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
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
Net Income	4,558	3,535	2,488	1,452	2,594	3,636
Depreciation & Amortization	2,947	1,486	1,118	591.56	618.64	406.73
Other Operating Activities	-1,600	942.8	1,423	-62.34	-498.5	289.99
Operating Cash Flow	5,905	5,963	5,029	1,981	2,714	4,333
Operating Cash Flow Growth	-25.97%	18.58%	153.88%	-27.03%	-37.36%	-17.60%
Capital Expenditures	-1,384	-2,067	-2,334	-1,108	-1,196	-244.11
Sale of Property, Plant & Equipment	922.39	662.14	1,176	593.48	-	-
Investment in Securities	-6,249	-4,866	-2,552	349.56	-1,022	-3,565
Other Investing Activities	2,112	2,082	669.14	416.55	190.37	670.65
Investing Cash Flow	-4,599	-4,189	-3,041	251.28	-2,028	-3,138
Short-Term Debt Issued	-	-	181.61	-	-	-
Long-Term Debt Issued	-	-	-	-	-	10.21
Total Debt Issued	64.17	-	181.61	-	-	10.21
Total Debt Repaid	-661.86	-763.95	-558.85	-245	-136.41	-50.46
Net Debt Issued (Repaid)	-597.69	-763.95	-377.25	-245	-136.41	-40.26
Common Dividends Paid	-1,158	-1,154	-514.11	-1,637	-1,466	-504.16
Other Financing Activities	-25.69	-22.23	-43.04	-72.08	-57.61	-80.3
Financing Cash Flow	-1,901	-1,940	-934.4	-1,954	-1,660	-624.72
Foreign Exchange Rate Adjustments	2.77	6.07	-0.49	12.63	4.49	-4.28
Net Cash Flow	-591.99	-160.63	1,053	290.72	-969.18	565.69
Free Cash Flow	4,521	3,896	2,694	872.47	1,518	4,089
Free Cash Flow Growth	-24.67%	44.59%	208.83%	-42.54%	-62.86%	-14.19%
Free Cash Flow Margin	8.93%	7.76%	6.61%	2.41%	4.54%	13.13%
Free Cash Flow Per Share	217.44	187.39	184.14	61.35	158.36	465.79
Cash Interest Paid	90.97	155.54	112.54	0.04	5.87	6.52
Cash Income Tax Paid	108.2	228.14	312.46	357.96	521.36	108.92
Levered Free Cash Flow	-1,217	-2,022	-961.3	2,166	-1,157	-284.53
Unlevered Free Cash Flow	-1,050	-1,893	-749.77	2,195	-1,148	-275.01

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