PUMA SE 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	-493.4	462.3	478.3	551.7	505.3
Depreciation & Amortization	475.1	386.9	357.5	358.7	305.8
Other Adjustments	227	29.4	128.2	8.6	10
Change in Receivables	239.2	-231.5	-153.4	-209.4	-283.2
Changes in Inventories	-283.3	-218.2	352.1	-747	-304.3
Changes in Accounts Payable	-385.2	380.3	-327.9	613.1	373.2
Changes in Income Taxes Payable	-98.8	-114.4	-181.3	-157.4	-146.9
Operating Cash Flow	-319.3	694.8	653.6	418.3	460.1
Operating Cash Flow Growth	-	6.30%	56.25%	-9.09%	9.16%
Capital Expenditures	-206.3	-263	-300.4	-263.6	-202.4
Sale of Property, Plant & Equipment	9.9	8.7	14.3	1.3	18.3
Purchases of Intangible Assets	-27.7	-7.6	-36.3	-10.8	-11.6
Other Investing Activities	13	31.4	37.8	32.3	11.9
Investing Cash Flow	-211	-230.5	-284.6	-240.8	-183.8
Short-Term Debt Issued	730.8	39	0	17.9	0
Short-Term Debt Repaid	-76.2	-125	-59.1	-9.5	-53.4
Net Short-Term Debt Issued (Repaid)	654.6	-86	-59.1	8.4	-53.4
Long-Term Debt Issued	275	0	299.6	0	235
Long-Term Debt Repaid	-	-	-	-60	-68.5
Net Long-Term Debt Issued (Repaid)	275	-	299.6	-60	166.5
Repurchase of Common Stock	-59.7	-50	0	-	-
Net Common Stock Issued (Repurchased)	-59.7	-50	-	-	-
Common Dividends Paid	-89.8	-122.8	-122.8	-107.7	-23.9
Other Financing Activities	-383.3	-439.1	-394.7	-317.1	-253.1
Financing Cash Flow	396.9	-697.8	-277.1	-476.4	-164
Effect of Exchange Rate Changes on Cash and Cash Equivalents	55.2	48.8	-2.1	4.4	-10.5
Net Cash Flow	-78.2	-184.7	89.8	-294.4	101.7
Free Cash Flow	-525.6	431.8	353.2	154.7	257.7
Free Cash Flow Growth	-	22.25%	128.31%	-39.97%	-4.73%
FCF Margin	-7.20%	5.14%	4.11%	1.83%	3.79%
Free Cash Flow Per Share	-3.56	2.89	2.36	1.03	1.72
Levered Free Cash Flow	-214.4	367.2	445.4	105.7	448.1
Unlevered Free Cash Flow	-938.15	556.94	368.51	296.47	440.83

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.