Smurfit Westrock Plc (SW)
NYSE: SW · Real-Time Price · USD
40.85
-1.69 (-3.97%)
Oct 28, 2026, 9:32 AM EDT - Market open
Smurfit Westrock Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 473 | 699 | 319 | 825 | 1,034 | 802 |
Depreciation & Amortization | 2,759 | 2,550 | 1,464 | 580 | 564 | 554 |
Asset Writedown & Restructuring Costs | 112 | 246 | 24 | 5 | 121 | - |
Stock-Based Compensation | 101 | 139 | 206 | 66 | 68 | 82 |
Other Operating Activities | -289 | -313 | -181 | -76 | -37 | -81 |
Change in Accounts Receivable | -298 | 164 | -144 | 245 | -91 | -501 |
Change in Inventory | -6 | 35 | 62 | 220 | -209 | -297 |
Change in Accounts Payable | 282 | -23 | -273 | -260 | -33 | 585 |
Change in Income Taxes | -108 | -71 | -5 | -99 | 53 | -19 |
Change in Other Net Operating Assets | 12 | -34 | 11 | 53 | -37 | -43 |
Operating Cash Flow | 3,038 | 3,392 | 1,483 | 1,559 | 1,433 | 1,082 |
Operating Cash Flow Growth | 2.02% | 128.73% | -4.88% | 8.79% | 32.44% | -29.07% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Capital Expenditures | -2,186 | -2,192 | -1,466 | -929 | -930 | -715 |
Sale of Property, Plant & Equipment | 36 | 12 | 61 | 17 | 13 | 19 |
Cash Acquisitions | -21 | -6 | -719 | -29 | -108 | -521 |
Divestitures | - | - | - | - | - | 39 |
Other Investing Activities | 38 | 43 | 10 | 10 | 5 | 6 |
Investing Cash Flow | -2,133 | -2,143 | -2,114 | -931 | -1,020 | -1,172 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Short-Term Debt Issued | - | - | 1 | - | - | - |
Long-Term Debt Issued | - | 1,989 | 5,709 | 88 | 52 | 1,248 |
Total Debt Issued | 1,902 | 1,989 | 5,710 | 88 | 52 | 1,248 |
Short-Term Debt Repaid | - | -391 | - | - | - | - |
Long-Term Debt Repaid | - | -1,902 | -4,343 | -143 | -59 | -777 |
Lease Payments | - | - | - | - | - | -3 |
Total Debt Repaid | -1,946 | -2,293 | -4,343 | -143 | -59 | -777 |
Net Debt Issued (Repaid) | -44 | -304 | 1,367 | -55 | -7 | 471 |
Issuance of Common Stock | 14 | - | - | - | - | - |
Repurchase of Common Stock | -69 | -69 | -53 | -30 | -74 | -28 |
Common Dividends Paid | -937 | -900 | -650 | -391 | -349 | -365 |
Other Financing Activities | -28 | -25 | -57 | -3 | -1 | -2 |
Financing Cash Flow | -1,064 | -1,298 | 607 | -479 | -431 | 76 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Foreign Exchange Rate Adjustments | 31 | 86 | -121 | 10 | -126 | -107 |
Net Cash Flow | -128 | 37 | -145 | 159 | -144 | -121 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Free Cash Flow | 852 | 1,200 | 17 | 630 | 503 | 367 |
Free Cash Flow Growth | 6.50% | 6958.82% | -97.30% | 25.25% | 37.06% | -60.21% |
Free Cash Flow Margin | 2.71% | 3.85% | 0.08% | 5.21% | 3.72% | 3.08% |
Free Cash Flow Per Share | 1.62 | 2.28 | 0.04 | 2.42 | 1.93 | 1.41 |
Levered Free Cash Flow | 1,101 | 1,460 | -1,702 | 664.38 | 401.03 | 289.29 |
Unlevered Free Cash Flow | 1,622 | 1,985 | -1,374 | 770.63 | 493.53 | 394.29 |
Free Cash Flow After Leases | 852 | 1,200 | 17 | 630 | 503 | 364 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Cash Income Tax Paid | 521 | 521 | 383 | 439 | 338 | 283 |
Change in Working Capital | -118 | 71 | -349 | 159 | -317 | -275 |