Smurfit Westrock Cash Flow Statement

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

Millions USD. 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	380	699	319	826	1,035	-
Depreciation & Amortization	2,675	2,550	1,464	580	564	-
Stock-Based Compensation	124	139	206	66	68	-
Other Adjustments	-46	-67	-157	-72	83	-
Change in Receivables	108	164	-144	245	-91	-
Changes in Inventories	198	35	62	220	-209	-
Changes in Accounts Payable	50	-23	-273	-260	-33	-
Changes in Accrued Expenses	-76	-32	42	10	79	-
Changes in Income Taxes Payable	-49	-71	-5	-99	53	-
Changes in Other Operating Activities	-3	-2	-31	43	-116	-
Operating Cash Flow	3,361	3,392	1,483	1,559	1,433	-
Operating Cash Flow Growth	100.54%	128.73%	-4.88%	8.79%	-	-
Capital Expenditures	-2,339	-2,192	-1,466	-929	-930	-
Sale of Property, Plant & Equipment	-	12	61	17	13	-
Proceeds from Sale of Investments	-	26	5	-	-	-
Payments for Business Acquisitions	-20	-6	-720	-29	-108	-
Other Investing Activities	15	17	6	10	5	-
Investing Cash Flow	-2,294	-2,143	-2,114	-931	-1,020	-
Short-Term Debt Issued	-130	-391	1	-	-	-
Net Short-Term Debt Issued (Repaid)	-130	-391	1	-	-	-
Long-Term Debt Issued	1,742	1,971	5,709	84	52	-
Long-Term Debt Repaid	-1,855	-1,884	-4,343	-139	-59	-
Net Long-Term Debt Issued (Repaid)	-113	87	1,366	-55	-7	-
Issuance of Common Stock	14	-	-	-	-	-
Repurchase of Common Stock	-	-	-27	-30	-74	-
Net Common Stock Issued (Repurchased)	14	-	-27	-30	-74	-
Common Dividends Paid	-912	-900	-650	-391	-349	-
Other Financing Activities	-111	-94	-83	-3	-1	-
Financing Cash Flow	-1,240	-1,298	607	-479	-431	-
Effect of Exchange Rate Changes on Cash and Cash Equivalents	50	86	-121	10	-126	-0
Net Cash Flow	-123	37	-145	159	-144	-0
Free Cash Flow	1,022	1,200	17	630	503	0
Free Cash Flow Growth	-14.83%	6958.82%	-97.30%	25.25%	-	-
FCF Margin	3.27%	3.85%	0.08%	5.21%	3.72%	-
Free Cash Flow Per Share	1.94	2.28	0.04	2.42	1.93	-
Levered Free Cash Flow	593	660	1,479	335	435	0
Unlevered Free Cash Flow	1,282	1,518	366.63	560.85	538.81	0

SEC Filings: 10-K · 10-Q