Novartis AG (NVS)
NYSE: NVS · Real-Time Price · USD
151.23
-2.14 (-1.40%)
Jul 14, 2026, 1:01 PM EDT - Market open
Novartis AG Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Net Income | 3,156 | 2,404 | 3,930 | 4,024 | 3,609 | 2,820 | 3,185 | 3,246 | 2,688 | 2,638 | 1,513 | 2,271 | 2,294 | 1,315 | 1,330 | 1,695 | 2,219 | 16,306 | 2,758 | 2,895 |
Depreciation & Amortization | 1,208 | 1,536 | 1,292 | 1,252 | 1,195 | 1,660 | 1,972 | 1,140 | - | 1,625 | - | 1,737 | 2,043 | - | 2,005 | - | 1,507 | 1,531 | 1,445 | - |
Stock-Based Compensation | 303 | 299 | 268 | 267 | 262 | 272 | 255 | 257 | - | 248 | - | 222 | 199 | - | 208 | - | 203 | 195 | 173 | - |
Other Adjustments | -204 | -388 | -255 | 679 | 347 | -564 | -166 | -6 | -931 | -1,580 | -716 | -768 | -75 | -759 | 285 | -947 | -269 | -15,324 | 140 | -793 |
Change in Receivables | -504 | -94 | 180 | -167 | -1,043 | 162 | 328 | -501 | - | -240 | - | -447 | -850 | - | -136 | - | -496 | - | -171 | - |
Changes in Inventories | -95 | 151 | -128 | -44 | 55 | -169 | 90 | -18 | - | 33 | - | -185 | -620 | - | -129 | - | -425 | - | 98 | - |
Changes in Accounts Payable | -53 | 102 | -60 | -143 | -172 | 555 | -109 | -142 | - | 564 | - | 73 | 87 | - | -121 | - | -143 | - | -98 | - |
Changes in Accrued Expenses | - | -1,145 | 952 | 624 | - | -470 | 783 | 1,004 | - | -700 | - | 605 | 56 | - | 706 | - | -584 | - | 643 | - |
Changes in Other Operating Activities | -922 | -2,188 | 1,728 | 614 | -2,376 | -68 | 988 | 133 | -1,989 | -425 | 1,178 | 64 | -1,681 | 456 | 574 | -54 | -2,374 | 1,176 | 346 | 130 |
Operating Cash Flow | 3,676 | 2,264 | 6,571 | 6,664 | 3,645 | 4,193 | 6,286 | 4,875 | 2,265 | 2,547 | 5,378 | 3,576 | 2,957 | 4,111 | 4,721 | 3,755 | 1,649 | 3,884 | 4,925 | 4,132 |
Operating Cash Flow Growth | 0.85% | -46.01% | 4.53% | 36.70% | 60.93% | 64.63% | 16.88% | 36.33% | -23.40% | -38.04% | 13.92% | -4.77% | 79.32% | 5.84% | -4.14% | -9.12% | -22.58% | -3.02% | 56.05% | 4.32% |
Capital Expenditures | -346 | -609 | -354 | -331 | -254 | -558 | -321 | -260 | -227 | -406 | -261 | -225 | -237 | -306 | -221 | -257 | -257 | -460 | -351 | -321 |
Sale of Property, Plant & Equipment | 5 | 1 | 1 | 1 | 10 | 47 | 1 | 37 | 1 | 164 | 51 | 4 | 32 | 102 | 20 | 13 | 33 | 74 | 81 | 19 |
Purchases of Intangible Assets | -461 | -408 | -477 | -227 | -1,240 | -573 | -478 | -468 | -929 | -377 | -422 | -673 | -233 | -192 | -251 | -326 | -602 | -517 | -188 | -276 |
Proceeds from Sale of Intangible Assets | - | 112 | 52 | - | - | 37 | 23 | 20 | - | 2 | 1,823 | - | 130 | - | 3 | 127 | 66 | 84 | 35 | 546 |
Purchases of Investments | -54 | -90 | -101 | -58 | -55 | -2,305 | -1,011 | -282 | -50 | -573 | -39 | -30 | -107 | -10,577 | -6,709 | -13,271 | -4,256 | -15,639 | -801 | -117 |
Proceeds from Sale of Investments | 1,166 | 72 | 179 | 50 | 1,876 | 581 | 1,475 | 1,077 | 569 | 179 | 290 | 50 | 11,078 | 9,663 | 12,461 | 2,147 | 15,220 | 689 | 3 | 249 |
Payments for Business Acquisitions | -12,041 | -1,159 | -93 | -1,675 | - | -426 | -58 | -3,319 | -279 | -8 | -3,443 | -84 | -39 | -7 | 8 | -59 | -821 | -343 | -15 | 0 |
Proceeds from Business Divestments | -2 | -9 | -64 | - | -4 | 164 | 7 | - | - | - | - | 16 | -13 | - | - | - | 2 | - | - | - |
Other Investing Activities | -3 | -14 | -3 | -3 | -3 | 0 | -12 | -12 | 16 | -741 | -211 | -95 | -3 | -150 | -113 | -2 | -18 | 20,676 | 0 | -3 |
Investing Cash Flow | -11,736 | -2,104 | -860 | -2,243 | 330 | -3,033 | -374 | -3,207 | -899 | -1,760 | -2,212 | -1,053 | 10,621 | -1,467 | 5,198 | -11,628 | 9,365 | 4,563 | -1,232 | 97 |
Short-Term Debt Issued | 747 | -837 | -564 | 850 | 556 | -24 | -807 | 569 | 1,220 | 674 | -418 | -709 | 1,022 | -1,196 | -499 | 1,477 | 478 | -2,350 | -1,182 | -2,293 |
Net Short-Term Debt Issued (Repaid) | 747 | -837 | -564 | 850 | 556 | -24 | -807 | 569 | 1,220 | 674 | -418 | -709 | 1,022 | -1,196 | -499 | 1,477 | 478 | -2,350 | -1,182 | -2,293 |
Long-Term Debt Issued | 10,918 | 5,963 | 135 | - | - | - | 3,670 | 2,473 | - | - | - | - | 2 | - | - | 3 | 3 | 16 | - | - |
Long-Term Debt Repaid | -19 | -1,770 | -9 | -603 | -1,010 | -10 | - | -2,150 | - | - | -2,223 | - | - | - | -1,500 | -1,075 | - | -696 | - | 0 |
Net Long-Term Debt Issued (Repaid) | 10,899 | 4,193 | 126 | -603 | -1,010 | -10 | 3,670 | 323 | - | - | -2,223 | - | 2 | - | -1,500 | -1,072 | 3 | -680 | - | 0 |
Issuance of Common Stock | - | 4 | 2 | 20 | 1 | - | 5 | 25 | - | -5 | -1 | - | 159 | - | - | 6 | 94 | - | - | 23 |
Repurchase of Common Stock | -1,875 | -1,480 | -2,302 | -2,714 | -2,716 | -2,762 | -2,854 | -1,616 | -1,099 | -1,251 | -1,625 | -2,957 | -2,886 | -2,678 | -2,718 | -2,714 | -2,542 | -148 | -284 | -703 |
Net Common Stock Issued (Repurchased) | -1,875 | -1,476 | -2,300 | -2,694 | -2,715 | -2,762 | -2,849 | -1,591 | -1,099 | -1,256 | -1,626 | -2,957 | -2,727 | -2,678 | -2,718 | -2,708 | -2,448 | -148 | -284 | -680 |
Common Dividends Paid | -6,197 | - | - | -2,485 | -5,333 | - | - | -2,417 | -5,207 | - | - | - | -7,255 | - | - | - | -7,506 | - | - | - |
Other Financing Activities | 5 | -197 | -51 | -281 | -46 | -200 | -396 | -84 | -78 | -25 | 3,435 | 29 | -244 | -120 | -21 | 1 | -55 | -74 | -64 | 34 |
Financing Cash Flow | 3,579 | 1,683 | -2,789 | -5,213 | -8,548 | -2,996 | -382 | -3,200 | -5,164 | -607 | -832 | -3,637 | -9,202 | -3,994 | -4,738 | -2,302 | -9,528 | -3,251 | -1,534 | -2,939 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -77 | 36 | -22 | 382 | 180 | -314 | 176 | -34 | -126 | 160 | -166 | -1 | 107 | 141 | -80 | -52 | -41 | 0 | -65 | 26 |
Net Cash Flow | -4,558 | 1,879 | 2,900 | -410 | -4,393 | -2,150 | 5,706 | -1,566 | -3,924 | 988 | 1,520 | -1,115 | 4,483 | -1,209 | 5,101 | -10,227 | 1,445 | 5,196 | 2,094 | 1,316 |
Free Cash Flow | 3,330 | 1,655 | 6,217 | 6,333 | 3,391 | 3,635 | 5,965 | 4,615 | 2,038 | 2,141 | 5,117 | 3,351 | 2,720 | 3,805 | 4,500 | 3,498 | 1,392 | 3,424 | 4,574 | 3,811 |
Free Cash Flow Growth | -1.80% | -54.47% | 4.23% | 37.23% | 66.39% | 69.78% | 16.57% | 37.72% | -25.07% | -43.73% | 13.71% | -4.20% | 95.40% | 11.13% | -1.62% | -8.21% | -26.11% | -1.72% | 58.98% | 2.36% |
FCF Margin | 24.62% | 11.94% | 43.30% | 42.69% | 24.90% | 26.81% | 45.29% | 35.85% | 16.82% | 18.18% | 42.32% | 28.53% | 24.62% | 34.70% | 41.73% | 26.73% | 10.86% | 25.32% | 34.22% | 28.67% |
Free Cash Flow Per Share | 1.74 | 0.86 | 3.20 | 3.23 | 1.71 | 1.81 | 2.94 | 2.26 | 0.99 | 1.04 | 2.47 | 1.60 | 1.28 | 1.77 | 2.06 | 1.58 | 0.62 | 1.52 | 2.03 | 1.69 |
Levered Free Cash Flow | 14,594 | 3,612 | 6,920 | 6,260 | 1,600 | 3,734 | 9,455 | 5,995 | 1,692 | 9,845 | 37 | 3,676 | 2,965 | 420 | 2,388 | 1,788 | 427 | 15,525 | 3,659 | 412 |
Unlevered Free Cash Flow | 3,274 | 548.33 | 7,646 | 6,292 | 2,267 | 3,980 | 6,816 | 5,249 | 681.61 | 3,557 | 2,635 | 4,453 | 1,882 | 1,621 | 4,344 | 1,538 | 95.15 | 4,712 | 4,844 | 2,682 |