Italgas 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	478.85	439.57	407.29	362.81
Depreciation & Amortization	549.12	521.31	478.29	444.39
Loss (Gain) on Sale of Assets	37.87	38.49	-25.36	3.55
Loss (Gain) on Sale of Investments	-	-	-0.66	-2.01
Loss (Gain) on Equity Investments	-9.95	-1.82	-	-
Asset Writedown	-12.57	23.02	0.9	0.86
Stock-Based Compensation	-0.93	2.23	7.96	-
Change in Accounts Receivable	-191.38	-511.3	65.4	73.56
Change in Inventory	25.95	41.31	-4.75	-3.52
Change in Accounts Payable	-43.11	-431.74	400.38	-2.12
Change in Other Net Operating Assets	79.33	416.7	-797.77	6.43
Other Operating Activities	185.53	34.92	16.51	-44.33
Operating Cash Flow	1,099	572.67	548.17	839.63
Operating Cash Flow Growth	91.86%	4.47%	-34.71%	10.24%
Capital Expenditures	-33.45	-24.53	-10.65	-30.84
Sale of Property, Plant & Equipment	3.32	0.16	27.2	0.96
Cash Acquisitions	51.23	-	-874.74	-21.26
Divestitures	-	0.4	-	-
Sale (Purchase) of Intangibles	-848.02	-816.07	-473.37	-788.45
Investment in Securities	-30.14	-78.29	-	-
Other Investing Activities	47.97	60.73	47.73	25.85
Investing Cash Flow	-809.13	-857.6	-1,284	-813.74
Short-Term Debt Issued	11.67	8.53	-	-
Long-Term Debt Issued	1,168	537.98	602.66	1,492
Total Debt Issued	1,179	546.51	602.66	1,492
Short-Term Debt Repaid	-	-	-347.12	-223.54
Long-Term Debt Repaid	-1,017	-195.21	-222.58	-335.04
Total Debt Repaid	-1,017	-195.21	-569.7	-558.58
Net Debt Issued (Repaid)	162.3	351.31	32.96	933.72
Common Dividends Paid	-299.84	-270.48	-253.25	-243.14
Other Financing Activities	0.66	2.13	16.13	11.27
Financing Cash Flow	-136.88	82.95	-204.16	701.84
Net Cash Flow	152.7	-201.98	-939.82	727.74
Free Cash Flow	1,065	548.14	537.52	808.8
Free Cash Flow Growth	94.34%	1.98%	-33.54%	12.00%
Free Cash Flow Margin	42.66%	21.03%	23.91%	37.89%
Free Cash Flow Per Share	1.31	0.68	0.66	1.00
Cash Interest Paid	107.36	88.72	53.72	59.78
Cash Income Tax Paid	27.84	119.11	152.37	206.92
Levered Free Cash Flow	316.36	-77.28	217.63	-18.09
Unlevered Free Cash Flow	400.81	-20.49	250.33	11.47
Change in Working Capital	-129.22	-485.03	-336.75	74.36

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.