Koninklijke Philips (PHG) Cash Flow: Operating & Free Cash Flow

Koninklijke Philips Cash Flow Statement Analysis

Values in billions EUR

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Koninklijke Philips N.V. (PHG) - Annual data in billions EUR
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	0.90	-0.91	-0.46	-1.70	3.32	1.19	1.33	1.31	1.03
Depreciation & Amortization	1.13	1.26	1.26	1.26	1.32	1.46	1.09	1.09	1.03
Deferred Income Tax	0.28	0.00	-0.07	0.00	-0.10	0.28	0.00	0.19	0.35
Stock Based Compensation	0.14	0.00	0.09	0.00	0.11	0.11	0.00	0.10	0.12
Change in Working Capital	-1.23	0.01	1.26	-1.24	0.01	-0.54	-0.76	-0.50	-0.51
Change in Accounts Receivable	-0.01	0.00	0.30	-0.36	-0.04	0.09	0.00	-0.10	0.06
Change in Inventory	-0.12	0.25	0.26	-0.60	-0.58	-0.58	-0.20	-0.39	-0.14
Change in Accounts Payable	0.10	-0.63	0.36	0.05	0.22	0.00	-0.41	0.00	0.00
Change in Other Working Capital	-1.27	0.39	0.42	-0.34	-0.03	-0.05	-0.15	-0.11	-0.37
Other Operating Activities	0.51	1.35	0.19	1.50	-0.03	0.13	0.61	0.96	1.46
Net Cash from Operating Activities	1.16	1.70	2.26	-0.18	1.63	2.64	2.27	1.78	1.87
Investing Activities
Capital Expenditures	-0.27	-0.34	-0.35	-0.47	-0.76	-0.49	-0.58	-0.84	-0.86
Acquisitions	0.00	0.14	-0.07	-0.60	-3.10	-0.31	-0.08	-0.56	-2.28
Purchases of Investments	-0.05	-0.13	-0.09	-0.20	-0.12	-0.14	-0.07	-0.03	-0.04
Sales/Maturities of Investments	0.06	0.06	0.05	0.08	0.17	0.07	0.61	0.08	0.01
Other Investing Activities	-0.07	0.03	-0.05	-0.01	0.05	0.02	-0.03	-0.55	-0.46
Net Cash from Investing Activities	-0.74	-0.63	-0.64	-1.58	-3.67	-1.27	-0.70	-1.49	-3.20
Financing Activities
Debt Repayment	-0.61	-0.09	-0.75	1.15	-0.30	0.77	0.12	0.13	-0.22
Common Stock Issued	0.01	0.00	0.00	0.01	0.02	0.05	0.06	0.09	0.23
Common Stock Repurchased	0.00	-0.44	-0.66	-0.20	-1.64	-0.34	-1.54	-1.04	-0.64
Dividends Paid	-0.33	0.00	0.00	-0.43	-0.48	0.00	-0.51	-0.40	-0.38
Other Financing Activities	0.00	0.00	0.00	-0.01	0.00	0.01	0.00	0.03	1.07
Net Cash from Financing Activities	0.11	-0.54	-0.85	0.53	-2.35	0.48	-1.86	-1.19	0.06
Summary
Effect of Forex Changes on Cash	-0.14	-0.11	-0.08	-0.14	0.07	-0.06	-0.04	0.65	-0.18
Net Change in Cash	0.39	0.42	0.70	-1.37	-0.99	1.80	-0.33	-0.25	-0.40
Cash at Beginning of Period	2.40	2.06	1.17	2.62	3.23	1.43	1.93	1.94	2.33
Cash at End of Period	2.79	2.49	1.87	1.25	2.30	3.23	1.60	1.69	1.94
Free Cash Flow	0.89	1.35	1.91	-0.65	0.87	2.16	1.69	0.94	1.01
Supplemental Disclosures
Interest Paid	0.25	0.26	0.25	0.21	0.15	-	-	-	-
Income Taxes Paid	0.21	0.17	0.15	0.33	0.25	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Koninklijke Philips Cash Flow

What is Koninklijke Philips's free cash flow?

Koninklijke Philips generated free cash flow of EUR 893.00M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of EUR 1.16B minus EUR 269.00M of capital expenditures. That was down 34.1% from EUR 1.35B a year earlier. Free cash flow equaled 5.0% of revenue.

How much does Koninklijke Philips spend on capital expenditures?

Koninklijke Philips spent EUR 269.00M on capital expenditures in fiscal 2025, compared with EUR 342.90M a year earlier. That equals 23.1% of operating cash flow.

Does Koninklijke Philips pay dividends or buy back shares?

Yes. In fiscal 2025 Koninklijke Philips returned EUR 328.00M in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition