JCDecaux SE 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	262.6	258.9	209.2	132.1	-14.5
Depreciation & Amortization	798.1	880.9	929.7	1,060	1,074
Other Amortization	-	11.8	9.9	11	10.3
Loss (Gain) From Sale of Assets	-15.5	-16.8	2.8	-3.8	-7.1
Asset Writedown & Restructuring Costs	-	-1.1	5.9	4.2	10.4
Loss (Gain) From Sale of Investments	-	-42.3	-3.7	-63.4	-4.9
Loss (Gain) on Equity Investments	4.3	-45.8	-52	-8.6	-48.6
Stock-Based Compensation	9.4	2.3	12.8	6.1	1
Other Operating Activities	24.7	49.3	-51.8	-45.3	-184.8
Change in Accounts Receivable	-19.4	6.7	-57.1	-15.7	-12.9
Change in Inventory	40.3	8.7	-22	-15.6	33
Change in Accounts Payable	77.1	17.7	117.6	38.2	145.6
Operating Cash Flow	1,182	1,130	1,101	1,100	1,002
Operating Cash Flow Growth	4.54%	2.63%	0.15%	9.76%	12.80%
Capital Expenditures	-303.4	-319	-372.8	-351.2	-169
Sale of Property, Plant & Equipment	19.2	25.2	35.6	9.4	18.7
Investment in Securities	-10.2	41.5	-1.1	-75.1	-19.7
Other Investing Activities	-0.1	-	-	-	-0.1
Investing Cash Flow	-294.5	-252.3	-338.3	-416.9	-170.1
Long-Term Debt Issued	135.2	148.9	737.2	1,624	1,216
Long-Term Debt Repaid	-848.5	-1,345	-1,736	-1,882	-2,150
Net Debt Issued (Repaid)	-713.3	-1,196	-999.1	-257.8	-933.4
Issuance of Common Stock	57.6	46.5	41.4	43.7	21.2
Repurchase of Common Stock	-71.1	-48.7	-36	-43.2	-22.2
Common Dividends Paid	-146	-	-	-	-
Other Financing Activities	37.6	-19.2	-57.1	-23.5	-
Financing Cash Flow	-835.2	-1,218	-1,051	-280.8	-934.4
Foreign Exchange Rate Adjustments	2.9	-0.8	-8.5	0.5	-3.6
Miscellaneous Cash Flow Adjustments	-	0.1	-0.1	-0.1	0.1
Net Cash Flow	54.8	-340.4	-296.4	402.3	-106.2
Free Cash Flow	878.2	811.3	728.5	748.4	832.8
Free Cash Flow Growth	8.25%	11.37%	-2.66%	-10.13%	24.43%
Free Cash Flow Margin	23.91%	22.33%	22.10%	24.35%	33.02%
Free Cash Flow Per Share	4.11	3.80	3.41	3.52	3.91
Cash Interest Paid	-	169.9	165.8	139.7	105.6
Cash Income Tax Paid	-	70.8	46.4	44.9	13.4
Levered Free Cash Flow	857.81	752.48	679	822.58	1,030
Unlevered Free Cash Flow	956.94	855.9	788.1	907.9	1,108
Change in Working Capital	98	33.1	38.5	6.9	165.7

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