Sanofi (SNY) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q1'21 |
|---|
| Cash from Operations | 3.44B | 3.75B | 0 | 2.09B | 0 | 0 | 1.42B | 0 | 6.7B | 0 | 3.56B | 0 | 6.7B | 0 | 3.83B | 0 | 5.77B | 0 | 4.75B | 0 |
| Operating CF Margin % | 28.23% | 28.47% | - | 19.73% | - | - | 12.5% | - | 54.87% | - | 33.36% | - | 58.49% | - | 35.61% | - | 55.38% | - | 52.56% | - |
| Operating CF Growth % | - | - | -100% | - | -100% | - | -60.06% | - | -0.09% | - | -6.85% | - | 16.18% | - | -19.54% | - | 63.72% | - | 21.09% | - |
| Net Income | -801M | 2.8B | 3.94B | 1.87B | 683M | 2.81B | 1.11B | 1.13B | 1.97B | 2.52B | 3.43B | 2B | 5.19B | 2.08B | 3.18B | 2.01B | 3.45B | 2.32B | 2.78B | 1.57B |
| Depreciation & Amortization | 1.97B | -331M | 0 | 0 | 0 | 0 | 1.46B | 0 | 2.99B | 0 | 1.86B | 0 | 1.61B | 0 | 1.83B | 0 | 1.63B | 0 | 1.73B | 0 |
| Stock-Based Compensation | 0 | 0 | 171M | 0 | 0 | 0 | 173M | 0 | 283M | 0 | 160M | 0 | 245M | 0 | 144M | 0 | 244M | 0 | 134M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | -780M | 0 | 0 | 0 | -446M | 0 | -174M | 0 | -404M | 0 | -222M | 0 | -134M | 0 |
| Other Non-Cash Items | 2.27B | 479M | -4.11B | 2.09B | -683M | -2.81B | 2.1B | -1.13B | -132M | -2.52B | 4.15B | -2B | 3.22B | -2.08B | 4.91B | -2.01B | 2.86B | -2.32B | 3.47B | -1.57B |
| Working Capital Changes | 0 | 800M | 0 | 0 | 0 | 0 | -2.64B | 0 | 1.58B | 0 | -819M | 0 | 335M | 0 | -1.04B | 0 | 874M | 0 | 535M | 0 |
| Change in Receivables | 0 | 785M | 0 | 0 | 0 | 0 | 0 | 0 | -182M | 0 | -215M | 0 | -795M | 0 | 18M | 0 | -566M | 0 | 751M | 0 |
| Change in Inventory | 0 | 635M | 0 | 0 | 0 | 0 | 0 | 0 | 334M | 0 | -1.17B | 0 | 195M | 0 | -1.12B | 0 | 464M | 0 | -821M | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 82M | 0 | -95M | 0 | 497M | 0 | 341M | 0 | 111M | 0 | 540M | 0 | -89M | 0 |
| Cash from Investing | -2.13B | -9.04B | 0 | -776M | 0 | 0 | -3.41B | 0 | -3.13B | 0 | -3.08B | 0 | -616M | 0 | -1.46B | 0 | -4.96B | 0 | -2.34B | 0 |
| Capital Expenditures | -1.86B | 845M | 0 | 0 | 0 | 0 | -1.93B | 0 | -2.11B | 0 | -1.15B | 0 | -1.2B | 0 | -1.02B | 0 | -1.09B | 0 | -1.02B | 0 |
| CapEx % of Revenue | 15.22% | 6.42% | - | - | - | - | 16.93% | - | 17.28% | - | 10.72% | - | 10.47% | - | 9.47% | - | 10.49% | - | 11.25% | - |
| Acquisitions | 0 | 538M | 0 | 0 | 0 | 0 | 0 | 0 | 437M | 0 | 575M | 0 | 1.06B | 0 | -433M | 0 | -3.65B | 0 | -1.22B | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -273M | -10.43B | 0 | -776M | 0 | 0 | 607M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29M | 0 | -29M | 0 |
| Cash from Financing | -2.57B | -1.15B | 0 | -592M | 0 | 0 | 89M | 0 | -2.84B | 0 | -5.21B | 0 | -216M | 0 | -5.61B | 0 | -440M | 0 | -6.62B | 0 |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 5.25B | 0 | -2.62B | 0 | -249M | 0 | -43M | 0 | -911M | 0 | -310M | 0 | -2.34B | 0 |
| Equity Issued (Net) | 0 | -29M | 0 | 0 | 0 | 0 | -281M | 0 | -66M | 0 | -332M | 0 | 0 | 0 | -320M | 0 | -79M | 0 | -117M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | -4.7B | 0 | 0 | 0 | -4.45B | 0 | 0 | 0 | -4.17B | 0 | 0 | 0 | -4.01B | 0 |
| Share Repurchases | 0 | -29M | 0 | 0 | 0 | 0 | -302M | 0 | -230M | 0 | -363M | 0 | -137M | 0 | -360M | 0 | -242M | 0 | -140M | 0 |
| Other Financing | -2.57B | -1.12B | 0 | -592M | 0 | 0 | -175M | 0 | -150M | 0 | -176M | 0 | -184M | 0 | -206M | 0 | -51M | 0 | -147M | 0 |
| Net Change in Cash | -1.25B | 8.91B | 0 | 550M | 0 | 0 | -1.92B | 0 | 717M | 0 | -4.74B | 0 | 5.84B | 0 | -3.2B | 0 | 376M | 0 | -4.19B | 0 |
| Free Cash Flow | 1.59B | 4.59B | 0 | 2.09B | 0 | 0 | -504M | 0 | 4.59B | 0 | 2.42B | 0 | 5.5B | 0 | 2.81B | 0 | 4.67B | 0 | 3.74B | 0 |
| FCF Margin % | 13% | 34.89% | - | 19.73% | - | - | -4.43% | - | 37.6% | - | 22.64% | - | 48.02% | - | 26.14% | - | 44.89% | - | 41.3% | - |
| FCF Growth % | - | - | 100% | - | -100% | - | -120.84% | - | -16.62% | - | -13.89% | - | 17.67% | - | -24.84% | - | 136.35% | - | 15.17% | - |
| FCF per Share | 0.65 | 1.86 | - | 0.85 | - | - | -0.20 | - | 1.83 | - | 0.97 | - | 2.19 | - | 1.12 | - | 1.86 | - | 1.49 | - |
| FCF Conversion (FCF/Net Income) | -4.30x | 1.34x | - | 1.12x | - | - | 1.28x | - | -12.06x | - | 2.48x | - | 2.15x | - | 3.26x | - | 5.10x | - | 3.93x | - |
| Interest Paid | 0 | 0 | 0 | 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 |