Novavax 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	-87.84	440.3	-187.5	-545.06	-657.94	-1,744
Depreciation & Amortization	22.34	27.61	48.5	41.23	29.05	12.66
Stock-Based Compensation	33.45	36.02	48.15	85.36	130.3	183.63
Other Adjustments	-12.14	139.14	-44.89	81.35	443.8	136.79
Changes in Inventories	-5.84	-3.24	12.91	-74.46	-477.8	-8.87
Changes in Accounts Payable	-170.8	-322.57	-385.63	-378.81	913.4	600.33
Changes in Unearned Revenue	-69.9	-622.94	67.11	350.87	-1,046	1,326
Changes in Other Operating Activities	73.42	61.04	354.09	-274.44	249.17	-183.39
Operating Cash Flow	-91.56	-244.64	-87.26	-713.97	-415.94	322.95
Capital Expenditures	-6.1	-5.56	-13.06	-53.77	-89.06	-54.5
Sale of Property, Plant & Equipment	39.75	19.65	192.64	-	-	-
Purchases of Intangible Assets	-0.5	-0.83	-1.58	-5.04	-3.93	-2.99
Purchases of Investments	-544.67	-445.27	-825.59	-	-	-2.17
Proceeds from Sale of Investments	458.02	353.74	443.55	-	-	159.81
Investing Cash Flow	-33.31	-78.27	-204.04	-58.81	-92.99	100.15
Long-Term Debt Issued	46.41	42.61	-	-	175.25	-
Long-Term Debt Repaid	-	-	-	-325	-	-
Net Long-Term Debt Issued (Repaid)	46.41	42.61	-	-325	175.25	-
Issuance of Common Stock	-8.1	-4.8	264.58	360.4	248.59	589.62
Net Common Stock Issued (Repurchased)	-8.1	-4.8	264.58	360.4	248.59	589.62
Other Financing Activities	-8.45	-10.07	-3.99	-30.94	-98.85	-127.91
Financing Cash Flow	72.47	27.74	260.58	4.47	324.99	461.71
Effect of Exchange Rate Changes on Cash and Cash Equivalents	6.84	5.93	-7.8	3.27	4.52	-5.29
Net Cash Flow	-45.56	-289.24	-38.52	-765.04	-179.41	879.52
Free Cash Flow	-97.65	-250.2	-100.32	-767.74	-504.99	268.45
FCF Margin	-16.38%	-22.27%	-14.71%	-78.05%	-25.48%	23.42%
Free Cash Flow Per Share	-0.58	-1.45	-0.66	-7.62	-6.46	3.61
Levered Free Cash Flow	-198.3	-382.74	-103.58	-1,259	-903.84	-51.97
Unlevered Free Cash Flow	-233.14	-410.95	-149.67	-953.77	-1,062	33.94

SEC Filings: 10-K · 10-Q