← Amer Sports, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net income/(loss) | ($126.3m) | ($252.7m) | ($208.8m) | $78.4m | $440.4m | |
| Depreciation and amortization | $206.1m | $197.0m | $220.9m | $273.8m | $384.2m | |
| Impairment losses | $700k | $201.7m | $2.4m | $1.9m | $14.0m | |
| Share-based payment expense | — | $0 | $10.7m | $19.5m | $37.2m | |
| Interest expense | — | $237.5m | $397.6m | $219.0m | $97.7m | |
| Loss on debt extinguishment | — | $0 | $0 | $31.8m | $0 | |
| Income tax expense | $31.9m | $48.5m | $104.2m | $82.8m | $184.1m | |
| Loss on sale of subsidiaries | — | $700k | $0 | $5.6m | $0 | |
| Other non-cash valuation losses/(gains) | ($6.1m) | $11.3m | $14.7m | ($1.8m) | $1.7m | |
| Interest income | — | ($3.3m) | ($6.4m) | ($8.8m) | ($6.4m) | |
| Foreign currency exchange (gains)/losses, net & other finance costs | — | ($1.6m) | $15.8m | $67.6m | ($14.0m) | |
| Inventories | ($50.9m) | ($355.2m) | ($175.1m) | ($172.4m) | ($318.3m) | |
| Accounts receivables | $36.2m | ($149.1m) | $83.8m | ($35.2m) | ($123.6m) | |
| Prepaid expenses and other assets | — | ($24.9m) | ($42.1m) | ($18.5m) | ($6.2m) | |
| Accounts payables | $43.4m | $115.5m | ($38.7m) | $123.7m | $190.1m | |
| Other liabilities | $67.9m | $58.8m | $80.3m | $118.3m | $147.2m | |
| Cash generated from operating activities | $423.5m | $84.0m | $459.4m | $785.7m | $1.0b | |
| Interest received | $1.5m | $3.1m | $6.9m | $6.2m | $9.9m | |
| Proceeds from sale of subsidiary | — | $0 | $0 | $15.5m | $0 | |
| Acquisition of business | — | $0 | ($3.5m) | $0 | ($45.4m) | |
| Acquisition of intangible assets | ($33.0m) | ($32.1m) | ($12.7m) | ($46.3m) | ($67.2m) | |
| Acquisition of right-of-use assets | ($5.2m) | ($9.9m) | ($15.5m) | ($12.6m) | ($9.0m) | |
| Proceeds from current borrowings from financial institutions | $135.0m | $409.8m | $310.3m | $376.9m | $284.3m | |
| Repayments of current borrowings from financial institutions | ($293.8m) | ($237.5m) | ($140.3m) | ($325.7m) | ($278.5m) | |
| Net (repayments of)/proceeds from revolving credit facilities | — | $172.3m | $115.0m | ($278.2m) | ($2.3m) | |
| Proceeds from non-current borrowings from financial institutions | — | $0 | $0 | $2.0b | $0 | |
| Repayments of non-current borrowings from financial institutions | ($120.8m) | $0 | $0 | ($3.1b) | $0 | |
| Repayments of long-term borrowings from related parties | — | $11.7m | ($65.9m) | ($1.5b) | $0 | |
| Proceeds from share issuances, net of issuance costs | — | $0 | $0 | $2.6b | $0 | |
| Proceeds from exercise of share options | — | $0 | $0 | $12.1m | $36.8m | |
| Payments of lease liabilities | ($72.8m) | ($73.5m) | ($75.4m) | ($102.3m) | ($145.6m) | |
| Net repayments from settlement of derivative contracts | — | $0 | $0 | ($18.2m) | ($17.5m) | |
| Release of derivative contract collateral | — | $0 | $0 | $17.0m | $3.2m | |
| Translation differences | ($22.4m) | ($36.4m) | $2.1m | ($28.4m) | $39.2m | |
| Capital expenditures in accounts payable | — | ($1.0m) | $22.3m | $20.4m | $12.0m | |
| Contingent consideration in other current liabilities | — | — | $0 | $0 | $20.0m | |
| Equitization of related party loans and interest | — | $0 | $227.2m | $2.6b | $0 | |
| Non-cash refinancing of current borrowings | — | — | $0 | $0 | $552.6m | |
| Net cash flows from operating activities | $268.0m | ($91.7m) | $199.0m | $424.7m | $729.8m | |
| Acquisition of property, plant and equipment | ($60.7m) | ($77.7m) | ($123.6m) | ($229.1m) | ($216.5m) | |
| Proceeds from sale of property, plant and equipment | $500k | $200k | $500k | $4.2m | $0 | |
| Net cash flows used in investing activities | $295.4m | ($118.6m) | ($154.8m) | ($268.3m) | ($338.1m) | |
| Payments of debt issuance costs | — | $0 | $0 | ($10.3m) | ($600k) | |
| Other financing items | ($1.9m) | ($29.4m) | $6.4m | ($7.3m) | ($3.8m) | |
| Net cash flows (used in)/from financing activities | ($369.7m) | $81.1m | $35.0m | ($266.0m) | ($124.0m) | |
| CHANGE IN CASH AND CASH EQUIVALENTS | $193.6m | ($129.2m) | $79.3m | ($109.6m) | $267.7m | |
| Cash and cash equivalents at year end | $566.7m | $402.0m | $483.4m | $483.4m | $345.4m | |
| Interest paid | ($125.7m) | ($118.1m) | ($179.3m) | ($197.2m) | ($95.9m) | |
| Income taxes paid | ($31.3m) | ($60.7m) | ($88.0m) | ($170.0m) | ($212.3m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.