ETR:RAA 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	341.08	325.92	284.04	237.74	158.86
Depreciation & Amortization	37.01	37.39	32.62	30.92	30.31
Other Adjustments	-7.69	-6.93	-5.2	-3.9	1.09
Change in Receivables	-28.26	-23.63	-5.21	-90.41	-20.97
Changes in Inventories	-16.73	-0.48	12.11	-19.01	-20.97
Changes in Accounts Payable	7.66	18.48	10.36	23.64	28.02
Changes in Income Taxes Payable	-85.87	-73.91	-69.97	-34.65	-28.79
Changes in Other Operating Activities	5.85	6.22	-0.4	16.28	24.56
Operating Cash Flow	253.08	283.06	258.35	160.62	172.1
Operating Cash Flow Growth	-10.59%	9.57%	60.84%	-6.67%	85.67%
Capital Expenditures	-33.7	-31.62	-34.63	-37.18	-25.82
Sale of Property, Plant & Equipment	0.03	0.08	0.56	0.24	0.07
Purchases of Investments	-5.79	-82.22	-133.2	-45.41	-58.81
Other Investing Activities	7.18	11.07	5.56	0.49	0.26
Investing Cash Flow	-32.28	-102.69	-161.71	-81.87	-84.29
Long-Term Debt Issued	-	-	-	-	-0.96
Long-Term Debt Repaid	-11.81	-11.28	-10.9	-10.26	-10.08
Net Long-Term Debt Issued (Repaid)	-11.81	-11.28	-10.9	-10.26	-11.05
Common Dividends Paid	-170.55	-153.5	-153.5	-113.7	-54.58
Other Financing Activities	-1.39	-1.39	-1.16	-0.65	-0.62
Financing Cash Flow	-183.76	-166.16	-165.56	-124.61	-66.24
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-3.25	0.36	-1.01	0.06	1
Net Cash Flow	33.79	14.57	-69.94	-45.79	22.57
Free Cash Flow	219.38	251.45	223.71	123.43	146.28
Free Cash Flow Growth	-12.75%	12.40%	81.24%	-15.62%	146.71%
FCF Margin	17.42%	21.07%	19.87%	12.07%	18.76%
Free Cash Flow Per Share	19.29	22.11	19.68	10.86	12.87
Levered Free Cash Flow	156.27	195.34	153.16	155.46	119.92
Unlevered Free Cash Flow	161.73	197.6	158.75	165.54	131.96

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