ETR:PAH3 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	-21,259	-20,017	5,074	5,492	4,566	2,623
Depreciation & Amortization	1	1	1	1	1	1
Loss (Gain) From Sale of Investments	21,123	19,878	-5,208	-5,263	-4,615	-2,700
Other Operating Activities	840	1,570	2,023	562	759	834
Change in Other Net Operating Assets	2	-1	-17	-1	2	-
Operating Cash Flow	707	1,431	1,873	816	708	773
Operating Cash Flow Growth	-55.95%	-23.60%	129.53%	15.25%	-8.41%	7.06%
Divestitures	-	-	-	201	-	-
Investment in Securities	698	-277	-243	-7,487	-3	-184
Other Investing Activities	-1	-	-	-1	-1	-2
Investing Cash Flow	697	-277	-243	-7,287	-4	-186
Long-Term Debt Issued	-	1,591	4,711	7,070	-	-
Long-Term Debt Repaid	-	-771	-5,151	-1	-1	-1
Net Debt Issued (Repaid)	-689	820	-440	7,069	-1	-1
Common Dividends Paid	-584	-783	-783	-783	-676	-676
Other Financing Activities	1	-	1	-	-14	-3
Financing Cash Flow	-1,272	37	-1,222	6,286	-691	-680
Miscellaneous Cash Flow Adjustments	-2	1	-	-1	-1	-1
Net Cash Flow	130	1,192	408	-186	12	-94
Free Cash Flow	707	1,431	1,873	816	708	773
Free Cash Flow Growth	-55.95%	-23.60%	129.53%	15.25%	-8.41%	7.96%
Free Cash Flow Per Share	-	4.67	6.12	2.66	2.31	2.52
Cash Interest Paid	330	317	248	52	1	2
Cash Income Tax Paid	-	-	-311	-	4	-
Levered Free Cash Flow	-503	-236.38	222	-75	-248.25	19.88
Unlevered Free Cash Flow	-279.88	-11.38	422	-35	-248.25	21.75
Change in Working Capital	2	-1	-17	-1	2	-

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