ArcelorMittal S.A. (MT)

ArcelorMittal Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	3,002	11,159	662	1,022	9,538	15,565
Depreciation & Amortization	3,242	9	9	2,675	2,580	2,523
Other Adjustments	-2,552	-11,746	-1,396	3,369	2,047	1,562
Change in Receivables	-1,040	-	-	307	1,133	-2,535
Changes in Inventories	-326	-	-	1,568	-2,062	-8,654
Changes in Accounts Payable	63	-	-	-271	-294	4,780
Changes in Other Operating Activities	1,461	3,166	4,678	-1,025	-2,739	-3,336
Operating Cash Flow	5,153	2,588	3,953	7,645	10,203	9,905
Operating Cash Flow Growth	12.07%	-34.53%	-48.29%	-25.07%	3.01%	142.65%
Capital Expenditures	-4,641	-	-	-4,613	-3,468	-3,008
Sale of Property, Plant & Equipment	-	-	-	718	95	105
Purchases of Investments	-	-	-1,048	-	-	-
Proceeds from Sale of Investments	-	28	-	560	-32	2,600
Payments for Business Acquisitions	-	-	-	-2,597	-939	-39
Proceeds from Business Divestments	-	-	-	254	-	-4
Other Investing Activities	-205	-1,818	432	-170	-139	6
Investing Cash Flow	-4,846	-1,790	-616	-5,848	-4,483	-340
Short-Term Debt Issued	-	3,302	917	218	434	287
Short-Term Debt Repaid	-	-5,874	-6,438	-1,670	-1,044	-1,664
Net Short-Term Debt Issued (Repaid)	-	-2,572	-5,521	-1,452	-610	-1,377
Long-Term Debt Issued	-381	2,001	2,025	134	3,893	147
Long-Term Debt Repaid	-	-333	-	-356	-	-3,528
Net Long-Term Debt Issued (Repaid)	-381	1,668	2,025	-222	3,893	-3,381
Issuance of Common Stock	-	90	-	-	-	-
Repurchase of Common Stock	-168	-262	-1,300	-1,208	-2,937	-5,170
Net Common Stock Issued (Repurchased)	-168	-172	-1,300	-1,208	-2,937	-5,170
Common Dividends Paid	-535	-421	-393	-531	-663	-572
Other Financing Activities	-483	-9	-14	-253	-160	-398
Financing Cash Flow	-1,567	-1,506	-5,203	-3,666	-477	-10,898
Effect of Exchange Rate Changes on Cash and Cash Equivalents	313	-	-	255	-158	-55
Net Cash Flow	-1,260	-708	-1,866	-1,869	5,243	-1,333
Free Cash Flow	512	2,588	3,953	3,032	6,735	6,897
Free Cash Flow Growth	-80.22%	-34.53%	30.38%	-54.98%	-2.35%	319.78%
FCF Margin	0.83%	4.22%	6.33%	4.44%	8.44%	9.01%
Free Cash Flow Per Share	0.67	3.38	5.00	3.59	7.37	6.22
Levered Free Cash Flow	2,340	5,423	2,530	-2,421	6,602	2,503
Unlevered Free Cash Flow	3,007	7,165	9,740	1,116	5,856	11,598

Updated May 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q