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 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	-446.9	-986.2	-328.5	-25.2	186.2	98
Depreciation & Amortization	78.3	78	86.9	98	93.6	166.3
Stock-Based Compensation	71.2	74.4	58.4	42.7	25.4	27.5
Other Adjustments	323.2	832.6	62	30.4	25.7	5.2
Change in Receivables	107.7	70.9	309.9	-53.4	-108.4	-187.6
Changes in Accounts Payable	-40.2	-109.9	7.2	55.3	24.8	-6.2
Changes in Accrued Expenses	-19.2	6.5	5	26.2	-125.4	52.7
Changes in Unearned Revenue	111	114.8	140	-2.2	-30.1	39.6
Changes in Other Operating Activities	26.2	32.4	-78.1	-3.4	-9.1	-25.7
Operating Cash Flow	220.7	113.5	262.8	168.4	82.7	169.8
Operating Cash Flow Growth	34.41%	-56.81%	56.06%	103.63%	-51.30%	-15.48%
Capital Expenditures	-30.3	-25.2	-25.5	-40.3	-54.4	-26.5
Sale of Property, Plant & Equipment	-	-	0.5	8.5	0.4	0.3
Proceeds from Business Divestments	20.6	39.6	276.6	-	-	-
Investing Cash Flow	-9.7	14.4	251.6	-31.8	-54	-26.2
Short-Term Debt Issued	287.4	453.9	826.5	164	-	-
Short-Term Debt Repaid	-376.4	-453.9	-826.5	-164	-	-
Net Short-Term Debt Issued (Repaid)	-89	0	0	0	-	-
Long-Term Debt Issued	-	-	-	1,631	-	-
Long-Term Debt Repaid	-75.7	-75.7	-482.7	-15.4	-	-
Net Long-Term Debt Issued (Repaid)	-75.7	-75.7	-482.7	1,616	-	-
Repurchase of Common Stock	-	-	-14.4	-	-	-
Net Common Stock Issued (Repurchased)	-	-	-14.4	-	-	-
Other Financing Activities	-	-0.6	-0.7	-1,757	-6.3	-128.5
Financing Cash Flow	-164.7	-76.3	-497.8	-140.8	-6.3	-128.5
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.4	4.5	-6.7	2.4	-6.6	-0.8
Net Cash Flow	45.9	56.1	9.9	-1.8	15.8	14.3
Free Cash Flow	190.4	88.3	237.3	128.1	28.3	143.3
Free Cash Flow Growth	115.63%	-62.79%	85.25%	352.65%	-80.25%	-18.99%
FCF Margin	7.03%	3.24%	8.80%	4.70%	1.05%	5.04%
Free Cash Flow Per Share	2.04	0.97	2.65	1.44	0.32	1.61
Levered Free Cash Flow	-485.8	-965.3	-675.7	763.4	-429.1	175
Unlevered Free Cash Flow	-229.78	-778.84	-24.34	-741.84	-260.44	233.46

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q