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
Depreciation & Amortization	330	341	279	-	-
Stock-Based Compensation	42	44	38	2	0
Other Adjustments	546	428	426	456	-184
Changes in Unearned Revenue	10	-97	12	39	-30
Changes in Other Operating Activities	-121	18	-57	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	-111	-80
Sale of Property, Plant & Equipment	36	-	-	-	-
Purchases of Investments	-167	-124	-139	-150	-263
Proceeds from Sale of Investments	71	42	389	178	260
Payments for Business Acquisitions	-66	-47	-85	-82	-9
Proceeds from Business Divestments	-8	63	106	7	-7
Investing Cash Flow	-331	-358	16	-157	-99
Short-Term Debt Issued	1	-20	-12	-5	-18
Net Short-Term Debt Issued (Repaid)	1	-20	-12	-5	-18
Long-Term Debt Issued	2,675	2,442	1,020	1,558	2,194
Long-Term Debt Repaid	-2,177	-2,229	-1,279	-2,050	-2,605
Net Long-Term Debt Issued (Repaid)	498	213	-259	-492	-411
Repurchase of Common Stock	-452	-404	-401	-	-
Net Common Stock Issued (Repurchased)	-452	-404	-401	-	-
Common Dividends Paid	-391	-333	-342	-47	-36
Other Financing Activities	-151	140	-30	161	-
Financing Cash Flow	-494	-400	-1,045	-381	-466
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-36	-15	-15	-8	28
Net Cash Flow	-30	-50	-718	-54	-1,610
Free Cash Flow	613	440	415	400	-320
Free Cash Flow Growth	39.32%	6.02%	3.75%	-	-
FCF Margin	10.87%	7.85%	8.21%	9.47%	-14.52%
Free Cash Flow Per Share	2.56	1.79	1.56	1.52	-1.22
Levered Free Cash Flow	970	772	342	-149	-464
Unlevered Free Cash Flow	640.58	576.53	672.78	405.12	-78.12

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.