Poste Italiane 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	2,214	1,994	1,922	1,578	1,578
Depreciation & Amortization	986	924	878	834	807
Loss (Gain) From Sale of Assets	-1	-	-112	-1	2
Asset Writedown & Restructuring Costs	8	5	4	-4	-17
Loss (Gain) From Sale of Investments	-	-14	-25	-2	-228
Provision & Write-off of Bad Debts	52	603	64	97	33
Other Operating Activities	-411	-328	-957	-3,170	2,380
Change in Accounts Receivable	-258	242	-696	261	-184
Change in Inventory	-	-5	-15	2	11
Change in Accounts Payable	-74	-154	25	91	129
Change in Other Net Operating Assets	202	-353	678	483	199
Operating Cash Flow	2,703	2,901	1,414	180	4,184
Operating Cash Flow Growth	-6.83%	105.16%	685.56%	-95.70%	118.26%
Capital Expenditures	-665	-498	-373	-341	-342
Sale of Property, Plant & Equipment	14	9	13	5	3
Cash Acquisitions	185	3	-95	-678	-40
Sale (Purchase) of Intangibles	-513	-467	-473	-469	-412
Sale (Purchase) of Real Estate	-	-1	-	-	-
Investment in Securities	-836	-32	-66	-123	369
Investing Cash Flow	-1,815	-986	-994	-1,606	-422
Long-Term Debt Issued	754	566	126	110	-
Total Debt Issued	754	566	126	110	-
Short-Term Debt Repaid	-324	-803	-380	-812	-366
Long-Term Debt Repaid	-	-	-	-	-87
Total Debt Repaid	-324	-803	-380	-812	-453
Net Debt Issued (Repaid)	430	-237	-254	-702	-453
Issuance of Common Stock	-	-	-	-	794
Repurchase of Common Stock	-49	-44	-55	-46	-
Common Dividends Paid	-1,488	-1,156	-877	-798	-662
Other Financing Activities	-14	-9	-6	-3	-
Financing Cash Flow	-1,121	-1,446	-1,192	-1,549	-321
Foreign Exchange Rate Adjustments	-	-	-	-	1
Net Cash Flow	-233	469	-772	-2,975	3,442
Free Cash Flow	2,038	2,403	1,041	-161	3,842
Free Cash Flow Growth	-15.19%	130.84%	-	-	137.60%
Free Cash Flow Margin	14.53%	17.82%	8.25%	-1.39%	12.12%
Free Cash Flow Per Share	1.57	1.86	0.80	-0.12	2.96
Cash Interest Paid	73	49	45	78	32
Cash Income Tax Paid	763	866	191	509	394
Levered Free Cash Flow	4,288	1,421	61,140	3,476	-901.88
Unlevered Free Cash Flow	4,330	1,454	61,164	3,497	-882.5
Change in Working Capital	-145	-283	-360	848	-371

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