EPA:ELEC 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	155.42	150.42	93.36	54.95	58.89	35.47
Depreciation & Amortization	43.18	42.81	58.52	59.37	59.6	57.11
Other Amortization	8.87	8.87	-	-	-	-
Loss (Gain) on Sale of Assets	0.61	0.77	1.43	0.67	6.8	1.88
Loss (Gain) on Equity Investments	-2.89	-3.64	-3.02	-1.61	-0.94	-1.04
Asset Writedown	4.52	4.52	0	-	0.01	0
Change in Accounts Receivable	58.27	11.14	-99.5	-65.87	-86.27	5.58
Change in Inventory	16.49	11.08	-0.18	-29.74	4.6	-6.5
Change in Accounts Payable	-49.09	-	-	-	6.32	-7.07
Change in Other Net Operating Assets	-21.86	-48.5	-29.38	122.21	100.39	-15.96
Other Operating Activities	7.63	20.63	7.95	4.43	-2.64	29.46
Operating Cash Flow	221.14	198.09	29.18	144.4	146.76	98.95
Operating Cash Flow Growth	-9.59%	578.88%	-79.79%	-1.61%	48.32%	1.41%
Capital Expenditures	-75.55	-71.01	-69.91	-64.49	-64.39	-45.19
Sale of Property, Plant & Equipment	0.03	0.23	0.08	0.11	0.06	1.18
Cash Acquisitions	-0.1	-	-0.16	0.32	-3.59	-0.13
Divestitures	0.03	1.13	-	-	-	-
Sale (Purchase) of Intangibles	-17.85	-16.06	-10.24	-10.05	-15.11	-13.15
Investment in Securities	-18.94	-28.87	-56.82	83.44	9.28	-6.95
Other Investing Activities	1.24	0.94	0.44	0.52	0.36	1.58
Investing Cash Flow	-111.14	-113.63	-136.61	9.85	-73.4	-62.66
Long-Term Debt Issued	-	1.31	1.4	1.5	0.54	0.08
Long-Term Debt Repaid	-	-1.16	-1.13	-1.17	-1.13	-1.9
Net Debt Issued (Repaid)	0.15	0.15	0.28	0.34	-0.59	-1.82
Common Dividends Paid	-78.86	-61.66	-19	-41.58	-33.7	-38.72
Other Financing Activities	5.97	5.87	4.04	1.82	-0.24	-0.85
Financing Cash Flow	-72.75	-55.64	-14.68	-39.42	-34.52	-41.38
Miscellaneous Cash Flow Adjustments	19.09	27.23	58.5	-85.03	-7.27	-
Net Cash Flow	56.35	56.05	-63.61	29.79	31.57	-5.09
Free Cash Flow	145.59	127.08	-40.73	79.91	82.37	53.76
Free Cash Flow Growth	-15.12%	-	-	-2.99%	53.22%	56.21%
Free Cash Flow Margin	10.92%	8.95%	-2.43%	6.18%	9.46%	7.25%
Free Cash Flow Per Share	20.31	17.73	-5.68	11.15	11.49	7.50
Cash Income Tax Paid	59.97	48.93	25.91	15.04	24.35	33.64
Levered Free Cash Flow	84.91	170.11	-63.73	-38.17	51.23	36.22
Unlevered Free Cash Flow	85.03	170.23	-63.61	-38.05	51.39	36.57
Change in Working Capital	3.8	-26.29	-129.07	26.59	25.04	-23.94

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