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 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	344.21	341.08	325.92	284.04	237.74	158.86
Depreciation & Amortization	36.77	37.01	37.39	32.62	30.92	30.31
Other Adjustments	-4.4	-7.69	-6.93	-5.2	-3.9	1.09
Change in Receivables	-33.16	-28.26	-23.63	-5.21	-90.41	-20.97
Changes in Inventories	-20.25	-16.73	-0.48	12.11	-19.01	-20.97
Changes in Accounts Payable	22.2	7.66	18.48	10.36	23.64	28.02
Changes in Income Taxes Payable	-77.37	-85.87	-73.91	-69.97	-34.65	-28.79
Changes in Other Operating Activities	11.21	5.85	6.22	-0.4	16.28	24.56
Operating Cash Flow	279.22	253.08	283.06	258.35	160.62	172.1
Operating Cash Flow Growth	8.21%	-10.59%	9.57%	60.84%	-6.67%	85.67%
Capital Expenditures	-37.92	-33.7	-31.62	-34.63	-37.18	-25.82
Sale of Property, Plant & Equipment	0.05	0.03	0.08	0.56	0.24	0.07
Purchases of Investments	3.72	-5.79	-82.22	-133.2	-45.41	-58.81
Other Investing Activities	6.79	7.18	11.07	5.56	0.49	0.26
Investing Cash Flow	-32.35	-32.28	-102.69	-161.71	-81.87	-84.29
Long-Term Debt Issued	-	-	-	-	-	-0.96
Long-Term Debt Repaid	-11.87	-11.81	-11.28	-10.9	-10.26	-10.08
Net Long-Term Debt Issued (Repaid)	-11.87	-11.81	-11.28	-10.9	-10.26	-11.05
Common Dividends Paid	-170.55	-170.55	-153.5	-153.5	-113.7	-54.58
Other Financing Activities	-1.37	-1.39	-1.39	-1.16	-0.65	-0.62
Financing Cash Flow	-183.79	-183.76	-166.16	-165.56	-124.61	-66.24
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1.42	-3.25	0.36	-1.01	0.06	1
Net Cash Flow	61.66	33.79	14.57	-69.94	-45.79	22.57
Free Cash Flow	241.31	219.38	251.45	223.71	123.43	146.28
Free Cash Flow Growth	10.00%	-12.75%	12.40%	81.24%	-15.62%	146.71%
FCF Margin	18.82%	17.42%	21.07%	19.87%	12.07%	18.76%
Free Cash Flow Per Share	21.22	19.29	22.11	19.68	10.86	12.87
Levered Free Cash Flow	179.01	156.27	195.34	153.16	155.46	119.92
Unlevered Free Cash Flow	185.07	161.73	197.6	158.75	165.54	131.96

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.