ForFarmers 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	49.9	31.4	-1	18	12
Depreciation & Amortization	61.6	47.7	41.9	43.3	43.6
Other Amortization	1.9	3.3	2.5	2.2	2.2
Loss (Gain) From Sale of Assets	-4.5	-6	-2.1	-0.3	-2.7
Asset Writedown & Restructuring Costs	-	-	13.8	2.6	4.5
Loss (Gain) on Equity Investments	-0.5	-3.2	-5.2	-4.3	-3.8
Stock-Based Compensation	1.5	1.1	1	0.6	0.5
Provision & Write-off of Bad Debts	-3.1	0.8	-1.3	3.4	0.2
Other Operating Activities	17.3	9.9	-1.1	9.8	-2.7
Change in Accounts Receivable	27	16.6	82.3	-65.4	-45.3
Change in Inventory	3.3	-8.3	49.7	-34.6	-21.2
Change in Accounts Payable	0.8	-17.7	-88.7	82.7	73.2
Change in Other Net Operating Assets	-6.9	-5.4	-5.3	-9.8	-5.8
Operating Cash Flow	148.3	70.2	86.5	48.2	54.7
Operating Cash Flow Growth	111.25%	-18.84%	79.46%	-11.88%	-44.27%
Capital Expenditures	-50.9	-26.8	-31.4	-33.4	-36.5
Sale of Property, Plant & Equipment	15.6	15.8	3.9	1	5.8
Cash Acquisitions	0.1	-74.2	-5.5	-3.4	-25
Sale (Purchase) of Intangibles	-0.8	-1.4	-3	-1.9	-3
Investment in Securities	-	-	25.8	-	-
Other Investing Activities	1	8.3	3	2.9	3.2
Investing Cash Flow	-35	-78.3	-7.2	-34.8	-55.5
Long-Term Debt Issued	125.5	50	30	75	68
Long-Term Debt Repaid	-128.9	-42.6	-74.6	-51.8	-36
Net Debt Issued (Repaid)	-3.4	7.4	-44.6	23.2	32
Issuance of Common Stock	-	-	-	0.2	0.7
Repurchase of Common Stock	-1.7	-	-1.7	-15.8	-8.3
Common Dividends Paid	-17.6	-13	-17.4	-24.8	-26.4
Other Financing Activities	-7.6	-1.8	-3.2	-0.6	-0.5
Financing Cash Flow	-30.3	-7.4	-66.9	-17.8	-2.5
Foreign Exchange Rate Adjustments	-0.6	0.2	-0.2	-3.1	-0.8
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0.1
Net Cash Flow	82.4	-15.3	12.2	-7.5	-4.2
Free Cash Flow	97.4	43.4	55.1	14.8	18.2
Free Cash Flow Growth	124.42%	-21.23%	272.30%	-18.68%	-72.28%
Free Cash Flow Margin	3.09%	1.58%	1.85%	0.45%	0.68%
Free Cash Flow Per Share	1.10	0.49	0.62	0.17	0.19
Cash Interest Paid	6.6	6.7	7.3	3.5	1.3
Cash Income Tax Paid	12.3	6.8	4.2	0.1	16.9
Levered Free Cash Flow	58.58	14.98	54.89	23.13	15.23
Unlevered Free Cash Flow	62.51	18.91	59.89	26.81	17.29
Change in Working Capital	24.2	-14.8	38	-27.1	0.9

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.