ATH:MOH 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	647.5	283.4	805.71	967.99	201.83
Depreciation & Amortization	277.09	253.24	242.39	176.62	165.9
Other Amortization	9.05	6.99	4.72	3.87	6.2
Asset Writedown & Restructuring Costs	0.1	-	0.39	2.21	4.77
Loss (Gain) From Sale of Investments	8.29	3.09	26.05	22.24	0.9
Loss (Gain) on Equity Investments	-52.73	0.59	-5.91	-143.38	-
Other Operating Activities	-265.82	-61.87	-379.56	444.88	63.37
Change in Accounts Receivable	17.21	112.88	8.8	-8.32	-359.64
Change in Inventory	50.05	76.2	-36.37	-310.41	-148.79
Change in Accounts Payable	109.18	-340.46	147.41	-26.6	338.95
Operating Cash Flow	799.92	334.07	813.63	1,129	273.49
Operating Cash Flow Growth	139.45%	-58.94%	-27.94%	312.86%	-
Capital Expenditures	-579.8	-315.02	-318.06	-257.55	-322.3
Sale of Property, Plant & Equipment	1.65	2.38	2.83	11.79	1.54
Cash Acquisitions	-125.35	-23.56	-55.32	-883.22	-124.69
Divestitures	16.35	21.82	10.56	39.62	17.56
Other Investing Activities	237.81	106.34	49.35	25.15	8.01
Investing Cash Flow	-449.33	-208.05	-310.64	-1,064	-419.89
Long-Term Debt Issued	936.01	905.87	1,425	1,557	1,438
Long-Term Debt Repaid	-894.28	-935	-1,613	-931.12	-1,196
Net Debt Issued (Repaid)	41.73	-29.13	-187.37	626.09	242.81
Issuance of Common Stock	20.24	3.33	6.47	-	-
Repurchase of Common Stock	-6.06	-19.26	-18.7	-26.91	-4.77
Common Dividends Paid	-158.44	-155.67	-177.25	-121.86	-22.16
Other Financing Activities	0.89	-123.52	-0.09	0.29	-0.3
Financing Cash Flow	-101.64	-324.25	-376.95	477.61	215.58
Foreign Exchange Rate Adjustments	-4.72	4.43	-2.96	-	-
Net Cash Flow	244.23	-193.8	123.08	542.5	69.18
Free Cash Flow	220.12	19.05	495.57	871.55	-48.82
Free Cash Flow Growth	1055.67%	-96.16%	-43.14%	-	-
Free Cash Flow Margin	1.92%	0.16%	3.72%	5.24%	-0.47%
Free Cash Flow Per Share	2.03	0.18	4.57	7.94	-0.44
Cash Interest Paid	116.05	134.18	131.49	92.05	124.08
Cash Income Tax Paid	289.12	369.65	570.56	89.33	7.46
Levered Free Cash Flow	-65.71	119.34	425.47	739.99	80.84
Unlevered Free Cash Flow	3.84	197.02	500.82	778.59	118.74
Change in Working Capital	176.44	-151.38	119.84	-345.32	-169.48

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.