MFE-Mediaforeurope Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	300.7	137.9	209.2	216.9	374.1
Depreciation & Amortization	131.8	86.8	83.4	85.9	95.1
Other Amortization	438.7	347.5	396.4	411.5	386.1
Asset Writedown & Restructuring Costs	53	0.6	-0.4	22.9	0.5
Provision & Write-off of Bad Debts	4.8	1.4	0.7	3.2	-0.5
Other Operating Activities	-52.1	191.9	74.2	6.9	14.8
Change in Accounts Receivable	15.1	-20.9	-26.6	46.9	30.8
Change in Accounts Payable	-35.7	89.8	15.6	14.2	31.6
Change in Other Net Operating Assets	243.3	-20	16.5	-33.4	59
Operating Cash Flow	1,100	815	769	775	991.5
Operating Cash Flow Growth	34.92%	5.98%	-0.77%	-21.84%	20.75%
Capital Expenditures	-84.4	-45	-47.1	-52.5	-58.9
Sale of Property, Plant & Equipment	0.1	3	0.4	5.8	2.9
Cash Acquisitions	155.5	6	-	-0.1	-
Sale (Purchase) of Intangibles	-474.8	-410.3	-421	-361.1	-437.6
Investment in Securities	-71.5	-28	-78.7	-36.7	-84.2
Other Investing Activities	42.2	42.9	35.9	56.7	162.4
Investing Cash Flow	-432.9	-431.4	-510.5	-387.9	-415.4
Long-Term Debt Issued	753.6	-	280	596.3	416
Long-Term Debt Repaid	-686.6	-262.7	-635.9	-404.2	-766.8
Net Debt Issued (Repaid)	67	-262.7	-355.9	192.1	-350.8
Repurchase of Common Stock	-	-	-	-32.6	-
Common Dividends Paid	-152	-140.1	-140.1	-133	-
Other Financing Activities	-64.7	-23.4	-109.7	-206.7	-15.5
Financing Cash Flow	-149.7	-426.2	-605.7	-180.2	-708.4
Miscellaneous Cash Flow Adjustments	-1.2	-	-	-	-
Net Cash Flow	515.8	-42.6	-347.2	206.9	-132.3
Free Cash Flow	1,015	770	721.9	722.5	932.6
Free Cash Flow Growth	31.84%	6.66%	-0.08%	-22.53%	24.81%
Free Cash Flow Margin	25.23%	26.17%	25.75%	25.84%	32.38%
Free Cash Flow Per Share	1.45	1.37	1.29	1.65	2.04
Cash Interest Paid	43.6	20.1	27.5	12.1	9.6
Cash Income Tax Paid	35.2	35.7	30.6	55.9	50
Levered Free Cash Flow	749.98	179.54	146.68	188.93	361.34
Unlevered Free Cash Flow	776.23	194.29	169.36	200.18	366.59
Change in Working Capital	222.7	48.9	5.5	27.7	121.4

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