BVMF:W2ST34 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	493.7	492.7	593.4	585.9	661.8
Depreciation & Amortization	171.4	155.4	137.3	120.6	122.3
Loss (Gain) From Sale of Assets	-	-	11.6	-	-
Asset Writedown & Restructuring Costs	17.1	7.3	9.6	21.5	5.6
Loss (Gain) on Equity Investments	-10.5	-13.4	-14.3	-18.1	-17.4
Stock-Based Compensation	23.8	18.7	23.3	23.7	37.5
Other Operating Activities	-20.5	-10.2	36	5.4	-27.7
Change in Accounts Receivable	6.9	-58.8	4	-35.6	-123.5
Change in Inventory	-62.8	42	-13.5	-49.8	-86.5
Change in Accounts Payable	17.9	2.9	4.4	-2.8	16.8
Change in Other Net Operating Assets	117.8	16.8	-15.3	73.2	-4.9
Operating Cash Flow	754.8	653.4	776.5	724	584
Operating Cash Flow Growth	15.52%	-15.85%	7.25%	23.97%	23.60%
Capital Expenditures	-285.9	-377	-362	-284.6	-253.4
Cash Acquisitions	-	-	-	-	-2.2
Other Investing Activities	-	-1.7	-6.7	-3.6	2.5
Investing Cash Flow	-285.9	-378.7	-368.7	-288.2	-253.1
Long-Term Debt Issued	-	164.7	-	-	-
Total Debt Issued	-	164.7	-	-	-
Long-Term Debt Repaid	-1.1	-192.3	-2.4	-44.3	-2.2
Total Debt Repaid	-1.1	-192.3	-2.4	-44.3	-2.2
Net Debt Issued (Repaid)	-1.1	-27.6	-2.4	-44.3	-2.2
Issuance of Common Stock	18.2	32.7	51	28.2	37.1
Repurchase of Common Stock	-136.8	-566.6	-451.2	-222.2	-151.9
Common Dividends Paid	-61.2	-59.1	-57	-54.1	-51.1
Other Financing Activities	-4.2	-2	-	-1.2	-
Financing Cash Flow	-185.1	-622.6	-459.6	-293.6	-168.1
Foreign Exchange Rate Adjustments	22.9	-21.4	11.4	-10.5	-15.7
Net Cash Flow	306.7	-369.3	-40.4	131.7	147.1
Free Cash Flow	468.9	276.4	414.5	439.4	330.6
Free Cash Flow Growth	69.64%	-33.32%	-5.67%	32.91%	10.90%
Free Cash Flow Margin	15.25%	9.55%	14.05%	15.22%	11.68%
Free Cash Flow Per Share	6.45	3.75	5.50	5.80	4.33
Cash Interest Paid	0.3	0.5	6	6.6	8
Cash Income Tax Paid	125.2	71.4	90.8	109.7	171.8
Levered Free Cash Flow	273.88	206.73	196.35	246.54	210.05
Unlevered Free Cash Flow	274.19	208.6	201.98	251.48	215.18
Change in Working Capital	79.8	2.9	-20.4	-15	-198.1

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