Emergent BioSolutions Inc. (EBS)
NYSE: EBS · Real-Time Price · USD
5.85
-0.05 (-0.85%)
At close: Nov 5, 2026, 4:00 PM EST
5.76
-0.09 (-1.54%)
After-hours: Nov 5, 2026, 7:30 PM EST
Emergent BioSolutions Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -260.7 | 52.6 | -190.6 | -760.5 | -211.6 | 219.5 |
Depreciation & Amortization | 90.5 | 98.3 | 112 | 129.1 | 130.6 | 123.8 |
Other Amortization | 7.6 | 9.8 | 7.4 | 21.3 | 4.1 | 4.1 |
Loss (Gain) From Sale of Assets | 11 | 4.5 | -3.5 | -53.1 | 3.6 | - |
Asset Writedown & Restructuring Costs | 203.5 | 12.2 | 27.2 | 524.9 | 19.4 | 41.7 |
Stock-Based Compensation | 18.3 | 16.2 | 18 | 23.1 | 45.1 | 42.4 |
Other Operating Activities | -7.9 | -0.6 | -0.5 | -20.8 | -23.2 | 33.7 |
Change in Accounts Receivable | 56.8 | 25.5 | -24.4 | -21.6 | 118.1 | -16.2 |
Change in Inventory | 76.8 | -30.3 | -24.5 | 0.6 | -57.1 | -66.6 |
Change in Accounts Payable | 8.4 | -8.4 | -33 | 10.6 | -14 | -1.6 |
Change in Unearned Revenue | 10 | 5.2 | -20.3 | 5.9 | 9.6 | -31.8 |
Change in Income Taxes | -1.9 | -1.7 | 23.3 | -16.2 | 28.7 | -31.3 |
Change in Other Net Operating Assets | -12.3 | -12.7 | 167.6 | -49.6 | -87.4 | 2.5 |
Operating Cash Flow | 200.1 | 170.6 | 58.7 | -206.3 | -34.1 | 320.2 |
Operating Cash Flow Growth | 1439.23% | 190.63% | - | - | - | -40.36% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Capital Expenditures | -11.7 | -13.8 | -22.9 | -51.6 | -115.8 | -224.1 |
Sale of Property, Plant & Equipment | 5.6 | 38.2 | 7.9 | - | - | - |
Divestitures | - | - | 110.2 | 270.2 | - | - |
Sale (Purchase) of Intangibles | -47.9 | 50 | 30 | -6.3 | -243.7 | - |
Other Investing Activities | - | -5 | - | - | -21.8 | - |
Investing Cash Flow | -54 | 69.4 | 125.2 | 212.3 | -381.3 | -224.1 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Long-Term Debt Issued | - | - | 284 | 20 | 598 | - |
Long-Term Debt Repaid | - | -112.5 | -482.4 | -563.4 | -33.8 | -35.9 |
Total Debt Repaid | -324.1 | -112.5 | -482.4 | -563.4 | -33.8 | -35.9 |
Net Debt Issued (Repaid) | -178.6 | -112.5 | -198.4 | -543.4 | 564.2 | -35.9 |
Issuance of Common Stock | 2.7 | 2.2 | 10.8 | 10.2 | 5 | 15.9 |
Repurchase of Common Stock | -31 | -26.3 | -1.2 | -2.5 | -88 | -119.8 |
Other Financing Activities | -11.5 | - | -1.2 | - | - | -1.2 |
Financing Cash Flow | -218.4 | -136.6 | -190 | -535.7 | 481.2 | -141 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Foreign Exchange Rate Adjustments | - | 0.1 | - | -1.2 | 0.5 | -0.3 |
Net Cash Flow | -72.3 | 103.5 | -6.1 | -530.9 | 66.3 | -45.2 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Free Cash Flow | 188.4 | 156.8 | 35.8 | -257.9 | -149.9 | 96.1 |
Free Cash Flow Growth | 13357.14% | 337.99% | - | - | - | -75.67% |
Free Cash Flow Margin | 29.03% | 21.11% | 3.43% | -24.58% | -13.41% | 5.42% |
Free Cash Flow Per Share | 3.64 | 2.77 | 0.68 | -5.04 | -2.99 | 1.78 |
Levered Free Cash Flow | 196.69 | 207.89 | 61.7 | -84.6 | -203.13 | 39.19 |
Unlevered Free Cash Flow | 217.46 | 235.15 | 98.68 | -50.96 | -183.91 | 56.65 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Cash Interest Paid | 37.6 | 49.7 | 64 | 68.3 | 33 | 30.4 |
Cash Income Tax Paid | 34.4 | 40 | 26.5 | 52.8 | 6.2 | 71.6 |
Change in Working Capital | 137.8 | -22.4 | 88.7 | -70.3 | -2.1 | -145 |