EPA:URW Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	772.2	146.2	-1,629	178.2	-972.1	-7,213
Depreciation & Amortization	151.4	127.6	49.3	15.1	87.5	126.9
Gain (Loss) on Sale of Assets	15.5	8.6	10.3	-30.9	-208.3	86.3
Gain (Loss) on Sale of Investments	-43.6	-69.8	-86.5	-7.7	-2.6	0.1
Asset Writedown	168.6	1,118	2,480	1,111	1,343	6,433
Stock-Based Compensation	24.5	23.8	18.9	17.8	12.5	12.8
Income (Loss) on Equity Investments	-408.1	-38.3	166.7	47.5	568	1,651
Change in Other Net Operating Assets	-33	-93.3	-43.6	129.4	215.2	1.1
Other Operating Activities	1,563	967.9	1,091	976.2	677.2	323.8
Operating Cash Flow	2,210	2,190	2,057	2,436	1,721	1,423
Operating Cash Flow Growth	7.70%	6.50%	-15.59%	41.59%	20.91%	-24.59%
Acquisition of Real Estate Assets	-1,052	-1,308	-1,181	-904.8	-888.9	-1,164
Sale of Real Estate Assets	904.3	493.7	298.8	585.5	923.6	493.3
Net Sale / Acq. of Real Estate Assets	-148.1	-814.6	-882.2	-319.3	34.7	-671
Cash Acquisition	-28.9	-68.9	-72.6	-	-28.2	-70.1
Investment in Marketable & Equity Securities	955.8	415.1	217.7	717.9	850.5	1,043
Investing Cash Flow	745.2	-537.1	-791.4	280.8	620.8	81.8
Long-Term Debt Issued	-	1,569	2,409	908.8	1,833	5,670
Long-Term Debt Repaid	-	-2,531	-769.2	-1,879	-3,438	-4,083
Net Debt Issued (Repaid)	-2,505	-962.7	1,640	-970.2	-1,605	1,587
Issuance of Common Stock	9.7	5.2	5.1	4.6	3.6	2.8
Repurchase of Common Stock	-	-	-174.7	-	-	-0.8
Common Dividends Paid	-636.9	-446.7	-58.7	-48.1	-48.1	-795.5
Other Financing Activities	-1,074	-478.1	-546.4	-629.1	-593.6	-676.8
Foreign Exchange Rate Adjustments	-64.5	15.6	44.4	7.3	13.7	20.4
Net Cash Flow	-1,315	-213.6	2,175	1,082	111.9	1,642
Cash Interest Paid	1,031	1,097	989.2	690	662.2	628.8
Cash Income Tax Paid	138.8	121.9	73.4	64.7	27.3	18.2
Levered Free Cash Flow	1,443	235.86	89.31	874.28	716.54	503.81
Unlevered Free Cash Flow	2,056	928.43	710.94	1,324	1,140	927.31
Change in Working Capital	-33	-93.3	-43.6	129.4	215.2	1.1

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.