All values in millions of USD

Cash Flow Overview - 2025

Operating Activities

Net Income: $-31.1
Depreciation & Amortization: $445.7
Other Adjustments: $-399.4
Working Capital Changes: $-134.2
Net Cash from Operations: $3,152.2

Investing Activities

Capital Expenditures: $-1,214.1
Acquisitions: $215.5
Investments: -
Other Investing: $23.8
Net Cash from Investing: $-974.8

Financing Activities

Debt Issuance/Payments: $-957.0
Dividends Paid: $-731.8
Share Repurchases: $-1,123.8
Other Financing: $-88.3
Net Cash from Financing: $-2,261.8
Beginning Cash $152.4
Net Change in Cash $-84.4
FX Effect on Cash -
Ending Cash $68.1

Cash Flow Composition (Sankey)

All values in millions USD

Cash Flow Visualization

Cash Flow Statement

Item 2025 2024 2023 2022 2021
Operating Activities
Net Income $-31.1 $1,765.2 $-38.5 $1.0 -
Depreciation & Amortization $445.7 $427.9 $383.8 $337.3 -
Change in Working Capital $-134.2 $-287.8 $-274.5 $-185.6 -
Net Cash from Operating Activities $3,152.2 $2,780.0 $2,756.9 $2,705.4 -
Investing Activities
Capital Expenditures $-1,214.1 $-1,269.1 $-1,035.4 $-1,026.8 -
Acquisitions $215.5 $-36.7 $28.8 $-85.5 -
Change in Investments - $0.3 $0.0 $74.4 $0.0
Net Cash from Investing Activities $-974.8 $-1,285.9 $-999.4 $-1,035.8 -
Financing Activities
Debt Issuance (Repayment) $-957.0 $-809.7 $-2,159.7 $-1,365.3 -
Dividends Paid $-731.8 $-653.8 $-587.7 $-573.0 $-575.0
Stock Repurchase $-1,123.8 $-249.7 $-3,200.2 $-1,390.5 -
Net Cash from Financing Activities $-2,261.8 $-1,474.6 $-1,819.9 $-1,929.5 -
Cash Summary
Net Change in Cash $-84.4 $19.5 $-62.4 $-259.9 -
Beginning Cash Position $152.4 $133.5 $199.4 $460.6 -
FX Effect on Cash - - - - -
Ending Cash Position $68.1 $152.4 $133.5 $199.4 -