Italian Exhibition Group 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	31.99	12.69	0.72	1.64
Depreciation & Amortization	17.72	16.94	15.35	15.24
Asset Writedown & Restructuring Costs	0.12	-	0.04	1.43
Loss (Gain) From Sale of Investments	0.32	3.99	-0.36	1.96
Provision & Write-off of Bad Debts	0.87	1.68	-	0.24
Other Operating Activities	-8.13	9.57	0.84	-3.85
Change in Accounts Receivable	-6.62	-2.56	-9.53	-9.81
Change in Inventory	-0.07	0.01	-0.12	0.05
Change in Accounts Payable	8.91	0.39	9.43	10.06
Change in Income Taxes	-0.72	0.04	-0.39	0.14
Change in Other Net Operating Assets	7.49	5.6	12.99	18.15
Operating Cash Flow	51.88	48.58	29.15	35.25
Operating Cash Flow Growth	6.78%	66.65%	-17.29%	-
Capital Expenditures	-22.62	-9.47	-4.91	-5.23
Sale of Property, Plant & Equipment	0.29	0.09	0.06	0.14
Cash Acquisitions	-4.46	-3.23	-2.87	-
Sale (Purchase) of Intangibles	-1.41	-1.23	-1.4	-0.62
Investment in Securities	0.31	-0.39	-4.21	-1.97
Other Investing Activities	-	-	0	0
Investing Cash Flow	-27.89	-14.23	-13.34	-7.67
Short-Term Debt Issued	0.03	-	0.34	0.08
Long-Term Debt Issued	41.16	-	-	14.89
Total Debt Issued	41.19	-	0.34	14.98
Short-Term Debt Repaid	-	-0.11	-2.51	-4.51
Long-Term Debt Repaid	-60.23	-14.74	-10.88	-9.91
Total Debt Repaid	-60.23	-14.84	-13.39	-14.42
Net Debt Issued (Repaid)	-19.04	-14.84	-13.05	0.56
Repurchase of Common Stock	-0.42	-0.45	-0.13	-
Common Dividends Paid	-4.28	-	-	-
Other Financing Activities	-4.54	-3.76	-4.71	-3.59
Financing Cash Flow	-28.28	-19.05	-17.88	-3.03
Miscellaneous Cash Flow Adjustments	-	-	-0	-
Net Cash Flow	-4.3	15.3	-2.07	24.54
Free Cash Flow	29.26	39.11	24.24	30.02
Free Cash Flow Growth	-25.19%	61.36%	-19.26%	-
Free Cash Flow Margin	11.71%	18.43%	15.20%	40.83%
Free Cash Flow Per Share	0.96	1.27	0.79	0.97
Cash Income Tax Paid	10.25	0.99	-	-
Levered Free Cash Flow	27.88	29.63	25.73	11.92
Unlevered Free Cash Flow	32.39	33.19	25.57	13.15
Change in Working Capital	8.99	3.73	12.55	18.59

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