Reply 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
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
Net Income	211.14	186.7	191.02	150.67	123.6
Depreciation & Amortization	64.86	75.21	58.61	48.39	42.44
Other Amortization	3.9	-	-	-	-
Asset Writedown & Restructuring Costs	16.18	-	-	-	-
Other Operating Activities	73.04	28.34	-34.67	15.11	-17.03
Change in Accounts Receivable	20.06	-76.2	-47.69	-37.92	87.54
Change in Inventory	-14.1	33.77	-8.28	-26.69	-4.46
Change in Accounts Payable	-15.71	22.17	1.65	25.77	-5.8
Change in Other Net Operating Assets	6.48	-12.11	8.02	24.54	2.74
Operating Cash Flow	349.44	249.79	184.57	207.58	229.03
Operating Cash Flow Growth	39.89%	35.34%	-11.08%	-9.37%	12.94%
Capital Expenditures	-48.38	-29.27	-41.77	-37.12	-16.37
Cash Acquisitions	-89.01	-10.94	-190.02	-93.16	-57.17
Investment in Securities	-13.18	-0.49	-2.56	-29.81	-3.02
Other Investing Activities	-	-	0	-0	0
Investing Cash Flow	-150.58	-40.69	-234.35	-160.09	-76.55
Long-Term Debt Issued	13.1	6.5	80.4	-	1.46
Long-Term Debt Repaid	-64.6	-56.85	-41.51	-40.39	-40.12
Net Debt Issued (Repaid)	-51.5	-50.35	38.89	-40.39	-38.66
Repurchase of Common Stock	-	-	-9.9	-7.2	-
Common Dividends Paid	-37.28	-37.28	-29.76	-20.91	-20.09
Other Financing Activities	-1.98	-1.12	-0.88	3.19	-0.8
Financing Cash Flow	-90.76	-88.75	-1.65	-65.31	-59.55
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	108.11	120.36	-51.43	-17.82	92.93
Free Cash Flow	301.06	220.53	142.8	170.46	212.66
Free Cash Flow Growth	36.52%	54.43%	-16.22%	-19.85%	14.22%
Free Cash Flow Margin	12.92%	10.30%	7.47%	11.35%	16.75%
Free Cash Flow Per Share	8.05	5.92	3.83	4.56	5.68
Cash Interest Paid	3.17	3.78	1.8	0.79	0.79
Cash Income Tax Paid	96.12	71.66	76.55	68.53	44.83
Levered Free Cash Flow	250.26	175.8	98.28	163.36	222.3
Unlevered Free Cash Flow	256.08	181.6	101.99	166.36	225.1
Change in Working Capital	-19.67	-40.45	-30.38	-6.6	80.02

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.