On Holding AG (ONON)

On Holding AG Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	135.9	242.3	79.6	57.7	-170.2	-27.5
Depreciation & Amortization	110.8	98.6	59.4	41.2	26.5	12.1
Other Amortization	6	6	5.5	5.2	4.9	-
Loss (Gain) From Sale of Assets	0.9	0.7	0.6	0.9	-	-
Stock-Based Compensation	59.8	57.5	27.3	38.3	192.4	48.6
Other Operating Activities	119.6	-36.3	67.5	-16.9	29.7	7.8
Change in Accounts Receivable	-54.8	-30.1	-46.9	-78.6	-47	-13.5
Change in Inventory	-28.8	-27.8	-10	-273	-31.8	-61.3
Change in Accounts Payable	17.8	104	-44.3	65.8	4.3	25.6
Change in Other Net Operating Assets	49	95.7	93.4	-67.6	8.1	-6.5
Operating Cash Flow	416.2	510.6	232.1	-227	16.9	-14.7
Operating Cash Flow Growth	0.95%	119.99%	-	-	-	-
Capital Expenditures	-64.1	-60.5	-42.8	-60.3	-24.6	-11
Sale of Property, Plant & Equipment	0.2	0.1	-	-	-	-
Cash Acquisitions	-	-	-	-	-0.2	-
Sale (Purchase) of Intangibles	-4.4	-4.5	-4.4	-22.7	-11.6	-7.6
Other Investing Activities	-	-	0.1	0.1	-	-
Investing Cash Flow	-68.3	-64.9	-47.1	-82.9	-36.4	-18.6
Long-Term Debt Repaid	-	-51.3	-25.5	-15.4	-13.3	-6.4
Net Debt Issued (Repaid)	-62.3	-51.3	-25.5	-15.4	-13.3	-6.4
Issuance of Common Stock	13.6	11.1	10.1	26.4	618.8	133.3
Other Financing Activities	-17.9	-15.2	-6.4	-4.7	-9.6	-2.1
Financing Cash Flow	-66.6	-55.4	-21.8	6.3	595.9	124.8
Foreign Exchange Rate Adjustments	-87.1	39.4	-39.6	21.5	-13.9	-1
Net Cash Flow	194.2	429.7	123.6	-282.1	562.5	90.5
Free Cash Flow	352.1	450.1	189.3	-287.3	-7.7	-25.7
Free Cash Flow Growth	-3.48%	137.77%	-	-	-	-
Free Cash Flow Margin	12.95%	19.41%	10.56%	-23.51%	-1.06%	-6.04%
Free Cash Flow Per Share	1.06	1.37	0.59	-0.90	-0.03	-0.10
Cash Interest Paid	17.9	15.3	6.5	4.7	2.8	0.6
Cash Income Tax Paid	58.8	41.2	28.6	31	4.4	5.2
Levered Free Cash Flow	446.5	415.01	218.91	-284.5	107.56	-8.65
Unlevered Free Cash Flow	457.81	424.58	222.98	-281.88	109.06	-8.46
Change in Working Capital	-16.8	141.8	-7.8	-353.4	-66.4	-55.7

Updated Aug 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q