Rheinmetall AG 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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Net Income	822	717	535	474	291	-27	Upgrade
Depreciation & Amortization	430	386	302	226	215	271	Upgrade
Other Amortization	-	-	-	23	24	-	Upgrade
Loss (Gain) From Sale of Assets	47	103	-59	-5	-	-6	Upgrade
Asset Writedown & Restructuring Costs	31	17	6	-	15	32	Upgrade
Loss (Gain) on Equity Investments	15	15	-4	-39	15	11	Upgrade
Other Operating Activities	19	42	49	37	22	-19	Upgrade
Change in Accounts Receivable	-43	-102	39	-39	63	-28	Upgrade
Change in Other Net Operating Assets	-84	542	-188	-516	-46	-35	Upgrade
Operating Cash Flow	1,237	1,720	743	174	690	453	Upgrade
Operating Cash Flow Growth	6.91%	131.49%	327.01%	-74.78%	52.32%	-24.75%	Upgrade
Capital Expenditures	-852	-732	-398	-349	-271	-237	Upgrade
Sale of Property, Plant & Equipment	16	10	2	19	3	20	Upgrade
Cash Acquisitions	-472	-508	-1,064	-205	-35	-3	Upgrade
Divestitures	29	24	155	2	1	1	Upgrade
Investment in Securities	-	-	130	-	-160	20	Upgrade
Other Investing Activities	34	34	-	-1	-	11	Upgrade
Investing Cash Flow	-1,245	-1,172	-1,175	-534	-462	-188	Upgrade
Long-Term Debt Issued	-	793	1,294	249	122	444	Upgrade
Long-Term Debt Repaid	-	-773	-485	-232	-231	-487	Upgrade
Net Debt Issued (Repaid)	179	20	809	17	-109	-43	Upgrade
Issuance of Common Stock	-	-	113	-	-	-	Upgrade
Common Dividends Paid	-369	-248	-187	-143	-87	-104	Upgrade
Other Financing Activities	22	-6	11	-5	-6	-1	Upgrade
Financing Cash Flow	-168	-234	746	-131	-202	-148	Upgrade
Foreign Exchange Rate Adjustments	-22	-2	-9	1	4	-10	Upgrade
Miscellaneous Cash Flow Adjustments	1	-1	-	-	-	1	Upgrade
Net Cash Flow	-197	311	305	-490	30	108	Upgrade
Free Cash Flow	385	988	345	-175	419	216	Upgrade
Free Cash Flow Growth	-41.75%	186.38%	-	-	93.98%	-31.21%	Upgrade
Free Cash Flow Margin	3.61%	10.13%	4.81%	-2.73%	7.41%	4.00%	Upgrade
Free Cash Flow Per Share	8.25	21.17	7.45	-4.04	9.68	5.00	Upgrade
Cash Interest Paid	3	-	-	-	23	25	Upgrade
Cash Income Tax Paid	360	351	157	154	72	85	Upgrade
Levered Free Cash Flow	301.5	850.13	526.88	-280	275.25	329.13	Upgrade
Unlevered Free Cash Flow	382.75	934.5	596.25	-260	294.63	354.13	Upgrade
Change in Working Capital	-127	440	-149	-555	17	-63	Upgrade

Updated Mar 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.