Ferrari N.V. (RACE)

Ferrari Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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	674.51	650.26	527.05	498.42	400.9	289.68
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	-556.34	-405.98	-549.2	-401.88	-384.77	-289.11
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	-280.76	-529.71	-439.92	-328.63	-249.52	-160.1
Other Financing Activities	-2.22	-4.45	-4.79	-4.89	-2.27	-1.35
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	855.99	886.78	1,712	554.58	797.87	451.64
Unlevered Free Cash Flow	1,186	1,270	1,010	881.62	742.69	665.54

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q