ETR:RAA 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	331.7	325.92	284.04	237.74	158.86	102.38
Depreciation & Amortization	38.73	37.39	32.62	30.92	30.31	29.28
Other Adjustments	-11.44	-12.69	-7.92	-0.91	-0.24	0.1
Change in Receivables	-10.3	-23.63	-5.21	-90.41	-20.97	36.05
Changes in Inventories	-15.86	-0.48	12.11	-19.01	-20.97	-7.85
Changes in Accounts Payable	16.31	18.48	10.36	23.64	28.02	-13.98
Changes in Income Taxes Payable	-97.89	-73.91	-69.97	-34.65	-28.79	-47.43
Changes in Other Operating Activities	6.26	6.22	-0.4	16.28	24.56	-9.34
Operating Cash Flow	263.03	283.06	258.35	160.62	172.1	92.69
Operating Cash Flow Growth	-1.70%	9.57%	60.84%	-6.67%	85.67%	-53.34%
Capital Expenditures	-26.6	-31.62	-34.63	-37.18	-25.82	-33.4
Sale of Property, Plant & Equipment	0.02	0.08	0.56	0.24	0.07	0.09
Purchases of Investments	-9.29	-82.22	-133.2	-45.41	-58.81	71.3
Other Investing Activities	12.14	11.07	5.56	0.49	0.26	0.4
Investing Cash Flow	-23.73	-102.69	-161.71	-81.87	-84.29	38.39
Long-Term Debt Issued	-	-	-	-	-0.96	-2.16
Long-Term Debt Repaid	-11.8	-11.28	-10.9	-10.26	-10.08	-11.71
Net Long-Term Debt Issued (Repaid)	-11.8	-11.28	-10.9	-10.26	-11.05	-13.88
Common Dividends Paid	-170.55	-153.5	-153.5	-113.7	-54.58	-64.81
Other Financing Activities	4.1	4.37	1.55	-3.63	0.71	3.26
Financing Cash Flow	-183.76	-166.16	-165.56	-124.61	-66.24	-78.93
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1.96	0.36	-1.01	0.06	1	-2.42
Net Cash Flow	53.58	14.57	-69.94	-45.79	22.57	49.74
Free Cash Flow	236.43	251.45	223.71	123.43	146.28	59.29
Free Cash Flow Growth	-5.97%	12.40%	81.24%	-15.62%	146.71%	-62.46%
FCF Margin	19.12%	21.07%	19.87%	12.07%	18.76%	9.13%
Free Cash Flow Per Share	20.79	22.11	19.68	10.86	12.87	5.21
Levered Free Cash Flow	164.08	195.34	153.16	155.46	119.92	-16.5
Unlevered Free Cash Flow	168.33	197.6	158.75	165.53	131.96	0.84

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.