← GENMAB A/S

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net Income — — — — — — — — $1.1b $963.0m
Net Income From Continuing Operations — — — — — — — — $1.3b $1.2b
Depreciation — — — — — — — $40.0m $49.0m $55.0m
Amortization — — — — — — — $3.0m $11.0m $16.0m
Amortization Cash Flow — — — — — — $20.1m — $11.0m $16.0m
Amortization Of Intangibles — — — — — — $20.1m — $11.0m $16.0m
Depreciation Amortization Depletion — — — — — — $52.1m — $60.0m $71.0m
Adjustments For Deferred Tax Of Prior Periods — — $458.0m $294.0m ($112.0m) ($371.0m) $107.0m ($59.0m) $99.0m ($63.0m)
Adjustments For Share-Based Payments — — $91.0m $147.0m $200.0m $310.0m $439.0m $586.0m $721.0m $128.0m
Share-based compensation expense — — — — — — — $85.0m $105.0m $128.0m
Impairment losses — — — — — — — $0 $17.0m $32.0m
Asset Impairment Charge — — — — — — $0 $0 $17.0m $32.0m
Adjustments For Income Tax Expense — — $46.0m ($476.0m) ($1.5b) ($742.0m) ($1.6b) ($1.1b) ($343.0m) ($460.0m)
Proceeds From Sales Of Investments Other Than Investments Accounted For Using Equity Method — — $2.2b $3.9b $10.4b $14.5b $7.3b $10.0b $11.3b $2.6b
Additional Financial Items
Adjustments For Finance Costs — — — — — — — — $2.0b $269.0m
Adjustments For Finance Income — — — — — — — — $4.4b $408.0m
General And Administrative Expense — — $214.0m $342.0m $661.0m — — — — —
Goodwill — — — — — — — — $2.5b $355.0m
Increase Decrease In Working Capital — — $634.0m $1.2b ($987.0m) $770.0m $1.9b ($1.4b) — —
Interest Received Classified As Operating Activities — — $44.0m $111.0m $170.0m $208.0m $283.0m $908.0m $935.0m $135.0m
Payments Of Lease Liabilities Classified As Financing Activities — — — $31.0m $44.0m $58.0m $73.0m $91.0m $60.0m $13.0m
Proceeds From Borrowings Classified As Financing Activities — — — — — — — — — $5.5b
Proceeds From Issuing Shares — — — $3.9b — — — — — —
Purchase Of Intangible Assets Classified As Investing Activities — — $406.0m $32.0m — — — $10.0m $117.0m $18.0m
Repayments Of Borrowings Classified As Financing Activities — — — — — — — — — $273.0m
Net profit before tax — $1.1b $1.6b $2.9b — — — $817.0m $1.3b $1.2b
Financial income — — — — — — — ($299.0m) ($645.0m) ($408.0m)
Financial expense — — — — — — — $254.0m $291.0m $269.0m
Receivables — — — — — — — $116.0m ($230.0m) ($166.0m)
Inventories — — — — — — — ($8.0m) ($1.0m) ($9.0m)
Other payables — — — — — — — $90.0m $122.0m $400.0m
Interest received — $43.0m $44.0m $111.0m — — — $131.0m $136.0m $135.0m
Interest elements of lease payments — — — ($7.0m) — — — ($3.0m) ($5.0m) ($5.0m)
Acquisition of assets, net of cash acquired — — — — — — — $0 $0 ($7.2b)
Investment in intangible assets — — ($406.0m) ($32.0m) — — — ($1.0m) ($17.0m) ($18.0m)
Investment in tangible assets — ($89.0m) ($72.0m) ($79.0m) — — — ($53.0m) ($27.0m) ($37.0m)
Marketable securities bought — ($3.4b) ($3.5b) ($5.8b) — — — ($1.6b) ($1.2b) ($991.0m)
Marketable securities sold — $2.8b $2.2b $3.9b — — — $1.5b $1.6b $2.6b
Other investments bought — — — — — — — ($4.0m) ($8.0m) ($4.0m)
Warrants exercised — $215.0m $75.0m $65.0m — — — $21.0m $19.0m $23.0m
Principal elements of lease payments — — — ($31.0m) — — — ($14.0m) ($9.0m) ($13.0m)
Purchase of treasury shares — — ($146.0m) — — — — ($81.0m) ($560.0m) ($430.0m)
Payment of withholding taxes on behalf of employees on net settled RSUs — — — ($9.0m) — — — ($15.0m) ($16.0m) ($18.0m)
Proceeds from issuance of borrowings — — — — — — — $0 $0 $5.5b
Bank deposits — $1.3b $533.0m $2.9b — — — $2.0b $1.4b $1.7b
Short-term marketable securities — — — $668.0m — — — $200.0m $11.0m $0
Beginning Cash Position — — — — — — $1.3b — $2.2b $1.4b
Cash Flow From Continuing Financing Activities — — — — — — ($113.6m) — ($566.0m) $4.8b
Cash Flow From Continuing Investing Activities — — — — — — ($397.4m) — ($1.4b) ($5.6b)
Change In Inventory — — — — — — $0 — ($1.0m) ($9.0m)
Change In Payable — — — — — — $40.7m — $122.0m $400.0m
Change In Payables And Accrued Expense — — — — — — $40.7m — $122.0m $400.0m
Change In Receivables — — — — — — — — ($230.0m) ($166.0m)
Change In Working Capital — — — — — — — — ($109.0m) $225.0m
Changes In Cash — — — — — — $52.1m — ($887.0m) $332.0m
End Cash Position — — — — — — $1.4b — $1.4b $1.7b
Financing Cash Flow — — — — — — ($113.6m) — ($566.0m) $4.8b
Free Cash Flow — — — — — — $517.4m — $1.1b $1.1b
Gain Loss On Investment Securities — — — — — — — — ($136.0m) ($65.0m)
Interest Received CFO — — — — — — $40.7m — $136.0m $135.0m
Investing Cash Flow — — — — — — ($397.4m) — ($1.4b) ($5.6b)
Issuance Of Capital Stock — — — — — $0 — — $0 $5.5b
Net Business Purchase And Sale — — — — — — $0 $0 ($1.8b) $0
Net Foreign Currency Exchange Gain Loss — — — — — — — — ($92.0m) $3.0m
Net Intangibles Purchase And Sale — — — — — — $0 — ($17.0m) ($18.0m)
Net PPE Purchase And Sale — — — — — — ($45.6m) — ($27.0m) ($37.0m)
Operating Gains Losses — — — — — — — — ($228.0m) ($62.0m)
Other Non Cash Items — — — — — — — — ($126.0m) ($77.0m)
Proceeds From Stock Option Exercised — — — — — — $40.3m — $19.0m $23.0m
Purchase Of Business — — — — — — $0 $0 ($1.8b) $0
Purchase Of Intangibles — — — — — — $0 — ($17.0m) ($18.0m)
Purchase Of PPE — — — $79.0m $307.0m $252.0m ($45.6m) $366.0m ($27.0m) ($37.0m)
Repurchase Of Capital Stock — — — — — — ($130.7m) — ($560.0m) ($430.0m)
Stock Based Compensation — — — — — — $63.2m — $105.0m $128.0m
Profit or Loss — — $1.5b $2.2b $4.8b $3.0b $5.5b $4.4b $7.8b $963.0m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($45.6m) — ($44.0m) ($55.0m)
Acquisition of business, net of cash acquired — — — — — — — $0 ($1.8b) $0
Net Investment Purchase And Sale — — — — — — ($351.8m) — $380.0m $1.6b
Purchase Of Investment — — — — — — ($1.4b) — ($1.3b) ($995.0m)
Sale Of Investment — — — — — — $1.0b — $1.6b $2.6b
Cash flows from financing activities:
Debt issuance costs paid — — — — — — — $0 $0 ($273.0m)
Net Issuance Payments Of Debt — — — — — — ($10.5m) — ($9.0m) ($13.0m)
Net Long Term Debt Issuance — — — — — — ($10.5m) — ($9.0m) ($13.0m)
Long Term Debt Payments — — — — — — ($10.5m) — ($9.0m) ($13.0m)
Repayment Of Debt — — — — — — ($10.5m) — ($9.0m) ($13.0m)
Common Stock Issuance — — — — — $0 — — $0 $5.5b
Net Common Stock Issuance — — — — — — ($130.7m) — ($560.0m) $5.1b
Common Stock Payments — — — — — — ($130.7m) — ($560.0m) ($430.0m)
Net Other Financing Charges — — — — — — ($12.7m) — ($16.0m) ($291.0m)
Exchange rate adjustments — ($95.0m) $19.0m $16.0m — — — ($12.0m) $63.0m $3.0m
Effect Of Exchange Rate Changes — — — — — — $82.6m — $63.0m $3.0m
Changes in cash and cash equivalents — $1.1b ($834.0m) $3.0b — — — $797.0m ($887.0m) $332.0m
Cash and cash equivalents at the beginning of the period $307.0m $1.3b $533.0m $3.6b — — $1.4b $2.2b $1.4b $1.7b
Change In Cash Supplemental As Reported — — — — — — $52.1m — ($887.0m) $332.0m
Interest Paid Classified As Operating Activities — ($3.0m) — $13.0m $11.0m — $1.0m $1.0m $0 $5.0m
Corporate taxes paid — ($181.0m) $46.0m ($476.0m) — — ($227.8m) ($155.0m) ($50.0m) ($460.0m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.