74Software Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	42.17	39.17	35.83	-40.05	9.6	8.48
Depreciation & Amortization	33.55	20.15	13.33	15.54	19.03	19.75
Loss (Gain) From Sale of Assets	0.42	1.52	-2.22	81.86	0.22	0.02
Asset Writedown & Restructuring Costs	0.2	-1.43	-	-	-	-
Stock-Based Compensation	7.22	5.24	3.63	3.48	3.73	4.41
Other Operating Activities	7.42	4.18	14.53	-6.89	6.59	3.18
Change in Accounts Receivable	-4.38	-4.38	-	-	-	-
Change in Accounts Payable	0.33	0.33	-	-	-	-
Change in Unearned Revenue	-43.59	-43.59	-	-	-	-
Change in Other Net Operating Assets	62.96	10.51	-32.94	-40.98	-26.22	-23.71
Operating Cash Flow	106.32	31.7	32.15	12.96	12.94	12.12
Operating Cash Flow Growth	342.54%	-1.40%	148.05%	0.15%	6.74%	-10.89%
Capital Expenditures	-23.86	-11.93	-2.43	-2.32	-2.83	-7.75
Sale of Property, Plant & Equipment	0.03	0.05	-	-	0	-
Cash Acquisitions	-304.39	-304.4	-10.2	-8.91	-	-0.4
Investment in Securities	-	-	0.01	-	-	-
Other Investing Activities	3.77	3.22	0.17	0.04	0.07	0.06
Investing Cash Flow	-324.37	-312.94	-12.63	-11.1	-2.83	-8.11
Long-Term Debt Issued	-	264.12	22.18	32.82	60	-
Long-Term Debt Repaid	-	-76.31	-25.95	-19.35	-45.14	-6.8
Net Debt Issued (Repaid)	146.61	187.82	-3.77	13.47	14.86	-6.8
Issuance of Common Stock	128.26	128.26	-	-	2.03	0.65
Repurchase of Common Stock	-2.05	-1.72	-4.78	-13.74	-9.5	-0.2
Common Dividends Paid	-	-	-8.4	-8.49	-8.62	-
Other Financing Activities	-13.57	-9.68	-4.15	-0.69	-0.49	-1.51
Financing Cash Flow	259.24	304.69	-21.1	-9.45	-1.73	-7.86
Foreign Exchange Rate Adjustments	-1.09	0.41	-0.2	0.7	0.66	-1.06
Miscellaneous Cash Flow Adjustments	0.17	-	0	-	0	-0
Net Cash Flow	40.27	23.85	-1.78	-6.89	9.05	-4.91
Free Cash Flow	82.46	19.77	29.72	10.64	10.12	4.38
Free Cash Flow Growth	308.26%	-33.50%	179.27%	5.20%	131.06%	-51.64%
Free Cash Flow Margin	12.55%	4.28%	9.32%	3.39%	3.54%	1.47%
Free Cash Flow Per Share	2.90	0.82	1.38	0.49	0.45	0.20
Cash Income Tax Paid	15.41	11.74	3.05	2.56	2.78	3.52
Levered Free Cash Flow	97.23	26.42	14.12	5.45	6.83	4.45
Unlevered Free Cash Flow	109.44	34.78	17.12	6.77	7.69	5.37
Change in Working Capital	15.32	-37.13	-32.94	-40.98	-26.22	-23.71

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