TF1 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	152.8	205.5	191.9	176.1	225.3
Depreciation & Amortization	76.1	86	69.2	71	78.2
Other Amortization	347.4	338.8	305.9	395.4	311.5
Loss (Gain) From Sale of Assets	-15.8	-25.7	7.3	7.5	-10.2
Asset Writedown & Restructuring Costs	-19.4	1.7	5.2	7.5	1.2
Loss (Gain) on Equity Investments	6.5	1	2.7	49.2	29.6
Stock-Based Compensation	2	1.3	1.4	3.1	1.6
Other Operating Activities	-107.2	-103.5	-93.2	-90.4	-49.8
Change in Accounts Receivable	-17	-20.4	151.4	-47.2	-217
Change in Inventory	-12.6	-19.1	4.5	40.6	40.6
Change in Accounts Payable	47.7	41.9	-40.2	-123.7	208.1
Change in Other Net Operating Assets	-3.8	-32.5	20.5	-25.8	23.4
Operating Cash Flow	456.7	475	626.6	463.3	642.5
Operating Cash Flow Growth	-3.85%	-24.19%	35.25%	-27.89%	33.74%
Capital Expenditures	-358.4	-313.5	-298.2	-312.6	-330.8
Sale of Property, Plant & Equipment	8.5	33.6	0.4	1.2	1.5
Cash Acquisitions	-	-86.6	-4.4	-31.9	-42.7
Divestitures	45.7	2.7	-	163.9	38
Investment in Securities	-29.9	-	-	-0.8	4.8
Other Investing Activities	15.5	-8.5	-19.7	-24.9	20.5
Investing Cash Flow	-318.6	-372.3	-321.9	-205.1	-308.7
Long-Term Debt Issued	8.4	130.3	16.7	-	3.2
Long-Term Debt Repaid	-30.6	-52	-31.4	-31.8	-19.3
Net Debt Issued (Repaid)	-22.2	78.3	-14.7	-31.8	-16.1
Repurchase of Common Stock	-7	-35.8	-9.6	-20.4	-11.3
Common Dividends Paid	-126.6	-116.1	-105.2	-94.7	-94.7
Other Financing Activities	-3.7	10.4	8.2	-7.8	-7.3
Financing Cash Flow	-159.5	-63.2	-121.3	-154.7	-129.4
Foreign Exchange Rate Adjustments	-3.7	0.9	0.1	0.1	0.7
Net Cash Flow	-25.1	40.4	183.5	103.6	205.1
Free Cash Flow	98.3	161.5	328.4	150.7	311.7
Free Cash Flow Growth	-39.13%	-50.82%	117.92%	-51.65%	58.30%
Free Cash Flow Margin	4.28%	6.86%	14.30%	6.01%	12.84%
Free Cash Flow Per Share	0.46	0.76	1.55	0.71	1.48
Cash Income Tax Paid	75.4	70.1	56.2	64.8	63.1
Levered Free Cash Flow	212.23	242.76	381.61	231.09	316.9
Unlevered Free Cash Flow	219.23	250.08	387.3	235.59	320.53
Change in Working Capital	14.3	-30.1	136.2	-156.1	55.1

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