Smith & Nephew plc (SNN) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 | Q4'16 | Q2'16 |
|---|
| Cash from Operations | 888.43M | 399.57M | 749M | 238M | 495M | 113M | 261M | 207M | 514M | 363M | 862M | 73M | 717M | 451M | 634M | 297M | 739M | 351M | 580M | 538M |
| Operating CF Margin % | 27.84% | 13.37% | 25.11% | 8.42% | 17.58% | 4.13% | 9.98% | 7.96% | 19.67% | 13.97% | 34.14% | 3.59% | 27.03% | 18.15% | 25.73% | 12.17% | 30.42% | 15.03% | 24.78% | 23.11% |
| Operating CF Growth % | 18.62% | 67.89% | 51.31% | 110.62% | 89.66% | -45.41% | -49.22% | -42.98% | -40.37% | 397.26% | 20.22% | -83.81% | 13.09% | 51.85% | -14.21% | -15.38% | 27.41% | -34.76% | 7.41% | 9.8% |
| Net Income | 330.82M | 295.64M | 196.01M | 214M | 91M | 172M | 46M | 177M | 319M | 205M | 348M | 100M | 291M | 309M | 389M | 274M | 443M | 324M | 543M | 482M |
| Depreciation & Amortization | 298.88M | 275.46M | 388M | 192M | 192M | 286M | 196M | 309M | 228M | 294M | 230M | 271M | 205M | 248M | 156M | 228M | 178M | 219M | 236M | 428M |
| Stock-Based Compensation | 0 | 21M | 20M | 20M | 20M | 19M | 17M | 23M | 18M | 23M | 11M | 15M | 15M | 17M | 17M | 18M | 16M | 15M | 13M | 28M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 493M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -25.97M | -14.13M | 104.99M | -25M | 46M | -163M | 168M | 42M | 97M | -75M | -45M | -160M | 256M | 5M | 184M | -40M | 3M | -11M | -194M | -24M |
| Working Capital Changes | 284.7M | -157.41M | 40M | -163M | 146M | -201M | -166M | -344M | -148M | -84M | 318M | -153M | -50M | -128M | -112M | -183M | 99M | -196M | -18M | -376M |
| Change in Receivables | -125.97M | -49.44M | -37M | -44M | -49M | 3M | -103M | 0 | -81M | 0 | 209M | 0 | 30M | 0 | -108M | 0 | -40M | 0 | -74M | 0 |
| Change in Inventory | 208.49M | 0 | 77M | -119M | -178M | -204M | -407M | 0 | -151M | 0 | -45M | 0 | -204M | 0 | -152M | 0 | -17M | 0 | -47M | 0 |
| Change in Payables | 202.19M | -107.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -270.73M | -136.22M | -209M | -360M | -266M | -182M | -204M | -268M | -260M | -431M | -280M | -326M | -286M | -965M | -179M | -199M | -326M | -217M | 5M | -776M |
| Capital Expenditures | -293.76M | -140.25M | -209M | -172M | -260M | -167M | -185M | -173M | -233M | -175M | -255M | -188M | -255M | -153M | -169M | -178M | -130M | -178M | -146M | -348M |
| CapEx % of Revenue | 9.21% | 4.69% | 7.01% | 6.08% | 9.24% | 6.11% | 7.07% | 6.65% | 8.92% | 6.73% | 10.1% | 9.24% | 9.61% | 6.16% | 6.86% | 7.3% | 5.35% | 7.62% | 6.24% | 14.95% |
| Acquisitions | 25.03M | 4.04M | -46.25K | -186M | -6M | -15M | -16M | -97M | -26M | -259M | -31M | -139M | -32M | -837M | -9M | -20M | -127M | -32M | 0 | -428M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | -15M | -3M | 2M | -1M | 3M | 6M | 1M | 1M | 25M | -1M | -1M | -69M | -7M | 151M | 0 |
| Cash from Financing | -738.27M | -218.96M | -458M | 372M | -114M | -86M | -222M | -704M | -343M | -302M | 839M | 325M | -296M | 303M | -202M | -169M | -304M | -130M | -598M | 138M |
| Debt Issued (Net) | -100.33M | 14.13M | -304.83M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -492.15M | 1.01M | 562 | 0 | -1M | 0 | -25M | -133M | 0 | 0 | 0 | -16M | -20M | -43M | -16M | -32M | -17M | -35M | -321M | -94M |
| Dividends Paid | -126.95M | -203.82M | -125M | -202M | -126M | -201M | -125M | -202M | -126M | -203M | -126M | -202M | -126M | -192M | -123M | -198M | -107M | -162M | -109M | -340M |
| Share Repurchases | -503.17M | 0 | 0 | 0 | -1M | 0 | -25M | -133M | 0 | 0 | 0 | -16M | -20M | -43M | -16M | -32M | -17M | -35M | -321M | -94M |
| Other Financing | -18.84M | -30.27M | -28.03M | 574M | 13M | 115M | -72M | -369M | -217M | -99M | 965M | 543M | -150M | 538M | -63M | 61M | -180M | 67M | -168M | 572M |
| Net Change in Cash | -118.41M | 56.41M | -545M | 245M | -249M | -161M | -168M | -773M | -94M | -372M | 1.43B | 69M | 135M | -211M | 252M | -74M | 111M | 6M | -7.5M | -24.5M |
| Free Cash Flow | 594.67M | 259.32M | 540M | 66M | 235M | -54M | 76M | 34M | 281M | 188M | 607M | -115M | 462M | 298M | 465M | 119M | 609M | 173M | 434M | 190M |
| FCF Margin % | 18.64% | 8.68% | 18.1% | 2.33% | 8.35% | -1.98% | 2.91% | 1.31% | 10.75% | 7.23% | 24.04% | -5.65% | 17.41% | 11.99% | 18.87% | 4.88% | 25.07% | 7.41% | 18.54% | 8.16% |
| FCF Growth % | 10.12% | 292.91% | 129.79% | 222.22% | 209.21% | -258.82% | -72.95% | -81.91% | -53.71% | 263.48% | 31.39% | -138.59% | -0.65% | 150.42% | -23.65% | -31.21% | 40.32% | -8.95% | 9.05% | -42.25% |
| FCF per Share | 1.36 | 0.59 | 1.23 | 0.15 | 0.27 | -0.06 | 0.09 | 0.04 | 0.32 | 0.21 | 0.69 | -0.13 | 0.53 | 0.34 | 0.53 | 0.14 | 0.70 | 0.20 | 0.49 | 0.21 |
| FCF Conversion (FCF/Net Income) | 2.69x | 1.35x | 3.78x | 1.11x | 5.44x | 0.66x | 5.67x | 1.17x | 1.61x | 1.77x | 2.48x | 0.73x | 2.46x | 1.46x | 1.63x | 1.08x | 1.67x | 1.08x | 1.07x | 2.23x |
| Interest Paid | 0 | 0 | 75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |