Fortrea Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	-1,015	-328.5	-25.2	186.2	98	-359.2
Depreciation & Amortization	79.5	85.3	89.3	85.5	108.7	119
Other Amortization	-	12.2	-	-	-	-
Asset Writedown & Restructuring Costs	799.2	4.8	-	9.8	57.6	405.7
Stock-Based Compensation	74.9	58.4	42.7	25.4	27.5	23.1
Provision & Write-off of Bad Debts	18.7	22.2	27.8	3.4	-	-
Other Operating Activities	27.4	-1.3	-15.2	12.5	5.2	3.4
Change in Accounts Receivable	8.4	309.9	-53.4	-108.4	-187.6	-22.6
Change in Accounts Payable	-88.3	7.2	55.3	24.8	-6.2	-2.1
Change in Unearned Revenue	88.2	140	-2.2	-30.1	39.6	-3.6
Change in Other Net Operating Assets	12	-92.6	27.2	-134.5	27	37.2
Operating Cash Flow	1.5	262.8	168.4	82.7	169.8	200.9
Operating Cash Flow Growth	-99.43%	56.06%	103.63%	-51.30%	-15.48%	-
Capital Expenditures	-14.5	-25.5	-40.3	-54.4	-26.5	-24
Sale of Property, Plant & Equipment	0.3	0.5	8.5	0.4	0.3	0.3
Cash Acquisitions	-	-	-	-	-	-137.5
Divestitures	39.6	276.6	-	-	-	-
Investing Cash Flow	25.4	251.6	-31.8	-54	-26.2	-161.2
Short-Term Debt Issued	-	826.5	164	-	-	-
Long-Term Debt Issued	-	-	1,631	-	-	-
Total Debt Issued	663.4	826.5	1,795	-	-	-
Short-Term Debt Repaid	-	-826.5	-164	-	-	-
Long-Term Debt Repaid	-	-482.7	-15.4	-	-	-
Total Debt Repaid	-663.4	-1,309	-179.4	-	-	-
Net Debt Issued (Repaid)	-	-482.7	1,616	-	-	-
Repurchase of Common Stock	-0.4	-14.4	-	-	-	-
Other Financing Activities	-1.3	-0.7	-1,757	-6.3	-128.5	-33.1
Financing Cash Flow	-1.7	-497.8	-140.8	-6.3	-128.5	-33.1
Foreign Exchange Rate Adjustments	0.8	-6.7	2.4	-6.6	-0.8	0.5
Net Cash Flow	26	9.9	-1.8	15.8	14.3	7.1
Free Cash Flow	-13	237.3	128.1	28.3	143.3	176.9
Free Cash Flow Growth	-	85.25%	352.65%	-80.25%	-18.99%	-
Free Cash Flow Margin	-0.47%	8.80%	4.51%	1.00%	4.69%	6.86%
Free Cash Flow Per Share	-0.14	2.65	1.44	0.32	1.61	-
Cash Interest Paid	85.4	109.6	45.1	0.4	0.2	0.1
Cash Income Tax Paid	12.1	53.7	18	27	16.1	22.2
Levered Free Cash Flow	134.56	421.85	133.49	-43.38	195.45	-
Unlevered Free Cash Flow	190.88	487.03	177.05	-43.25	195.58	-
Change in Working Capital	20.3	364.5	26.9	-248.2	-127.2	8.9

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

SEC Filings: 10-K · 10-Q