Incyte 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	1,432	1,287	32.62	597.6	340.66	948.58
Depreciation & Amortization	94.73	93.29	89.25	82.66	67.86	57.84
Stock-Based Compensation	252.49	249.35	266.06	215.89	188.42	183.01
Other Adjustments	293.03	311.38	-190.83	-151.01	174.2	-425.37
Change in Receivables	-228.75	-170.77	-111.59	-98.68	-28.58	-134.31
Changes in Inventories	-42.17	-58.51	-127.63	-170.15	-67.5	-20.97
Changes in Accounts Payable	32.17	6.56	88.16	-167.95	105.44	73.34
Changes in Accrued Expenses	-307.77	-148.2	278.94	230.61	220.2	131.44
Changes in Other Operating Activities	-85	-156.24	10.37	-42.49	-30.74	-64.08
Operating Cash Flow	1,517	1,414	335.34	496.49	969.94	749.49
Operating Cash Flow Growth	296.45%	321.52%	-32.46%	-48.81%	29.41%	-
Capital Expenditures	-65.9	-58.87	-86.26	-32.49	-77.83	-181.01
Purchases of Intangible Assets	-	-25	-13.9	-15	-	-
Purchases of Investments	-396.97	-303.38	-258.37	-466.02	-79.86	-268.68
Proceeds from Sale of Investments	308.84	284.64	516.05	305.83	79.15	241.98
Investing Cash Flow	-191.91	-102.61	157.52	-207.68	-78.54	-207.7
Issuance of Common Stock	316.45	221.76	49.3	35.84	61.12	58.63
Repurchase of Common Stock	-83.87	-95.92	-2,045	-28.55	-26.3	-29.94
Net Common Stock Issued (Repurchased)	232.58	125.84	-1,996	7.29	34.81	28.69
Other Financing Activities	-24.49	-24.81	-25.76	-27.32	-35.61	-22.51
Financing Cash Flow	198.54	101.04	-2,022	-20.03	-0.79	6.18
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-3.85	-1.71	2.92	-6.68	3.36	-3.57
Net Cash Flow	1,520	1,410	-1,526	262.1	893.96	544.4
Free Cash Flow	1,451	1,355	249.07	464	892.11	568.48
Free Cash Flow Growth	7.11%	443.87%	-46.32%	-47.99%	56.93%	-
FCF Margin	27.06%	26.35%	5.87%	12.56%	26.28%	19.04%
Free Cash Flow Per Share	7.15	6.75	1.18	2.05	3.98	2.56
Levered Free Cash Flow	1,058	964.68	285.43	497.8	558.07	945.16
Unlevered Free Cash Flow	926.23	849.04	259.14	344.72	590.47	970.65

SEC Filings: 10-K · 10-Q