Snam S.p.A. 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	1,422	1,259	1,135	671	1,496
Depreciation & Amortization	1,124	984	925	868	809
Loss (Gain) From Sale of Assets	13	13	10	24	13
Asset Writedown & Restructuring Costs	-	45	201	22	11
Loss (Gain) From Sale of Investments	-	-3	-76	255	-
Loss (Gain) on Equity Investments	-380	-343	-410	-144	-294
Other Operating Activities	608	623	362	5	-84
Change in Accounts Receivable	-	128	-413	-1,549	-1,173
Change in Inventory	-	621	401	-3,064	-11
Change in Accounts Payable	-	-6	-584	151	709
Change in Other Net Operating Assets	-99	-1,507	-1,686	6,870	-138
Operating Cash Flow	2,688	1,814	-135	4,109	1,338
Operating Cash Flow Growth	48.18%	-	-	207.10%	-16.22%
Capital Expenditures	-2,709	-2,538	-1,543	-1,142	-1,096
Sale of Property, Plant & Equipment	5	4	1	6	-
Cash Acquisitions	-564	-	-402	-458	-
Divestitures	-	3	-	-	-
Sale (Purchase) of Intangibles	-	-276	-253	-179	-148
Investment in Securities	277	-168	-181	143	-453
Other Investing Activities	27	290	120	65	7
Investing Cash Flow	-2,964	-2,681	-2,231	-1,368	-1,678
Short-Term Debt Issued	-	-	1,669	-	-
Long-Term Debt Issued	1,204	5,426	2,560	2,269	1,600
Total Debt Issued	1,204	5,426	4,229	2,269	1,600
Short-Term Debt Repaid	-	-910	-	-1,888	-889
Long-Term Debt Repaid	-66	-1,928	-1,303	-1,829	-1,302
Total Debt Repaid	-66	-2,838	-1,303	-3,717	-2,191
Net Debt Issued (Repaid)	1,138	2,588	2,926	-1,448	-591
Repurchase of Common Stock	-977	-2	-3	-3	-5
Common Dividends Paid	-	-946	-933	-866	-811
Other Financing Activities	-48	-349	1	-4	40
Financing Cash Flow	113	1,291	1,991	-2,321	-1,367
Net Cash Flow	-163	424	-375	420	-1,707
Free Cash Flow	-21	-724	-1,678	2,967	242
Free Cash Flow Growth	-	-	-	1126.03%	-59.40%
Free Cash Flow Margin	-0.54%	-20.29%	-39.13%	84.41%	7.34%
Free Cash Flow Per Share	-	-0.22	-0.50	0.89	0.07
Cash Interest Paid	-	359	217	123	115
Cash Income Tax Paid	-	177	272	482	407
Levered Free Cash Flow	-	-699.75	-1,346	2,022	-529
Unlevered Free Cash Flow	-	-449.75	-1,189	2,110	-457.75
Change in Working Capital	-99	-764	-2,282	2,408	-613

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