ETR:G1A 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	414.01	385.04	392.77	401.43	305.17
Depreciation & Amortization	176.79	169.96	150.14	144.52	146.02
Other Amortization	32.44	29.92	29.7	32.94	29.83
Loss (Gain) From Sale of Assets	-18.15	-9.05	-1.46	-0.95	-0.13
Asset Writedown & Restructuring Costs	6.85	14.8	7.9	8.46	5.07
Loss (Gain) From Sale of Investments	13.32	4.42	6.33	5.44	2.56
Other Operating Activities	34.58	22.06	-43.51	-70.87	-22.98
Change in Accounts Receivable	-56.46	-22.96	-70.86	-47.98	40.03
Change in Inventory	46.46	2.08	26.03	-96.61	3.34
Change in Accounts Payable	146.53	30.03	33.51	64.53	63.34
Change in Other Net Operating Assets	-69.72	84.21	6.96	30.7	103.63
Operating Cash Flow	731.8	710.12	533.57	469.33	682
Operating Cash Flow Growth	3.05%	33.09%	13.69%	-31.18%	-4.64%
Capital Expenditures	-255.29	-237.11	-228.36	-203.8	-129.85
Cash Acquisitions	-7.97	-5.97	-6.55	-	-
Divestitures	-	2.02	21.69	22.26	2.55
Investment in Securities	1.45	-7.83	-10.09	-12.44	-4.86
Other Investing Activities	46.53	43.25	22.68	18.2	19.69
Investing Cash Flow	-215.28	-205.63	-200.64	-175.78	-112.47
Long-Term Debt Issued	144.37	2.65	-	-	-
Long-Term Debt Repaid	-317.71	-68.87	-168.38	-119.08	-219.61
Net Debt Issued (Repaid)	-173.34	-66.22	-168.38	-119.08	-219.61
Repurchase of Common Stock	-120.06	-230.45	-52.74	-205.58	-93.79
Common Dividends Paid	-187.22	-168.57	-163.72	-159.59	-153.42
Other Financing Activities	-21.73	-18.7	-12.97	-13.31	-12.7
Financing Cash Flow	-502.35	-483.94	-397.8	-497.55	-479.53
Foreign Exchange Rate Adjustments	-26.56	-6.12	-29.97	-5.57	16.34
Net Cash Flow	-12.39	14.43	-94.84	-209.57	106.35
Free Cash Flow	476.51	473.01	305.21	265.53	552.15
Free Cash Flow Growth	0.74%	54.98%	14.94%	-51.91%	-10.60%
Free Cash Flow Margin	8.67%	8.72%	5.68%	5.14%	11.74%
Free Cash Flow Per Share	2.92	2.82	1.77	1.51	3.07
Cash Interest Paid	21.73	18.7	12.97	13.25	12.63
Cash Income Tax Paid	149.91	125.4	126.21	107.43	90.88
Levered Free Cash Flow	406.05	402.12	237.91	188.61	478.67
Unlevered Free Cash Flow	436.21	433.19	261.7	204.11	496.99
Change in Working Capital	66.82	93.36	-4.36	-49.36	210.34

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