SPIE SA 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	176.4	273.2	238.51	151.54	169.1
Depreciation & Amortization	413.4	373.6	292.79	283.22	263.86
Loss (Gain) From Sale of Assets	-	-	-3.8	-	-
Asset Writedown & Restructuring Costs	117.3	105.1	78.1	74.7	57.3
Loss (Gain) on Equity Investments	-0.5	-0.5	-0.99	-0.47	-0.33
Other Operating Activities	167.8	20.4	52.45	79.83	13.56
Change in Accounts Receivable	-46.3	-	-	-	-
Change in Inventory	2.3	-	-	-	-
Change in Accounts Payable	-92.8	-	-	-	-
Change in Income Taxes	0.3	-	-	-	-
Change in Other Net Operating Assets	149	148.7	56.26	-11.46	12.4
Operating Cash Flow	886.9	920.5	713.33	577.36	515.88
Operating Cash Flow Growth	-3.65%	29.04%	23.55%	11.92%	-7.91%
Capital Expenditures	-75	-88.6	-61.68	-65.82	-66.91
Sale of Property, Plant & Equipment	16.6	7.5	7.75	8.41	4.8
Cash Acquisitions	-226.7	-912.7	-170.58	-287.39	-147.36
Divestitures	1.5	-1.7	-5.09	27.86	-
Investment in Securities	-1	-0.2	-0.37	-0.92	-0.03
Other Investing Activities	-	0.2	-	-	-
Investing Cash Flow	-286.6	-994.8	-231.29	-315.21	-208.46
Long-Term Debt Issued	816.2	399.1	395.76	595.21	0.01
Long-Term Debt Repaid	-1,051	-602.6	-762.65	-747.36	-145.18
Net Debt Issued (Repaid)	-234.9	-203.5	-366.88	-152.14	-145.17
Issuance of Common Stock	61.4	43.9	33.53	19.58	33.49
Repurchase of Common Stock	-39.2	-	-	-	-
Common Dividends Paid	-176.5	-143.5	-126.73	-105.89	-91.28
Other Financing Activities	-98.1	-88.2	-85.69	-62.8	-59.09
Financing Cash Flow	-487.3	-391.3	-545.77	-301.26	-262.04
Foreign Exchange Rate Adjustments	-6.5	-3.5	-4.44	-6.03	2.52
Net Cash Flow	106.5	-469.1	-68.18	-45.13	47.9
Free Cash Flow	811.9	831.9	651.66	511.54	448.98
Free Cash Flow Growth	-2.40%	27.66%	27.39%	13.94%	-9.20%
Free Cash Flow Margin	7.74%	8.31%	7.39%	6.24%	6.35%
Free Cash Flow Per Share	4.79	4.94	3.93	3.12	2.78
Cash Income Tax Paid	200.1	172.6	96.75	96.7	67.66
Levered Free Cash Flow	820.5	707.82	605.59	507.9	418.23
Unlevered Free Cash Flow	883.5	772.75	663.12	550.86	457.6
Change in Working Capital	12.5	148.7	56.26	-11.46	12.4

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