Covivio Hotels 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	205.77	224.6	-11.6	478.79	50.29	-337.4
Depreciation & Amortization	88.76	57.5	43.2	41.14	42.34	50.77
Other Amortization	1.21	1.2	0.4	0.23	1.57	0.21
Gain (Loss) on Sale of Assets	-6.86	-12.2	-0.3	-3.38	1.61	1.23
Asset Writedown	-33.41	-29.8	264.5	-292.71	-53.35	373.65
Stock-Based Compensation	0.04	-0.1	-	-	-	-
Income (Loss) on Equity Investments	-7.46	-15.1	2	-19.43	-10.69	13.51
Change in Accounts Receivable	-19.36	9.9	13.5	18.43	-38.62	1.9
Change in Accounts Payable	53.89	16.6	6.7	-35.1	33.77	-7.09
Change in Other Net Operating Assets	0	-	-	-	-0	0
Other Operating Activities	82.73	95.5	5.8	69.43	131.63	-16.71
Operating Cash Flow	365.63	348.2	324.1	256.88	158.44	80.63
Operating Cash Flow Growth	13.99%	7.44%	26.17%	62.13%	96.51%	-70.79%
Acquisition of Real Estate Assets	-134.26	-135.3	-37.8	-71.06	-73.75	-52.48
Sale of Real Estate Assets	415.1	368	24	168.33	69.22	152.29
Net Sale / Acq. of Real Estate Assets	280.84	232.7	-13.8	97.27	-4.54	99.82
Cash Acquisition	-254.26	-254.3	-1.6	-0.93	-1.14	-59.78
Other Investing Activities	28.31	6.2	5	3.55	2.23	7.33
Investing Cash Flow	148.85	80.8	-5.8	99.99	-2.99	47.74
Long-Term Debt Issued	-	722.9	624.3	44.27	656.15	460.68
Long-Term Debt Repaid	-	-417.8	-682.6	-216.85	-884.77	-542.39
Net Debt Issued (Repaid)	-238.4	305.1	-58.3	-172.58	-228.61	-81.71
Issuance of Common Stock	0.1	0.1	0.1	-	248.13	-
Repurchase of Common Stock	-	-	-	-0.02	-	-0.18
Common Dividends Paid	-39.43	-192.6	-185.2	-96.29	-34.46	-2.72
Other Financing Activities	-73.99	-73.8	-84.2	-114.34	-85.54	-99.74
Foreign Exchange Rate Adjustments	0.22	0.1	0.9	-0.92	-0.01	-0.66
Miscellaneous Cash Flow Adjustments	-0.1	-	0.1	-0	-	-0
Net Cash Flow	162.88	467.9	-8.3	-27.27	54.96	-56.64
Cash Income Tax Paid	18.01	16.2	9.4	4.07	12.43	21.14
Levered Free Cash Flow	442.22	184.6	-19.67	162.9	-82.34	78.39
Unlevered Free Cash Flow	510.95	257.78	45.37	201.27	-49.22	114.52
Change in Working Capital	34.85	26.6	20.1	-17.2	-4.96	-4.63

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.