ETR:HLAG Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	846.3	2,392	2,949	17,043	9,085	935.4
Depreciation & Amortization	1,686	2,072	1,932	1,904	1,463	1,385
Other Adjustments	169.8	473.4	91	483.6	232.9	392.1
Change in Receivables	139.1	-608.3	1,149	302.3	-1,383	-225.4
Changes in Inventories	22.3	-140.5	-22.9	-81.8	-139.5	59.1
Changes in Accounts Payable	43.3	459.6	-650.7	-313.3	998.4	355.5
Changes in Income Taxes Payable	-1.7	-94.4	-138.7	-60.9	-26.4	-21.9
Changes in Other Operating Activities	-342.4	147.3	245.4	421.2	180	17.9
Operating Cash Flow	3,933	4,365	4,966	19,503	10,406	2,898
Operating Cash Flow Growth	22.85%	-12.10%	-74.54%	87.43%	259.08%	42.88%
Capital Expenditures	-2,029	-2,166	-1,705	-1,441	-1,253	-560.4
Sale of Property, Plant & Equipment	63.18	70.8	125.6	112.6	53.8	31
Purchases of Investments	-53.88	-193.1	-873.5	-23.9	-0.9	-
Proceeds from Sale of Investments	-	-	-	-	1.3	-
Payments for Business Acquisitions	-5.8	-23.2	-762.8	-169.8	-69.7	-
Other Investing Activities	44.25	-1.7	980.2	-2,738	36.4	25.5
Investing Cash Flow	-1,780	-1,978	-1,648	-4,065	-1,227	-477.6
Long-Term Debt Issued	1,282	406.2	484.8	46.8	497.7	1,594
Long-Term Debt Repaid	-2,077	-1,524	-1,501	-1,586	-2,090	-3,257
Net Long-Term Debt Issued (Repaid)	-795.46	-1,117	-1,016	-1,539	-1,592	-1,663
Common Dividends Paid	-1,456	-1,640	-11,088	-6,165	-633.5	-203.5
Other Financing Activities	-431.55	-326.2	-72.3	-525.8	-254.7	-299.5
Financing Cash Flow	-2,613	-3,083	-12,177	-8,230	-2,481	-2,192
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-602.8	366.4	-567.6	304.5	344.8	-58.5
Net Cash Flow	-1,064	-329.2	-9,426	7,513	7,042	169.7
Free Cash Flow	1,904	2,199	3,261	18,063	9,153	2,338
Free Cash Flow Growth	-13.41%	-32.59%	-81.94%	97.35%	291.56%	47.57%
FCF Margin	9.83%	11.50%	18.19%	52.29%	41.09%	18.30%
Free Cash Flow Per Share	-	12.51	18.55	102.75	52.06	13.30
Levered Free Cash Flow	-841.33	1,546	1,579	15,920	8,705	499.4
Unlevered Free Cash Flow	982.88	2,630	2,104	17,661	10,522	2,460

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.