AMS:MICC 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	293	579	492	509
Depreciation & Amortization	338	313	298	305
Loss (Gain) From Sale of Assets	15	-	7	6
Asset Writedown & Restructuring Costs	-	63	59	67
Stock-Based Compensation	35	32	20	18
Other Operating Activities	33	56	-18	89
Change in Accounts Receivable	-1,514	41	30	-196
Change in Inventory	-49	3	54	-228
Change in Accounts Payable	1,332	26	-28	151
Operating Cash Flow	483	1,113	914	721
Operating Cash Flow Growth	-56.60%	21.77%	26.77%	-
Capital Expenditures	-357	-321	-278	-293
Sale of Property, Plant & Equipment	30	22	27	37
Cash Acquisitions	-	-61	-604	-
Sale (Purchase) of Intangibles	-3	-	-2	-2
Investment in Securities	-	-1	2	-1
Other Investing Activities	15	2	1	1
Investing Cash Flow	-315	-359	-854	-258
Short-Term Debt Issued	-	-	-	9
Long-Term Debt Issued	3,078	2	-	14
Total Debt Issued	3,078	2	-	23
Long-Term Debt Repaid	-56	-39	-48	-49
Net Debt Issued (Repaid)	3,022	-37	-48	-26
Common Dividends Paid	-83	-11	-	-
Other Financing Activities	-2,734	-689	-3	-444
Financing Cash Flow	205	-737	-51	-470
Foreign Exchange Rate Adjustments	-4	-	-2	-1
Net Cash Flow	369	17	7	-8
Free Cash Flow	126	792	636	428
Free Cash Flow Growth	-84.09%	24.53%	48.60%	-
Free Cash Flow Margin	1.59%	9.97%	8.35%	5.70%
Free Cash Flow Per Share	0.20	1.29	-	-
Cash Interest Paid	130	13	10	7
Cash Income Tax Paid	166	140	230	122
Levered Free Cash Flow	204	448.88	569.63	-
Unlevered Free Cash Flow	277.13	457	575.88	-
Change in Working Capital	-231	70	56	-273

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