EPA:ANTIN 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	106.91	132.06	74.76	-16.8	32.35
Depreciation & Amortization	17.45	15.22	16.04	13.41	8.83
Stock-Based Compensation	1.21	-	57.18	91.19	26.78
Other Adjustments	-8.17	-16.41	-9.75	1.88	-2.32
Changes in Accrued Expenses	16.23	-16.7	0.15	-2.18	7
Changes in Income Taxes Payable	41.26	48.42	30.53	22.29	16
Changes in Other Operating Activities	-45.98	-36.99	-43.16	-5.89	-16.62
Operating Cash Flow	128.9	125.61	125.75	103.92	72.03
Operating Cash Flow Growth	2.62%	-0.11%	21.01%	44.27%	-7.44%
Capital Expenditures	-10.61	-5.61	-5.22	-15.42	-5.21
Sale of Property, Plant & Equipment	-	-	-	-	0.01
Purchases of Investments	-4.33	-24.54	-18.73	-8.69	-3.25
Proceeds from Sale of Investments	0.22	0.15	7.43	-	-
Other Investing Activities	-3.75	-6.88	-1.3	0.17	-4.27
Investing Cash Flow	-18.46	-36.88	-17.82	-23.94	-12.72
Long-Term Debt Issued	-	-	-	-	0.54
Long-Term Debt Repaid	-	-	-	-	-27.29
Net Long-Term Debt Issued (Repaid)	-	-	-	-	-26.75
Issuance of Common Stock	-	-	-	-	404.87
Repurchase of Common Stock	-1.77	-0.14	-4.28	-1.15	-
Net Common Stock Issued (Repurchased)	-1.77	-0.14	-4.28	-1.15	404.87
Common Dividends Paid	-130.43	-130.52	-106.08	-43.63	-54.83
Other Financing Activities	0.76	6.2	4.7	-5.87	-4.16
Financing Cash Flow	-131.45	-124.46	-105.65	-50.66	319.13
Foreign Exchange Rate Adjustments	0.08	0.64	-0.36	0.15	0.1
Net Cash Flow	-21.01	-35.73	2.28	29.32	378.44
Free Cash Flow	118.29	120	120.53	88.5	66.82
Free Cash Flow Growth	-1.42%	-0.45%	36.20%	32.43%	-13.94%
FCF Margin	40.45%	37.69%	42.61%	41.32%	37.00%
Free Cash Flow Per Share	0.66	0.67	0.68	0.49	0.41
Levered Free Cash Flow	125.26	136.41	73.1	-4.58	15.61
Unlevered Free Cash Flow	123.34	130.06	68.15	-10.82	44.28