Proximus 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	405	456	357	450	445
Depreciation & Amortization	1,601	1,259	1,185	1,179	1,183
Other Adjustments	-288	-53	90	-26	7
Change in Receivables	-44	-24	74	-62	11
Changes in Inventories	23	12	28	-55	-26
Changes in Accounts Payable	5	-5	10	52	144
Changes in Other Operating Activities	-88	-45	-123	181	-143
Operating Cash Flow	1,615	1,602	1,620	1,717	1,621
Operating Cash Flow Growth	0.81%	-1.11%	-5.65%	5.92%	7.00%
Purchases of Intangible Assets	-1,316	-1,474	-1,453	-1,441	-1,137
Proceeds from Sale of Intangible Assets	66	0	33	13	6
Purchases of Investments	-	-	-	-30	-44
Payments for Business Acquisitions	-60	-737	0	-3	-130
Proceeds from Business Divestments	384	0	-	-	-
Other Investing Activities	-91	-17	-90	-	-
Investing Cash Flow	-1,017	-2,228	-1,510	-1,461	-1,305
Short-Term Debt Issued	-	-	-	-	89
Short-Term Debt Repaid	4	-4	-475	-	-
Net Short-Term Debt Issued (Repaid)	4	-4	-475	-	89
Long-Term Debt Issued	729	1,404	1,228	542	730
Long-Term Debt Repaid	-997	-614	-101	-270	-502
Net Long-Term Debt Issued (Repaid)	-268	790	1,127	272	228
Issuance of Common Stock	4	0	2	-5	2
Net Common Stock Issued (Repurchased)	4	0	2	-5	2
Common Dividends Paid	-156	-360	-387	-387	-388
Other Financing Activities	16	80	132	2	-231
Financing Cash Flow	-518	405	307	-208	-378
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-11	2	-1	1	1
Net Cash Flow	68	-219	417	50	-62
Free Cash Flow	1,615	1,602	1,620	1,717	1,621
Free Cash Flow Growth	0.81%	-1.11%	-5.65%	5.92%	7.00%
FCF Margin	24.40%	24.50%	26.78%	29.04%	29.06%
Free Cash Flow Per Share	5.00	4.97	5.02	5.32	5.02
Levered Free Cash Flow	1,675	2,454	2,109	2,079	1,918
Unlevered Free Cash Flow	2,082	1,835	1,565	1,861	1,651