Cellnex Telecom 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	-451.78	-700.93	-436.41	-502.88	-540.31
Depreciation & Amortization	2,673	2,608	2,619	2,321	1,676
Other Adjustments	1,010	1,294	804.03	751.91	614.29
Change in Receivables	124.56	7.82	3.15	34.17	-253.34
Changes in Inventories	0.39	-1.08	-1.82	-1.29	-0.61
Changes in Other Operating Activities	-1,070	-901.74	-920.38	-773.46	-355.19
Operating Cash Flow	2,286	2,307	2,068	1,829	1,141
Operating Cash Flow Growth	-0.89%	11.55%	13.05%	60.29%	44.40%
Capital Expenditures	-1,760	-2,030	-2,194	-2,569	-1,521
Sale of Property, Plant & Equipment	1,053	898.8	630.75	110.45	-
Purchases of Investments	-23.25	-34.46	-55.71	-157.83	-23.72
Proceeds from Sale of Investments	-	-	11.51	56.39	-
Payments for Business Acquisitions	-18.9	-10.69	14.93	-3,390	-12,358
Investing Cash Flow	-749.47	-1,177	-1,592	-5,950	-13,904
Long-Term Debt Issued	1,659	1,220	3,899	3,030	6,263
Long-Term Debt Repaid	-1,771	-2,457	-3,872	-1,485	-952.99
Net Long-Term Debt Issued (Repaid)	-112.43	-1,237	26.94	1,545	5,310
Issuance of Common Stock	52.24	40.11	-	-	-
Repurchase of Common Stock	-1,000	-	-	-	-
Net Common Stock Issued (Repurchased)	-948.12	40.11	-	-	-
Common Dividends Paid	-11.83	-44.28	-40.29	-	-
Other Financing Activities	-41.1	-53.28	-192.23	-320.96	6,766
Financing Cash Flow	-1,113	-1,294	-205.59	1,224	12,076
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-12.9	-45.26	-15.64	8.42	-39.37
Net Cash Flow	410.21	-209.67	254.26	-2,888	-725.45
Free Cash Flow	525.82	276.24	-126	-739.37	-380.26
Free Cash Flow Growth	90.35%	-	-	-	-
FCF Margin	11.90%	6.35%	-3.11%	-21.15%	-15.01%
Free Cash Flow Per Share	0.77	0.39	-0.19	-1.10	-0.62
Levered Free Cash Flow	-630.47	-1,590	-767.05	225.05	4,747
Unlevered Free Cash Flow	214.36	-312.7	-226.06	-879.25	-152.17

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.