Terna S.p.A. (BIT:TRN)
Italy · Delayed Price · Currency is EUR 10.03
-0.03 (-0.25%)
Aug 7, 2026, 9:26 AM CET
Terna Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 1,119 | 1,114 | 1,063 | 882.8 | 857.7 | 790.8 |
Depreciation & Amortization | 1,011 | 946.4 | 876.4 | 775.7 | 736.1 | 664.8 |
Other Adjustments | 7.3 | -1.5 | 82.5 | -63 | 8.2 | -37.5 |
Change in Receivables | -264.2 | -54.7 | -1,039 | 227.5 | 285.9 | -1,592 |
Changes in Inventories | 0.2 | -19.5 | -33.2 | 3.1 | -20.7 | -19.8 |
Changes in Accounts Payable | 715.9 | 622 | 621.3 | -664.9 | 604.8 | 1,169 |
Changes in Other Operating Activities | 370.4 | 21.5 | -94.3 | -76.3 | -148.3 | -142.2 |
Operating Cash Flow | 3,297 | 2,628 | 1,477 | 1,085 | 2,324 | 832.3 |
Operating Cash Flow Growth | 65.60% | 77.97% | 36.09% | -53.31% | 179.19% | -11.59% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -1,816 | -2,901 | -2,271 | -2,049 | -1,492 | -1,344 |
Sale of Property, Plant & Equipment | - | - | - | 19.4 | 15.6 | 32.9 |
Purchases of Intangible Assets | -232.7 | -400.8 | -266.5 | -216.2 | -212.4 | -130.8 |
Purchases of Investments | -289.8 | -302.3 | 54.1 | -121.3 | -348.1 | 599.6 |
Cash Acquisitions | -223.2 | -231.6 | - | -15.8 | - | -31.6 |
Proceeds from Business Divestments | - | - | 79.3 | - | 157 | - |
Other Investing Activities | 298 | - | - | 48.3 | 24.8 | 10.8 |
Investing Cash Flow | -2,586 | -3,835 | -2,404 | -2,334 | -1,855 | -863.3 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | 710.1 | 1,553 | 1,724 | 1,143 | -289 | -480.8 |
Net Long-Term Debt Issued (Repaid) | 710.1 | 1,553 | 1,724 | 1,143 | -289 | -480.8 |
Issuance of Common Stock | - | - | 842.1 | - | 989 | - |
Repurchase of Common Stock | - | -9 | -8 | -7 | -10 | -10 |
Net Common Stock Issued (Repurchased) | - | -9 | 834.1 | -7 | 979 | -10 |
Common Dividends Paid | -265.1 | -814.1 | -698.4 | -671.5 | -595.8 | -546.7 |
Other Financing Activities | 803.1 | - | - | - | -1.7 | -14.3 |
Financing Cash Flow | 436 | 729.6 | 1,859 | 464.3 | 92.5 | -1,052 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 Cash Flow | -564.8 | -477.9 | 931.6 | -785.2 | 560.8 | -1,083 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 1,481 | -272.8 | -794.5 | -963.9 | 831.4 | -511.9 |
Free Cash Flow Growth | - | - | - | - | - | - |
FCF Margin | 34.83% | -6.76% | -21.59% | -30.25% | 28.05% | -19.64% |
Free Cash Flow Per Share | 0.74 | -0.14 | -0.40 | -0.48 | 0.41 | -0.25 |
Levered Free Cash Flow | 2,106 | 1,334 | 1,885 | 17 | 247.6 | 635.7 |
Unlevered Free Cash Flow | 1,537 | -91.28 | 269.78 | -1,048 | 628.86 | 1,187 |