Deutsche Wohnen 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	1,147	-590.5	-2,698	-434.1	877.2
Depreciation & Amortization	73	42.3	249.8	138.7	42.4
Gain (Loss) on Sale of Assets	-57.8	-11.2	-2.9	-4.8	-127.5
Asset Writedown	168.1	645.4	3,971	925.6	-1,563
Change in Other Net Operating Assets	135.5	131.4	-219.9	-81.5	-14.1
Other Operating Activities	-671.7	508.1	-915.3	-179	1,393
Operating Cash Flow	793.6	725.5	384.8	364.9	607.3
Operating Cash Flow Growth	9.39%	88.54%	5.45%	-39.91%	20.38%
Acquisition of Real Estate Assets	-1,371	-621.4	-356.8	-799.5	-762
Sale of Real Estate Assets	355.6	330.2	18.6	1,685	635.7
Net Sale / Acq. of Real Estate Assets	-1,016	-291.2	-338.2	885.4	-126.3
Cash Acquisition	-	-2.4	-	-	-
Investment in Marketable & Equity Securities	-	-	-	-	9.7
Other Investing Activities	372.6	215.8	629.5	-880.2	-571.9
Investing Cash Flow	-295.2	-77.8	291.3	5.2	-688.5
Long-Term Debt Issued	698.8	-	-	40	1,354
Long-Term Debt Repaid	-1,014	-236.7	-487.4	-754.4	-1,290
Net Debt Issued (Repaid)	-315.5	-236.7	-487.4	-714.4	64.2
Issuance of Common Stock	-	-	-	-	660.8
Common Dividends Paid	-16.5	-16.5	-16.5	-15.9	-358.9
Other Financing Activities	-156.3	-163.9	-155	-132.2	-191.5
Net Cash Flow	10.1	230.6	17.2	-492.4	93.4
Cash Interest Paid	150.4	154.6	148.8	118.7	151.8
Cash Income Tax Paid	9.5	79.7	46.7	157.8	28.9
Levered Free Cash Flow	1,106	70.13	687.76	389.41	-1,213
Unlevered Free Cash Flow	1,210	178.81	803.83	435.41	-1,123
Change in Working Capital	135.5	131.4	-219.9	-81.5	-14.1

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