Carmila Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	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	352.45	313.84	2.78	219.33	192.12	-198.76
Depreciation & Amortization	4.08	4.07	5.87	0.99	1.5	1.94
Other Amortization	8.43	9.01	7.98	11.03	10.7	-
Gain (Loss) on Sale of Assets	2.12	3.08	-0.86	3.6	-0.03	0.07
Asset Writedown	10.66	41.83	207.45	0.79	9.72	337.47
Income (Loss) on Equity Investments	-6.08	-3.65	-3.74	-4.95	-3.07	3.19
Change in Other Net Operating Assets	32.94	12.24	-5.84	22.77	21.87	-36.11
Other Operating Activities	-66.13	-84.13	62.41	68.8	25.05	60.27
Operating Cash Flow	338.48	296.29	276.05	322.35	257.86	168.07
Operating Cash Flow Growth	25.49%	7.33%	-14.36%	25.01%	53.43%	-40.32%
Acquisition of Real Estate Assets	-75.04	-84.68	-60.45	-88.76	-64.58	-79.96
Sale of Real Estate Assets	22.55	11.53	128.31	146.03	8.22	0.31
Net Sale / Acq. of Real Estate Assets	-52.49	-73.15	67.86	57.27	-56.37	-79.65
Cash Acquisition	-172.47	-172.47	-	-	-	-
Other Investing Activities	-15.38	16.39	-12.94	-23.82	-84.96	5.24
Investing Cash Flow	-240.18	-229.24	56.67	31.68	-145.45	-74.6
Long-Term Debt Issued	-	440.61	794.29	380.12	300	968
Total Debt Issued	583.61	440.61	794.29	380.12	300	968
Long-Term Debt Repaid	-	-943.04	-372.45	-379.75	-324.83	-798.01
Net Debt Issued (Repaid)	-464.74	-502.43	421.84	0.37	-24.83	170
Issuance of Common Stock	5.45	-	-	-	0.19	0.14
Repurchase of Common Stock	-	-2.23	-0.47	-0.35	-	-
Common Dividends Paid	-176.06	-170.71	-166.7	-143.56	-94.45	-73.13
Other Financing Activities	-128.03	-97.57	-83.91	-92	-66.45	-53.18
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	-
Net Cash Flow	-665.08	-705.88	503.49	118.5	-73.14	137.3
Cash Interest Paid	123.35	121.43	82.94	64.32	59.6	53.99
Cash Income Tax Paid	-	-0.81	5.39	-3.21	2.17	4.72
Levered Free Cash Flow	188.22	171.27	127.47	153.17	75.31	71.29
Unlevered Free Cash Flow	248.65	237.55	178.22	183.55	103.98	107.36
Change in Working Capital	32.94	12.24	-5.84	22.77	21.87	-36.11

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