Cirsa Enterprises 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	72.94	12.63	80.03	56.57	-150.87
Depreciation & Amortization	364.5	336.82	303.11	288.82	291.65
Other Amortization	-	12.52	6.59	8.5	9.82
Loss (Gain) From Sale of Assets	-	4.78	4.3	5.02	2.26
Asset Writedown & Restructuring Costs	-	10.87	6.22	0.47	4.2
Other Operating Activities	254.14	241.39	141.43	156.56	171.83
Change in Accounts Receivable	-	-12.41	-10.07	-9.57	-9.68
Change in Inventory	-	1.44	5.73	-1.4	-0.49
Change in Accounts Payable	-	4.04	4.55	7.78	42.94
Change in Other Net Operating Assets	-	-4.72	2.54	0.95	5.85
Operating Cash Flow	691.57	607.36	544.43	513.7	367.51
Operating Cash Flow Growth	13.87%	11.56%	5.98%	39.78%	336.09%
Capital Expenditures	-214.93	-109.19	-64.23	-73	-59.83
Cash Acquisitions	-	-94.98	-59.12	-65.73	-21.17
Sale (Purchase) of Intangibles	-	-82.29	-102.52	-71.48	-50.48
Investment in Securities	-250.49	-6.83	-1.12	-10.7	-4.01
Other Investing Activities	-16.71	7.22	2.82	1.63	1.08
Investing Cash Flow	-482.13	-286.06	-224.18	-219.28	-134.41
Long-Term Debt Issued	1,001	652.5	693.5	416.95	2,374
Long-Term Debt Repaid	-1,523	-525.64	-779.39	-627.37	-2,405
Net Debt Issued (Repaid)	-521.74	126.87	-85.89	-210.43	-30.45
Issuance of Common Stock	677.28	-	-	-	-
Common Dividends Paid	-44.23	-253.41	-52.71	-23.75	-5.97
Other Financing Activities	-260.39	-188.42	-145.05	-127.44	-198.91
Financing Cash Flow	-149.08	-314.97	-283.65	-361.62	-235.33
Foreign Exchange Rate Adjustments	-3.39	-1.39	1.17	0.38	-0.83
Net Cash Flow	56.98	4.94	37.77	-66.82	-3.07
Free Cash Flow	476.64	498.17	480.2	440.7	307.68
Free Cash Flow Growth	-4.32%	3.74%	8.96%	43.23%	5122.00%
Free Cash Flow Margin	20.38%	23.17%	24.12%	25.91%	30.47%
Free Cash Flow Per Share	3.07	7.05	6.80	6.24	4.35
Cash Interest Paid	177.71	188.42	142.93	122.48	125.79
Cash Income Tax Paid	91.73	78.91	90.75	35.34	10.15
Levered Free Cash Flow	249.62	345.19	270.1	253.6	73.8
Unlevered Free Cash Flow	389.16	487.14	380.25	341.91	176.72
Change in Working Capital	-	-11.66	2.76	-2.25	38.62

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