SES S.A. (EPA:SESG)

SES S.A. Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	15	-905	-34	453	-86
Depreciation & Amortization	806	692	705	670	720
Asset Writedown & Restructuring Costs	123	3,676	397	724	277
Other Operating Activities	-169	-102	-46	-97	80
Change in Accounts Receivable	38	13	442	-492	17
Change in Inventory	-	-26	-6	4	-6
Change in Accounts Payable	205	-4	8	-25	-73
Change in Unearned Revenue	-19	137	1	42	103
Change in Other Net Operating Assets	7	-2	4	15	17
Operating Cash Flow	1,006	3,479	1,471	1,294	1,049
Operating Cash Flow Growth	-71.08%	136.51%	13.68%	23.36%	-7.50%
Capital Expenditures	-280	-383	-1,312	-243	-171
Cash Acquisitions	-	-	-435	-	-
Sale (Purchase) of Intangibles	-23	-22	-42	-37	-39
Other Investing Activities	144	35	-4	-3	-7
Investing Cash Flow	-159	-370	-1,793	-283	-217
Long-Term Debt Issued	1,034	-	744	159	395
Short-Term Debt Repaid	-35	-	-	-	-
Long-Term Debt Repaid	-743	-728	-74	-628	-800
Total Debt Repaid	-778	-728	-74	-628	-800
Net Debt Issued (Repaid)	256	-728	670	-469	-405
Issuance of Common Stock	-	1	4	618	9
Repurchase of Common Stock	-150	-22	-	-887	-10
Common Dividends Paid	-369	-269	-268	-266	-248
Other Financing Activities	-112	-108	-101	-123	-159
Financing Cash Flow	-375	-1,126	305	-1,127	-813
Foreign Exchange Rate Adjustments	142	-123	15	3	-12
Net Cash Flow	614	1,860	-2	-113	7
Free Cash Flow	726	3,096	159	1,051	878
Free Cash Flow Growth	-76.55%	1847.17%	-84.87%	19.70%	2.69%
Free Cash Flow Margin	36.28%	152.51%	8.18%	58.98%	46.80%
Free Cash Flow Per Share	1.69	7.05	0.36	2.34	1.93
Cash Interest Paid	110	109	103	121	152
Cash Income Tax Paid	168	442	186	31	31
Levered Free Cash Flow	725.5	990.5	-1,128	718.5	671.38
Unlevered Free Cash Flow	796.75	1,046	-1,050	794.13	767
Change in Working Capital	231	118	449	-456	58

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.