United Therapeutics Corporation (UTHR)
NASDAQ: UTHR · Real-Time Price · USD
499.73
-1.54 (-0.31%)
Aug 14, 2026, 4:00 PM EDT - Market closed
United Therapeutics 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 | 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 | 1,311 | 1,335 | 1,195 | 984.8 | 727.3 | 475.8 |
Depreciation & Amortization | 91.5 | 85.6 | 72.5 | 53.2 | 51.3 | 49.9 |
Asset Writedown & Restructuring Costs | - | 21.7 | - | 3.6 | 11.2 | 132.6 |
Loss (Gain) From Sale of Investments | 38.9 | - | - | - | -5.4 | -90.3 |
Stock-Based Compensation | 155.4 | 147.7 | 144 | 39.1 | 106.8 | 138.5 |
Other Operating Activities | 181.7 | 78 | -88.4 | -69.3 | 52.5 | 65.9 |
Change in Accounts Receivable | 69 | -70.9 | -0.4 | -58.5 | -21.7 | -41.3 |
Change in Inventory | -91.8 | -52.6 | -46.9 | -13.6 | -13.4 | -7.5 |
Change in Accounts Payable | 37.7 | 97.9 | 42.7 | 57.1 | 44.5 | -12.5 |
Change in Other Net Operating Assets | -108.1 | -80.9 | 8.5 | -18.4 | -150.6 | -112.9 |
Operating Cash Flow | 1,685 | 1,561 | 1,327 | 978 | 802.5 | 598.2 |
Operating Cash Flow Growth | 22.89% | 17.64% | 35.70% | 21.87% | 34.15% | -20.84% |
Investing Activities
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 |
Capital Expenditures | -592.2 | -520.5 | -246.5 | -230.4 | -138.8 | -120.8 |
Cash Acquisitions | - | - | - | -89.2 | - | - |
Sale (Purchase) of Intangibles | -5.5 | -5.5 | - | - | - | - |
Investment in Securities | 1,349 | -14.9 | 692.2 | -377 | -676.2 | -366.1 |
Other Investing Activities | -7 | -10.4 | -28.5 | -23 | 3.5 | - |
Investing Cash Flow | 744.5 | -551.3 | 417.2 | -719.6 | -811.5 | -486.9 |
Financing Activities
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 |
Long-Term Debt Issued | - | 200 | - | - | 800 | - |
Long-Term Debt Repaid | - | -500 | -400 | -100 | -800 | - |
Net Debt Issued (Repaid) | - | -300 | -400 | -100 | - | - |
Issuance of Common Stock | 343.7 | 183.1 | 160.1 | 104.6 | 94.3 | 55.6 |
Repurchase of Common Stock | -2,560 | -1,022 | -1,012 | -13.8 | -11.4 | -10.8 |
Other Financing Activities | -3.4 | -11.5 | -2.7 | -2.7 | -7.5 | - |
Financing Cash Flow | -2,220 | -1,150 | -1,255 | -11.9 | 75.4 | 44.8 |
Net Cash Flow
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 Cash Flow | 210.1 | -140.1 | 489.5 | 246.5 | 66.4 | 156.1 |
Free Cash Flow
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 |
Free Cash Flow | 1,093 | 1,041 | 1,081 | 747.6 | 663.7 | 477.4 |
Free Cash Flow Growth | 2.05% | -3.69% | 44.54% | 12.64% | 39.02% | -31.45% |
Free Cash Flow Margin | 34.65% | 32.70% | 37.55% | 32.12% | 34.28% | 28.32% |
Free Cash Flow Per Share | 23.30 | 21.73 | 22.28 | 15.04 | 13.69 | 10.09 |
Levered Free Cash Flow | 557.14 | 583.2 | 834.08 | 613.49 | 506.28 | 406.69 |
Unlevered Free Cash Flow | 564.64 | 595.39 | 860.89 | 650.55 | 526.53 | 418.31 |
Additional Metrics
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 |
Cash Interest Paid | 7.7 | 13.5 | 40.2 | 56 | 29.1 | 16.2 |
Cash Income Tax Paid | 161.9 | 313.3 | 400.6 | 332.5 | 275.7 | 153.3 |
Change in Working Capital | -93.2 | -106.5 | 3.9 | -33.4 | -141.2 | -174.2 |