Ferrari Group Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	52.89	52.76	40.4	-
Depreciation & Amortization	13.63	10.04	8.59	-
Loss (Gain) From Sale of Assets	0.21	-0.11	-	-
Loss (Gain) From Sale of Investments	-	0.58	-	-
Loss (Gain) on Equity Investments	-0.95	-2.37	-1.75	-
Provision & Write-off of Bad Debts	0.43	0.8	1.16	-
Other Operating Activities	2.67	6.27	11.84	-
Change in Accounts Receivable	2.16	4.05	-15.08	-
Change in Inventory	-0.07	0.83	-0.97	-
Change in Accounts Payable	1.27	-4.84	-8.92	-
Change in Other Net Operating Assets	-6.06	0.89	-3.14	-
Operating Cash Flow	66.18	68.91	32.13	-
Operating Cash Flow Growth	-3.97%	114.47%	-	-
Capital Expenditures	-9.5	-4.75	-4.39	-
Sale of Property, Plant & Equipment	0.25	0.69	17.43	-
Cash Acquisitions	-	0.19	2.41	-
Sale (Purchase) of Intangibles	-2.99	-0.19	-0.2	-
Investment in Securities	0.45	-2.05	0.24	-
Other Investing Activities	-2.12	-	0	-
Investing Cash Flow	-13.91	-6.11	15.49	-
Long-Term Debt Issued	0.21	0.58	0.18	-
Long-Term Debt Repaid	-19.27	-12.96	-10.32	-
Net Debt Issued (Repaid)	-19.06	-12.39	-10.14	-
Common Dividends Paid	-22.81	-26.19	-8.96	-
Other Financing Activities	-	-0	-	-
Financing Cash Flow	-41.87	-38.57	-19.1	-
Foreign Exchange Rate Adjustments	-0.17	1.27	1.25	-
Miscellaneous Cash Flow Adjustments	-0	-	-	-
Net Cash Flow	10.23	25.5	29.77	-
Free Cash Flow	56.68	64.16	27.74	-
Free Cash Flow Growth	-11.66%	131.32%	-	-
Free Cash Flow Margin	17.02%	20.67%	11.74%	-
Free Cash Flow Per Share	0.74	0.83	0.36	-
Cash Interest Paid	2.26	1.48	0.73	-
Cash Income Tax Paid	15.74	16.2	7.63	-
Levered Free Cash Flow	41.09	57.19	11.35	-
Unlevered Free Cash Flow	41.89	57.88	11.92	-
Change in Net Working Capital	4.49	-7.47	26.1	-

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