ETR:CON 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	-165	1,168	1,156	66.6	1,435
Depreciation & Amortization	1,202	1,022	2,118	2,198	2,229
Other Amortization	8	52	50	46.4	-
Loss (Gain) From Sale of Assets	676	-3	44	-16.2	-295.6
Asset Writedown & Restructuring Costs	376	37	57	966.7	29.1
Loss (Gain) on Equity Investments	-11	-6	-46	-29.1	-10.6
Other Operating Activities	-342	71	-146	32	-114.2
Change in Accounts Receivable	17	-25	51	-821.9	31.2
Change in Inventory	89	-97	378	-1,645	-1,418
Change in Accounts Payable	-337	53	-693	1,733	941.4
Change in Other Net Operating Assets	501	-644	359	-235.1	-30.3
Operating Cash Flow	395	2,934	3,328	2,296	2,954
Operating Cash Flow Growth	-86.54%	-11.84%	44.98%	-22.30%	8.86%
Capital Expenditures	-1,072	-1,056	-2,124	-2,133	-1,826
Sale of Property, Plant & Equipment	19	26	107	73.4	77.7
Cash Acquisitions	-	1	-175	-108.5	-124.7
Divestitures	9	4	42	-0.6	342.8
Sale (Purchase) of Intangibles	-3	-	-18	-36.3	-52
Other Investing Activities	-371	-796	-1	-0.1	-
Investing Cash Flow	-1,418	-1,821	-2,169	-2,205	-1,582
Long-Term Debt Issued	1,363	600	1,250	1,447	-
Total Debt Issued	1,363	600	1,250	1,447	-
Long-Term Debt Repaid	-1,073	-1,205	-2,009	-323.6	-1,153
Total Debt Repaid	-1,073	-1,205	-2,009	-323.6	-1,153
Net Debt Issued (Repaid)	290	-605	-759	1,124	-1,153
Common Dividends Paid	-500	-440	-300	-440	-
Other Financing Activities	75	-27	-70	-30.1	-3.5
Financing Cash Flow	-135	-1,072	-1,129	653.5	-1,157
Foreign Exchange Rate Adjustments	-181	3	-94	-25.2	96.1
Miscellaneous Cash Flow Adjustments	-124	-1	-	-	-
Net Cash Flow	-1,463	43	-64	718.9	311.8
Free Cash Flow	-677	1,878	1,204	162.7	1,129
Free Cash Flow Growth	-	55.98%	640.01%	-85.58%	46.27%
Free Cash Flow Margin	-3.44%	9.35%	2.91%	0.41%	3.34%
Free Cash Flow Per Share	-3.38	9.39	6.02	0.81	5.64
Cash Interest Paid	293	320	279	151.9	165.4
Cash Income Tax Paid	562	557	725	597.2	751.2
Levered Free Cash Flow	1,772	737.75	865.62	581.95	13.18
Unlevered Free Cash Flow	1,992	965.88	1,127	689.7	98.43
Change in Working Capital	270	-713	95	-969	-475.4

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