Randstad 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	299	123	624	929	768
Depreciation & Amortization	286	284	276	259	285
Other Amortization	31	41	49	50	55
Loss (Gain) From Sale of Assets	-	-	-	-	1
Asset Writedown & Restructuring Costs	4	156	77	34	23
Loss (Gain) From Sale of Investments	-2	5	8	-	-33
Stock-Based Compensation	40	60	59	49	44
Other Operating Activities	120	64	-16	-40	60
Change in Other Net Operating Assets	90	-89	112	-213	-290
Operating Cash Flow	872	649	1,194	1,073	914
Operating Cash Flow Growth	34.36%	-45.65%	11.28%	17.40%	-37.48%
Capital Expenditures	-35	-41	-39	-62	-65
Sale of Property, Plant & Equipment	1	4	1	7	4
Cash Acquisitions	-2	-381	-54	-170	-126
Divestitures	-	-32	-	-1	-5
Sale (Purchase) of Intangibles	-39	-47	-55	-67	-67
Investment in Securities	8	-	4	5	52
Investing Cash Flow	-69	-518	-147	-290	-207
Short-Term Debt Issued	150	-	80	58	-
Long-Term Debt Issued	935	2,111	527	766	664
Total Debt Issued	1,085	2,111	607	824	664
Short-Term Debt Repaid	-49	-69	-	-	-125
Long-Term Debt Repaid	-1,464	-1,200	-784	-1,180	-196
Total Debt Repaid	-1,513	-1,269	-784	-1,180	-321
Net Debt Issued (Repaid)	-428	842	-177	-356	343
Repurchase of Common Stock	-2	-183	-294	-81	-54
Preferred Dividends Paid	-8	-8	-8	-8	-8
Common Dividends Paid	-284	-627	-522	-400	-596
Dividends Paid	-292	-635	-530	-408	-604
Other Financing Activities	-51	-45	-33	-15	-7
Financing Cash Flow	-773	-21	-1,034	-1,374	-322
Foreign Exchange Rate Adjustments	12	-14	-26	6	-
Net Cash Flow	42	96	-13	-585	385
Free Cash Flow	837	608	1,155	1,011	849
Free Cash Flow Growth	37.66%	-47.36%	14.24%	19.08%	-39.96%
Free Cash Flow Margin	3.63%	2.52%	4.54%	3.67%	3.45%
Free Cash Flow Per Share	4.77	3.43	6.43	5.51	4.58
Cash Interest Paid	65	59	52	20	15
Cash Income Tax Paid	96	219	256	261	204
Levered Free Cash Flow	765.75	454.75	934.05	673.5	550.63
Unlevered Free Cash Flow	821.38	507.88	982.18	696	566.88
Change in Working Capital	90	-89	112	-213	-290

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