EPA:CAF 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	236.22	191.88	244.22	369.77	331.21
Depreciation & Amortization	49.16	47.4	48.75	53.04	53.41
Gain (Loss) on Sale of Assets	-	-	-	0.49	-0.7
Gain (Loss) on Sale of Investments	-0.03	-0.09	0.01	-	-
Total Asset Writedown	84.23	88.31	84.22	71.29	51.49
Change in Income Taxes	2.35	-28.91	-52.1	-104.98	-89.8
Change in Other Net Operating Assets	-170.66	-1,851	-1,125	-2,849	1,987
Other Operating Activities	77.37	50.21	-51.48	123.66	126.57
Operating Cash Flow	278.63	-1,502	-851.72	-2,336	2,459
Operating Cash Flow Growth	-	-	-	-	15.56%
Capital Expenditures	-28.34	-15.08	-24.45	-13.39	-4.26
Investment in Securities	-12.23	-39.54	-29.78	-17.36	-18.84
Investing Cash Flow	-40.57	-54.62	-54.23	-30.74	-23.1
Common Dividends Paid	-29.33	-29.27	-29.64	-	-25.04
Other Financing Activities	35.86	137.03	-92.38	74.68	-27.88
Financing Cash Flow	6.54	107.77	-122.01	74.68	-52.92
Net Cash Flow	244.6	-1,449	-1,028	-2,292	2,383
Free Cash Flow	250.29	-1,517	-876.17	-2,349	2,455
Free Cash Flow Growth	-	-	-	-	16.02%
Free Cash Flow Margin	26.19%	-172.71%	-93.79%	-218.47%	239.45%
Free Cash Flow Per Share	9.03	-54.63	-31.47	-84.01	87.58
Cash Income Tax Paid	-2.35	28.91	52.1	104.98	89.8

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