Ferrari Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	1,639	1,600	1,526	1,257	939.29	833.14
Depreciation & Amortization	678.67	661.94	666.78	662.31	546.23	455.99
Other Adjustments	303.76	176.49	116.58	155.15	64.01	153.16
Change in Receivables	-50.63	-20.62	-94.03	-33.38	-48.4	1.77
Changes in Inventories	-144.57	-76.68	-157.53	-309.56	-153.89	-81.31
Changes in Accounts Payable	52.74	-59.13	7.67	43.28	103.98	72.57
Changes in Other Operating Activities	-71.3	67.8	-138.73	-58.61	-47.88	-152.59
Operating Cash Flow	2,407	2,349	1,927	1,717	1,403	1,283
Operating Cash Flow Growth	2.52%	21.94%	12.23%	22.32%	9.40%	53.03%
Capital Expenditures	-496.75	-485.21	-482.28	-381.76	-347.73	-352.32
Sale of Property, Plant & Equipment	0.98	0.4	2.04	2.46	0.58	4.41
Purchases of Intangible Assets	-472.38	-457.98	-506.87	-487.15	-456.89	-384.83
Purchases of Investments	-0.06	-	-	-	-1.37	-
Cash Acquisitions	-	-1.35	-	-	-	-
Investing Cash Flow	-969.1	-944.14	-987.11	-866.45	-805.41	-732.74
Long-Term Debt Issued	258.95	584.9	1,113	435.81	262.29	557.82
Long-Term Debt Repaid	-606.07	-932.58	-411.64	-751.07	-167.54	-745.14
Net Long-Term Debt Issued (Repaid)	-347.12	-347.67	701.03	-315.26	94.75	-187.32
Repurchase of Common Stock	-796.41	-785.33	-581.08	-460.63	-396.52	-230.9
Net Common Stock Issued (Repurchased)	-796.41	-785.33	-581.08	-460.63	-396.52	-230.9
Common Dividends Paid	-31.82	-534.16	-444.71	-333.52	-251.79	-161.46
Financing Cash Flow	-1,474	-1,667	-324.76	-1,109	-553.56	-579.67
Foreign Exchange Rate Adjustments	3.44	-12.51	5.45	-7.7	0.38	11.42
Net Cash Flow	-32.69	-274.5	620.23	-266.92	44.76	-18.26
Free Cash Flow	1,910	1,864	1,444	1,335	1,056	930.41
Free Cash Flow Growth	3.08%	29.06%	8.20%	26.46%	13.46%	93.36%
FCF Margin	25.98%	26.09%	21.63%	22.36%	20.72%	21.78%
Free Cash Flow Per Share	10.77	10.45	8.02	7.35	5.76	5.04
Levered Free Cash Flow	1,310	1,361	2,123	897.85	1,135	588.16
Unlevered Free Cash Flow	1,688	1,744	1,421	1,225	1,080	802.07

SEC Filings: 10-K · 10-Q