Enel SpA Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	5,450	5,581	8,229	4,267	2,920	3,857
Depreciation & Amortization	9,546	9,478	7,249	8,457	8,809	8,691
Other Adjustments	1,175	183	-1,147	2,500	881	-1,536
Change in Receivables	-501.5	310	490	-2,487	-2,783	-4,951
Changes in Inventories	-634	356	558	435	-2,166	-649
Changes in Accounts Payable	-290	-1,471	-2,451	-1,165	1,333	4,357
Changes in Other Operating Activities	-1,555	-511	295	2,009	-4,306	-951
Operating Cash Flow	14,198	13,926	13,223	14,620	8,649	9,915
Operating Cash Flow Growth	18.03%	5.32%	-9.55%	69.04%	-12.77%	-13.84%
Capital Expenditures	-8,982	-8,506	-8,931	-11,383	-11,281	-10,545
Purchases of Intangible Assets	-1,734	-2,167	-2,079	-2,180	-3,222	-2,563
Proceeds from Sale of Investments	167	167	1,944	-	-	-
Payments for Business Acquisitions	-211	-1,089	-	-17	-1,275	-283
Proceeds from Business Divestments	79	53	5,622	2,083	2,032	61
Other Investing Activities	242	170	123	449	132	1,160
Investing Cash Flow	-8,914	-11,072	-4,108	-10,610	-13,626	-10,875
Long-Term Debt Issued	11,200	11,330	6,906	7,079	22,399	18,108
Long-Term Debt Repaid	-7,162	-8,554	-10,727	-6,006	-9,359	-11,321
Net Long-Term Debt Issued (Repaid)	4,038	2,776	-3,821	1,073	13,040	6,787
Repurchase of Common Stock	-3,153	-1,947	-27	-20	-14	-13
Net Common Stock Issued (Repurchased)	-3,153	-1,947	-27	-20	-14	-13
Common Dividends Paid	-6,794	-5,794	-5,126	-5,135	-4,901	-4,970
Other Financing Activities	-1,951	-183	198	-3,841	-743	3,422
Financing Cash Flow	-8,021	-5,448	-7,989	-8,361	7,394	3,931
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-147	-282	-74	-49	136	17
Net Cash Flow	-659	-2,876	1,052	-4,400	2,553	2,988
Free Cash Flow	5,217	5,420	4,292	3,237	-2,632	-630
Free Cash Flow Growth	-3.75%	26.28%	32.59%	-	-	-
FCF Margin	6.48%	6.75%	5.44%	3.39%	-1.87%	-0.73%
Free Cash Flow Per Share	0.51	0.54	0.42	0.32	-0.26	-0.06
Levered Free Cash Flow	6,817	6,347	-85	3,239	9,002	10,787
Unlevered Free Cash Flow	5,902	7,067	7,450	5,127	-962.54	6,179

Updated May 8, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.