Deutsche Lufthansa AG Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,559	1,339	1,380	1,673	791	-2,191
Depreciation & Amortization	2,380	2,361	2,335	2,199	2,304	2,238
Other Amortization	7	7	6	9	30	15
Loss (Gain) From Sale of Assets	-252	-96	-182	176	22	33
Asset Writedown & Restructuring Costs	31	36	15	63	121	26
Loss (Gain) From Sale of Investments	-	-	-	-	-35	-3
Loss (Gain) on Equity Investments	-228	-261	-189	-223	1	-2
Provision & Write-off of Bad Debts	28	28	53	73	45	9
Other Operating Activities	397	519	-2	430	-207	-592
Change in Other Net Operating Assets	432	104	476	505	2,096	866
Operating Cash Flow	4,354	4,037	3,892	4,905	5,168	399
Operating Cash Flow Growth	-0.09%	3.73%	-20.65%	-5.09%	1195.24%	-
Capital Expenditures	-4,679	-4,475	-3,898	-4,010	-2,508	-1,318
Sale of Property, Plant & Equipment	2,039	1,572	878	1,029	154	211
Divestitures	37	36	376	-14	-4	2
Investment in Securities	450	-641	-89	-219	-1,190	-1,724
Other Investing Activities	487	489	408	273	107	24
Investing Cash Flow	-1,666	-3,019	-2,325	-2,941	-3,441	-2,805
Long-Term Debt Issued	-	2,266	2,225	230	786	6,144
Long-Term Debt Repaid	-	-2,748	-2,745	-1,767	-2,664	-5,070
Net Debt Issued (Repaid)	-2,144	-482	-520	-1,537	-1,878	1,074
Issuance of Common Stock	-	-	-	-	-	3,309
Repurchase of Common Stock	-	-	-	-	-	-1,218
Common Dividends Paid	-359	-359	-359	-	-	-19
Other Financing Activities	-813	-797	-571	-535	-388	-272
Financing Cash Flow	-3,316	-1,638	-1,450	-2,072	-2,266	2,874
Foreign Exchange Rate Adjustments	-3	-10	5	-8	18	33
Net Cash Flow	-631	-630	122	-116	-521	501
Free Cash Flow	-325	-438	-6	895	2,660	-919
Free Cash Flow Growth	-	-	-	-66.35%	-	-
Free Cash Flow Margin	-0.81%	-1.10%	-0.02%	2.52%	8.60%	-5.46%
Free Cash Flow Per Share	-0.27	-0.37	-0.01	0.75	2.23	-1.24
Cash Interest Paid	811	788	558	509	379	272
Cash Income Tax Paid	91	-61	181	92	288	101
Levered Free Cash Flow	-2,177	-972.38	-1,291	-498.38	1,980	-40.88
Unlevered Free Cash Flow	-1,900	-686.75	-981.13	-175.88	2,226	182.25
Change in Working Capital	432	104	476	505	2,096	866

Source: S&P Global Market Intelligence. Standard template. Financial Sources.