Zimmer Biomet Holdings, Inc. (ZBH)

Zimmer Biomet Holdings Cash Flow Statement

Financials in millions USD. 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	760.8	705.1	905.2	1,025	291.2	445.5
Depreciation & Amortization	1,109	1,094	996.3	951.7	926.4	937.7
Stock-Based Compensation	94.8	90.2	101	99.8	105	76
Other Adjustments	-	-87.2	-47.7	-96.3	345	79.3
Change in Receivables	-94	-127.3	-89.7	-51.9	-184.7	-40.8
Changes in Inventories	80.3	98.2	49.9	-240.4	-75.6	-8.4
Changes in Accounts Payable	-44.8	101.8	-322	-55.3	103	86.5
Changes in Income Taxes Payable	-158.4	-166.6	-158.6	-73.8	-152.9	-123.9
Changes in Other Operating Activities	12.6	-11	65	22.7	-72.7	47.3
Operating Cash Flow	1,674	1,697	1,499	1,582	1,356	1,404
Operating Cash Flow Growth	1.18%	13.18%	-5.20%	16.62%	-3.43%	30.56%
Capital Expenditures	-459.9	-525	-444.1	-602.8	-446.2	-417.2
Purchases of Intangible Assets	-89	-52.4	-153	-103.4	-29.7	-8.4
Payments for Business Acquisitions	-780.05	-1,393	-276.3	-134.9	-99.8	-
Other Investing Activities	-12.2	-5	-14.8	62.2	46.5	-78
Investing Cash Flow	-2,029	-1,976	-888.1	-778.9	-522	-443.3
Long-Term Debt Issued	744	2,492	1,436	499.8	83	1,600
Long-Term Debt Repaid	-600	-1,463	-850	-120.2	-1,519	-2,655
Net Long-Term Debt Issued (Repaid)	144	1,029	586.3	379.6	-1,436	-1,055
Issuance of Common Stock	35.3	39.7	82.1	101.1	78.1	122.5
Repurchase of Common Stock	-507.3	-487	-868	-692.2	-126.4	-
Net Common Stock Issued (Repurchased)	-472	-447.3	-785.9	-591.1	-48.3	122.5
Common Dividends Paid	-189.4	-190.3	-196	-200.9	-201.2	-200.1
Other Financing Activities	-101.3	-65.4	-88.9	-351.2	841.4	-173.4
Financing Cash Flow	-618.6	326	-484.5	-763.5	-775.7	-1,306
Effect of Exchange Rate Changes on Cash and Cash Equivalents	13.1	19	-17.1	0.9	-14.5	-13.2
Net Cash Flow	-960.4	66.4	109.7	40.1	-146.8	34.6
Free Cash Flow	1,214	1,172	1,055	978.8	910	987.1
Free Cash Flow Growth	3.56%	11.07%	7.82%	7.56%	-7.81%	40.07%
FCF Margin	14.43%	14.24%	13.74%	13.24%	13.11%	14.46%
Free Cash Flow Per Share	6.14	5.90	5.18	4.67	4.33	4.69
Levered Free Cash Flow	1,444	2,325	1,677	1,406	-922.3	-131.4
Unlevered Free Cash Flow	1,532	1,523	1,309	1,229	784.51	1,290

Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q