Bullish 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	Mar '26 Mar 31, 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	-1,042	-785.47	79.56	1,300	-4,246	-1,401
Depreciation & Amortization	7.18	7.07	8.55	5.42	3.6	0.47
Stock-Based Compensation	16.67	16.2	22.59	6.17	17.79	44.8
Other Adjustments	994.62	735.18	-163.92	-1,362	4,159	1,167
Change in Receivables	2,770	-	-28.53	65.9	-83.59	-
Changes in Inventories	47.93	324.77	-49.34	139.19	326.8	57.7
Changes in Accounts Payable	10.75	7.61	0.04	0.1	-66.85	63.55
Changes in Other Operating Activities	-307.04	-276.72	101.08	-281.79	84.22	-52.04
Operating Cash Flow	123.13	28.63	-29.98	-126.67	194.93	-119.44
Operating Cash Flow Growth	217.54%	-	-	-	-	-
Capital Expenditures	-10.15	-9.93	-0.39	-0.97	-1.29	-
Sale of Property, Plant & Equipment	0.02	-	-	0.03	-	-2.09
Purchases of Intangible Assets	-1.52	-42.11	-15.32	-	-	-332.22
Proceeds from Sale of Intangible Assets	4.45	30.55	0.09	-	-	1,836
Purchases of Investments	-29.79	-24.62	-25	-	-	-
Proceeds from Sale of Investments	48.21	48.21	0.17	3.57	-	-
Payments for Business Acquisitions	-	-	-4.63	1.29	-	-
Investing Cash Flow	11.22	2.1	-45.08	3.92	-1.29	1,501
Long-Term Debt Issued	100	174.3	25	43	225	-
Long-Term Debt Repaid	-150	-149.3	-	-	-225	-
Net Long-Term Debt Issued (Repaid)	-50	25	25	43	0	-
Issuance of Common Stock	60.54	59.19	-	-	-	-
Net Common Stock Issued (Repurchased)	60.54	59.19	-	-	-	-
Issuance of Preferred Stock	-	-	-	-	-	152
Repurchase of Preferred Stock	-	-	-	-714.57	-	-120.62
Net Preferred Stock Issued (Repurchased)	-	-	-	-714.57	-	31.38
Common Dividends Paid	-	-	-	-534.64	-	-371.25
Other Financing Activities	-45.13	-41.8	-25.98	-6.44	-7.73	-0.49
Financing Cash Flow	-34.59	42.4	-0.98	-1,213	-7.73	-340.36
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.89	1.59	0.3	-	-	-
Net Cash Flow	101.65	74.72	-75.74	-1,335	185.91	1,042
Free Cash Flow	112.99	18.7	-30.37	-127.63	193.64	-119.44
Free Cash Flow Growth	504.18%	-	-	-	-	-
FCF Margin	0.05%	0.01%	-0.01%	-0.11%	0.27%	-9.03%
Free Cash Flow Per Share	0.81	0.15	-0.26	-1.04	1.72	-1.06
Levered Free Cash Flow	-1,327	-686.89	163.46	1,204	-3,899	2,494
Unlevered Free Cash Flow	-257.59	47.43	21.62	-188.39	268.79	-160.75

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q