BELEX:DNOS Cash Flow Statement

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

Millions RSD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	4,558	3,535	2,488	1,452	2,594	3,636	Upgrade
Depreciation & Amortization	1,601	1,486	1,118	591.56	618.64	406.73	Upgrade
Other Operating Activities	-254.04	942.8	1,423	-62.34	-498.5	289.99	Upgrade
Operating Cash Flow	5,905	5,963	5,029	1,981	2,714	4,333	Upgrade
Operating Cash Flow Growth	-25.97%	18.58%	153.88%	-27.03%	-37.36%	-17.60%	Upgrade
Capital Expenditures	-1,384	-2,067	-2,334	-1,108	-1,196	-244.11	Upgrade
Sale of Property, Plant & Equipment	565.47	662.14	1,176	593.48	-	-	Upgrade
Investment in Securities	-6,249	-4,866	-2,552	349.56	-1,022	-3,565	Upgrade
Other Investing Activities	2,469	2,082	669.14	416.55	190.37	670.65	Upgrade
Investing Cash Flow	-4,599	-4,189	-3,041	251.28	-2,028	-3,138	Upgrade
Short-Term Debt Issued	-	-	181.61	-	-	-	Upgrade
Long-Term Debt Issued	-	-	-	-	-	10.21	Upgrade
Total Debt Issued	64.17	-	181.61	-	-	10.21	Upgrade
Total Debt Repaid	-680.93	-763.95	-558.85	-245	-136.41	-50.46	Upgrade
Net Debt Issued (Repaid)	-616.76	-763.95	-377.25	-245	-136.41	-40.26	Upgrade
Common Dividends Paid	-1,158	-1,154	-514.11	-1,637	-1,466	-504.16	Upgrade
Other Financing Activities	-6.61	-22.23	-43.04	-72.08	-57.61	-80.3	Upgrade
Financing Cash Flow	-1,901	-1,940	-934.4	-1,954	-1,660	-624.72	Upgrade
Foreign Exchange Rate Adjustments	3.97	6.07	-0.49	12.63	4.49	-4.28	Upgrade
Net Cash Flow	-591.99	-160.63	1,053	290.72	-969.18	565.69	Upgrade
Free Cash Flow	4,521	3,896	2,694	872.47	1,518	4,089	Upgrade
Free Cash Flow Growth	-24.67%	44.59%	208.83%	-42.54%	-62.86%	-14.19%	Upgrade
Free Cash Flow Margin	8.93%	7.76%	6.61%	2.41%	4.54%	13.13%	Upgrade
Free Cash Flow Per Share	216.96	187.39	184.14	61.35	158.36	465.79	Upgrade
Cash Interest Paid	155.54	155.54	112.54	0.04	5.87	6.52	Upgrade
Cash Income Tax Paid	228.14	228.14	312.46	357.96	521.36	108.92	Upgrade
Levered Free Cash Flow	-7,222	-2,022	-961.3	2,166	-1,157	-284.53	Upgrade
Unlevered Free Cash Flow	-7,056	-1,893	-749.77	2,195	-1,148	-275.01	Upgrade

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