Vonovia SE 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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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	2,798	-896	-6,285	-643.8	2,441	3,269
Depreciation & Amortization	428.9	127.1	314.1	321.7	96.4	90.2
Other Amortization	2.7	2.7	2.4	1.7	1.3	1.6
Gain (Loss) on Sale of Assets	-107.3	-120.8	-78.2	-140	-165.6	-182.2
Asset Writedown	-393	1,572	10,993	2,226	-3,619	-3,719
Change in Other Net Operating Assets	396.6	332.1	-340.2	-106.6	51.2	-134.6
Other Operating Activities	-422.2	1,385	-2,705	425.8	3,019	2,106
Operating Cash Flow	2,704	2,402	1,901	2,084	1,824	1,431
Operating Cash Flow Growth	19.44%	26.32%	-8.79%	14.28%	27.50%	-8.06%
Acquisition of Real Estate Assets	-2,553	-1,266	-1,104	-2,476	-1,957	-1,724
Sale of Real Estate Assets	1,763	1,398	588.4	3,034	1,085	587.4
Net Sale / Acq. of Real Estate Assets	-790	132.4	-515.3	558.1	-872.3	-1,136
Cash Acquisition	-2.4	-2.4	-	-	-17,123	-330.3
Investment in Marketable & Equity Securities	9.3	-	-314	499.6	-912.8	-
Other Investing Activities	-64.7	-317.6	3.4	-119.5	-207.9	-263.3
Investing Cash Flow	-511.4	-187.6	-825.9	938.2	-19,116	-1,730
Long-Term Debt Issued	-	2,944	4,310	6,803	23,945	4,189
Long-Term Debt Repaid	-	-3,255	-6,228	-8,582	-11,561	-3,745
Net Debt Issued (Repaid)	-533.1	-311.3	-1,918	-1,779	12,384	444
Issuance of Common Stock	-	-	-	-	8,081	1,003
Repurchase of Common Stock	-	-	-	-	-1,040	-40
Common Dividends Paid	-647.2	-506.4	-372.9	-672.3	-514.6	-520.8
Other Financing Activities	-167.3	-1,003	1,330	-693.8	-784.9	-483.6
Foreign Exchange Rate Adjustments	-1.2	-3.4	2.1	-7.8	-2.3	9.4
Miscellaneous Cash Flow Adjustments	-	-	-	-	-11.3	-
Net Cash Flow	843.9	389.6	116.4	-130.4	819.5	112.6
Cash Interest Paid	864	766.8	719.3	541	402.6	409.2
Cash Income Tax Paid	170.5	250.7	154.3	188.2	93	78.3
Levered Free Cash Flow	3,834	356.34	85.76	1,914	-2,234	604.7
Unlevered Free Cash Flow	4,389	924.21	592.14	2,143	-1,977	861.83
Change in Working Capital	396.6	332.1	-340.2	-106.6	51.2	-134.6

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