EPA:ELEC 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	158.79	147.94	91.7	55.37	59.64
Depreciation & Amortization	65.32	80.56	69.72	61.14	56.74
Other Adjustments	59.35	45.93	28.02	17.37	29.78
Changes in Income Taxes Payable	-76.4	-48.93	-25.91	-15.04	-24.35
Changes in Other Operating Activities	46.97	-26.29	-129.07	26.59	25.04
Operating Cash Flow	252.89	198.09	29.18	144.4	146.76
Operating Cash Flow Growth	27.66%	578.88%	-79.79%	-1.61%	48.32%
Capital Expenditures	-78.17	-71.01	-69.91	-64.49	-64.39
Sale of Property, Plant & Equipment	0.09	0.23	0.08	0.11	0.06
Purchases of Intangible Assets	-14.12	-16.06	-10.24	-10.05	-15.11
Purchases of Investments	-164.12	-121.22	-141.95	-119.18	-11.35
Proceeds from Sale of Investments	173.54	92.36	85.13	202.63	20.63
Cash Acquisitions	-2.65	0	-	0.32	-3.59
Proceeds from Business Divestments	0	1.13	-	-	-
Other Investing Activities	0.58	0.94	0.28	0.52	0.36
Investing Cash Flow	-84.84	-113.63	-136.61	9.85	-73.4
Long-Term Debt Issued	0.25	1.31	1.4	1.5	0.54
Long-Term Debt Repaid	-1.02	-1.16	-1.13	-1.17	-1.13
Net Long-Term Debt Issued (Repaid)	-0.77	0.15	0.28	0.34	-0.59
Common Dividends Paid	-78.86	-61.66	-19	-41.58	-33.7
Other Financing Activities	5.17	4.75	-1.24	0.78	-0.32
Financing Cash Flow	-73.33	-55.64	-14.68	-39.42	-34.52
Net Cash Flow	182.76	84.86	-185.72	144.62	70.4
Free Cash Flow	174.72	127.08	-40.73	79.91	82.37
Free Cash Flow Growth	37.49%	-	-	-2.99%	53.22%
FCF Margin	13.13%	8.41%	-2.21%	5.94%	9.04%
Free Cash Flow Per Share	24.37	17.72	-5.68	11.14	11.49
Levered Free Cash Flow	114.94	84.89	-61.52	63.5	51.33
Unlevered Free Cash Flow	111.73	76.05	-65.92	62.21	52.2