Believe Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-3.05	-5.48	-29.76	-30.05	-26.85
Depreciation & Amortization	50.37	48.03	44.86	33.7	24.68
Other Amortization	0.26	0.26	0.26	0.96	0.3
Loss (Gain) From Sale of Assets	-0.04	-1.05	0.02	-	0.14
Asset Writedown & Restructuring Costs	-	13.28	-	-	-
Loss (Gain) on Equity Investments	1.4	1.12	-0.38	-1.36	2.51
Stock-Based Compensation	8.01	7.98	6.46	2.52	1.15
Other Operating Activities	-10.43	-27.74	-1.22	2.1	-3.7
Change in Accounts Payable	51.16	89.58	88.63	63.17	54
Change in Other Net Operating Assets	-75.73	-113.26	-35.2	-78.71	-56.31
Operating Cash Flow	21.93	12.71	73.66	-7.67	-4.07
Operating Cash Flow Growth	72.57%	-82.75%	-	-	-
Capital Expenditures	-3.51	-1.6	-0.58	-1.16	-7.01
Sale of Property, Plant & Equipment	0.06	1.24	-	-	-
Cash Acquisitions	-24.9	-36.64	-8.72	-49.93	-19.36
Sale (Purchase) of Intangibles	-39.54	-48.68	-25.86	-25.49	-27.64
Investment in Securities	-2.77	-0.6	-0.88	1.4	-0.17
Other Investing Activities	1.46	1.06	0.99	-0.04	-
Investing Cash Flow	-70.98	-86.89	-38.29	-74.27	-54.33
Long-Term Debt Issued	35	-	-	-	64.4
Long-Term Debt Repaid	-47.14	-12.34	-8.36	-100.11	-11.35
Net Debt Issued (Repaid)	-12.14	-12.34	-8.36	-100.11	53.05
Issuance of Common Stock	11.79	1.62	3.74	295.25	1.51
Repurchase of Common Stock	-	-	-	-2	-
Other Financing Activities	-35.83	5.68	2.01	-2.35	-0.96
Financing Cash Flow	-36.19	-5.04	-2.61	190.8	53.6
Foreign Exchange Rate Adjustments	10.81	-9.9	7.89	1.51	-4.4
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	-74.43	-89.12	40.65	110.36	-9.21
Free Cash Flow	18.42	11.11	73.08	-8.83	-11.08
Free Cash Flow Growth	65.76%	-84.79%	-	-	-
Free Cash Flow Margin	1.86%	1.26%	9.61%	-1.53%	-2.51%
Free Cash Flow Per Share	0.19	0.12	0.76	-0.10	-0.14
Cash Interest Paid	-	-	-	-	0.96
Cash Income Tax Paid	9.37	5.57	7.82	3.76	13.58
Levered Free Cash Flow	56.17	48.64	86.43	16.13	-19.56
Unlevered Free Cash Flow	57.43	49.63	87.04	16.73	-18.59

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