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	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	1,601	1,600	1,526	1,257	939.29	833.14
Depreciation & Amortization	684.69	661.94	666.78	662.31	546.23	455.99
Other Adjustments	210.46	176.49	116.58	155.15	64.01	153.16
Change in Receivables	28.15	-20.62	-94.03	-33.38	-48.4	1.77
Changes in Inventories	-121.68	-76.68	-157.53	-309.56	-153.89	-81.31
Changes in Accounts Payable	55.62	-59.13	7.67	43.28	103.98	72.57
Changes in Other Operating Activities	-92.29	67.8	-138.73	-58.61	-47.88	-152.59
Operating Cash Flow	2,366	2,349	1,927	1,717	1,403	1,283
Operating Cash Flow Growth	4.27%	21.94%	12.23%	22.32%	9.40%	53.03%
Capital Expenditures	-510.65	-485.21	-482.28	-381.76	-347.73	-352.32
Sale of Property, Plant & Equipment	0.39	0.4	2.04	2.46	0.58	4.41
Purchases of Intangible Assets	-461.6	-457.98	-506.87	-487.15	-456.89	-384.83
Purchases of Investments	-	-	-	-	-1.37	-
Payments for Business Acquisitions	-	-1.35	-	-	-	-
Investing Cash Flow	-972.76	-944.14	-987.11	-866.45	-805.41	-732.74
Long-Term Debt Issued	441.24	584.9	1,113	435.81	262.29	557.82
Long-Term Debt Repaid	-738.07	-932.58	-411.64	-751.07	-167.54	-745.14
Net Long-Term Debt Issued (Repaid)	-296.82	-347.67	701.03	-315.26	94.75	-187.32
Repurchase of Common Stock	-587.46	-785.33	-581.08	-460.63	-396.52	-230.9
Net Common Stock Issued (Repurchased)	-587.46	-785.33	-581.08	-460.63	-396.52	-230.9
Common Dividends Paid	-282.99	-534.16	-444.71	-333.52	-251.79	-161.46
Financing Cash Flow	-1,444	-1,667	-324.76	-1,109	-553.56	-579.67
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-6.51	-12.51	5.45	-7.7	0.38	11.42
Net Cash Flow	-57.41	-274.5	620.23	-266.92	44.76	-18.26
Free Cash Flow	1,855	1,864	1,444	1,335	1,056	930.41
Free Cash Flow Growth	-0.48%	29.06%	8.20%	26.46%	13.46%	93.36%
FCF Margin	25.75%	26.09%	21.63%	22.36%	20.72%	21.78%
Free Cash Flow Per Share	10.43	10.45	8.02	7.35	5.76	5.04
Levered Free Cash Flow	1,320	1,361	2,123	897.85	1,135	588.16
Unlevered Free Cash Flow	1,650	1,744	1,421	1,225	1,080	802.07

SEC Filings: 10-K · 10-Q