Alvotech (ALVO) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -60.43M | -62.91M | -55.58M | 55.74M | 12.55M | -39.2M | -71.64M | -50.6M | -75.4M | -67.16M | -117.02M | -41.87M | -86.13M | -64.38M | -106.86M | -103.57M | -37.58M | -70.76M | -72.68M | -42.37M |
| Operating CF Margin % | -57.08% | -37.82% | -48.77% | 32.18% | 9.45% | -25.93% | -69.63% | -25.46% | -204.61% | -125.8% | -657.82% | -947.95% | -542.93% | -269.83% | -560.85% | -261.12% | -8314.6% | -203.54% | - | -3596.52% |
| Operating CF Growth % | -581.54% | -60.48% | 22.43% | 210.17% | 116.64% | 41.63% | 38.78% | -20.84% | 12.46% | -4.33% | -9.51% | 59.57% | -129.18% | 9.02% | -47.03% | -144.47% | 11.29% | -22300.56% | -291.29% | -128.1% |
| Net Income | 1.03M | -108.55M | -5.25M | 32.04M | 109.68M | -66.97M | -11.39M | 65.22M | -218.73M | -276.56M | -188.32M | 189.33M | -276.18M | -320.51M | -8.6M | -107.49M | -76.98M | 253.76M | -81.31M | -136.97M |
| Depreciation & Amortization | 10.29M | 10.41M | 10.28M | 8.9M | 8.26M | 8.15M | 8.4M | 7.56M | 7.19M | 6.72M | 6.15M | 6.09M | 4.84M | 5.33M | 5.11M | 5.29M | 4.69M | 4.59M | 4.68M | 5.25M |
| Stock-Based Compensation | 0 | 16.07M | 0 | 0 | 1.31M | -255K | 0 | 2.47M | 2.83M | 2.83M | 3.29M | 5.46M | 0 | 10.32M | 0 | 0 | 1.82M | 0 | 0 | 30.6M |
| Deferred Taxes | 0 | 124.69M | 0 | 0 | -16.26M | 22.53M | 0 | 11.57M | -6.44M | -32.24M | 0 | 0 | -29.38M | -23.3M | 2.3M | 1.09M | 0 | 261K | -22.04M | 0 |
| Other Non-Cash Items | -21.14M | -25.66M | -1.47M | -10.02M | -86.99M | 56.55M | 19.62M | -23.31M | 166.81M | 218.16M | 99.05M | -260.46M | 232.29M | 240.65M | -56.89M | 49.33M | 14.29M | -287.32M | 25.81M | 57.09M |
| Working Capital Changes | -50.61M | -79.88M | -59.13M | 24.82M | -3.45M | -59.21M | -88.27M | -114.11M | -27.06M | 13.92M | -37.19M | 17.71M | -17.71M | 23.14M | -48.78M | -51.78M | 18.6M | -42.04M | 182K | 1.68M |
| Change in Receivables | 19.74M | -77.23M | 5.92M | 37.51M | 27.47M | -77.2M | -7.63M | -85.08M | 5.53M | -38.77M | -4.82M | 14.03M | 3.85M | -8.95M | -7.54M | -24.2M | 27.89M | -29.6M | 732K | 7.67M |
| Change in Inventory | -11.02M | -4.26M | -53.03M | -17.97M | -14.87M | -2.92M | -31.84M | -2.78M | -12.42M | -779K | -2.63M | -4.13M | -3.77M | -4.01M | -12.79M | -4.91M | -10.69M | -17.42M | -1.72M | -5.14M |
| Change in Payables | -34.34M | -42.47M | 11.25M | 10.03M | 0 | 0 | -6.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -46.2M | -15.77M | -39.45M | -28.6M | -20.39M | -31.05M | 22.75M | -7.09M | -3.48M | -10.46M | -10.65M | -11.35M | -13.88M | -10.47M | -11.56M | -28.31M | -13.19M | -30.73M | -2.93M | -3.49M |
| Capital Expenditures | -7.14M | 15.71M | -28.39M | -28.6M | -23.19M | -29.57M | -14.25M | -6.2M | -4.07M | -3.79M | -6.85M | -11.27M | -11.33M | -8.94M | -11.28M | -4.81M | -12.85M | -13.59M | -270K | -3.3M |
| CapEx % of Revenue | 6.75% | 9.44% | 24.91% | 16.51% | 17.46% | 19.56% | 13.85% | 3.12% | 11.04% | 7.11% | 38.48% | 255.08% | 71.4% | 37.46% | 59.21% | 12.14% | 2842.04% | 39.08% | - | 280.39% |
| Acquisitions | 0 | -2.98M | -14.04M | 0 | 2.98M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -39.05M | 183K | 0 | 0 | -183K | -1.48M | 26.13M | -887K | 589K | -6.67M | -3.81M | -83K | -2.55M | -1.53M | -282K | -23.5M | -348K | -17.15M | -2.66M | -183K |
| Cash from Financing | -967K | 206.77M | -13.24M | 83.15M | -5.84M | 4.3M | 155.83M | 4M | 133.18M | 20.66M | 136.2M | -2.73M | 147.19M | 128.37M | 3M | 239.17M | 54.36M | 115.27M | 37.56M | 51M |
| Debt Issued (Net) | 1.29M | 211.13M | -13.24M | 7.07M | -5.84M | 4.3M | 160.06M | -8.41M | -3.97M | 29.66M | 136.18M | -2.73M | 8.08M | 128.37M | 3M | 59.98M | 4.36M | -3.73M | -2.44M | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 78.72M | 0 | 0 | 2K | 12.4M | 138.05M | 2K | 0 | -2K | 136.88M | -9.8M | 0 | 0 | 0 | 119.01M | 40M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2K | 0 | -9.8M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -2.25M | -4.36M | 0 | -2.65M | 0 | 0 | -4.24M | 7K | -902K | -9M | 25K | 0 | 2.22M | 9.8M | 0 | 179.2M | 50M | 0 | 0 | 51M |
| Net Change in Cash | -108.53M | 129.51M | -108.6M | 112.91M | -12.88M | -66.85M | 107.33M | -53.87M | 53.65M | -57.16M | 7.85M | -55.38M | 49.42M | 53.58M | -115.59M | 107.31M | 3.57M | 13.57M | -38M | 41.99M |
| Free Cash Flow | -106.62M | -71.47M | -74.5M | 42.12M | -10.82M | -70.25M | -85.46M | -57.69M | -80.02M | -77.63M | -123.87M | -53.14M | -100.01M | -74.84M | -118.42M | -117.35M | -50.43M | -101.49M | -75.61M | -45.67M |
| FCF Margin % | -100.72% | -42.96% | -65.38% | 24.32% | -8.15% | -46.46% | -83.06% | -29.02% | -217.13% | -145.39% | -696.31% | -1203.03% | -630.4% | -313.71% | -621.54% | -295.84% | -11156.64% | -291.95% | - | -3876.91% |
| FCF Growth % | -885.34% | -1.73% | 12.82% | 173.02% | 86.48% | 9.5% | 31.01% | -8.56% | 19.99% | -3.72% | -4.6% | 54.72% | -98.31% | 26.26% | -56.63% | -156.95% | -10.42% | -32029.92% | -250.52% | -111.74% |
| FCF per Share | -0.32 | -0.26 | -0.25 | 0.13 | -0.03 | -0.23 | -0.30 | -0.22 | -0.30 | -0.29 | -0.46 | -0.23 | -0.38 | -0.30 | -0.60 | -0.59 | -0.21 | -3.25 | -2.42 | -1.46 |
| FCF Conversion (FCF/Net Income) | -58.67x | 0.58x | 10.65x | 1.74x | 0.11x | 0.59x | 6.29x | -0.78x | 0.34x | 0.24x | 0.62x | -0.22x | 0.31x | 0.20x | 12.42x | 0.96x | 0.49x | -0.28x | 0.89x | 0.31x |
| Interest Paid | 0 | 58.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.16M | 27.58M | 0 | 0 | 0 | 0 | 1.62M | 0 | 0 | 10.79M |
| Taxes Paid | 0 | 780K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |