A2A S.p.A. (BIT:A2A)
Italy · Delayed Price · Currency is EUR 2.302
-0.040 (-1.71%)
Sep 1, 2026, 5:36 PM CET
A2A S.p.A. Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 687 | 750 | 864 | 659 | 401 | 504 |
Depreciation & Amortization | 978 | 955 | 893 | 801 | 724 | 666 |
Loss (Gain) on Sale of Assets | -38 | -38 | -3 | -3 | -191 | - |
Loss (Gain) on Equity Investments | -31 | -28 | -2 | 1 | -2 | -2 |
Asset Writedown | 11 | 13 | 14 | 17 | 10 | 19 |
Change in Accounts Receivable | 221 | -878 | -169 | 1,057 | -1,420 | -1,285 |
Change in Inventory | -43 | 8 | 10 | 217 | -332 | -56 |
Change in Accounts Payable | 14 | 1,005 | -435 | -1,420 | 2,587 | 1,329 |
Change in Other Net Operating Assets | -362 | 236 | 122 | -82 | -512 | 225 |
Other Operating Activities | 239 | 85 | 165 | 95 | 297 | -2 |
Operating Cash Flow | 1,676 | 2,108 | 1,459 | 1,342 | 1,562 | 1,398 |
Operating Cash Flow Growth | -5.20% | 44.48% | 8.72% | -14.09% | 11.73% | 63.89% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -1,239 | -1,166 | -1,051 | -947 | -856 | -714 |
Sale of Property, Plant & Equipment | 21 | 20 | 4 | 48 | 413 | 5 |
Cash Acquisitions | -166 | -38 | -1,309 | 8 | 180 | 27 |
Divestitures | 40 | 445 | - | - | - | - |
Sale (Purchase) of Intangibles | -479 | -515 | -461 | -429 | -384 | -360 |
Investment in Securities | -18 | -10 | -2 | -45 | -497 | -444 |
Other Investing Activities | 36 | -3 | 6 | - | 2 | - |
Investing Cash Flow | -1,805 | -1,267 | -2,813 | -1,359 | -1,142 | -1,486 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 2,903 | 1,942 | 943 | 4,339 | 1,147 |
Long-Term Debt Repaid | - | -3,029 | -1,081 | -1,541 | -2,782 | -727 |
Net Debt Issued (Repaid) | 305 | -126 | 861 | -598 | 1,557 | 420 |
Issuance of Common Stock | - | - | 742 | - | - | - |
Repurchase of Common Stock | -20 | -15 | - | - | - | -109 |
Common Dividends Paid | -383 | -370 | -329 | -302 | -302 | -263 |
Other Financing Activities | - | - | - | -38 | -55 | -8 |
Financing Cash Flow | -98 | -511 | 1,274 | -938 | 1,200 | 40 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 Cash Flow | -227 | 330 | -80 | -955 | 1,620 | -48 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 437 | 942 | 408 | 395 | 706 | 684 |
Free Cash Flow Growth | -31.29% | 130.88% | 3.29% | -44.05% | 3.22% | 70.15% |
Free Cash Flow Margin | 2.81% | 6.70% | 3.17% | 2.70% | 3.06% | 6.01% |
Free Cash Flow Per Share | 0.14 | 0.30 | 0.13 | 0.13 | 0.23 | 0.22 |
Levered Free Cash Flow | -214.38 | 921.75 | -408.75 | -138.25 | 298.25 | 107.88 |
Unlevered Free Cash Flow | -99.38 | 1,038 | -303.13 | -32 | 358.25 | 151.63 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 178 | 171 | 173 | - | - | - |
Cash Income Tax Paid | 221 | 402 | 304 | 317 | 201 | 165 |
Change in Working Capital | -170 | 371 | -472 | -228 | 323 | 213 |