cash Income Tax Paid	272	212.3	170	88	60.7	31.3
Change in Working Capital	-141.7	-110.8	15.9	-91.7	-354.9	78.7

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: May 19, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 3, 2026

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