flatexDEGIRO 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	160.4	111.5	71.86	106.19	51.55
Depreciation & Amortization	40.7	40.2	32.02	29.7	30.07
Stock-Based Compensation	11.4	0.4	-26.75	-38.44	59.2
Other Adjustments	-7	12.2	-11.07	21.48	8.53
Changes in Restricted Cash and Segregated Assets	-783.4	-12.5	82.2	-162.1	-39.55
Changes in Trading Assets	31.6	10.3	13.63	5.82	-11.74
Change in Receivables	-179.4	-255.5	-23.5	393.72	-453.48
Changes in Trading Liabilities	1,925	690.4	403.67	390.63	721.65
Changes in Accounts Payable	-27.1	41.8	-13.52	-68.75	47.65
Changes in Other Operating Activities	9	44.8	0.97	-10.11	-23.32
Operating Cash Flow	208.5	168.9	63.08	113.32	125.03
Operating Cash Flow Growth	23.45%	167.76%	-44.33%	-9.37%	-11.61%
Capital Expenditures	-4.8	-8.9	-6.26	-9.55	-2.36
Purchases of Intangible Assets	-35.1	-31.6	-32.24	-33.19	-17.8
Purchases of Investments	-9.9	-7.7	-7.84	-6.67	-5.93
Proceeds from Business Divestments	-	-	0.2	-	-
Investing Cash Flow	-49.8	-48.2	-46.14	-49.41	-26.09
Long-Term Debt Issued	-	-	-	4.43	-3.12
Net Long-Term Debt Issued (Repaid)	-	-	-	4.43	-3.12
Issuance of Common Stock	-	0.1	0.32	0.32	1.78
Repurchase of Common Stock	-22.4	-28.7	-	-	-
Net Common Stock Issued (Repurchased)	-22.4	-28.6	0.32	0.32	1.78
Common Dividends Paid	-4.3	-4.4	-	-	-
Other Financing Activities	-	-	-	-14.7	-
Financing Cash Flow	-28.5	-32.2	-0.39	-9.96	-1.34
Net Cash Flow	1,105	602.3	483.69	608.76	363.13
Free Cash Flow	203.7	160	56.82	103.77	122.67
Free Cash Flow Growth	27.31%	181.59%	-45.24%	-15.41%	-8.93%
FCF Margin	36.39%	33.33%	14.54%	25.50%	29.38%
Free Cash Flow Per Share	1.90	1.46	0.52	0.94	1.11
Levered Free Cash Flow	1,352	917.6	584.57	286.13	770.82
Unlevered Free Cash Flow	1,352	918.42	585.5	284.69	778