Terna S.p.A. (BIT:TRN)
Italy · Delayed Price · Currency is EUR 9.69
-0.21 (-2.10%)
Aug 27, 2026, 5:37 PM 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 | 1,115 | 1,112 | 1,062 | 885.4 | 857 | 789.4 |
Depreciation & Amortization | 1,012 | 946.4 | 861.7 | 766.4 | 718.6 | 656 |
Loss (Gain) on Sale of Assets | -4.6 | -3.7 | -12.6 | -18 | -6.9 | -13.7 |
Asset Writedown | 0.1 | - | 14.7 | 8.7 | 7 | 0.3 |
Change in Accounts Receivable | -272.9 | -54.7 | -1,039 | 259.6 | 285.9 | -1,592 |
Change in Inventory | -17.4 | -19.5 | -33.2 | 22.5 | -20.7 | -19.8 |
Change in Accounts Payable | 1,009 | 622 | 621.3 | -716.4 | 604.8 | 1,169 |
Change in Other Net Operating Assets | -5.5 | 21.5 | -94.3 | -76.3 | -148.3 | -142.2 |
Other Operating Activities | 89.2 | 4.2 | 95.7 | -47.6 | 25 | -13.9 |
Operating Cash Flow | 2,925 | 2,628 | 1,477 | 1,085 | 2,324 | 832.3 |
Operating Cash Flow Growth | 46.88% | 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 | -3,186 | -2,945 | -2,322 | -2,049 | -1,492 | -1,344 |
Sale of Property, Plant & Equipment | - | - | - | 19.4 | 15.6 | 32.9 |
Cash Acquisitions | -223.2 | -231.6 | - | -15.8 | - | -31.6 |
Divestitures | - | - | 79.3 | - | 157 | - |
Sale (Purchase) of Intangibles | -400 | -400.8 | -266.5 | -216.2 | -212.4 | -130.8 |
Investment in Securities | 90.9 | -302.3 | 54.1 | -121.3 | -348.1 | 599.6 |
Other Investing Activities | 334.6 | 44.7 | 50.8 | 48.3 | 24.8 | 10.8 |
Investing Cash Flow | -3,384 | -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 | - | 1,553 | 1,724 | 1,143 | - | - |
Long-Term Debt Repaid | - | - | - | - | -289 | -480.8 |
Net Debt Issued (Repaid) | 17.6 | 1,553 | 1,724 | 1,143 | -289 | -480.8 |
Issuance of Common Stock | 845.2 | - | 842.1 | - | 989 | - |
Repurchase of Common Stock | -9 | -9 | -8 | -7 | -10 | -10 |
Common Dividends Paid | -849.1 | -814.1 | -698.4 | -671.5 | -595.8 | -546.7 |
Other Financing Activities | - | - | - | - | -1.7 | -14.3 |
Financing Cash Flow | 4.7 | 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 | -454.4 | -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 | -261.4 | -317.5 | -845.3 | -963.9 | 831.4 | -511.9 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -6.20% | -7.92% | -23.09% | -30.56% | 28.43% | -19.96% |
Free Cash Flow Per Share | -0.13 | -0.16 | -0.42 | -0.47 | 0.41 | -0.26 |
Levered Free Cash Flow | -786.74 | -867 | -1,062 | -1,329 | 778.98 | -533.43 |
Unlevered Free Cash Flow | -612.61 | -695.75 | -890.99 | -1,212 | 850.16 | -475.86 |
Additional Metrics
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 |
Cash Interest Paid | 353.9 | 334.8 | 370.9 | 261.9 | 154.8 | 214.6 |
Cash Income Tax Paid | 490.4 | 532 | 371.6 | 434 | 380.1 | 317.9 |
Change in Working Capital | 712.9 | 569.3 | -544.9 | -510.6 | 721.7 | -585.8 |