Genmab A/S (GMAB) quarterly cash flow statement — complete operating, investing & financing history
Genmab A/S (GMAB) cash flow statement — 24-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 51M | 3.01M | 300.34M | 536M | 61.99M | 287M | 326.44M | 2.03B | 219M | 219M | 1.67B | 2.04B | 436M | 3.23B | 398M | 1.97B | 959M | 587M | 241M | 447M |
| Operating CF Margin % | 4.42% | 0.33% | 28.47% | 52.45% | 6.7% | 272.73% | 5.07% | 36.7% | 28.11% | 36.32% | 35.74% | 43.23% | 10.46% | 114.15% | 7.75% | 48.15% | 30.33% | 27.7% | 9.2% | 19.35% |
| Operating CF Growth % | -17.72% | -98.95% | -8% | -73.63% | -71.7% | 31.05% | -80.48% | -0.2% | -49.77% | -93.23% | 320.1% | 3.51% | -54.54% | 451.11% | 65.15% | 340.27% | 170.14% | -50.46% | 130.2% | -91.2% |
| Net Income | 295M | 53.2M | 30.91M | 482M | 422.91M | 244M | 445.44M | 1.72B | 307M | 249M | 703M | 2.1B | 1.33B | 210M | 514M | 3.27B | 2.49B | 465M | 716M | 890M |
| Depreciation & Amortization | 26M | 0 | 0 | 18M | 16M | 16M | 12.99M | 112M | 14M | 13M | 58M | 85M | 131M | 21M | 163M | 22M | 16M | 15M | 264M | 14M |
| Stock-Based Compensation | 37M | 0 | 0 | 34M | 32.99M | 25M | 20.46M | 186M | 27M | 24M | 153M | 162M | 156M | 115M | 113M | 118M | 118M | 90M | 82M | 86M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -140M | -134M | 0 | 0 | 0 |
| Other Non-Cash Items | -40M | 63.23M | 16.2M | 0 | -304.94M | -73M | -168.41M | 540M | -29M | -128M | 678M | 245M | 452M | 32M | 1.28B | -1.03B | -1.02B | -317M | -503M | 108M |
| Working Capital Changes | -267M | -113.42M | 253.23M | 2M | -104.98M | 75M | 15.96M | -524M | -100M | 61M | 80M | -559M | -1.64B | 2.86B | -1.67B | -275M | -513M | 334M | -318M | -651M |
| Change in Receivables | -259M | 158.58M | -41.91M | -47M | -200.96M | 124M | -22.02M | -285M | -190M | 39M | 67M | -540M | 1.27B | 0 | -2.12B | 0 | 0 | 0 | -1.07B | 0 |
| Change in Inventory | 3M | -3.01M | -4M | -1M | -999.79K | -3M | 1.25M | -34M | 10M | -7M | 13M | -19M | -51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | -261.97M | 299.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 2M | -9.03M | -5.58B | -54M | 25.99M | -43M | 113.98M | 224M | -1.27B | -210M | -442M | 1.01B | -1.83B | -13M | -136M | -1.38B | -576M | -667M | -306M | -1.62B |
| Capital Expenditures | -2M | -5.02M | -12.97M | -2M | -10M | -12M | -12.16M | -38M | -4M | -4M | -67M | -98M | -97M | -104M | -110M | -82M | -68M | -57M | -68M | -77M |
| CapEx % of Revenue | 0.17% | 0.56% | 1.23% | 0.2% | 1.08% | 11.4% | 0.19% | 0.69% | 0.51% | 0.66% | 1.43% | 2.08% | 2.33% | 3.67% | 2.14% | 2.01% | 2.15% | 2.69% | 2.6% | 3.33% |
| Acquisitions | 0 | 0 | -7.22B | 0 | 0 | 0 | 125.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3B | 508M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 4M | 0 | 0 | 0 | 0 | -18M | -14.83M | 69M | -1.78B | 0 | -375M | 1.11B | -1.74B | 91M | -26M | -1.3B | -508M | -610M | -238M | -1.54B |
| Cash from Financing | -75M | -177.65M | 5.23B | -21M | -405.92M | -13M | 40.68M | -276M | -440M | -85M | -22M | 20M | 7M | -611M | 131M | -642M | -214M | -64M | 16M | 24M |
| Debt Issued (Net) | -65M | -69M | -313.8K | -5M | -4M | -2M | 615.92K | -17M | -3M | -3M | -25M | -16M | -29M | -21M | -26M | -17M | -14M | -16M | -8M | -21M |
| Equity Issued (Net) | 1M | -94.35M | 7.43M | -24M | -405.92M | -82.79M | 39.82M | -294M | -438M | -79M | -6M | -4M | -35M | -622M | -11M | -697M | -211M | -63M | -9M | -11M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -96.36M | 437.17K | -24M | -405.92M | -82.79M | 39.82M | -294M | -438M | -79M | -6M | -4M | -35M | -622M | -11M | -697M | -211M | -63M | -9M | -11M |
| Other Financing | -11M | -14.31M | 5.23B | 8M | 4M | 71.79M | 244.04K | 35M | 1M | -3M | 9M | 40M | 71M | 32M | 168M | 72M | 11M | 15M | 33M | 56M |
| Net Change in Cash | -18M | -194M | -45.91M | 465M | -322.93M | 239M | 425.44M | 2.01B | -1.5B | -77M | 594M | 3.4B | -1.41B | 2.4B | -484M | 561M | 745M | 114M | 228M | -748M |
| Free Cash Flow | 48M | -2.01M | 287.35M | 534M | 51.99M | 257M | 299.45M | 1.99B | 215M | 215M | 1.6B | 1.94B | 339M | 3.13B | 288M | 1.89B | 891M | 530M | 173M | 370M |
| FCF Margin % | 4.16% | -0.22% | 27.24% | 52.25% | 5.62% | 244.22% | 4.65% | 35.83% | 27.6% | 35.66% | 34.31% | 41.15% | 8.13% | 110.48% | 5.61% | 46.15% | 28.18% | 25.01% | 6.61% | 16.02% |
| FCF Growth % | -7.67% | -100.78% | -4.04% | -73.1% | -75.82% | 19.53% | -81.34% | 2.37% | -36.58% | -93.13% | 457.29% | 2.81% | -61.95% | 490.75% | 66.47% | 409.73% | 222.83% | -54.19% | 120.21% | -92.65% |
| FCF per Share | 0.08 | -0.00 | 0.43 | 0.86 | 0.08 | 0.40 | 0.47 | 3.06 | 0.33 | 0.33 | 2.44 | 2.94 | 0.51 | 4.76 | 0.44 | 2.86 | 1.35 | 0.80 | 0.26 | 0.56 |
| FCF Conversion (FCF/Net Income) | 0.17x | 0.06x | 9.72x | 1.34x | 0.18x | 10.00x | 0.08x | 1.61x | 1.08x | 1.14x | 2.61x | 0.97x | 0.33x | 15.40x | 0.77x | 0.76x | 0.51x | 1.26x | 0.34x | 0.50x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7M | 7M | 6M | 5M | 4M | 0 | 0 | 3M | 3M | 3M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |