BME:GGC 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	171.83	126.95	115.77	91.9	104.48
Depreciation & Amortization	12.04	11.84	11.82	11.31	11.86
Other Amortization	-	0	0	0	0
Gain (Loss) on Sale of Assets	-	-	-	-	-0.15
Asset Writedown	-26.33	2.42	-3.28	-1.49	-5.42
Change in Accounts Receivable	-7.71	12.32	-8.11	-3.61	4.91
Change in Other Net Operating Assets	4.86	-6.59	9.01	-4.74	2.06
Other Operating Activities	-17.06	-2.83	-33.74	31.01	-2.17
Operating Cash Flow	131.92	114.69	86.55	120.47	117.69
Operating Cash Flow Growth	15.03%	32.52%	-28.16%	2.36%	83.79%
Acquisition of Real Estate Assets	-19.94	-6.04	-40.27	-2.61	-1.48
Sale of Real Estate Assets	20.02	-	-	0	0.43
Net Sale / Acq. of Real Estate Assets	0.09	-6.04	-40.27	-2.6	-1.06
Investment in Marketable & Equity Securities	-184.99	-62.65	42.7	-58.7	-6.97
Investing Cash Flow	-184.91	-68.7	2.42	-61.31	-8.03
Short-Term Debt Issued	-	0.04	0.02	0.02	0.02
Long-Term Debt Issued	2.69	1.33	1.93	1.25	140.84
Total Debt Issued	2.69	1.36	1.96	1.27	140.86
Long-Term Debt Repaid	-0.11	-35	-36.17	-20.15	-172.34
Net Debt Issued (Repaid)	2.58	-33.64	-34.21	-18.88	-31.48
Issuance of Common Stock	0.07	0	0.01	0.01	0.01
Repurchase of Common Stock	-0.06	-	-0.02	-0.01	-0.32
Common Dividends Paid	-	-	-	-83.72	-63.18
Miscellaneous Cash Flow Adjustments	-	-0.01	-	-	-
Net Cash Flow	-50.39	12.34	54.74	-43.43	14.69
Cash Interest Paid	-	0.6	0.35	0.36	0.91
Cash Income Tax Paid	-	41.65	61.38	3.06	0.06
Levered Free Cash Flow	22.03	92.9	25.42	122.39	81.79
Unlevered Free Cash Flow	22.14	93.28	25.64	122.62	82.3
Change in Working Capital	-8.55	-23.69	-4.02	-12.25	9.08