Aperam 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	30	9	231	203	625	968
Depreciation & Amortization	199	204	175	167	159	129
Asset Writedown & Restructuring Costs	-21	-21	-38	-49	-20	-11
Other Operating Activities	105	76	-131	-69	197	-51
Change in Accounts Receivable	-9	-9	75	16	96	-132
Change in Inventory	237	237	81	292	-335	-748
Change in Accounts Payable	-52	-52	-113	-60	-19	395
Change in Other Net Operating Assets	27	-22	-	-29	-61	-
Operating Cash Flow	516	422	280	471	642	550
Operating Cash Flow Growth	118.64%	50.71%	-40.55%	-26.64%	16.73%	81.52%
Capital Expenditures	-153	-174	-165	-301	-296	-152
Cash Acquisitions	-	-415	-	-	-	-31
Other Investing Activities	-	-	10	-2	-1	-
Investing Cash Flow	-153	-589	-155	-303	-297	-183
Short-Term Debt Issued	-	519	11	157	95	-
Long-Term Debt Issued	-	677	1	-	299	75
Total Debt Issued	617	1,196	12	157	394	75
Short-Term Debt Repaid	-	-675	-184	-125	-253	-18
Long-Term Debt Repaid	-	-97	-19	-39	-215	-9
Total Debt Repaid	-779	-772	-203	-164	-468	-27
Net Debt Issued (Repaid)	-162	424	-191	-7	-74	48
Repurchase of Common Stock	-	-	-	-	-194	-105
Common Dividends Paid	-146	-145	-145	-144	-150	-139
Other Financing Activities	-1	-	-	-1	-1	-1
Financing Cash Flow	-309	279	-336	-152	-419	-197
Foreign Exchange Rate Adjustments	-2	-3	-16	-30	7	-4
Net Cash Flow	52	109	-227	-14	-67	166
Free Cash Flow	363	248	115	170	346	398
Free Cash Flow Growth	278.13%	115.65%	-32.35%	-50.87%	-13.06%	105.16%
Free Cash Flow Margin	6.05%	4.08%	1.84%	2.58%	4.24%	7.80%
Free Cash Flow Per Share	4.96	3.39	1.58	2.34	4.59	5.00
Cash Interest Paid	-	-	-	43	19	-
Cash Income Tax Paid	16	9	16	34	118	56
Levered Free Cash Flow	286.63	-4	167.63	114.13	218.13	-401.88
Unlevered Free Cash Flow	321	35.38	197	141	231.88	-395.63
Change in Working Capital	203	154	43	219	-319	-485

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