Grifols SA ADR (GRFS) financial statements

Healthcare · Drug Manufacturers - General · Market cap $5.3B

Grifols SA ADR reported revenue of 7.2B EUR in fiscal 2024, up 7.0% a year over 9 years.

Net income was 157M EUR and the operating margin 16.5%, against 24.7% in 2015.

Free cash flow was 531M EUR, and the company returned 962,000 EUR in dividends.

Revenue and free cash flow

Fiscal years, $ billions (EUR).

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Income statement

Fiscal years, in EUR, from Grifols SA ADR's 10-K filings with the SEC.

Fiscal year	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Revenue	3.9B EUR	4.0B EUR	4.3B EUR	4.5B EUR	5.1B EUR	5.3B EUR	4.9B EUR	6.1B EUR	6.6B EUR	7.2B EUR
Cost of revenue	2.0B EUR	2.1B EUR	2.2B EUR	2.4B EUR	2.8B EUR	3.1B EUR	3.0B EUR	3.9B EUR	4.1B EUR	4.4B EUR
Gross profit	1.9B EUR	1.9B EUR	2.2B EUR	2.0B EUR	2.3B EUR	2.3B EUR	2.0B EUR	2.2B EUR	2.5B EUR	2.8B EUR
Research and development	224M EUR	198M EUR	288M EUR	241M EUR	276M EUR	294M EUR	355M EUR	361M EUR	395M EUR	384M EUR
Selling, general and admin	736M EUR	775M EUR	860M EUR	815M EUR	943M EUR	986M EUR	1.1B EUR	1.2B EUR	1.4B EUR	1.3B EUR
Operating income	970M EUR	939M EUR	1.0B EUR	994M EUR	1.1B EUR	996M EUR	595M EUR	782M EUR	782M EUR	1.2B EUR
Interest expense	240M EUR	245M EUR	263M EUR	293M EUR	343M EUR	250M EUR	268M EUR	478M EUR	597M EUR	715M EUR
Pre-tax income	690M EUR	713M EUR	696M EUR	726M EUR	817M EUR	879M EUR	350M EUR	338M EUR	207M EUR	444M EUR
Income tax	159M EUR	168M EUR	34M EUR	131M EUR	168M EUR	170M EUR	85M EUR	90M EUR	43M EUR	231M EUR
Net income	532M EUR	545M EUR	663M EUR	597M EUR	625M EUR	619M EUR	189M EUR	185M EUR	42M EUR	157M EUR
EPS (diluted)	0.78 EUR	0.80 EUR	0.97 EUR	0.87 EUR	0.91 EUR	0.90 EUR	0.28 EUR	0.27 EUR	0.06 EUR	0.23 EUR
Diluted shares	684M	684M	684M	685M	685M	685M	681M	679M	677M	680M
Gross margin	49.1%	47.2%	49.8%	45.7%	45.9%	42.2%	39.8%	36.5%	37.7%	38.7%
Operating margin	24.7%	23.2%	23.2%	22.2%	22.2%	18.7%	12.1%	12.9%	11.9%	16.5%
Net margin	13.5%	13.5%	15.3%	13.3%	12.3%	11.6%	3.8%	3.1%	0.6%	2.2%

Balance sheet

Fiscal years, in EUR, from Grifols SA ADR's 10-K filings with the SEC.

Fiscal year	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Cash and short-term investments	1.1B EUR	895M EUR	887M EUR	1.0B EUR	742M EUR	580M EUR	2.7B EUR	549M EUR	530M EUR	980M EUR
Receivables	—	534M EUR	386M EUR	404M EUR	491M EUR	520M EUR	500M EUR	739M EUR	767M EUR	836M EUR
Inventory	—	1.6B EUR	1.6B EUR	1.9B EUR	2.3B EUR	2.0B EUR	2.3B EUR	3.2B EUR	3.5B EUR	3.6B EUR
Total current assets	—	3.1B EUR	2.9B EUR	3.5B EUR	5.4B EUR	3.2B EUR	5.5B EUR	4.7B EUR	6.1B EUR	5.7B EUR
Property, plant and equipment	1.6B EUR	1.8B EUR	1.8B EUR	2.0B EUR	2.2B EUR	2.3B EUR	2.5B EUR	3.3B EUR	3.2B EUR	3.3B EUR
Goodwill	3.5B EUR	3.6B EUR	4.6B EUR	5.2B EUR	5.5B EUR	5.3B EUR	6.2B EUR	7.0B EUR	6.8B EUR	7.4B EUR
Total assets	9.6B EUR	10.1B EUR	10.9B EUR	12.5B EUR	15.5B EUR	15.3B EUR	19.2B EUR	21.2B EUR	21.0B EUR	21.4B EUR
Total current liabilities	—	1.1B EUR	978M EUR	1.3B EUR	1.4B EUR	1.3B EUR	3.5B EUR	2.0B EUR	2.3B EUR	2.2B EUR
Long-term debt	—	—	5.0B EUR	5.0B EUR	3.5B EUR	3.3B EUR	3.6B EUR	3.6B EUR	3.6B EUR	2.3B EUR
Total liabilities	6.3B EUR	6.4B EUR	7.3B EUR	7.8B EUR	8.7B EUR	8.6B EUR	11.9B EUR	13.3B EUR	13.5B EUR	12.8B EUR
Shareholders' equity	3.3B EUR	3.7B EUR	3.6B EUR	4.2B EUR	4.8B EUR	5.1B EUR	5.5B EUR	5.6B EUR	5.4B EUR	5.9B EUR
Net debt	-1.1B EUR	-790M EUR	4.2B EUR	4.1B EUR	2.9B EUR	2.9B EUR	1.0B EUR	3.5B EUR	3.8B EUR	1.7B EUR

Cash flow

Fiscal years, in EUR, from Grifols SA ADR's 10-K filings with the SEC.

Fiscal year	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Operating cash flow	743M EUR	553M EUR	842M EUR	737M EUR	569M EUR	1.1B EUR	597M EUR	-1M EUR	219M EUR	902M EUR
Capital spending	567M EUR	293M EUR	323M EUR	308M EUR	412M EUR	363M EUR	315M EUR	393M EUR	310M EUR	371M EUR
Free cash flow	176M EUR	261M EUR	519M EUR	430M EUR	157M EUR	748M EUR	282M EUR	-394M EUR	-92M EUR	531M EUR
Dividends paid	222M EUR	216M EUR	218M EUR	142M EUR	239M EUR	113M EUR	259M EUR	592,000 EUR	0 EUR	962,000 EUR
Share buybacks (net)	-58M EUR	-13M EUR	—	—	—	—	-126M EUR	-3M EUR	0 EUR	—
Net borrowing	29M EUR	-80M EUR	1.8B EUR	37M EUR	66M EUR	-164M EUR	2.8B EUR	-64M EUR	286M EUR	-1.2B EUR
Free cash flow margin	4.5%	6.4%	12.0%	9.6%	3.1%	14.0%	5.7%	-6.5%	-1.4%	7.4%
Dividends per share	0.32 EUR	0.32 EUR	0.32 EUR	0.21 EUR	0.35 EUR	0.17 EUR	0.38 EUR	0.00 EUR	—	0.00 EUR

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Questions

What was Grifols SA ADR's revenue in 2024?

7.2B EUR in fiscal 2024, from its 10-K filing.

How much free cash flow does Grifols SA ADR generate?

531M EUR in fiscal 2024 (operating cash flow minus capital spending).

From Grifols SA ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.