Adtran Networks SE 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	-21.88	-62.7	-12.24	18.13	59.22
Depreciation & Amortization	73.02	25.89	24.99	27.27	26.4
Other Amortization	-	40.44	39.24	41.97	44.01
Loss (Gain) From Sale of Assets	0.2	0.21	0.42	0.16	0.3
Asset Writedown & Restructuring Costs	-	17.37	4.55	3.46	-
Stock-Based Compensation	0.98	2.16	5.28	3.73	1.63
Other Operating Activities	3.32	14.73	10.78	-6.51	-14.81
Change in Accounts Receivable	-4.13	3.28	11.83	-40.75	1.17
Change in Inventory	7.1	15.13	22.56	-65.41	-39.08
Change in Accounts Payable	-5.86	5.97	-44.99	3.52	39.07
Change in Other Net Operating Assets	29.53	0.57	-17.05	29.26	5.35
Operating Cash Flow	82.28	63.05	45.38	14.84	123.25
Operating Cash Flow Growth	30.51%	38.92%	205.91%	-87.96%	26.88%
Capital Expenditures	-11.53	-10.69	-19	-17.49	-15.9
Sale (Purchase) of Intangibles	-54.7	-51.8	-49.23	-55.66	-48.38
Other Investing Activities	3.76	-3.61	-3.58	0.07	0.01
Investing Cash Flow	-62.46	-81.38	-71.81	-73.08	-64.27
Short-Term Debt Issued	-	8.22	88.86	-	-
Long-Term Debt Issued	-	69.18	10	33.5	-
Total Debt Issued	-	77.39	98.86	33.5	-
Short-Term Debt Repaid	-3.05	-53.03	-22.86	-	-
Long-Term Debt Repaid	-48.34	-30.56	-72.87	-30.77	-19.63
Total Debt Repaid	-51.4	-83.6	-95.73	-30.77	-19.63
Net Debt Issued (Repaid)	-51.4	-6.2	3.13	2.73	-19.63
Issuance of Common Stock	-	-	0.35	4.33	6.61
Other Financing Activities	48.88	18.76	-3.64	-1.67	-1.78
Financing Cash Flow	-2.51	12.56	-0.16	5.39	-14.8
Foreign Exchange Rate Adjustments	-0.71	2.26	-1.31	2.32	-0.08
Net Cash Flow	16.59	-3.51	-27.89	-50.54	44.11
Free Cash Flow	70.75	52.35	26.39	-2.66	107.35
Free Cash Flow Growth	35.14%	98.41%	-	-	28.57%
Free Cash Flow Margin	14.69%	11.95%	4.30%	-0.37%	17.79%
Free Cash Flow Per Share	1.36	1.01	0.51	-0.05	2.08
Cash Interest Paid	-	5.81	3.64	1.67	1.78
Cash Income Tax Paid	-	4.61	9.11	4.02	1.91
Levered Free Cash Flow	52.74	-5.86	-41.9	-50.74	48.14
Unlevered Free Cash Flow	55.52	-2.67	-39.64	-49.34	49.29
Change in Working Capital	26.64	24.94	-27.65	-73.38	6.51

Source: S&P Global Market Intelligence. Standard template. Financial Sources.