Zimmer Biomet Holdings, Inc. (ZBH)
NYSE: ZBH · Real-Time Price · USD
100.98
+2.01 (2.03%)
At close: Aug 21, 2026, 4:00 PM EDT
100.57
-0.41 (-0.41%)
After-hours: Aug 21, 2026, 7:30 PM EDT
Zimmer Biomet Holdings 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 | 806.7 | 705.1 | 903.8 | 1,024 | 231.4 | 401.6 |
Depreciation & Amortization | 1,108 | 1,094 | 996.3 | 951.7 | 926.4 | 937.7 |
Asset Writedown & Restructuring Costs | - | - | - | - | 292.8 | 16.3 |
Loss (Gain) From Sale of Investments | - | - | - | - | 116.6 | - |
Stock-Based Compensation | 98.2 | 90.2 | 101 | 99.8 | 105 | 76 |
Other Operating Activities | -86.8 | -87.1 | -46.3 | -95.2 | -4.6 | 106.9 |
Change in Accounts Receivable | -132.7 | -127.3 | -89.7 | -51.9 | -184.7 | -40.8 |
Change in Inventory | 87 | 98.2 | 49.9 | -240.4 | -75.6 | -8.4 |
Change in Accounts Payable | -29.6 | 101.8 | -322 | -55.3 | 103 | 86.5 |
Change in Income Taxes | -114.7 | -166.6 | -158.6 | -73.8 | -152.9 | -123.9 |
Change in Other Net Operating Assets | 6.8 | -11 | 65 | 22.7 | -1.2 | -47.6 |
Operating Cash Flow | 1,743 | 1,697 | 1,499 | 1,582 | 1,285 | 1,499 |
Operating Cash Flow Growth | 4.83% | 13.18% | -5.20% | 23.11% | -14.31% | 24.47% |
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 | -543.2 | -525 | -444.1 | -602.8 | -446.2 | -417.2 |
Cash Acquisitions | -166.9 | -1,393 | -276.3 | -134.9 | -99.8 | - |
Sale (Purchase) of Intangibles | -121.2 | -52.4 | -153 | -103.4 | -29.7 | -8.4 |
Other Investing Activities | -3.8 | -5.1 | -14.7 | 62.2 | 46.5 | -78 |
Investing Cash Flow | -835.1 | -1,976 | -888.1 | -778.9 | -529.2 | -503.6 |
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 | - | 2,492 | 1,436 | 499.8 | 458 | 1,600 |
Total Debt Issued | 554 | 2,492 | 1,436 | 499.8 | 458 | 1,600 |
Long-Term Debt Repaid | - | -1,463 | -900 | -445.2 | -1,519 | -2,655 |
Total Debt Repaid | -600 | -1,463 | -900 | -445.2 | -1,519 | -2,655 |
Net Debt Issued (Repaid) | -46 | 1,029 | 536.3 | 54.6 | -1,061 | -1,055 |
Issuance of Common Stock | 35 | 39.7 | 82.1 | 101.1 | 78.1 | 122.5 |
Repurchase of Common Stock | -750.8 | -487 | -868 | -692.2 | -126.4 | - |
Common Dividends Paid | -188.4 | -190.3 | -196 | -200.9 | -201.2 | -200.1 |
Other Financing Activities | -103.3 | -65.5 | -38.9 | -26.1 | 466.4 | -173.4 |
Financing Cash Flow | -1,054 | 326 | -484.5 | -763.5 | -843.8 | -1,306 |
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 |
Foreign Exchange Rate Adjustments | -1.5 | 19 | -17.1 | 0.9 | -14.5 | -13.2 |
Net Cash Flow | -146.9 | 66.4 | 109.7 | 40.1 | -102.8 | -323.6 |
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 | 1,200 | 1,172 | 1,055 | 978.8 | 838.5 | 1,082 |
Free Cash Flow Growth | -3.14% | 11.07% | 7.82% | 16.73% | -22.50% | 29.80% |
Free Cash Flow Margin | 14.10% | 14.24% | 13.74% | 13.24% | 12.08% | 15.85% |
Free Cash Flow Per Share | 6.11 | 5.90 | 5.18 | 4.67 | 3.99 | 5.14 |
Levered Free Cash Flow | 1,091 | 1,352 | 1,061 | 1,125 | 1,654 | 891.55 |
Unlevered Free Cash Flow | 1,272 | 1,535 | 1,197 | 1,251 | 1,757 | 1,022 |
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 | 298.4 | 298.4 | 200.8 | 200.6 | 161.7 | 219 |
Cash Income Tax Paid | - | - | 328.5 | 215.2 | 326.6 | 258.4 |
Change in Working Capital | -183.2 | -104.9 | -455.4 | -398.7 | -311.4 | -134.2 |