Koninklijke KPN Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	885	855	848	844	760	1,288
Depreciation & Amortization	1,000	1,033	987	971	1,054	1,170
Other Amortization	258	258	240	218	240	266
Loss (Gain) From Sale of Assets	38	38	-2	-4	-7	-5
Asset Writedown & Restructuring Costs	23	23	20	25	65	35
Loss (Gain) on Equity Investments	11	11	14	9	-6	2
Stock-Based Compensation	8	6	2	5	7	6
Other Operating Activities	32	70	97	100	71	-637
Change in Accounts Receivable	28	-	-	-	-	-
Change in Inventory	-5	-	-	-	-	-
Change in Accounts Payable	-53	-	-	-	-	-
Change in Other Net Operating Assets	11	14	58	74	4	4
Operating Cash Flow	2,236	2,308	2,264	2,242	2,188	2,128
Operating Cash Flow Growth	0.31%	1.94%	0.98%	2.47%	2.82%	4.16%
Capital Expenditures	-997	-1,016	-1,006	-991	-961	-989
Sale of Property, Plant & Equipment	43	59	65	68	-	79
Cash Acquisitions	-71	-172	-235	-214	-37	-30
Divestitures	48	40	26	23	14	196
Sale (Purchase) of Intangibles	-251	-247	-308	-258	-245	-231
Investment in Securities	-121	-54	62	-96	184	-37
Other Investing Activities	-	-	16	43	-38	-200
Investing Cash Flow	-1,341	-1,390	-1,442	-1,427	-1,083	-1,212
Long-Term Debt Issued	-	988	996	593	-	689
Long-Term Debt Repaid	-	-934	-1,082	-274	-1,105	-633
Net Debt Issued (Repaid)	-677	54	-86	319	-1,105	56
Issuance of Common Stock	-	-	496	-	493	-
Repurchase of Common Stock	-255	-469	-477	-300	-300	-200
Common Dividends Paid	-730	-734	-694	-627	-588	-564
Other Financing Activities	-23	-26	-8	2	1	-9
Financing Cash Flow	-1,685	-1,175	-769	-606	-1,499	-717
Miscellaneous Cash Flow Adjustments	-1	-	-	-	-	-1
Net Cash Flow	-791	-257	53	209	-394	198
Free Cash Flow	1,239	1,292	1,258	1,251	1,227	1,139
Free Cash Flow Growth	-0.72%	2.70%	0.56%	1.96%	7.73%	1.61%
Free Cash Flow Margin	21.27%	22.29%	22.45%	23.00%	23.10%	21.61%
Free Cash Flow Per Share	0.32	0.34	0.32	0.32	0.30	0.27
Cash Interest Paid	247	247	242	224	-	-
Cash Income Tax Paid	183	179	132	50	84	274
Levered Free Cash Flow	230.25	805.88	718.5	833.25	563.13	765.88
Unlevered Free Cash Flow	388.63	967.38	887.25	1,001	697.13	909.88
Change in Working Capital	-19	14	58	74	4	4

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