Elbit Systems Ltd. (ESLT)

Elbit Systems Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	589.11	535.62	321.86	215.86	275.47	274.66
Depreciation & Amortization	175.38	171.43	158.39	164.8	161.29	153.09
Stock-Based Compensation	27.55	26.39	15.76	12.14	10.46	5.31
Other Adjustments	-25.15	-26.11	11.47	1.8	-16.43	17.61
Change in Receivables	-854.07	-659.95	-473.93	-96.59	97.15	-430.3
Changes in Inventories	-377.93	-357.93	-480.31	-351.59	-305.06	-336.22
Changes in Accounts Payable	420.47	463.91	65.66	175.45	-123.29	105.2
Changes in Unearned Revenue	947.87	651.33	955.86	16.19	192.16	617.74
Changes in Other Operating Activities	-19.01	-26.33	-40.16	-24.33	-51.69	9.83
Operating Cash Flow	875.85	778.38	534.61	113.71	240.07	416.93
Operating Cash Flow Growth	20.88%	45.60%	370.16%	-52.63%	-42.42%	49.53%
Capital Expenditures	-274.06	-225.57	-215.05	-187.04	-205.11	-188.62
Sale of Property, Plant & Equipment	1.2	1.13	4.11	1.47	24.88	25.75
Purchases of Investments	-594.06	-2.29	-3.6	-5.42	-4.47	-1.83
Proceeds from Sale of Investments	191.14	-164.39	28.34	-9.23	14.4	22.56
Payments for Business Acquisitions	-	-	-	-10.38	-63.18	-445.57
Other Investing Activities	-	0.4	7.38	-	81.49	-
Investing Cash Flow	-690.23	-390.72	-178.83	-210.6	-151.98	-587.72
Short-Term Debt Issued	-512.2	-400.32	-125.74	461.1	99	-285.32
Net Short-Term Debt Issued (Repaid)	-512.2	-400.32	-125.74	461.1	99	-285.32
Long-Term Debt Issued	-	-	-	20	39.55	1,052
Long-Term Debt Repaid	-80.16	-78.92	-73.18	-308.67	-187.73	-536.06
Net Long-Term Debt Issued (Repaid)	-80.16	-78.92	-73.18	-288.67	-148.19	515.46
Issuance of Common Stock	573.06	573.06	0.03	0.03	0.02	0.02
Net Common Stock Issued (Repurchased)	573.06	573.06	0.03	0.03	0.02	0.02
Common Dividends Paid	-124.76	-111.69	-88.96	-89.25	-86.81	-79.18
Financing Cash Flow	-144.05	-17.87	-287.85	83.21	-135.97	150.99
Net Cash Flow	41.57	369.79	67.92	-13.68	-47.89	-19.8
Free Cash Flow	601.79	552.81	319.56	-73.33	34.96	228.31
Free Cash Flow Growth	8.86%	72.99%	-	-	-84.69%	55.71%
FCF Margin	7.31%	6.96%	4.68%	-1.23%	0.63%	4.33%
Free Cash Flow Per Share	12.65	11.78	7.15	-1.64	0.78	5.16
Levered Free Cash Flow	868.41	731.96	566.61	181.03	-105.43	865.51
Unlevered Free Cash Flow	1,679	1,282	877.55	125.24	5.48	636.13

Updated May 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q