Kaufman & Broad Cash Flow Statement

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

Millions EUR. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Net Income	54.21	44.97	60.15	49.01	43.87
Depreciation & Amortization	15.63	6.02	6.04	6.53	2.43
Other Amortization	4.31	4.18	3.86	-	4.18
Loss (Gain) From Sale of Investments	-0.1	-0.12	-0.09	-0.13	-0.05
Loss (Gain) on Equity Investments	1.12	0.22	-0.85	-2.02	-1.86
Other Operating Activities	30.83	1.91	60.35	24.72	51.85
Change in Accounts Receivable	40.58	-	-	-	-
Change in Inventory	-4.45	-	-	-	-
Change in Accounts Payable	10.12	-	-	-	-
Change in Other Net Operating Assets	-141.51	230.21	245.3	-58.38	-8.12
Operating Cash Flow	10.73	287.38	374.75	19.73	92.29
Operating Cash Flow Growth	-96.27%	-23.31%	1799.88%	-78.63%	-8.47%
Capital Expenditures	-6.3	-5.15	-5.75	-11.6	-4.57
Cash Acquisitions	-0.45	-0.17	-0.1	-0.13	-
Sale (Purchase) of Real Estate	-	-	0.35	-7.92	-12.45
Investment in Securities	-6.64	-6.95	-5.58	-1.07	-5.32
Investing Cash Flow	-13.38	-12.27	-11.08	-20.72	-22.33
Long-Term Debt Issued	-	-	-	148.63	-
Long-Term Debt Repaid	-112.35	-62.49	-7.63	-144.57	-7.15
Net Debt Issued (Repaid)	-112.35	-62.49	-7.63	4.06	-7.15
Issuance of Common Stock	15.47	11.31	14.7	13.1	13.15
Repurchase of Common Stock	-17.85	-11.51	-47.72	-30.62	-27.96
Common Dividends Paid	-43.14	-46.77	-49.51	-40.48	-39.32
Other Financing Activities	-19.8	-12.84	-24.46	-33.53	-34.4
Financing Cash Flow	-177.67	-122.3	-114.62	-87.47	-95.69
Net Cash Flow	-180.32	152.82	249.05	-88.46	-25.73
Free Cash Flow	4.43	282.24	369	8.12	87.72
Free Cash Flow Growth	-98.43%	-23.51%	4442.10%	-90.74%	-8.64%
Free Cash Flow Margin	0.39%	26.21%	26.19%	0.62%	6.84%
Free Cash Flow Per Share	0.22	14.31	17.96	0.38	4.13
Cash Income Tax Paid	-0.19	37.46	-4.63	36.41	7.48
Levered Free Cash Flow	-7.44	261.95	337.54	-24.92	72.96
Unlevered Free Cash Flow	-5.43	265.74	341.7	-20.65	76
Change in Working Capital	-95.27	230.21	245.3	-58.38	-8.12

Updated Feb 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.