Accor 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	449	610	633	402	85
Depreciation & Amortization	330	341	279	228	249
Loss (Gain) From Sale of Assets	21	-86	-23	-	-
Asset Writedown & Restructuring Costs	-3	-62	-32	-	-
Stock-Based Compensation	41	41	38	-	-
Other Operating Activities	83	-32	-181	-176	-534
Change in Accounts Receivable	-63	-118	12	39	-30
Change in Inventory	-2	-3	-	-	-
Change in Accounts Payable	-8	43	-	-	-
Change in Other Net Operating Assets	-38	-1	-29	18	-10
Operating Cash Flow	810	733	669	511	-240
Operating Cash Flow Growth	10.51%	9.57%	30.92%	-	-
Capital Expenditures	-197	-293	-254	-37	-46
Sale of Property, Plant & Equipment	36	-	-	-	-
Cash Acquisitions	-66	-47	-85	-82	-43
Divestitures	-8	63	106	7	-7
Sale (Purchase) of Intangibles	-	-	-	-74	-
Investment in Securities	-17	-210	287	25	-2
Other Investing Activities	11	18	17	21	12
Investing Cash Flow	-331	-358	16	-157	-99
Short-Term Debt Issued	1	-	-	-	-
Long-Term Debt Issued	2,675	2,442	1,020	1,558	2,194
Total Debt Issued	2,676	2,442	1,020	1,558	2,194
Short-Term Debt Repaid	-	-20	-12	-5	-18
Long-Term Debt Repaid	-2,177	-2,229	-1,279	-2,050	-2,605
Total Debt Repaid	-2,177	-2,249	-1,291	-2,055	-2,623
Net Debt Issued (Repaid)	499	193	-271	-497	-429
Issuance of Common Stock	-	499	495	-	-
Repurchase of Common Stock	-600	-756	-902	-	-
Common Dividends Paid	-367	-321	-342	-47	-35
Other Financing Activities	-26	-15	-25	163	-2
Financing Cash Flow	-494	-400	-1,045	-381	-466
Foreign Exchange Rate Adjustments	-36	-15	-15	-8	28
Miscellaneous Cash Flow Adjustments	-2	-3	29	1	15
Net Cash Flow	-53	-43	-346	-34	-762
Free Cash Flow	613	440	415	474	-286
Free Cash Flow Growth	39.32%	6.02%	-12.45%	-	-
Free Cash Flow Margin	10.87%	7.85%	8.21%	11.22%	-12.98%
Free Cash Flow Per Share	2.56	1.79	1.56	1.80	-1.09
Cash Income Tax Paid	214	177	144	65	37
Levered Free Cash Flow	541.75	489.75	642.13	143.25	-113.63
Unlevered Free Cash Flow	640.5	577.88	721.5	216.38	-54.88
Change in Working Capital	-111	-79	-17	57	-40

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.