ETR:HOT 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	902.33	775.63	522.75	481.77	207.92
Depreciation & Amortization	670.43	594.42	320.59	334.79	314.64
Loss (Gain) From Sale of Assets	-	-	-	-28.53	-10.09
Asset Writedown & Restructuring Costs	-	-	-	9.23	-0.41
Other Operating Activities	119.4	451.66	531.45	-202.94	289.45
Change in Other Net Operating Assets	345.72	307.68	-39.52	456.49	-414.32
Operating Cash Flow	2,038	2,129	1,335	1,051	387.2
Operating Cash Flow Growth	-4.30%	59.47%	27.07%	171.39%	-45.26%
Capital Expenditures	-424.74	-473.7	-210.79	-187.54	-79.24
Sale of Property, Plant & Equipment	36.01	37.38	18.26	23.55	23.69
Cash Acquisitions	-1,317	-1,028	-383.41	-316.42	-193.01
Divestitures	341.3	90.47	416.86	56.89	78.58
Investment in Securities	-259.89	-114.8	-90.6	-61.08	-50.01
Investing Cash Flow	-1,625	-1,489	-249.67	-484.59	-220
Long-Term Debt Issued	3,014	3,889	2,104	3,055	2,051
Total Debt Issued	3,014	3,889	2,104	3,055	2,051
Long-Term Debt Repaid	-2,593	-3,159	-2,304	-2,455	-2,747
Total Debt Repaid	-2,593	-3,159	-2,304	-2,455	-2,747
Net Debt Issued (Repaid)	421.7	729.86	-199.86	599.46	-696.15
Issuance of Common Stock	1.73	1.76	1.9	406.4	0.38
Repurchase of Common Stock	-	-	-	-	-4.95
Common Dividends Paid	-393.46	-330.94	-300.76	-130.11	-267.98
Other Financing Activities	-103.01	-54.58	-84.9	-1,043	-106.43
Financing Cash Flow	-73.05	346.11	-583.61	-167.2	-1,075
Foreign Exchange Rate Adjustments	-451.92	201.9	-158.48	125.37	224.98
Net Cash Flow	-111.89	1,188	343.5	524.4	-682.95
Free Cash Flow	1,613	1,656	1,124	863.28	307.96
Free Cash Flow Growth	-2.57%	47.24%	30.26%	180.32%	-0.68%
Free Cash Flow Margin	4.22%	4.97%	4.05%	3.29%	1.44%
Free Cash Flow Per Share	21.44	22.01	14.95	11.98	4.52
Cash Interest Paid	489.59	445.91	265.65	152.03	111.59
Cash Income Tax Paid	242.2	242.19	114.25	125.13	123.77
Levered Free Cash Flow	1,768	116.92	454.3	779.09	150.73
Unlevered Free Cash Flow	2,059	380.83	614.71	894.33	240.23
Change in Working Capital	345.72	307.68	-39.52	456.49	-414.32

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