BVL:CVERDEC1 Cash Flow Statement

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

Millions USD. 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	1,367	953.18	778.96	925.35	1,191
Depreciation & Amortization	654.04	394.28	409.85	370.56	370.69
Other Amortization	-	191.07	133.81	134.19	113.53
Loss (Gain) From Sale of Assets	3.37	0.37	0.14	-0.28	-0.26
Asset Writedown & Restructuring Costs	0.02	0.02	3.55	4.05	-
Stock-Based Compensation	2.55	2.17	2.78	2.5	2.89
Other Operating Activities	78.12	24.21	-34.7	-422.73	3.05
Change in Accounts Receivable	-384.82	78.5	113.42	-95.42	-4.48
Change in Inventory	-10.54	35.94	-22.31	-58.11	-23.17
Change in Accounts Payable	34.58	-9.95	-31.38	60.57	34.74
Change in Other Net Operating Assets	-4.52	28.82	13.13	-53.63	4.86
Operating Cash Flow	1,740	1,699	1,367	867.06	1,693
Operating Cash Flow Growth	2.43%	24.23%	57.69%	-48.80%	165.28%
Capital Expenditures	-770	-658.41	-656.26	-510.55	-370.1
Sale of Property, Plant & Equipment	0.97	0.27	2.28	0.38	0.42
Sale (Purchase) of Intangibles	-	-	-	-	-6.95
Investing Cash Flow	-769.03	-658.14	-653.98	-510.17	-376.63
Short-Term Debt Issued	-	-	-	325	-
Total Debt Issued	-	-	-	325	-
Short-Term Debt Repaid	-	-	-	-325	-
Long-Term Debt Repaid	-22.5	-10.4	-7.42	-337.33	-212.75
Total Debt Repaid	-22.5	-10.4	-7.42	-662.33	-212.75
Net Debt Issued (Repaid)	-22.5	-10.4	-7.42	-337.33	-212.75
Common Dividends Paid	-550	-850	-750	-400	-700
Other Financing Activities	-	-	-	-3.48	-
Financing Cash Flow	-572.5	-860.4	-757.42	-740.81	-912.75
Net Cash Flow	398.4	180.06	-44.15	-383.92	403.95
Free Cash Flow	969.93	1,040	711	356.51	1,323
Free Cash Flow Growth	-6.75%	46.30%	99.43%	-73.06%	261.12%
Free Cash Flow Margin	20.51%	24.54%	17.16%	8.97%	31.51%
Free Cash Flow Per Share	2.77	2.97	2.03	1.02	3.78
Cash Interest Paid	11.44	5.09	5.46	7.85	14.05
Cash Income Tax Paid	651	547.9	599.67	934.1	315.86
Levered Free Cash Flow	748.43	1,017	685.57	378.15	1,845
Unlevered Free Cash Flow	752.65	1,021	735.08	383.75	1,853
Change in Working Capital	-365.31	133.31	72.87	-146.59	11.94

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