← On Holding AG
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net income | ($1.5m) | ($27.5m) | ($170.2m) | $57.7m | $79.6m | $242.3m | $203.7m | |
| Net Income From Continuing Operations | — | — | — | $57.7m | $79.6m | $242.3m | $203.7m | |
| Other Adjustments To Reconcile Profit Loss | ($6.5m) | $8.1m | ($67.6m) | $93.4m | $95.7m | $25.0m | — | |
| Depreciation and amortization | $5.3m | $12.1m | $31.4m | $46.4m | $64.9m | $104.6m | $127.4m | |
| Amortization Cash Flow | — | — | — | — | $10.1m | $10.8m | $9.8m | |
| Amortization Of Intangibles | — | — | — | — | $10.1m | $10.8m | $9.8m | |
| Depreciation Amortization Depletion | — | — | — | $46.4m | $64.9m | $104.6m | $127.4m | |
| Deferred Income Tax | — | — | — | $20.2m | ($10.5m) | $37.4m | $1.5m | |
| Deferred Tax | — | — | — | $20.2m | ($10.5m) | $37.4m | $1.5m | |
| Adjustments For Share-Based Payments | $48.6m | $192.4m | $38.3m | $27.3m | $57.5m | $66.6m | — | |
| Share-based compensation | $18.8m | $48.6m | $192.4m | $38.3m | $27.3m | $57.5m | $66.6m | |
| Loss on disposal of assets and impairment | — | $0 | $0 | $900k | $600k | $700k | $3.7m | |
| Proceeds on sale of treasury shares related to share-based compensation | $0 | $0 | $500k | $26.4m | $10.1m | $10.9m | $8.6m | |
| Adjustments For Income Tax Expense | $3.1m | $10.6m | $20.2m | ($10.5m) | $37.4m | $1.5m | — | |
| Interest income and expenses | $502k | $602k | $2.8m | ($800k) | ($4.5m) | ($7.2m) | ($8.5m) | |
| Additional Financial Items | ||||||||
| Adjustments For Decrease Increase In Trade Account Receivable | ($13.5m) | ($47.0m) | ($78.6m) | ($46.9m) | ($30.1m) | ($96.1m) | — | |
| Adjustments For Increase Decrease In Trade Account Payable | $25.6m | $4.3m | $65.8m | ($44.3m) | $104.0m | ($9.2m) | — | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | $6.7m | $15.2m | ($8.3m) | $102.9m | ($70.9m) | $165.6m | — | |
| General And Administrative Expense | $61.1m | $123.3m | $199.3m | $286.6m | $389.5m | $494.5m | — | |
| Increase Decrease In Working Capital | — | — | $285.8m | $101.2m | ($46.1m) | $187.7m | — | |
| Interest Received Classified As Operating Activities | — | — | $5.6m | $11.0m | $22.5m | $30.1m | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | $3.4m | $13.3m | $15.4m | $25.5m | $51.3m | $69.9m | — | |
| Proceeds From Issuing Shares | $133.3m | $71k | $0 | $0 | $200k | $4.3m | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | $7.6m | $11.6m | $22.7m | $4.4m | $4.5m | $5.7m | — | |
| Repayments Of Borrowings Classified As Financing Activities | $6.4m | $13.5m | $20.9m | $33.1m | $33.1m | — | — | |
| Employee benefit expenses | ($143k) | $957k | $1.1m | $4.8m | ($7.5m) | $5.2m | $4.0m | |
| Net exchange differences | $1.5m | $6.7m | $15.2m | ($8.3m) | $102.9m | ($70.9m) | $165.6m | |
| Income taxes | $4.6m | $3.1m | $10.6m | $20.2m | ($10.5m) | $37.4m | $1.5m | |
| Change in working capital | — | ($49.2m) | ($74.4m) | ($285.8m) | ($101.2m) | $46.1m | ($187.7m) | |
| Trade receivables | ($21.5m) | ($13.5m) | ($47.0m) | ($78.6m) | ($46.9m) | ($30.1m) | ($96.1m) | |
| Inventories | ($12.4m) | ($61.3m) | ($31.8m) | ($273.0m) | ($10.0m) | ($27.8m) | ($82.4m) | |
| Trade payables | $3.2m | $25.6m | $4.3m | $65.8m | ($44.3m) | $104.0m | ($9.2m) | |
| Change in other current assets / liabilities | ($2.7m) | ($6.5m) | $8.1m | ($67.6m) | $93.4m | $95.7m | $25.0m | |
| Change in provisions | $1.1m | $1.7m | $4.4m | ($7.4m) | $4.8m | $18.0m | ($7.8m) | |
| Interest received | — | $0 | $0 | $5.6m | $11.0m | $22.5m | $30.1m | |
| Cash inflow from operating activities | ($5.2m) | ($14.7m) | $16.9m | ($227.0m) | $232.1m | $510.6m | $359.5m | |
| Proceeds from disposal of tangible assets | — | — | — | $0 | $0 | $100k | $0 | |
| Purchase of intangible assets | ($1.8m) | ($7.6m) | ($11.6m) | ($22.7m) | ($4.4m) | ($4.5m) | ($5.7m) | |
| Cash (outflow) from investing activities | ($9.5m) | ($18.6m) | ($36.4m) | ($82.9m) | ($47.1m) | ($64.9m) | ($78.6m) | |
| Payments of lease liabilities | ($2.0m) | ($3.4m) | ($13.3m) | ($15.4m) | ($25.5m) | ($51.3m) | ($69.9m) | |
| Proceeds from issuance of shares | $0 | $133.3m | $71k | $0 | $0 | $200k | $4.3m | |
| Cash (outflow) from financing activities | ($690k) | $124.8m | $595.9m | $6.3m | ($21.8m) | ($55.4m) | ($78.5m) | |
| Beginning Cash Position | — | — | — | $653.1m | $371.0m | $494.6m | $924.3m | |
| Cash Flow From Continuing Financing Activities | — | — | — | $6.3m | ($21.9m) | ($55.5m) | ($78.5m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($83.0m) | ($47.2m) | ($64.9m) | ($78.6m) | |
| Change In Account Payable | — | — | — | $65.8m | ($44.3m) | $104.0m | ($9.2m) | |
| Change In Inventory | — | — | — | ($273.0m) | ($10.0m) | ($27.8m) | ($82.4m) | |
| Change In Other Working Capital | — | — | — | ($67.6m) | $98.2m | $113.7m | $17.2m | |
| Change In Payable | — | — | — | $65.8m | ($44.3m) | $104.0m | ($9.2m) | |
| Change In Payables And Accrued Expense | — | — | — | $65.8m | ($44.3m) | $104.0m | ($9.2m) | |
| Change In Receivables | — | — | — | ($78.6m) | ($46.9m) | ($30.1m) | ($96.1m) | |
| Changes In Account Receivables | — | — | — | ($78.6m) | ($46.9m) | ($30.1m) | ($96.1m) | |
| Changes In Cash | — | — | — | ($303.6m) | $163.2m | $390.3m | $202.3m | |
| End Cash Position | — | — | — | $371.0m | $494.6m | $924.3m | $1.0b | |
| Financing Cash Flow | — | — | — | $6.3m | ($21.8m) | ($55.4m) | ($78.5m) | |
| Free Cash Flow | — | — | — | ($310.0m) | $184.9m | $445.6m | $280.9m | |
| Interest Received CFO | — | — | — | $5.6m | $11.0m | $22.5m | $30.1m | |
| Investing Cash Flow | — | — | — | ($82.9m) | ($47.1m) | ($64.9m) | ($78.6m) | |
| Issuance Of Capital Stock | — | — | — | $0 | $0 | $200k | $4.3m | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | ($8.3m) | $102.9m | ($70.9m) | $165.6m | |
| Net Intangibles Purchase And Sale | — | — | — | ($22.7m) | ($4.4m) | ($4.5m) | ($5.7m) | |
| Net PPE Purchase And Sale | — | — | — | ($60.3m) | ($42.8m) | ($60.4m) | ($72.9m) | |
| Operating Gains Losses | — | — | — | ($2.6m) | $96.0m | ($65.0m) | $173.3m | |
| Other Non Cash Items | — | — | — | ($800k) | ($4.6m) | ($7.3m) | ($8.6m) | |
| Pension And Employee Benefit Expense | — | — | — | $4.8m | ($7.5m) | $5.2m | $4.0m | |
| Proceeds From Stock Option Exercised | — | — | — | $26.4m | $10.1m | $10.9m | $8.6m | |
| Provisionand Write Offof Assets | — | — | $4.4m | ($7.4m) | $4.8m | $18.0m | — | |
| Purchase Of Intangibles | — | — | — | ($22.7m) | ($4.4m) | ($4.5m) | ($5.7m) | |
| Purchase Of PPE | — | — | — | ($60.3m) | ($42.8m) | ($60.5m) | ($72.9m) | |
| Sale Of PPE | — | — | — | — | $0 | $100k | $0 | |
| Stock Based Compensation | — | — | — | $38.3m | $27.3m | $57.5m | $66.6m | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | — | — | — | — | $100k | $0 | — | |
| Purchase of property, plant and equipment | ($7.4m) | ($11.0m) | ($24.6m) | ($60.3m) | ($42.8m) | ($60.5m) | ($72.9m) | |
| Net Other Investing Changes | — | — | ($200k) | $100k | $100k | $100k | — | |
| Net Issuance Payments Of Debt | — | — | — | ($15.4m) | ($25.5m) | ($51.3m) | ($69.9m) | |
| Net Long Term Debt Issuance | — | — | — | ($15.4m) | ($25.5m) | ($51.3m) | ($69.9m) | |
| Long Term Debt Payments | — | — | — | ($15.4m) | ($25.5m) | ($51.3m) | ($69.9m) | |
| Repayment Of Debt | — | — | — | ($15.4m) | ($25.5m) | ($51.3m) | ($69.9m) | |
| Common Stock Issuance | — | — | — | $0 | $0 | $200k | $4.3m | |
| Net Common Stock Issuance | — | — | — | $0 | $0 | $200k | $4.3m | |
| Cash Dividends Paid | — | — | — | $0 | $0 | $0 | $0 | |
| Net Other Financing Charges | — | — | ($6.8m) | — | $100k | $100k | — | |
| Net impact of foreign exchange rate differences | ($195k) | ($969k) | ($13.9m) | $21.5m | ($39.6m) | $39.4m | ($106.7m) | |
| Effect Of Exchange Rate Changes | — | — | — | $21.5m | ($39.6m) | $39.4m | ($106.7m) | |
| Change in net cash and cash equivalents | ($15.4m) | $91.4m | $576.4m | ($303.6m) | $163.2m | $390.4m | $202.2m | |
| Net cash and cash equivalents as of January 1 | $120k | $90.6m | $653.1m | $371.0m | $494.6m | $924.3m | $1.0b | |
| Change In Cash Supplemental As Reported | — | — | — | ($303.6m) | $163.2m | $390.4m | $202.2m | |
| Interest Paid Classified As Financing Activities | $595k | $2.8m | $4.7m | $6.5m | $15.3m | $21.5m | ($21.5m) | |
| Income Taxes Paid Refund Classified As Operating Activities | $5.2m | $4.4m | $31.0m | $28.6m | $41.2m | $64.0m | ($64.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.