B.F. S.p.A. Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	10.37	1.18	4.99	-0.51
Depreciation & Amortization	43.11	37.52	30.21	12.89
Other Amortization	2.8	1.98	-	-
Loss (Gain) From Sale of Assets	-20.64	-1.49	-2.38	-0.4
Asset Writedown & Restructuring Costs	0.75	-1.9	1.22	-2.23
Loss (Gain) From Sale of Investments	-35.63	-19.34	2.58	-5.88
Provision & Write-off of Bad Debts	-	-	-	1.24
Other Operating Activities	-0.28	4.41	-17.59	-2.51
Change in Accounts Receivable	-24.98	18.62	49.14	16.5
Change in Inventory	26.82	5.52	-13.43	42.8
Change in Accounts Payable	8.07	-51.12	52.8	-31.13
Change in Other Net Operating Assets	-31.51	-30.24	-15.7	23.93
Operating Cash Flow	-21.1	-34.87	91.85	54.69
Operating Cash Flow Growth	-	-	67.94%	8806.84%
Capital Expenditures	-43.02	-21.64	-25.64	-16.44
Cash Acquisitions	-41.04	-5.94	10.26	-
Sale (Purchase) of Intangibles	-7.06	-18.06	-12.13	-15.84
Sale (Purchase) of Real Estate	0.7	-0.21	-0.45	-0.14
Investment in Securities	-73.92	-37.7	-24.09	-5.32
Other Investing Activities	-19.32	-12.24	-0.02	30.76
Investing Cash Flow	-183.66	-95.78	-52.07	-6.98
Short-Term Debt Issued	37.32	2.3	-	-
Long-Term Debt Issued	124.97	63.29	45.8	-
Total Debt Issued	162.28	65.59	45.8	-
Long-Term Debt Repaid	-87.26	-52.72	-31.12	-30.59
Net Debt Issued (Repaid)	75.02	12.86	14.69	-30.59
Issuance of Common Stock	-	299.3	-	40
Common Dividends Paid	-15.85	-9.66	-5.61	-2.62
Other Financing Activities	66.92	0.86	-0.17	33.74
Financing Cash Flow	126.09	303.36	8.9	40.53
Miscellaneous Cash Flow Adjustments	0	0	-	0
Net Cash Flow	-78.67	172.7	48.68	88.25
Free Cash Flow	-64.12	-56.51	66.2	38.25
Free Cash Flow Growth	-	-	73.07%	-
Free Cash Flow Margin	-4.29%	-4.17%	6.09%	12.79%
Free Cash Flow Per Share	-0.24	-0.22	0.35	0.22
Cash Interest Paid	35.15	24.8	7.67	2.39
Cash Income Tax Paid	2.61	4.96	4.17	2.17
Levered Free Cash Flow	-39.31	-59.84	7.53	-43.81
Unlevered Free Cash Flow	-15.55	-41.81	13.27	-42.31
Change in Working Capital	-21.59	-57.22	72.81	52.09

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