Air France-KLM SA (EPA:AF)
France · Delayed Price · Currency is EUR 14.57
+0.02 (0.10%)
Nov 12, 2026, 10:04 AM CET
Air France-KLM Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 1,325 | 1,593 | 317 | 934 | 728 | -3,292 |
Depreciation & Amortization | 3,175 | 3,078 | 2,655 | 2,471 | 2,516 | 2,513 |
Other Amortization | 170 | 170 | 167 | 159 | 181 | - |
Loss (Gain) From Sale of Assets | -231 | -43 | -44 | -63 | -91 | -8 |
Asset Writedown & Restructuring Costs | 12 | 12 | -6 | -108 | -195 | 432 |
Loss (Gain) on Equity Investments | -14 | -14 | 19 | -7 | -12 | 27 |
Stock-Based Compensation | 2 | 2 | 3 | 33 | - | - |
Provision & Write-off of Bad Debts | -3 | -31 | -48 | -18 | -76 | 25 |
Other Operating Activities | 296 | 15 | 912 | 652 | -304 | 227 |
Change in Accounts Receivable | -223 | -165 | 163 | -330 | -146 | -239 |
Change in Inventory | -85 | -52 | -111 | -135 | -155 | -41 |
Change in Accounts Payable | 503 | 154 | 148 | -23 | 570 | 395 |
Change in Unearned Revenue | 519 | 168 | 257 | 128 | 1,092 | 227 |
Change in Other Net Operating Assets | -700 | 168 | -936 | -87 | 574 | 1,268 |
Operating Cash Flow | 4,746 | 5,055 | 3,496 | 3,606 | 4,682 | 1,534 |
Operating Cash Flow Growth | -6.11% | 44.59% | -3.05% | -22.98% | 205.22% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -3,757 | -4,449 | -3,728 | -3,551 | -2,798 | -2,202 |
Sale of Property, Plant & Equipment | 1,282 | 1,391 | 678 | 867 | 880 | 899 |
Cash Acquisitions | -55 | -50 | -92 | -7 | -3 | -4 |
Divestitures | 80 | 24 | 32 | - | -1 | 75 |
Investment in Securities | 350 | 56 | 52 | -540 | -59 | -9 |
Other Investing Activities | 282 | 179 | 290 | 214 | 2 | 2 |
Investing Cash Flow | -1,580 | -2,849 | -2,768 | -3,017 | -1,979 | -1,239 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 1,819 | 1,791 | 2,223 | 1,155 | 1,943 |
Long-Term Debt Repaid | - | -2,884 | -3,008 | -4,492 | -4,244 | -2,543 |
Lease Payments | -2,158 | -1,627 | -1,332 | -1,363 | -1,301 | -862 |
Net Debt Issued (Repaid) | -873 | -1,065 | -1,217 | -2,269 | -3,089 | -600 |
Issuance of Common Stock | - | 494 | - | 2,753 | 2,349 | 1,024 |
Repurchase of Common Stock | -802 | -802 | - | -596 | -1,767 | - |
Common Dividends Paid | -87 | -81 | -71 | -152 | -252 | - |
Dividends Paid | -87 | -81 | -71 | -152 | -252 | - |
Other Financing Activities | -1,009 | -837 | -826 | -725 | 3 | -501 |
Financing Cash Flow | -2,771 | -2,291 | -2,114 | -989 | -2,756 | -77 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 20 | -30 | 34 | -42 | 22 | 14 |
Net Cash Flow | 416 | -115 | -1,352 | -442 | -31 | 232 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 989 | 606 | -232 | 55 | 1,884 | -668 |
Free Cash Flow Growth | 7.85% | - | - | -97.08% | - | - |
Free Cash Flow Margin | 2.84% | 1.84% | -0.74% | 0.18% | 7.14% | -4.67% |
Free Cash Flow Per Share | 3.72 | 2.16 | -0.88 | 0.28 | 9.70 | -11.54 |
Levered Free Cash Flow | -943.75 | 518.38 | -394.5 | 575.63 | 2,176 | -1,397 |
Unlevered Free Cash Flow | -530 | 910.25 | -0.13 | 950.63 | 2,532 | -1,059 |
Free Cash Flow After Leases | -1,169 | -1,021 | -1,564 | -1,308 | 583 | -1,530 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 735 | 670 | 664 | 704 | 586 | 563 |
Cash Income Tax Paid | 136 | 136 | 20 | 114 | -41 | -55 |
Change in Working Capital | 14 | 273 | -479 | -447 | 1,935 | 1,610 |