Natera, Inc. (NTRA)

Natera Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-309.19	-190.43	-434.8	-547.8	-471.72	-229.74
Depreciation & Amortization	37.18	30.97	24.1	16.7	11.25	8.61
Stock-Based Compensation	333.75	274.43	191.81	152.38	115.22	50.17
Other Adjustments	13.11	18.55	19.89	32.36	55.61	27.58
Change in Receivables	20.5	-35.88	-33.9	-122.31	-43.51	-25.83
Changes in Inventories	-15.92	-3.99	-5.35	-8.5	-6.88	-7.47
Changes in Accounts Payable	14.72	13.21	-15.46	5.46	19.22	-0.12
Changes in Accrued Expenses	125.61	33.95	31.94	50.72	43.25	24.62
Changes in Unearned Revenue	3.43	0.85	4.96	2.17	-44.21	-6.9
Changes in Other Operating Activities	-30.42	-6.01	-30.17	-10.58	-13.48	-23.44
Operating Cash Flow	194.47	135.66	-246.96	-431.5	-335.24	-182.51
Operating Cash Flow Growth	1128.78%	-	-	-	-	-
Capital Expenditures	-70.12	-66.42	-39.2	-47.7	-41.03	-19.6
Purchases of Intangible Assets	-12.5	-10.5	-	-	-8.56	-
Purchases of Investments	-24.6	-122.01	-98.3	-86.95	-876.1	-685.24
Proceeds from Sale of Investments	29	339.22	306	464.98	720.49	373.38
Other Investing Activities	-	-2.67	-	-	-	-
Investing Cash Flow	-71.74	137.62	168.5	330.34	-205.19	-331.46
Long-Term Debt Issued	-	-	-	30	-	278.32
Long-Term Debt Repaid	-	-0.08	-	-	-	-78.76
Net Long-Term Debt Issued (Repaid)	-	-0.08	-	30	-	199.56
Issuance of Common Stock	19.99	30.29	254.46	452.64	576.19	301.29
Net Common Stock Issued (Repurchased)	19.99	30.29	254.46	452.64	576.19	301.29
Financing Cash Flow	26.11	30.2	254.46	482.64	576.19	500.85
Net Cash Flow	148.59	303.49	176	381.48	35.76	-13.13
Free Cash Flow	71.3	69.24	-286.15	-479.2	-376.27	-202.12
Free Cash Flow Growth	2.97%	-	-	-	-	-
FCF Margin	3.37%	4.08%	-26.43%	-58.42%	-60.16%	-51.69%
Free Cash Flow Per Share	0.53	0.56	-2.49	-4.87	-4.15	-2.49
Levered Free Cash Flow	-244.71	-187.95	-463.98	-509.52	-503.58	-54.47
Unlevered Free Cash Flow	-286.59	-220.55	-475.7	-533.73	-500.66	-240.66

Updated Nov 7, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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