Accolade 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	FY 2020	2015 - 2019
Period Ending	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	2015 - 2019
Net Income	3,724	3,747	2,235	2,847	1,744	Upgrade
Depreciation & Amortization	492	298	464	777	832	Upgrade
Gain (Loss) on Sale of Investments	-11,207	-9,402	20,928	-	-	Upgrade
Change in Accounts Receivable	-	-	-	398	1,012	Upgrade
Reinsurance Recoverable	54	-1,070	800	-	-	Upgrade
Change in Insurance Reserves / Liabilities	4,137	-5,435	4,420	-	-	Upgrade
Change in Other Net Operating Assets	1,775	-1,042	-2,534	-3,229	945	Upgrade
Other Operating Activities	16,220	14,592	-15,972	17,004	15,004	Upgrade
Operating Cash Flow	15,383	1,732	10,341	17,480	19,343	Upgrade
Operating Cash Flow Growth	788.16%	-83.25%	-40.84%	-9.63%	-4.90%	Upgrade
Capital Expenditures	-378	-177	-917	-	-335	Upgrade
Sale of Property, Plant & Equipment	-	-	-	334	-	Upgrade
Cash Acquisitions	-2,125	-	-1,192	-1,100	-812	Upgrade
Investment in Securities	-11,137	9,701	-1,157	-10,886	-9,221	Upgrade
Other Investing Activities	-768	-8,396	-5,494	-6,917	-6,549	Upgrade
Investing Cash Flow	-13,817	2,283	-9,016	-16,295	-15,981	Upgrade
Long-Term Debt Issued	2,408	572	341	1,894	-	Upgrade
Total Debt Repaid	-	-2,393	-356	-	-1,159	Upgrade
Net Debt Issued (Repaid)	2,408	-1,821	-15	1,894	-1,159	Upgrade
Repurchases of Common Stock	-764	-191	-500	-	-73	Upgrade
Common Dividends Paid	-1,986	-1,793	-1,909	-2,310	-783	Upgrade
Other Financing Activities	-	1	1	-261	-250	Upgrade
Financing Cash Flow	-342	-3,804	-2,423	-677	-2,265	Upgrade
Foreign Exchange Rate Adjustments	21	-28	47	49	-59	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-1	-1	1	Upgrade
Net Cash Flow	1,245	183	-1,052	556	1,039	Upgrade
Free Cash Flow	15,005	1,555	9,424	17,480	19,008	Upgrade
Free Cash Flow Growth	864.95%	-83.50%	-46.09%	-8.04%	-3.82%	Upgrade
Free Cash Flow Margin	27.13%	3.10%	18.57%	18.27%	23.46%	Upgrade
Free Cash Flow Per Share	9.75	1.00	6.00	11.00	11.92	Upgrade
Cash Interest Paid	2,046	1,653	1,435	-	-	Upgrade
Cash Income Tax Paid	1,003	806	1,698	1,176	1,366	Upgrade
Levered Free Cash Flow	4,457	3,269	-29,625	8,012	4,280	Upgrade
Unlevered Free Cash Flow	5,175	3,765	-29,245	8,472	4,803	Upgrade
Change in Net Working Capital	-561	410	31,736	-4,282	-1,380	Upgrade

Updated Jan 15, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.