AMS:BESI Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	153.95	188.52	207.69	275.49	303.84
Depreciation & Amortization	33.72	28.6	25.73	22.99	17.56
Stock-Based Compensation	16.38	30.07	19.11	15.26	16.41
Other Adjustments	16.79	16.25	10.43	15.04	9.43
Change in Receivables	-10.81	-28.51	-0.71	43.17	-69.76
Changes in Inventories	-13.47	-10.41	-13.64	-1.99	-41.4
Changes in Accounts Payable	5.25	3.27	8.02	-34.09	25.83
Changes in Accrued Expenses	0.9	3.96	2.73	-0.78	4.23
Changes in Income Taxes Payable	-28.25	-23.26	-27.56	-35.35	-9.65
Changes in Other Operating Activities	3.68	-7.4	-23.23	-27.86	21.36
Operating Cash Flow	178.14	201.08	208.57	271.87	277.85
Operating Cash Flow Growth	-11.41%	-3.59%	-23.28%	-2.15%	71.49%
Capital Expenditures	-20.96	-12.04	-6.9	-6.78	-5.34
Sale of Property, Plant & Equipment	-	-	-	-	0.05
Purchases of Intangible Assets	-25.99	-19.44	-21.12	-21.61	-23.02
Other Investing Activities	160	-105	-44.93	44.71	3.45
Investing Cash Flow	113.05	-136.48	-72.95	16.32	-24.85
Short-Term Debt Issued	-0.78	0.78	-	-	-
Net Short-Term Debt Issued (Repaid)	-0.78	0.78	-	-	-
Long-Term Debt Issued	-	350	-	172.67	1.02
Long-Term Debt Repaid	-5.73	-4.31	-4.31	-4.1	-3.64
Net Long-Term Debt Issued (Repaid)	-5.73	345.69	-4.31	168.57	-2.62
Repurchase of Common Stock	-81.97	-79.83	-213.39	-146.78	-50.1
Net Common Stock Issued (Repurchased)	-81.97	-79.83	-213.39	-146.78	-50.1
Common Dividends Paid	-172.81	-171.53	-222.11	-269.47	-129.36
Other Financing Activities	-	-6.42	-	-	-
Financing Cash Flow	-261.28	88.67	-439.8	-247.68	-182.07
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.76	0.56	0.97	-0.22	5.05
Net Cash Flow	29.91	153.28	-304.18	40.51	70.94
Free Cash Flow	157.18	189.04	201.67	265.09	272.52
Free Cash Flow Growth	-16.85%	-6.26%	-23.92%	-2.73%	72.72%
FCF Margin	26.58%	31.12%	34.84%	36.67%	36.37%
Free Cash Flow Per Share	1.97	2.31	2.44	3.10	3.19
Levered Free Cash Flow	106.02	511.17	137.94	325.36	292.4
Unlevered Free Cash Flow	128.86	171.53	147.11	173.06	307.79

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.