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 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	858	835	808	586	540	332
Depreciation & Amortization	512	501	403	308	249	254
Other Adjustments	-148.5	222	52	-32	-78	40
Changes in Other Operating Activities	110	730	456	-120	-538	64
Operating Cash Flow	1,712	2,287	1,720	743	174	690
Operating Cash Flow Growth	-23.78%	32.97%	131.49%	327.01%	-74.78%	52.32%
Capital Expenditures	-869	-872	-732	-398	-349	-271
Sale of Property, Plant & Equipment	3	10	10	2	19	3
Purchases of Investments	-	-	-	130	-	-160
Payments for Business Acquisitions	-1,044	-54	-508	-1,064	-205	-35
Proceeds from Business Divestments	72	74	24	155	2	1
Other Investing Activities	-	-	35	-	-	-
Investing Cash Flow	-1,836	-843	-1,172	-1,175	-534	-462
Long-Term Debt Issued	971	71	793	1,294	249	122
Long-Term Debt Repaid	-136	-585	-773	-485	-232	-231
Net Long-Term Debt Issued (Repaid)	835	-514	20	809	17	-109
Issuance of Common Stock	-	-	-	113	-	-
Net Common Stock Issued (Repurchased)	-	-	-	113	-	-
Common Dividends Paid	-184.5	-369	-248	-187	-143	-87
Other Financing Activities	5	23	-7	11	-5	-5
Financing Cash Flow	469	-861	-234	746	-131	-202
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-10	-2	-9	1	4
Net Cash Flow	346	574	312	305	-490	30
Free Cash Flow	843	1,415	988	345	-175	419
Free Cash Flow Growth	-40.42%	43.22%	186.38%	-	-	93.98%
FCF Margin	8.81%	14.24%	12.81%	4.81%	-2.73%	7.41%
Free Cash Flow Per Share	18.07	30.33	21.17	7.44	-4.04	9.68
Levered Free Cash Flow	1,347	541	864	1,134	-147	229
Unlevered Free Cash Flow	1,022	1,619	1,040	483.39	-88.1	498.3