Valeo SE Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	162	221	230	175
Depreciation & Amortization	1,170	1,166	1,145	1,029
Other Amortization	654	581	640	564
Loss (Gain) From Sale of Assets	5	-24	1	-18
Asset Writedown & Restructuring Costs	165	88	-3	-10
Loss (Gain) From Sale of Investments	-69	34	-28	-77
Loss (Gain) on Equity Investments	-12	-17	-115	243
Stock-Based Compensation	22	25	21	28
Other Operating Activities	98	110	-214	12
Change in Accounts Receivable	186	-178	-394	403
Change in Inventory	251	-108	-262	-370
Change in Accounts Payable	55	564	887	-191
Change in Other Net Operating Assets	-	-	-	-161
Operating Cash Flow	2,687	2,462	1,908	1,627
Operating Cash Flow Growth	9.14%	29.04%	17.27%	-11.53%
Capital Expenditures	-1,138	-964	-807	-749
Sale of Property, Plant & Equipment	21	40	30	61
Cash Acquisitions	-	-	-352	-8
Divestitures	211	38	-	-31
Sale (Purchase) of Intangibles	-1,086	-1,037	-682	-601
Investment in Securities	-27	-19	-166	-269
Other Investing Activities	67	36	50	25
Investing Cash Flow	-1,952	-1,906	-1,927	-1,572
Short-Term Debt Issued	-	-	411	-
Long-Term Debt Issued	858	748	1,474	993
Total Debt Issued	858	748	1,885	993
Short-Term Debt Repaid	-88	-239	-	-889
Long-Term Debt Repaid	-896	-975	-744	-632
Total Debt Repaid	-984	-1,214	-744	-1,521
Net Debt Issued (Repaid)	-126	-466	1,141	-528
Issuance of Common Stock	-	16	14	16
Repurchase of Common Stock	-25	-	-50	-
Common Dividends Paid	-97	-92	-84	-72
Other Financing Activities	-276	-246	-159	-57
Financing Cash Flow	-524	-788	862	-641
Foreign Exchange Rate Adjustments	32	-116	-4	55
Miscellaneous Cash Flow Adjustments	16	-14	-2	1
Net Cash Flow	259	-362	837	-530
Free Cash Flow	1,549	1,498	1,101	878
Free Cash Flow Growth	3.40%	36.06%	25.40%	-10.13%
Free Cash Flow Margin	7.21%	6.79%	5.50%	5.09%
Free Cash Flow Per Share	6.33	6.12	4.52	3.59
Cash Interest Paid	307	261	154	99
Cash Income Tax Paid	227	225	291	237
Levered Free Cash Flow	590.25	284.88	1,040	361
Unlevered Free Cash Flow	805.25	498	1,157	438.5
Change in Working Capital	492	278	231	-319

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.