Vinci 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	5,275	5,274	5,102	4,417	2,195
Depreciation & Amortization	4,206	3,998	3,799	3,613	3,219
Stock-Based Compensation	318	230	131	162	84
Other Adjustments	2,596	2,123	2,332	2,407	1,941
Changes in Income Taxes Payable	-3,005	-2,220	-2,288	-1,603	-1,213
Changes in Other Operating Activities	2,496	2,311	1,463	392	1,579
Operating Cash Flow	11,886	11,714	10,540	9,387	7,806
Operating Cash Flow Growth	1.47%	11.14%	12.28%	20.25%	16.94%
Capital Expenditures	-3,873	-4,052	-3,332	-3,501	-2,063
Sale of Property, Plant & Equipment	179	170	148	165	137
Purchases of Investments	-311	-279	-49	44	33
Payments for Business Acquisitions	-1,091	-4,719	-507	-1,991	-3,936
Proceeds from Business Divestments	290	122	110	23	9
Other Investing Activities	-305	-294	-346	-59	-82
Investing Cash Flow	-5,112	-9,051	-3,977	-5,318	-5,902
Short-Term Debt Issued	-26	387	-1,408	1,245	-785
Net Short-Term Debt Issued (Repaid)	-26	387	-1,408	1,245	-785
Long-Term Debt Issued	5,651	4,117	3,004	2,786	1,791
Long-Term Debt Repaid	-4,315	-1,993	-2,179	-3,653	-2,195
Net Long-Term Debt Issued (Repaid)	1,336	2,124	825	-867	-404
Issuance of Common Stock	771	668	709	491	739
Repurchase of Common Stock	-2,002	-1,912	-397	-1,100	-602
Net Common Stock Issued (Repurchased)	-1,231	-1,244	312	-609	137
Common Dividends Paid	-2,665	-2,570	-2,293	-1,830	-1,528
Other Financing Activities	-1,684	-1,726	-867	-776	-680
Financing Cash Flow	-4,270	-3,027	-3,433	-2,836	-3,259
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-142	-40	76	74	117
Net Cash Flow	2,363	-404	3,206	1,306	-1,238
Free Cash Flow	8,013	7,662	7,208	5,886	5,743
Free Cash Flow Growth	4.58%	6.30%	22.46%	2.49%	27.20%
FCF Margin	10.63%	10.57%	10.35%	9.45%	11.49%
Free Cash Flow Per Share	14.13	13.29	12.53	10.32	9.97
Levered Free Cash Flow	6,037	7,411	3,761	3,538	2,930
Unlevered Free Cash Flow	6,048	6,317	5,509	3,558	4,073

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.