Knorr-Bremse AG 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	534	445	553	489.28	621.31
Depreciation & Amortization	285	279	261	251.19	239.89
Other Amortization	93	80	71	53.49	42.14
Loss (Gain) From Sale of Assets	7	66	22	8.54	-18.81
Asset Writedown & Restructuring Costs	11	33	19	19.67	8.41
Loss (Gain) From Sale of Investments	24	18	20	13.8	2.34
Provision & Write-off of Bad Debts	-	-	-	10	19.96
Other Operating Activities	86	159	-31	196.48	203.43
Change in Inventory	-68	-56	-120	-493.71	-115.11
Change in Accounts Payable	144	18	120	139.83	84.82
Change in Other Net Operating Assets	-	-	-	-147.01	-112.88
Operating Cash Flow	1,116	1,042	915	541.55	975.49
Operating Cash Flow Growth	7.10%	13.88%	68.96%	-44.48%	-5.84%
Capital Expenditures	-236	-228	-254	-227.42	-261.9
Sale of Property, Plant & Equipment	4	29	12	29.91	19.14
Cash Acquisitions	-8	-636	-20	-203.42	-87.84
Divestitures	8	6	-7	-4.48	5.65
Sale (Purchase) of Intangibles	-94	-113	-121	-124.73	-132.74
Investment in Securities	-19	149	-39	-12.29	-81.4
Other Investing Activities	39	43	18	37.42	4.71
Investing Cash Flow	-306	-750	-411	-505	-534.37
Long-Term Debt Issued	69	1,099	16	740.22	47.33
Long-Term Debt Repaid	-914	-100	-123	-110.35	-1,103
Net Debt Issued (Repaid)	-845	999	-107	629.87	-1,056
Common Dividends Paid	-282	-264	-234	-298.22	-245.02
Other Financing Activities	-129	-105	-57	-492.46	-123.88
Financing Cash Flow	-1,256	630	-398	-160.81	-1,425
Foreign Exchange Rate Adjustments	-72	25	-35	8.5	69.55
Miscellaneous Cash Flow Adjustments	-	-	1	-0	0
Net Cash Flow	-518	947	72	-115.76	-914.23
Free Cash Flow	880	814	661	314.13	713.59
Free Cash Flow Growth	8.11%	23.15%	110.42%	-55.98%	-10.20%
Free Cash Flow Margin	11.13%	10.18%	8.22%	4.33%	10.51%
Free Cash Flow Per Share	5.46	5.05	4.10	1.95	4.43
Cash Interest Paid	91	59	59	31.94	36.62
Cash Income Tax Paid	181	204	259	203.55	182.29
Levered Free Cash Flow	607.13	558.63	174.07	-247.89	354.42
Unlevered Free Cash Flow	685.88	625.5	237.2	-216.29	389.72
Change in Working Capital	76	-38	-	-500.89	-143.17

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