Kering 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	39	1,227	3,074	3,717	3,245
Depreciation & Amortization	2,044	2,113	1,823	1,666	1,453
Other Adjustments	1,281	1,140	1,392	1,543	1,689
Changes in Income Taxes Payable	-334	-438	-1,434	-1,746	-1,473
Changes in Other Operating Activities	128	667	-396	-910	-40
Operating Cash Flow	3,100	4,709	4,459	4,278	4,876
Operating Cash Flow Growth	-34.17%	5.61%	4.23%	-12.26%	68.80%
Capital Expenditures	-830	-3,309	-2,611	-1,071	-934
Sale of Property, Plant & Equipment	2,158	32	135	1	6
Purchases of Investments	-76	-83	-56	-235	-122
Proceeds from Sale of Investments	16	140	251	115	1,049
Payments for Business Acquisitions	-478	-35	-5,093	-1,565	-466
Proceeds from Business Divestments	344	-	-	-32	-
Other Investing Activities	79	70	76	17	15
Investing Cash Flow	1,213	-3,185	-7,298	-2,770	-452
Short-Term Debt Issued	-159	-394	174	343	152
Net Short-Term Debt Issued (Repaid)	-159	-394	174	343	152
Long-Term Debt Issued	788	2,493	6,205	1,742	63
Long-Term Debt Repaid	-2,618	-1,574	-1,837	-1,728	-1,359
Net Long-Term Debt Issued (Repaid)	-1,830	919	4,368	14	-1,296
Issuance of Common Stock	-	-	-	38	-
Repurchase of Common Stock	-	2	-10	-1,030	-538
Net Common Stock Issued (Repurchased)	-	2	-10	-992	-538
Common Dividends Paid	-736	-1,716	-1,712	-1,483	-998
Other Financing Activities	-725	-707	-443	-26	-247
Financing Cash Flow	-3,450	-1,896	2,377	-2,144	-2,927
Effect of Exchange Rate Changes on Cash and Cash Equivalents	57	31	18	222	21
Net Cash Flow	978	-341	-444	-422	1,516
Free Cash Flow	2,270	1,400	1,848	3,207	3,942
Free Cash Flow Growth	62.14%	-24.24%	-42.38%	-18.64%	87.56%
FCF Margin	15.47%	8.30%	9.44%	15.76%	22.34%
Free Cash Flow Per Share	18.50	11.41	15.10	26.01	31.63
Levered Free Cash Flow	-909	691	4,907	1,910	1,038
Unlevered Free Cash Flow	1,237	599.63	749.35	1,842	2,446

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