Akzo Nobel Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	621	635	542	442	352	829
Depreciation & Amortization	377	378	371	357	368	351
Asset Writedown & Restructuring Costs	9	9	-	4	6	3
Loss (Gain) on Equity Investments	-34	-33	-23	-27	-18	-26
Other Operating Activities	-549	-527	-18	149	128	2
Change in Accounts Receivable	-50	-50	12	-111	-95	-240
Change in Inventory	49	49	-83	131	-134	-439
Change in Accounts Payable	167	167	-135	234	-280	274
Change in Other Net Operating Assets	351	287	7	-53	-64	-149
Operating Cash Flow	941	914	668	1,120	254	604
Operating Cash Flow Growth	29.26%	36.83%	-40.36%	340.94%	-57.95%	-50.37%
Capital Expenditures	-296	-309	-306	-286	-292	-288
Cash Acquisitions	-	-	2	-114	-588	-73
Divestitures	817	816	1	96	36	22
Investment in Securities	-99	-140	103	78	-277	191
Other Investing Activities	75	75	68	82	26	14
Investing Cash Flow	497	442	-132	-144	-1,095	-134
Long-Term Debt Issued	-	2,453	2,307	5,836	9,511	1,143
Long-Term Debt Repaid	-	-3,035	-2,602	-6,295	-7,322	-590
Net Debt Issued (Repaid)	161	-582	-295	-459	2,189	553
Repurchase of Common Stock	-	-	-	-	-669	-1,135
Common Dividends Paid	-336	-339	-338	-343	-379	-364
Other Financing Activities	-60	-60	-51	-25	-	-28
Financing Cash Flow	-235	-981	-684	-827	1,141	-974
Foreign Exchange Rate Adjustments	-18	-43	-32	-94	-14	35
Net Cash Flow	1,185	332	-180	55	286	-469
Free Cash Flow	645	605	362	834	-38	316
Free Cash Flow Growth	64.54%	67.13%	-56.59%	-	-	-67.05%
Free Cash Flow Margin	6.49%	5.96%	3.38%	7.82%	-0.35%	3.30%
Free Cash Flow Per Share	3.75	3.52	2.11	4.87	-0.22	1.70
Cash Interest Paid	176	162	174	167	78	77
Cash Income Tax Paid	265	268	291	295	224	222
Levered Free Cash Flow	689.88	679.25	181.25	929.13	49.5	124.38
Unlevered Free Cash Flow	821.75	811.13	300	1,050	115.75	170.63
Change in Working Capital	517	453	-199	201	-573	-554

Source: S&P Global Market Intelligence. Standard template. Financial Sources.