For the year ending 2025-12-31, VTRS had $611,900K increase in cash & cash equivalents over the period. $1,937,100K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net (loss) earnings | -3,514,900 | -634,200 | 54,700 | 2,078,600 |
| Depreciation and amortization | 2,798,300 | 2,893,200 | 2,740,500 | 3,027,600 |
| Deferred income tax benefit | -476,500 | -767,600 | -387,100 | -25,900 |
| Litigation settlements and other contingencies, net | 40,200 | -274,500 | -86,800 | 1,700 |
| Loss from equity method investments | - | - | 0 | 0 |
| Loss on disposal of business | -101,000 | -399,500 | -239,900 | 1,754,100 |
| Share-based compensation expense | 177,700 | 146,100 | 180,700 | 116,400 |
| Acquired ipr&d | -50,800 | -12,300 | - | - |
| Impairment of goodwill | 2,936,800 | - | - | - |
| Other non-cash items | -969,300 | -297,700 | -595,400 | -434,300 |
| Accounts receivable | -334,600 | -300,100 | -78,600 | 240,300 |
| Inventories | 106,400 | 723,400 | 613,300 | 259,500 |
| Trade accounts payable | -168,000 | 36,000 | 314,700 | 170,200 |
| Income taxes | -112,900 | 219,300 | -76,700 | 25,300 |
| Other operating assets and liabilities, net | 633,700 | 150,600 | 414,600 | 618,300 |
| Net cash provided by operating activities | 2,315,900 | 2,302,900 | 2,799,600 | 2,952,600 |
| Cash paid for acquisitions, net of cash acquired | 0 | 350,000 | 667,700 | 0 |
| Capital expenditures | 378,800 | 326,000 | 377,000 | 406,000 |
| Payments for product rights and other, net | 35,500 | 20,800 | 97,500 | 37,000 |
| Proceeds from sale of property, plant and equipment | 34,900 | 2,700 | 14,000 | 13,800 |
| Purchases of ipr&d | -50,800 | -12,300 | - | - |
| Proceeds from sale of assets and subsidiaries | 2,500 | 2,507,100 | 364,100 | 1,950,000 |
| Purchase of marketable securities | 23,900 | 26,000 | 26,300 | 30,200 |
| Proceeds from the sale of marketable securities | 23,900 | 26,000 | 26,300 | 29,900 |
| Net cash (used in) provided by investing activities | -427,700 | 1,800,700 | -764,100 | 1,520,500 |
| Proceeds from issuance of long-term debt | 0 | 0 | 300 | 1,875,600 |
| Payments of long-term debt | 100 | 3,713,700 | 1,250,200 | 3,662,500 |
| Payments of financing fees | 1,500 | 4,800 | 500 | 1,900 |
| Change in short-term borrowings, net | 200 | 0 | 300 | -1,493,200 |
| Proceeds from exercise of stock options | - | - | - | 0 |
| Purchase of ordinary shares | 500,500 | 250,000 | 250,000 | - |
| Taxes paid related to net share settlement of equity awards | 30,200 | 53,300 | 38,200 | 17,300 |
| Contingent consideration payments | 13,100 | 31,500 | 8,400 | 18,900 |
| Cash dividends paid | 561,200 | 574,800 | 575,600 | 581,600 |
| Non-contingent payments for product rights | 0 | 0 | 9,700 | 0 |
| Issuance of common stock | 2,600 | 2,500 | 3,100 | 3,300 |
| Other items, net | -190,100 | 295,200 | -173,000 | 18,600 |
| Net cash used in financing activities | -1,293,900 | -4,330,400 | -2,301,900 | -3,877,900 |
| Effect on cash of changes in exchange rates | 17,600 | -30,700 | -2,500 | -38,900 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 611,900 | -257,500 | -268,900 | 556,300 |
| Cash, cash equivalents and restricted cash beginning of period | 736,100 | 993,600 | 1,262,500 | 706,200 |
| Cash, cash equivalents and restricted cash end of period | 1,348,000 | 736,100 | 993,600 | 1,262,500 |
Viatris Inc (VTRS)
Viatris Inc (VTRS)