Gaztransport & Technigaz 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	413.6	347.8	201.37	128.26	134.07
Depreciation & Amortization	13	10.6	5.31	8.87	7.56
Other Amortization	6.7	1.4	2.86	-	-
Asset Writedown & Restructuring Costs	-8.2	-5.4	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-0.11
Loss (Gain) on Equity Investments	1.2	0.3	0.41	0.14	-
Stock-Based Compensation	6	3.4	1.98	3.42	2.12
Other Operating Activities	17.2	-15.3	-24.56	7.65	0.74
Change in Accounts Receivable	4.3	-27.9	-40.16	-46.85	33.01
Change in Inventory	8.9	-10	-6.14	-4	1.05
Change in Accounts Payable	-15.9	12.2	8.59	2.43	2.83
Change in Other Net Operating Assets	-23.6	44.4	66.51	39.51	31.22
Operating Cash Flow	423.2	361.5	216.16	139.43	212.5
Operating Cash Flow Growth	17.07%	67.24%	55.03%	-34.38%	38.32%
Capital Expenditures	-40.3	-61.7	-43.12	-20.51	-16.06
Sale of Property, Plant & Equipment	-	-	0.64	-	-
Cash Acquisitions	-194.1	-11.6	-	-	-
Divestitures	-	-	-	-	-0.06
Investment in Securities	-10.5	-9.9	-2.3	-2.34	0.08
Other Investing Activities	0.1	17.2	0.7	13.83	-0
Investing Cash Flow	-244.8	-66	-44.09	-9.02	-16.04
Long-Term Debt Issued	120	1.1	5.58	0.29	0.79
Long-Term Debt Repaid	-14.5	-2.3	-1.28	-0.78	-2.4
Total Debt Repaid	-14.5	-2.3	-1.28	-0.78	-2.4
Net Debt Issued (Repaid)	105.5	-1.2	4.3	-0.49	-1.61
Issuance of Common Stock	-	3.9	0.04	0.02	-
Repurchase of Common Stock	-	-2.5	-	-	-17.24
Common Dividends Paid	-290.2	-228.9	-125.64	-121.78	-115.74
Other Financing Activities	10.4	8.9	5.49	0.31	-0.03
Financing Cash Flow	-174.3	-219.8	-115.82	-121.95	-134.62
Foreign Exchange Rate Adjustments	-0.6	0.2	-1.53	0.54	0.22
Miscellaneous Cash Flow Adjustments	0.1	-0.1	-	0	-
Net Cash Flow	3.6	75.8	54.73	9	62.06
Free Cash Flow	382.9	299.8	173.03	118.92	196.44
Free Cash Flow Growth	27.72%	73.26%	45.51%	-39.46%	40.42%
Free Cash Flow Margin	47.68%	46.74%	40.46%	38.70%	62.41%
Free Cash Flow Per Share	10.30	8.07	4.67	3.21	5.30
Cash Interest Paid	0.8	0.5	0.2	0.01	0.07
Cash Income Tax Paid	78.1	74.4	51.28	17.52	34.85
Levered Free Cash Flow	283.48	167.27	110.75	101.11	163.91
Unlevered Free Cash Flow	285.66	167.9	111.99	101.22	163.99
Change in Working Capital	-26.3	18.7	28.79	-8.91	68.11

Source: S&P Global Market Intelligence. Standard template. Financial Sources.