Salvatore Ferragamo 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	-49.43	-68.09	26.06	69.61	78.65
Depreciation & Amortization	133.51	170.12	163.61	160.89	152.75
Other Amortization	7.88	8.8	9.31	9.69	10.18
Loss (Gain) From Sale of Assets	0.61	1.91	0.48	1.33	0.71
Asset Writedown & Restructuring Costs	45.74	85.3	6.88	0.39	0.24
Provision & Write-off of Bad Debts	7.68	0.69	2.12	1.65	0.67
Other Operating Activities	-23.84	-9.39	-25.46	4.48	5.11
Change in Accounts Receivable	8.7	26.22	-28.07	20.94	9.95
Change in Inventory	20.69	-28.07	-29.15	7.12	71.62
Change in Accounts Payable	-33.06	-10.02	1.48	-10.22	45.23
Change in Other Net Operating Assets	-9.16	-6.85	-9.74	1.19	1.03
Operating Cash Flow	109.32	170.62	117.5	267.07	376.13
Operating Cash Flow Growth	-35.93%	45.21%	-56.00%	-28.99%	325.82%
Capital Expenditures	-39.58	-61.31	-58.09	-41.61	-36.8
Sale of Property, Plant & Equipment	0.01	0.03	0.05	-	0.1
Cash Acquisitions	-	-	-	-	-3.63
Sale (Purchase) of Intangibles	-6	-9.43	-13.66	-14.26	-7.69
Investment in Securities	9.51	-15.14	-25.28	-10	-
Other Investing Activities	-	-	-	-	17.13
Investing Cash Flow	-36.06	-85.85	-96.97	-65.86	-30.89
Long-Term Debt Issued	-	29.57	51.56	-	-
Long-Term Debt Repaid	-125.82	-124.9	-116.4	-223.88	-147.82
Net Debt Issued (Repaid)	-125.82	-95.34	-64.84	-223.88	-147.82
Repurchase of Common Stock	-	-	-	-42.67	-12.76
Common Dividends Paid	-	-16.57	-46.35	-56.73	-
Other Financing Activities	-	-	-38.9	-	0.29
Financing Cash Flow	-125.82	-111.91	-150.09	-323.28	-160.29
Foreign Exchange Rate Adjustments	17.22	-3.24	5.66	1.63	-1.04
Net Cash Flow	-35.35	-30.37	-123.9	-120.44	183.92
Free Cash Flow	69.74	109.32	59.42	225.46	339.33
Free Cash Flow Growth	-36.21%	83.98%	-73.65%	-33.56%	425.04%
Free Cash Flow Margin	7.14%	10.56%	5.14%	18.01%	29.88%
Free Cash Flow Per Share	0.42	0.66	0.36	1.36	2.01
Cash Interest Paid	25.06	27.25	22.48	15.93	15.24
Cash Income Tax Paid	14.66	19.23	56.68	18.51	22.71
Levered Free Cash Flow	50.62	70.47	57.51	206.81	333.13
Unlevered Free Cash Flow	66.15	87.44	72.09	216.88	342.72
Change in Working Capital	-12.84	-18.72	-65.48	19.04	127.83

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