Frontline 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	-	379.08	495.58	656.41	475.54	-14.96
Depreciation & Amortization	-	328.46	339.03	230.94	165.17	165.21
Stock-Based Compensation	-	5.56	-2.19	10.72	4.7	0.19
Other Adjustments	-	-13.42	-103.3	-52.77	-118.71	-43.11
Change in Receivables	-	-5.05	-2.8	14.82	-65.93	-15.23
Changes in Inventories	-	16.89	-2.32	-28.25	-26.41	-22.93
Changes in Accounts Payable	-	21.36	3.4	-2.69	36.37	-5.53
Changes in Accrued Expenses	-	-	-	-	-	-3.49
Changes in Other Operating Activities	-	-34.39	38.67	47.02	-81.04	25.13
Operating Cash Flow	1,006	682.46	736.41	856.18	385.33	85.26
Operating Cash Flow Growth	43.12%	-7.33%	-13.99%	122.19%	351.94%	-85.89%
Capital Expenditures	-342.61	-12.53	-915.25	-1,631	-335.82	-473.76
Sale of Property, Plant & Equipment	1,073	37.15	431.85	142.74	80	80
Purchases of Investments	-	-	-	-	-1.51	-0.36
Proceeds from Sale of Investments	1.89	0.36	-	251.84	-	14.07
Proceeds from Business Divestments	-	-	-	-	-	5.63
Other Investing Activities	-	-	-	1.39	-	-
Investing Cash Flow	732.07	24.98	-483.4	-1,235	-257.32	-374.42
Long-Term Debt Issued	613.86	1,434	2,167	1,609	651.25	403.87
Long-Term Debt Repaid	-1,806	-2,096	-1,880	-536.59	-597.83	-219.52
Net Long-Term Debt Issued (Repaid)	-1,192	-662.17	287.24	1,073	53.41	184.35
Issuance of Common Stock	-	-	-	-	-	52.45
Net Common Stock Issued (Repurchased)	-	-	-	-	-	52.45
Common Dividends Paid	-489.77	-207.04	-434.12	-638.93	-33.39	-
Other Financing Activities	-0.37	-16.45	-30.6	-20.88	-10.93	-9.28
Financing Cash Flow	-1,682	-869.62	-147.8	433.07	13.44	227.51
Net Cash Flow	55.93	-162.19	105.21	53.8	141.45	-61.65
Free Cash Flow	663.55	669.93	-178.84	-775.24	49.52	-388.5
Free Cash Flow Growth	-0.95%	-	-	-	-	-
FCF Margin	29.47%	34.09%	-8.72%	-43.02%	3.46%	-51.84%
Free Cash Flow Per Share	2.98	3.01	-0.80	-3.48	0.23	-1.95
Levered Free Cash Flow	-629.86	36.7	246.35	344.88	287.22	-145.99
Unlevered Free Cash Flow	742.6	909.19	233.33	-637.97	203.5	-303.1

SEC Filings: 10-K · 10-Q