Elbit Systems Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	321.86	215.86	275.47	274.66	237.99
Depreciation & Amortization	158.39	164.8	161.29	153.09	144.42
Stock-Based Compensation	15.76	12.14	10.46	5.31	4.09
Other Adjustments	11.47	1.8	-16.43	17.61	-63.81
Change in Receivables	-473.93	-96.59	97.15	-430.3	-508.06
Changes in Inventories	-480.31	-351.59	-305.06	-336.22	-69.76
Changes in Accounts Payable	65.66	175.45	-123.29	105.2	143.85
Changes in Unearned Revenue	955.86	16.19	192.16	617.74	358.73
Changes in Other Operating Activities	-40.16	-24.33	-51.69	9.83	31.39
Operating Cash Flow	534.61	113.71	240.07	416.93	278.83
Operating Cash Flow Growth	370.16%	-52.63%	-42.42%	49.53%	32.95%
Capital Expenditures	-215.05	-187.04	-205.11	-188.62	-132.21
Sale of Property, Plant & Equipment	4.11	1.47	24.88	25.75	71.93
Purchases of Investments	-3.6	-5.42	-4.47	-1.83	-7.23
Proceeds from Sale of Investments	28.34	-9.23	14.4	22.56	44.42
Payments for Business Acquisitions	-	-10.38	-63.18	-445.57	0.22
Other Investing Activities	7.38	-	81.49	-	-
Investing Cash Flow	-178.83	-210.6	-151.98	-587.72	-22.87
Short-Term Debt Issued	36.38	313.62	-	-	-
Short-Term Debt Repaid	-162.12	147.48	99	-285.32	104.31
Net Short-Term Debt Issued (Repaid)	-125.74	461.1	99	-285.32	104.31
Long-Term Debt Issued	-	20	39.55	1,052	201.55
Long-Term Debt Repaid	-73.18	-308.67	-187.73	-536.06	-425.9
Net Long-Term Debt Issued (Repaid)	-73.18	-288.67	-148.19	515.46	-224.35
Issuance of Common Stock	0.03	0.03	0.02	0.02	-
Net Common Stock Issued (Repurchased)	0.03	0.03	0.02	0.02	-
Common Dividends Paid	-88.96	-89.25	-86.81	-79.18	-78.19
Financing Cash Flow	-287.85	83.21	-135.97	150.99	-198.23
Net Cash Flow	67.92	-13.68	-47.89	-19.8	57.73
Free Cash Flow	319.56	-73.33	34.96	228.31	146.62
Free Cash Flow Growth	-	-	-84.69%	55.71%	43.99%
FCF Margin	4.68%	-1.23%	0.63%	4.33%	3.14%
Free Cash Flow Per Share	7.15	-1.64	0.78	5.16	3.32
Levered Free Cash Flow	566.61	181.03	-105.43	865.51	594.04
Unlevered Free Cash Flow	989.34	199.92	66.1	922.93	847.44

Updated Nov 18, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q