AMS:MICC Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	581	579	492	509
Depreciation & Amortization	306	313	298	305
Loss (Gain) From Sale of Assets	8	-	7	6
Asset Writedown & Restructuring Costs	63	63	59	67
Stock-Based Compensation	32	32	20	18
Other Operating Activities	57	56	-18	89
Change in Accounts Receivable	-81	41	30	-196
Change in Inventory	-65	3	54	-228
Change in Accounts Payable	160	26	-28	151
Operating Cash Flow	1,010	1,113	914	721
Operating Cash Flow Growth	40.08%	21.77%	26.77%	-
Capital Expenditures	-343	-321	-278	-293
Sale of Property, Plant & Equipment	24	22	27	37
Cash Acquisitions	-	-61	-604	-
Sale (Purchase) of Intangibles	-	-	-2	-2
Investment in Securities	1	-1	2	-1
Other Investing Activities	4	2	1	1
Investing Cash Flow	-314	-359	-854	-258
Short-Term Debt Issued	-	-	-	9
Long-Term Debt Issued	-	2	-	14
Total Debt Issued	-7	2	-	23
Long-Term Debt Repaid	-	-39	-48	-49
Net Debt Issued (Repaid)	-53	-37	-48	-26
Common Dividends Paid	-21	-11	-	-
Other Financing Activities	-604	-689	-3	-444
Financing Cash Flow	-678	-737	-51	-470
Foreign Exchange Rate Adjustments	-4	-	-2	-1
Net Cash Flow	14	17	7	-8
Free Cash Flow	667	792	636	428
Free Cash Flow Growth	55.84%	24.53%	48.60%	-
Free Cash Flow Margin	8.28%	9.97%	8.35%	5.70%
Free Cash Flow Per Share	-	1.29	-	-
Cash Interest Paid	16	13	10	7
Cash Income Tax Paid	102	140	230	122
Levered Free Cash Flow	-	448.88	569.63	-
Unlevered Free Cash Flow	-	457	575.88	-
Change in Working Capital	-37	70	56	-273

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