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Novartis AG (NVS)
NYSE: NVS · Real-Time Price · USD
153.81
-0.84 (-0.54%)
Aug 28, 2026, 4:00 PM EDT - Market closed

Novartis AG Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
3,2643,1562,4093,9284,0413,6062,8183,1893,2462,6888,4801,7612,3162,2931,4661,573-2,22216,3082,758
Depreciation & Amortization
1,2001,1891,1751,2591,1601,1501,1651,1621,1161,1561,1461,3161,2621,3791,2761,264-1,3471,4611,330
Loss (Gain) From Sale of Assets
-247-1598081-6722-53-1637270101-6586-302-127-15--78-23-97
Asset Writedown & Restructuring Costs
20039376105964463803461584421,795446491546651-5858123
Loss (Gain) From Sale of Investments
6-20-15-72-441327-222837-62946-2890-10212-8
Loss (Gain) on Equity Investments
23243334229632245-2-14,621-223
Stock-Based Compensation
267303299268267262272255257260248205222190189208-203195173
Other Operating Activities
1,209219220-661,005562-252205208208-7,176-628-658654309245--40-93614
Change in Accounts Receivable
-256-504-94180-167-1,043162328-501-920-240-117-447-700428-136--496176-171
Change in Inventory
30-95151-128-4455-16990-18-12833-33-185-361-46-129--42516598
Change in Accounts Payable
-184-53102-60-143-172555-109-142-409564-1847326144-121--143552-98
Change in Other Net Operating Assets
391-402-2,4411,072517-845-803515611-875-1,0941,257371-866-393640--1,103-306426
Operating Cash Flow
5,8823,6762,2646,5716,6643,6454,1936,2864,8752,2652,5475,3783,5762,9574,1114,721-1,6493,8844,925
Operating Cash Flow Growth (YoY)
-11.73%0.85%-46.01%4.53%36.70%60.93%64.63%16.88%36.33%-23.40%-38.04%13.92%-79.32%5.84%-4.14%--22.58%-3.02%56.05%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-321-346-609-354-331-254-558-321-260-227-406-261-225-168-306-221--257-460-351
Sale of Property, Plant & Equipment
265111104713711645141810220-337481
Cash Acquisitions
-2,743-12,041-1,159-93-1,664--426-58-3,293-241-6-3,445-100-10-2---823-358-64
Divestitures
62-2-9-64-11-41647-26-38-2216-13-58-21549
Sale (Purchase) of Intangibles
-437-461-296-425-227-1,240-536-455-448-929-3751,401-673-91-192-248--536-433-153
Investment in Securities
901,112-976-81,821-1,716451783535-3972481810,969-9165,751-10,9465,730-787
Other Investing Activities
218-3-23-1-3-3-81---738-208-93-84-148-112---5-7
Investing Cash Flow
-3,105-11,736-2,104-860-2,243330-3,033-374-3,207-899-1,760-2,212-1,05310,621-1,4675,198-9,3654,563-1,232

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Short-Term Debt Issued
208747--850556--5691,220---999---478--
Long-Term Debt Issued
1,98210,918-135---3,6702,473--------3--
Total Debt Issued
2,19011,6655,126135850556-243,6703,0421,220546--999-1,196--48116-
Short-Term Debt Repaid
----564----1,096----418-709---499----1,182
Long-Term Debt Repaid
-87-92--82-669-1,079--64-2,209-67--2,286-65-66--1,564--77--78
Total Debt Repaid
-87-92-1,843-646-669-1,079-82-1,160-2,209-6764-2,704-774-66-64-2,063--77-3,126-1,260
Net Debt Issued (Repaid)
2,10311,5733,283-511181-523-1062,5108331,153610-2,704-774933-1,260-2,063-404-3,110-1,260
Issuance of Common Stock
14-42201-525----159---94--
Repurchase of Common Stock
-1,199-1,875-1,480-2,302-2,714-2,716-2,762-2,854-1,616-1,099-1,256-1,625-2,957-2,886-2,678-2,718--2,542-148-284
Common Dividends Paid
-2,871-6,197---2,485-5,333---2,417-5,207----7,255----7,506--
Other Financing Activities
-6778-12422-21523-128-43-25-11393,49794-153-5643-22710
Financing Cash Flow
-2,0203,5791,683-2,789-5,213-8,548-2,996-382-3,200-5,164-607-832-3,637-9,202-3,994-4,738--9,528-3,251-1,534

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Foreign Exchange Rate Adjustments
-18-7736-22382180-314176-34-126160-166-1107141-80--41--65
Miscellaneous Cash Flow Adjustments
----------648-648--------
Net Cash Flow
739-4,5581,8792,900-410-4,393-2,1505,706-1,566-3,9249881,520-1,1154,483-1,2095,101-1,4455,1962,094

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
5,5613,3301,6556,2176,3333,3913,6355,9654,6152,0382,1415,1173,3512,7893,8054,500-1,3923,4244,574
Free Cash Flow Growth (YoY)
-12.19%-1.80%-54.47%4.23%37.23%66.39%69.78%16.57%37.72%-26.93%-43.73%13.71%-100.36%11.13%-1.62%--26.11%-1.72%58.98%
Free Cash Flow Margin
37.20%24.62%11.94%43.30%42.69%24.90%26.81%45.28%35.85%16.81%18.18%42.32%28.53%25.25%34.70%41.73%-10.86%25.32%34.22%
Free Cash Flow Per Share
2.901.740.863.213.231.711.812.942.260.991.042.471.601.321.762.06-0.621.522.03
Levered Free Cash Flow
2,0374,332-177.635,1902,1494,4223,7164,0671,6082,643-1,76212,493-179.381,6005,4493,152-618.257,6543,195
Unlevered Free Cash Flow
2,3264,54612.385,3662,3304,5913,8884,2321,7622,781-1,62612,631-44.381,7255,5783,281-743.887,7833,321

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash Interest Paid
339201211290248232214239255147238178220115212159-110206157
Cash Income Tax Paid
3987879813666755409242854735761,093426973295334260-633883315
Change in Working Capital
-19-1,054-2,2821,064163-2,005-255824-50-2,332-737923-188-1,901133254--2,167587255
SEC Filings: 10-K · 10-Q