MFE-Mediaforeurope Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	284.8	137.9	209.2	216.9	374.1	139.3
Depreciation & Amortization	86.8	86.8	83.4	85.9	95.1	106.4
Other Amortization	347.5	347.5	396.4	411.5	386.1	455.3
Asset Writedown & Restructuring Costs	0.6	0.6	-0.4	22.9	0.5	0.8
Provision & Write-off of Bad Debts	1.4	1.4	0.7	3.2	-0.5	4.2
Other Operating Activities	-157.5	191.9	74.2	6.9	14.8	138.4
Change in Accounts Receivable	-20.9	-20.9	-26.6	46.9	30.8	36.9
Change in Accounts Payable	89.8	89.8	15.6	14.2	31.6	-43.9
Change in Other Net Operating Assets	104.5	-20	16.5	-33.4	59	-16.3
Operating Cash Flow	737	815	769	775	991.5	821.1
Operating Cash Flow Growth	-5.85%	5.98%	-0.77%	-21.84%	20.75%	-14.12%
Capital Expenditures	-74.9	-45	-47.1	-52.5	-58.9	-73.9
Sale of Property, Plant & Equipment	16.4	3	0.4	5.8	2.9	3.2
Cash Acquisitions	6	6	-	-0.1	-	-7.6
Sale (Purchase) of Intangibles	-410.3	-410.3	-421	-361.1	-437.6	-417.3
Investment in Securities	-28	-28	-78.7	-36.7	-84.2	-73.9
Other Investing Activities	42.9	42.9	35.9	56.7	162.4	49.8
Investing Cash Flow	-447.9	-431.4	-510.5	-387.9	-415.4	-519.7
Long-Term Debt Issued	-	-	280	596.3	416	509.3
Long-Term Debt Repaid	-	-262.7	-635.9	-404.2	-766.8	-597
Net Debt Issued (Repaid)	-262.7	-262.7	-355.9	192.1	-350.8	-87.7
Repurchase of Common Stock	-	-	-	-32.6	-	-
Common Dividends Paid	-151.5	-140.1	-140.1	-133	-	-
Other Financing Activities	-2,386	-23.4	-109.7	-206.7	-15.5	-10.9
Financing Cash Flow	-2,801	-426.2	-605.7	-180.2	-708.4	-98.6
Miscellaneous Cash Flow Adjustments	-0.2	-0.2	-	-	-	-
Net Cash Flow	-2,512	-42.8	-347.2	206.9	-132.3	202.8
Free Cash Flow	662.1	770	721.9	722.5	932.6	747.2
Free Cash Flow Growth	-12.35%	6.66%	-0.08%	-22.53%	24.81%	-16.19%
Free Cash Flow Margin	23.01%	26.17%	25.75%	25.84%	32.38%	28.42%
Free Cash Flow Per Share	-	1.37	1.29	1.65	2.04	1.64
Cash Interest Paid	20.1	20.1	27.5	12.1	9.6	9.9
Cash Income Tax Paid	35.7	35.7	30.6	55.9	50	40.4
Levered Free Cash Flow	-	194.41	150.3	188.93	361.34	171.16
Unlevered Free Cash Flow	-	209.16	172.99	200.18	366.59	177.04
Change in Working Capital	173.4	48.9	5.5	27.7	121.4	-23.3

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