74Software 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	40.75	40.61	35.83	-40.05	9.6
Depreciation & Amortization	34.66	16.48	13.33	15.54	19.03
Loss (Gain) From Sale of Assets	0.38	1.52	-2.22	81.86	0.22
Asset Writedown & Restructuring Costs	0.16	-1.43	-	-	-
Stock-Based Compensation	6.58	5.24	3.63	3.48	3.73
Other Operating Activities	17.33	6.4	14.53	-6.89	6.59
Change in Accounts Receivable	5.44	-	-	-	-
Change in Accounts Payable	2.38	-	-	-	-
Change in Unearned Revenue	10.69	-	-	-	-
Change in Other Net Operating Assets	-7.51	-37.13	-32.94	-40.98	-26.22
Operating Cash Flow	110.86	31.7	32.15	12.96	12.94
Operating Cash Flow Growth	249.76%	-1.40%	148.05%	0.15%	6.74%
Capital Expenditures	-26.81	-11.93	-2.43	-2.32	-2.83
Sale of Property, Plant & Equipment	-	0.05	-	-	0
Cash Acquisitions	0.02	-304.4	-10.2	-8.91	-
Investment in Securities	-	-	0.01	-	-
Other Investing Activities	0.9	3.22	0.17	0.04	0.07
Investing Cash Flow	-26.41	-312.94	-12.63	-11.1	-2.83
Long-Term Debt Issued	-	264.12	22.18	32.82	60
Long-Term Debt Repaid	-62.22	-76.31	-25.95	-19.35	-45.14
Net Debt Issued (Repaid)	-62.22	187.82	-3.77	13.47	14.86
Issuance of Common Stock	-	128.26	-	-	2.03
Repurchase of Common Stock	-2.53	-1.72	-4.78	-13.74	-9.5
Common Dividends Paid	-	-	-8.4	-8.49	-8.62
Other Financing Activities	-11.25	-9.68	-4.15	-0.69	-0.49
Financing Cash Flow	-76.01	304.69	-21.1	-9.45	-1.73
Foreign Exchange Rate Adjustments	-0.91	0.42	-0.2	0.7	0.66
Miscellaneous Cash Flow Adjustments	0.34	-0.01	0	-	0
Net Cash Flow	7.88	23.85	-1.78	-6.89	9.05
Free Cash Flow	84.06	19.77	29.72	10.64	10.12
Free Cash Flow Growth	325.29%	-33.50%	179.27%	5.20%	131.06%
Free Cash Flow Margin	11.89%	4.28%	9.32%	3.39%	3.54%
Free Cash Flow Per Share	2.80	0.82	1.38	0.49	0.45
Cash Income Tax Paid	11.58	11.74	3.05	2.56	2.78
Levered Free Cash Flow	77.02	23.84	14.12	5.45	6.83
Unlevered Free Cash Flow	92.89	32.2	17.12	6.77	7.69
Change in Working Capital	11	-37.13	-32.94	-40.98	-26.22

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