Koninklijke KPN 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	855	848	844	760	1,288
Depreciation & Amortization	1,346	987	971	1,054	1,170
Other Amortization	-	240	218	240	266
Loss (Gain) From Sale of Assets	-	-2	-4	-7	-5
Asset Writedown & Restructuring Costs	-	20	25	65	35
Loss (Gain) on Equity Investments	11	14	9	-6	2
Stock-Based Compensation	6	2	5	7	6
Other Operating Activities	75	97	100	71	-637
Change in Accounts Receivable	-33	-	-	-	-
Change in Inventory	4	-	-	-	-
Change in Accounts Payable	114	-	-	-	-
Change in Other Net Operating Assets	-70	58	74	4	4
Operating Cash Flow	2,308	2,264	2,242	2,188	2,128
Operating Cash Flow Growth	1.94%	0.98%	2.47%	2.82%	4.16%
Capital Expenditures	-1,016	-1,006	-991	-961	-989
Sale of Property, Plant & Equipment	24	65	68	-	79
Cash Acquisitions	-132	-235	-214	-37	-30
Divestitures	-	26	23	14	196
Sale (Purchase) of Intangibles	-247	-308	-258	-245	-231
Sale (Purchase) of Real Estate	19	-	-	-	-
Investment in Securities	-54	62	-96	184	-37
Other Investing Activities	16	16	43	-38	-200
Investing Cash Flow	-1,390	-1,442	-1,427	-1,083	-1,212
Short-Term Debt Issued	3	-	-	-	-
Long-Term Debt Issued	988	996	593	-	689
Total Debt Issued	991	996	593	-	689
Long-Term Debt Repaid	-934	-1,082	-274	-1,105	-633
Net Debt Issued (Repaid)	57	-86	319	-1,105	56
Issuance of Common Stock	-	496	-	493	-
Repurchase of Common Stock	-469	-477	-300	-300	-200
Common Dividends Paid	-734	-694	-627	-588	-564
Other Financing Activities	-29	-8	2	1	-9
Financing Cash Flow	-1,175	-769	-606	-1,499	-717
Miscellaneous Cash Flow Adjustments	-	1	-	-	-1
Net Cash Flow	-257	54	209	-394	198
Free Cash Flow	1,292	1,258	1,251	1,227	1,139
Free Cash Flow Growth	2.70%	0.56%	1.96%	7.73%	1.61%
Free Cash Flow Margin	22.17%	22.45%	23.00%	23.10%	21.61%
Free Cash Flow Per Share	0.32	0.32	0.32	0.30	0.27
Cash Interest Paid	-	242	224	-	-
Cash Income Tax Paid	179	132	50	84	274
Levered Free Cash Flow	1,062	714.13	833.25	563.13	765.88
Unlevered Free Cash Flow	1,229	887.25	1,001	697.13	909.88
Change in Working Capital	15	58	74	4	4

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