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
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	840	717	535	474	291	-27
Depreciation & Amortization	450	386	302	226	215	271
Other Amortization	-	-	-	23	24	-
Loss (Gain) From Sale of Assets	51	103	-59	-5	-	-6
Asset Writedown & Restructuring Costs	31	17	6	-	15	32
Loss (Gain) on Equity Investments	7	15	-4	-39	15	11
Other Operating Activities	-21	42	49	37	22	-19
Change in Accounts Receivable	18	-102	39	-39	63	-28
Change in Other Net Operating Assets	-364	542	-188	-516	-46	-35
Operating Cash Flow	1,012	1,720	743	174	690	453
Operating Cash Flow Growth	-30.78%	131.49%	327.01%	-74.78%	52.32%	-24.75%
Capital Expenditures	-914	-732	-398	-349	-271	-237
Sale of Property, Plant & Equipment	12	10	2	19	3	20
Cash Acquisitions	-534	-508	-1,064	-205	-35	-3
Divestitures	41	24	155	2	1	1
Investment in Securities	-	-	130	-	-160	20
Other Investing Activities	35	34	-	-1	-	11
Investing Cash Flow	-1,360	-1,172	-1,175	-534	-462	-188
Long-Term Debt Issued	-	793	1,294	249	122	444
Long-Term Debt Repaid	-	-773	-485	-232	-231	-487
Net Debt Issued (Repaid)	805	20	809	17	-109	-43
Issuance of Common Stock	-	-	113	-	-	-
Common Dividends Paid	-369	-248	-187	-143	-87	-104
Other Financing Activities	11	-6	11	-5	-6	-1
Financing Cash Flow	447	-234	746	-131	-202	-148
Foreign Exchange Rate Adjustments	-16	-2	-9	1	4	-10
Miscellaneous Cash Flow Adjustments	-2	-1	-	-	-	1
Net Cash Flow	81	311	305	-490	30	108
Free Cash Flow	98	988	345	-175	419	216
Free Cash Flow Growth	-88.89%	186.38%	-	-	93.98%	-31.21%
Free Cash Flow Margin	0.89%	10.13%	4.81%	-2.73%	7.41%	4.00%
Free Cash Flow Per Share	2.10	21.17	7.45	-4.04	9.68	5.00
Cash Interest Paid	7	-	-	-	23	25
Cash Income Tax Paid	360	351	157	154	72	85
Levered Free Cash Flow	-1.63	850.13	526.88	-280	275.25	329.13
Unlevered Free Cash Flow	79	934.5	596.25	-260	294.63	354.13
Change in Working Capital	-346	440	-149	-555	17	-63

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.