Cash Flow Statement

Operating Cash Flow

+59%

+45%

10Y

Currency: USD

	Dec-2003	Apr-2004	Jul-2004	Oct-2004	Dec-2004	Apr-2005	Jul-2005	Oct-2005	Dec-2005	Apr-2006	Jul-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Apr-2010	Jul-2010	Oct-2010	Dec-2010	Apr-2011	Jul-2011	Oct-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Jun-2018	Dec-2018	Jun-2019	Dec-2019	Jun-2020	Dec-2020	Jul-2021	Dec-2021	Jul-2022	Dec-2022	Jul-2023	Dec-2023	Jun-2024	Dec-2024	Jun-2025
Operating Cash Flow
Net Income	294	368	387	445	277	321	343	308	431	433	441	502	550	558	570	493	469	464	474	539	564	584	603	657	670	758	784	812	895	889	909	896	848	846	1 079	1 088	1 100	1 063	796	777	802	819	759	734	714	341	781	823	743	326	246	503	586	567	235	242	290	332	498	607
Depreciation & Amortization	128	95	92	90	155	136	147	185	180	181	184	160	166	175	185	208	228	254	266	268	275	277	284	282	298	302	295	299	273	278	288	299	297	304	309	309	312	322	336	347	361	387	396	417	427	228	427	455	502	525	562	585	567	582	617	605	683	659	645	645
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	14	0	0	0	23	0	0	0	24	0	0	0	0	0	0	0	0	0	0	0	30	0	0	0	34	0	0	0	28	0	0	0	32	18	35	34	32	30	26	0	41	64	40	36	39	40	40	41
Other Non-Cash Items	14	16	14	17	31	17	19	19	16	14	12	11	7	21	38	89	126	148	150	120	116	82	77	68	70	51	44	39	51	36	38	38	47	49	(201)	(208)	(204)	(205)	41	44	49	(5)	(1)	6	59	32	89	89	98	99	103	88	45	77	264	286	188	204	209	202
Cash Taxes Paid	85	88	76	73	69	76	101	104	113	122	115	130	144	149	192	216	225	226	210	199	186	206	237	248	270	262	242	240	235	252	281	290	285	279	278	272	278	275	272	267	265	241	249	233	245	95	125	98	150	113	(22)	5	97	26	47	123	125	133	140	180
Cash Interest Paid	24	0	0	0	17	0	0	0	18	0	0	0	9	0	0	0	40	0	0	0	68	0	0	0	43	0	0	0	20	23	0	0	12	14	15	0	8	10	11	13	10	14	15	22	36	26	54	52	56	53	61	78	80	75	73	79	104	130	140	150
Change in Working Capital	(166)	(160)	(166)	(222)	(82)	(127)	(163)	(167)	(360)	(353)	(324)	(381)	(351)	(349)	(397)	(371)	(385)	(423)	(418)	(385)	(389)	(385)	(434)	(421)	(319)	(282)	(216)	(242)	(360)	(337)	(351)	(363)	(350)	(415)	(355)	(310)	(306)	(240)	(322)	(370)	(345)	(435)	(401)	(455)	(517)	(304)	(366)	(282)	(175)	(160)	24	49	(321)	(505)	(648)	(759)	(553)	(462)	(365)	(309)
Cash from Operating Activities	270 N/A	318 +18%	328 +3%	330 +1%	380 +15%	348 -8%	345 -1%	346 +0%	267 -23%	275 +3%	313 +14%	291 -7%	372 +28%	405 +9%	396 -2%	419 +6%	438 +5%	443 +1%	472 +7%	542 +15%	566 +4%	558 -1%	530 -5%	586 +11%	719 +23%	829 +15%	907 +9%	908 +0%	859 -5%	866 +1%	884 +2%	870 -2%	842 -3%	784 -7%	832 +6%	879 +6%	902 +3%	940 +4%	851 -9%	798 -6%	867 +9%	766 -12%	753 -2%	702 -7%	683 -3%	297 -57%	931 +213%	1 085 +17%	1 168 +8%	790 -32%	935 +18%	1 225 +31%	877 -28%	721 -18%	468 -35%	374 -20%	608 +63%	733 +21%	987 +35%	1 145 +16%
Investing Cash Flow
Capital Expenditures	(120)	(154)	0	(278)	(187)	(235)	0	(265)	(202)	(260)	(332)	(234)	(231)	(211)	(206)	(185)	(200)	(223)	(229)	(259)	(292)	(273)	(289)	(291)	(318)	(350)	(320)	(329)	(315)	(314)	(315)	(307)	(321)	(306)	(318)	(308)	(265)	(262)	(276)	(293)	(340)	(350)	(360)	(382)	(375)	(178)	(347)	(322)	(408)	(443)	(443)	(430)	(408)	(406)	(358)	(352)	(427)	(432)	(381)	(348)
Other Items	82	96	27	45	(62)	(3)	(35)	(4)	2	541	654	469	463	(88)	(810)	(735)	(775)	(781)	(51)	(51)	(13)	134	137	133	112	(25)	(25)	(13)	8	0	(25)	(33)	(33)	0	93	93	(689)	0	(775)	(775)	(67)	0	(1 646)	(1 647)	(1 370)	(21)	(31)	(822)	(843)	(169)	(163)	(281)	(283)	(122)	(114)	(34)	(21)	(194)	(188)	4
Cash from Investing Activities	(38) N/A	(59) -55%	(93) -57%	(198) -114%	(249) -26%	(203) +18%	(222) -9%	(220) +1%	(200) +9%	330 N/A	322 -2%	236 -27%	232 -2%	(299) N/A	(1 016) -240%	(920) +9%	(975) -6%	(1 004) -3%	(280) +72%	(310) -11%	(305) +2%	(139) +54%	(152) -9%	(158) -4%	(206) -30%	(375) -82%	(345) +8%	(342) +1%	(307) +10%	(306) +0%	(340) -11%	(340) N/A	(354) -4%	(339) +4%	(225) +34%	(215) +4%	(954) -344%	(951) +0%	(1 051) -11%	(1 068) -2%	(407) +62%	(417) -2%	(2 006) -381%	(2 029) -1%	(1 745) +14%	(199) +89%	(378) -90%	(1 144) -203%	(1 251) -9%	(612) +51%	(606) +1%	(711) -17%	(691) +3%	(528) +24%	(472) +11%	(386) +18%	(448) -16%	(626) -40%	(569) +9%	(344) +40%
Financing Cash Flow
Net Issuance of Common Stock	12	17	13	11	7	5	13	13	20	21	16	16	16	(40)	(193)	(447)	(612)	(641)	(538)	(331)	(170)	(88)	(38)	9	17	25	23	21	18	18	20	21	18	24	29	61	83	83	8	(92)	(180)	(183)	(133)	(83)	(31)	(29)	(35)	(46)	(52)	(25)	(5)	14	14	(119)	(152)	(24)	0	0	1	1
Net Issuance of Debt	(164)	(181)	(168)	(222)	(111)	(106)	(95)	(63)	35	(225)	(242)	(233)	(293)	(18)	678	860	1 078	1 122	470	264	31	(183)	(190)	(243)	(354)	(236)	(226)	(181)	(420)	(489)	(581)	(614)	(392)	(322)	(492)	(419)	158	(2)	328	294	(78)	114	1 669	1 651	1 300	54	(7)	475	379	380	1 490	852	(326)	(609)	(450)	52	123	578	240	(344)
Cash Paid for Dividends	(74)	0	(81)	(54)	(86)	0	(90)	(89)	(91)	0	(92)	(93)	(96)	0	(102)	(102)	(105)	0	(108)	(108)	(109)	0	(115)	(115)	(120)	0	(127)	(127)	(132)	0	(141)	(141)	(146)	0	(155)	(155)	(186)	0	(235)	(235)	(239)	0	(245)	(245)	(250)	(198)	(321)	(315)	(318)	(328)	(328)	(329)	(329)	(328)	(327)	(326)	(327)	(328)	(327)	(327)
Other	0	20	43	57	73	58	36	12	(4)	(6)	(12)	(4)	(10)	(14)	(15)	(15)	(14)	(17)	(13)	(11)	5	8	10	5	(12)	(11)	(13)	(7)	(3)	(3)	2	(1)	(1)	1	2	(4)	(1)	(1)	(5)	4	(1)	(1)	0	(1)	(11)	4	(8)	(13)	(2)	2	7	0	(4)	9	3	(10)	4	8	0	(5)
Cash from Financing Activities	(226) N/A	(217) +4%	(194) +11%	(208) -7%	(117) +44%	(130) -12%	(136) -4%	(126) +8%	(40) +68%	(301) -653%	(329) -9%	(313) +5%	(383) -22%	(168) +56%	368 N/A	296 -20%	347 +17%	359 +3%	(189) N/A	(186) +2%	(243) -31%	(372) -53%	(333) +10%	(344) -3%	(469) -36%	(342) +27%	(343) 0%	(294) +14%	(537) -83%	(606) -13%	(700) -16%	(735) -5%	(521) +29%	(443) +15%	(616) -39%	(517) +16%	54 N/A	(106) N/A	96 N/A	(29) N/A	(498) -1 617%	(309) +38%	1 291 N/A	1 322 +2%	1 008 -24%	(169) N/A	(371) -120%	101 N/A	7 -93%	29 +314%	1 164 +3 914%	537 -54%	(645) N/A	(1 047) -62%	(926) +12%	(308) +67%	(200) +35%	258 N/A	(86) N/A	(675) -685%
Change in Cash
Effect of Foreign Exchange Rates	0	43	(7)	(7)	0	2	2	1	0	7	4	4	5	(1)	3	7	8	14	12	4	(5)	(15)	(7)	5	8	8	(5)	8	6	12	24	(8)	(1)	1	(10)	5	4	(2)	0	(4)	(3)	(1)	2	(3)	(7)	(3)	(4)	(1)	0	(3)	1	2	(7)	(13)	(11)	(9)	(4)	(3)	(15)	2
Net Change in Cash	6 N/A	85 +1 297%	34 -60%	(82) N/A	14 N/A	16 +16%	(11) N/A	1 N/A	27 +3 800%	311 +1 038%	310 0%	217 -30%	226 +4%	(63) N/A	(249) -295%	(198) +20%	(182) +8%	(188) -3%	15 N/A	50 +233%	13 -74%	32 +146%	38 +19%	89 +134%	52 -42%	120 +131%	214 +78%	280 +31%	21 -93%	(34) N/A	(132) -288%	(213) -61%	(34) +84%	3 N/A	(19) N/A	152 N/A	6 -96%	(119) N/A	(104) +13%	(303) -191%	(41) +86%	39 N/A	40 +3%	(8) N/A	(61) -663%	(74) -21%	178 N/A	41 -77%	(76) N/A	204 N/A	1 494 +632%	1 053 -30%	(466) N/A	(867) -86%	(941) -9%	(329) +65%	(44) +87%	362 N/A	317 -12%	128 -60%
Free Cash Flow
Free Cash Flow	150 N/A	164 +9%	328 +100%	52 -84%	193 +270%	112 -42%	345 +207%	81 -77%	66 -19%	16 -76%	(18) N/A	57 N/A	141 +147%	194 +38%	190 -2%	234 +23%	238 +2%	220 -8%	243 +10%	283 +16%	274 -3%	285 +4%	241 -15%	295 +22%	401 +36%	479 +19%	587 +23%	579 -1%	544 -6%	552 +1%	569 +3%	563 -1%	521 -7%	478 -8%	514 +8%	571 +11%	637 +12%	678 +6%	575 -15%	505 -12%	527 +4%	416 -21%	393 -6%	320 -19%	308 -4%	119 -61%	584 +391%	763 +31%	760 0%	347 -54%	492 +42%	795 +62%	469 -41%	315 -33%	110 -65%	22 -80%	181 +723%	301 +66%	606 +101%	797 +32%

Income Statement Balance Sheet Cash Flow Statement

Smith & Nephew PLC
LSE:SN

Cash Flow Statement

Cash Flow Statement
Smith & Nephew PLC

See Also

Company

Help

Tools

Stocks

Smith & Nephew PLC LSE:SN

Cash Flow Statement

Cash Flow Statement Smith & Nephew PLC

See Also

Company

Help

Tools

Stocks

Smith & Nephew PLC
LSE:SN

Cash Flow Statement
Smith & Nephew PLC