v3.25.4
Consolidated statements of cash flows - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income € 897 € (698) € (463)
Discontinued operations, net of income taxes 4 (142) 10
Adjustments to reconcile net income to net cash provided by (used for) operating activities:      
Depreciation, amortization, and impairment of assets 1,125 1,390 1,261
Impairment of goodwill 0 0 8
Share-based compensation 141 96 88
Net loss (gain) on sale of assets 23 (19) (71)
Interest income (85) (81) (46)
Interest expense on debt, borrowings, and other liabilities 273 270 255
Results of associates 9 126 107
Income tax expense (benefit) 282 964 (71)
Decrease (increase) in working capital (26) (355) 913
Decrease (increase) in receivables and other current assets (9) (1) 298
Decrease (Increase) in inventories (115) 230 257
Increase (decrease) in accounts payable, accrued and other current liabilities 97 (583) 358
Decrease (increase) in non-current receivables and other assets (44) (5) (33)
Increase (decrease) in other liabilities 54 (51) (38)
Increase (decrease) in provisions (1,215) 316 422
Other items 104 101 129
Interest received 83 83 53
Interest paid (253) (261) (250)
Dividends received from investments in associates 13 8 13
Income taxes paid (213) (173) (152)
Net cash provided by (used for) operating activities 1,172 1,569 2,136
Cash flows from investing activities      
Net capital expenditures (660) (663) (554)
Purchase of intangible assets (136) (118) (96)
Expenditures on development assets (263) (241) (203)
Capital expenditures on property, plant and equipment (269) (317) (345)
Proceeds from sales of property, plant and equipment 9 13 90
Net proceeds from (cash used for) derivatives and current financial assets (67) 38 (46)
Purchase of other non-current financial assets (46) (123) (92)
Proceeds from other non-current financial assets 61 57 48
Purchase of businesses, net of cash acquired (3) (8) (73)
Sale of interests in businesses, net of cash disposed (22) 126 80
Net cash provided by (used for) for investing activities (737) (573) (636)
Cash flows from financing activities      
Proceeds from issuance (payments on) short-term debt (24) (30) 29
Principal payments on current portion of long-term debt (609) (763) (754)
Proceeds from issuance of long-term debt 1,057 710 544
Re-issuance of treasury shares 13 0 0
Purchase of treasury shares 0 (411) (662)
Dividends paid to shareholders of Koninklijke Philips N.V. (328) (1) (2)
Dividends paid to shareholders of non-controlling interests (2) (2) (3)
Net cash provided by (used for) financing activities 107 (496) (848)
Net cash provided by (used for) continuing operations 542 500 652
Net cash provided by (used for) discontinued operations (10) (13) 123
Net cash provided by (used for) continuing and discontinued operations 532 487 776
Effect of changes in exchange rates on cash and cash equivalents (139) 45 (79)
Cash and cash equivalents at the beginning of the period 2,401 1,869 1,172
Cash and cash equivalents at the end of the period € 2,794 € 2,401 € 1,869