Avioane Craiova Cash Flow Statement

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

Millions RON. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	-20.3	1.44	0.11	6.84	-12.44
Depreciation & Amortization	1.76	0.95	0.93	0.86	0.95
Change in Accounts Receivable	-3.31	15.09	-15.7	-6.17	-3.41
Change in Inventory	-56.54	-97.43	-78.95	-20.1	-42.17
Change in Accounts Payable	-	-	107.36	10.83	41.27
Change in Other Net Operating Assets	26.09	64.64	-27.54	7.05	-3.87
Operating Cash Flow	-52.31	-15.3	-13.78	-0.69	-19.68
Capital Expenditures	-13.11	-4.22	-1.94	-0.12	-1.82
Sale of Property, Plant & Equipment	0.09	-	-	-	-
Investing Cash Flow	-13.02	-4.22	-1.94	-0.12	-1.82
Long-Term Debt Issued	-	-	3.1	7.24	11.97
Long-Term Debt Repaid	-21.55	-0.75	-	-	-
Net Debt Issued (Repaid)	-21.55	-0.75	3.1	7.24	11.97
Financing Cash Flow	-21.55	-0.75	3.1	7.24	11.97
Net Cash Flow	-86.88	-20.28	-12.63	6.43	-9.53
Free Cash Flow	-65.42	-19.53	-15.72	-0.81	-21.5
Free Cash Flow Margin	-279.98%	-27.83%	-29.10%	-1.61%	-176.99%
Free Cash Flow Per Share	-1.66	-0.52	-0.49	-	-0.67
Levered Free Cash Flow	-68.65	-78.89	-15.44	-46.85	-168.23
Unlevered Free Cash Flow	-66.02	-77.53	-14.03	-46	-168.09
Change in Working Capital	-33.76	-17.7	-14.83	-8.39	-8.19