Havas N.V. (AMS:HAVAS)
Netherlands · Delayed Price · Currency is EUR 18.95
+0.25 (1.34%)
Aug 14, 2026, 5:38 PM CET
Havas Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 | 199 | 189 | 173 | 167 | 171 | 113 |
Depreciation & Amortization | 109 | 111 | 124 | 134 | 145 | 116 |
Other Amortization | - | - | 10 | 9 | 5 | 11 |
Loss (Gain) From Sale of Assets | - | - | 3 | 5 | 5 | -2 |
Asset Writedown & Restructuring Costs | -6 | -7 | -11 | -12 | -7 | 9 |
Stock-Based Compensation | 7 | 6 | 11 | - | - | - |
Other Operating Activities | 61 | 37 | 3 | 27 | 11 | 46 |
Change in Accounts Receivable | 18 | 26 | 98 | -57 | -60 | -328 |
Change in Inventory | -25 | -26 | -22 | 20 | -6 | 56 |
Change in Accounts Payable | -7 | 18 | -188 | 10 | 174 | 157 |
Change in Other Net Operating Assets | 12 | 9 | 41 | 38 | -68 | 154 |
Operating Cash Flow | 368 | 363 | 242 | 341 | 370 | 332 |
Operating Cash Flow Growth | 36.80% | 50.00% | -29.03% | -7.84% | 11.45% | 20.29% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -30 | -31 | -29 | -30 | -37 | -26 |
Sale of Property, Plant & Equipment | - | 1 | 1 | 1 | 1 | - |
Cash Acquisitions | -49 | -39 | -28 | -96 | -41 | -14 |
Divestitures | 4 | 4 | 1 | - | 5 | 4 |
Sale (Purchase) of Intangibles | -5 | -5 | -5 | -5 | - | - |
Investment in Securities | -46 | - | - | - | - | - |
Other Investing Activities | 18 | 17 | 141 | 38 | -112 | 23 |
Investing Cash Flow | -112 | -53 | 82 | -94 | -184 | -16 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Short-Term Debt Issued | - | - | - | - | - | 275 |
Long-Term Debt Issued | - | 75 | - | - | - | - |
Total Debt Issued | 25 | 75 | - | - | - | 275 |
Short-Term Debt Repaid | - | - | - | - | -390 | - |
Long-Term Debt Repaid | - | -82 | -85 | -85 | -90 | -76 |
Total Debt Repaid | -151 | -82 | -85 | -85 | -480 | -76 |
Net Debt Issued (Repaid) | -126 | -7 | -85 | -85 | -480 | 199 |
Issuance of Common Stock | - | - | - | 1 | - | 1 |
Repurchase of Common Stock | -28 | -25 | - | - | - | - |
Common Dividends Paid | -78 | -79 | -85 | -85 | -77 | -33 |
Other Financing Activities | -72 | -57 | -127 | -74 | -81 | -91 |
Financing Cash Flow | -304 | -168 | -447 | -243 | -638 | 76 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | 3 | -75 | 23 | -28 | 22 | 44 |
Miscellaneous Cash Flow Adjustments | - | - | - | 1 | - | - |
Net Cash Flow | -45 | 67 | -100 | -23 | -430 | 436 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 338 | 332 | 213 | 311 | 333 | 306 |
Free Cash Flow Growth | 42.02% | 55.87% | -31.51% | -6.61% | 8.82% | 49.27% |
Free Cash Flow Margin | 11.57% | 11.40% | 7.44% | 10.83% | 12.04% | 13.07% |
Free Cash Flow Per Share | 3.43 | 3.35 | 2.13 | 3.14 | 7.81 | 7.18 |
Levered Free Cash Flow | 429.25 | 328.88 | 332.63 | 305.5 | 222 | - |
Unlevered Free Cash Flow | 435.5 | 335.13 | 335.75 | 309.63 | 228.88 | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash Interest Paid | 30 | 29 | 42 | 39 | 30 | 59 |
Cash Income Tax Paid | 71 | 85 | 87 | 89 | 91 | 63 |
Change in Working Capital | -2 | 27 | -71 | 11 | 40 | 39 |