Smurfit Westrock plc
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | $699.0M | $319.0M | $825.0M | $1.03B |
| Depreciation & Amortization | $2.55B | $1.46B | $580.0M | $564.0M |
| Depreciation | — | — | — | — |
| Amortization | $148.0M | $101.0M | $52.0M | $52.0M |
| Stock-Based Compensation | $139.0M | $206.0M | $66.0M | $68.0M |
| Net Cash from Operating Activities | $3.39B | $1.48B | $1.56B | $1.43B |
| Investing Activities | ||||
| Capital Expenditures | $2.19B | $1.47B | $929.0M | $930.0M |
| Business Acquisitions | $6.0M | $719.0M | $29.0M | $93.0M |
| Net Cash from Investing Activities | $-2.14B | $-2.11B | $-931.0M | $-1.02B |
| Financing Activities | ||||
| Dividends Paid | $900.0M | $650.0M | $391.0M | $349.0M |
| Stock Repurchases | $0 | $27.0M | $30.0M | $32.0M |
| Net Cash from Financing Activities | $-1.30B | $607.0M | $-479.0M | $-431.0M |
| Net Change in Cash | $37.0M | $-145.0M | $159.0M | $-144.0M |
| Free Cash Flow | $1.20B | $17.0M | $630.0M | $503.0M |