Eli Lilly and Company (LLY)

Eli Lilly Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	20,640	10,590	5,240	6,245	5,582
Depreciation & Amortization	1,997	1,767	1,527	1,523	1,548
Loss (Gain) From Sale of Assets	-180	-224	-1,879	-156.5	-216
Asset Writedown & Restructuring Costs	2,910	3,280	3,800	908.5	970.1
Loss (Gain) From Sale of Investments	-	-	-	420	-178
Stock-Based Compensation	626	646	629	371.1	342.8
Other Operating Activities	-1,087	-1,857	-2,022	-1,724	330.3
Change in Accounts Receivable	-7,000	-2,155	-2,451	-299.6	-1,278
Change in Inventory	-4,671	-2,507	-1,425	-599.7	-235.9
Change in Accounts Payable	10,187	2,609	4,274	1,692	-1,014
Change in Other Net Operating Assets	-6,609	-3,331	-3,453	-793.5	1,515
Operating Cash Flow	16,813	8,818	4,240	7,586	7,366
Operating Cash Flow Growth	90.67%	107.97%	-44.10%	2.98%	13.33%
Capital Expenditures	-7,841	-5,058	-3,448	-1,854	-1,310
Cash Acquisitions	-661	-948	-1,044	-327.2	-747.4
Sale (Purchase) of Intangibles	-2,790	-2,745	-2,340	-1,035	-452.6
Investment in Securities	319	-303	-223	-244	-166
Other Investing Activities	1	-248	-98	-302.2	-191.7
Investing Cash Flow	-10,972	-9,302	-7,153	-3,763	-2,868
Short-Term Debt Issued	-	-	4,691	1,498	-
Long-Term Debt Issued	13,167	11,417	3,959	-	2,411
Total Debt Issued	13,167	11,417	8,650	1,498	2,411
Short-Term Debt Repaid	-4,338	-1,852	-	-	-4
Long-Term Debt Repaid	-778	-664	-	-1,560	-1,905
Total Debt Repaid	-5,116	-2,516	-	-1,560	-1,909
Net Debt Issued (Repaid)	8,051	8,901	8,650	-62	501.4
Repurchase of Common Stock	-4,108	-2,500	-750	-1,500	-1,250
Common Dividends Paid	-5,384	-4,680	-4,069	-3,536	-3,087
Other Financing Activities	-772	-491	-335	-308.9	-295.9
Financing Cash Flow	-2,213	1,230	3,496	-5,407	-4,131
Foreign Exchange Rate Adjustments	372	-297	169	-167.6	-205.7
Net Cash Flow	4,000	449	752	-1,752	161.4
Free Cash Flow	8,972	3,760	792	5,731	6,056
Free Cash Flow Growth	138.62%	374.75%	-86.18%	-5.36%	18.48%
Free Cash Flow Margin	13.76%	8.35%	2.32%	20.08%	21.39%
Free Cash Flow Per Share	9.98	4.16	0.88	6.34	6.64
Cash Interest Paid	633	578	404	323.7	338
Cash Income Tax Paid	10,814	6,562	5,559	2,673	1,599
Levered Free Cash Flow	1,951	1,355	292.33	5,276	5,461
Unlevered Free Cash Flow	1,951	1,355	292.33	5,483	5,673
Change in Working Capital	-8,093	-5,384	-3,055	-0.8	-1,013

Updated Feb 4, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q