Establishment Labs Holdings Inc. (ESTA)

ESTA Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-82.98	-84.6	-78.5	-75.21	-41.14	-38.12
Depreciation & Amortization	10.1	7.58	4.88	4.34	4.12	3.71
Other Amortization	3.31	6.37	13.28	8.12	2.07	1.69
Loss (Gain) From Sale of Assets	0.27	0.16	0.28	0.23	0.17	0.17
Asset Writedown & Restructuring Costs	-	-	-0.34	0.34	-	-
Stock-Based Compensation	12.48	15.37	14.86	13.36	10.41	5.72
Provision & Write-off of Bad Debts	3.53	1.72	1.22	0.11	0.2	0.38
Other Operating Activities	1.04	10.38	-10.06	18.08	3.07	1.36
Change in Accounts Receivable	-10.14	-26.28	-11.56	-12.33	-6.7	3.81
Change in Inventory	-19.5	-0.47	-42.23	-10.9	-7.64	4.79
Change in Accounts Payable	6.11	6.67	18.96	4.38	4.96	-0.64
Change in Other Net Operating Assets	4.33	4.58	0.7	-2.69	2.94	4.63
Operating Cash Flow	-71.48	-58.52	-88.51	-52.17	-27.53	-12.51
Capital Expenditures	-4.84	-8.53	-23.22	-33.3	-5.72	-4.08
Cash Acquisitions	-0.36	-0.05	-	-	-	-
Sale (Purchase) of Intangibles	-1.99	-7.03	-1.33	-1.49	-1.45	-1.48
Investing Cash Flow	-7.19	-15.61	-24.55	-34.79	-7.16	-5.56
Long-Term Debt Issued	-	24.47	-	168.09	-	-
Total Debt Issued	58.97	24.47	-	168.09	-	-
Long-Term Debt Repaid	-	-	-	-71.71	-0.18	-0.28
Total Debt Repaid	-	-	-	-71.71	-0.18	-0.28
Net Debt Issued (Repaid)	58.97	24.47	-	96.39	-0.18	-0.28
Issuance of Common Stock	50.52	101.94	86.71	3.87	4.58	65.1
Repurchase of Common Stock	-0.62	-0.51	-0.48	-0	-0.36	-0.15
Financing Cash Flow	108.87	125.9	86.23	100.26	4.05	64.67
Foreign Exchange Rate Adjustments	0.72	-1.46	0.51	-0.36	-0.47	0.27
Net Cash Flow	30.93	50.31	-26.32	12.94	-31.11	46.87
Free Cash Flow	-76.32	-67.04	-111.73	-85.47	-33.25	-16.59
Free Cash Flow Margin	-39.96%	-40.38%	-67.65%	-52.85%	-26.25%	-19.59%
Free Cash Flow Per Share	-2.60	-2.38	-4.37	-3.49	-1.39	-0.71
Cash Interest Paid	20.05	9.81	5.69	5.36	6.93	6.96
Cash Income Tax Paid	1.21	1.74	2.17	2.13	0.65	0.32
Levered Free Cash Flow	-44.33	-37.94	-75	-58.02	-17.48	-5.37
Unlevered Free Cash Flow	-32.66	-31.29	-78.66	-58.79	-13.89	-1.2
Change in Working Capital	-19.21	-15.5	-34.13	-21.54	-6.44	12.59

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q