BME:SLR 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	137.39	88.61	107.51	90.05	48.04
Depreciation & Amortization	48.4	43.64	31.48	24.97	20.36
Other Amortization	0.02	0.02	-	0.02	0.02
Change in Accounts Receivable	-18.81	-11.53	-17.58	-14.44	-11.45
Change in Accounts Payable	2.98	-9.04	-40.5	2.93	25.76
Other Operating Activities	-31.82	3.62	17.17	15.13	11.28
Operating Cash Flow	138.16	115.32	98.08	118.65	94.02
Operating Cash Flow Growth	19.81%	17.57%	-17.34%	26.21%	97.71%
Capital Expenditures	-398.26	-187.39	-328.61	-331.47	-195.26
Investing Cash Flow	-398.26	-187.39	-328.61	-331.47	-195.26
Long-Term Debt Issued	396.55	155.26	216.76	259.91	192.36
Long-Term Debt Repaid	-72.34	-106.14	-59.6	-49.28	-19.57
Net Debt Issued (Repaid)	324.21	49.12	157.16	210.62	172.79
Issuance of Common Stock	61.53	-	-	-	-
Repurchase of Common Stock	-106.66	-	-	-	-
Financing Cash Flow	279.08	49.12	157.16	210.62	172.79
Miscellaneous Cash Flow Adjustments	-	-0	-	-	-
Net Cash Flow	18.98	-22.95	-73.36	-2.19	71.54
Free Cash Flow	-260.1	-72.07	-230.53	-212.82	-101.24
Free Cash Flow Margin	-85.86%	-34.24%	-100.23%	-127.17%	-91.60%
Free Cash Flow Per Share	-2.08	-0.58	-1.84	-1.70	-0.81
Cash Interest Paid	44.65	37.06	33.96	14.19	12.42
Cash Income Tax Paid	12.87	-0.62	9.76	2.74	1.26
Levered Free Cash Flow	-260.28	-20.31	-280.02	-259.54	-128.98
Unlevered Free Cash Flow	-230.12	3.5	-258.66	-246.18	-117.65
Change in Working Capital	-15.83	-20.57	-58.08	-11.51	14.31

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