ETR:SRT3 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	230.6	175.7	41.6	232.1	942.3	479
Depreciation & Amortization	423.2	420.1	415.9	341.5	287.1	231.2
Other Adjustments	237.5	228.5	234.3	113.7	-89.7	274.9
Change in Receivables	-9.9	45.8	27.3	168.6	-86.6	-99.1
Changes in Inventories	-62.7	-48.6	258.6	118.1	-261.6	-294.4
Changes in Accounts Payable	77.9	15.4	-1.5	-120.2	-57.3	281.6
Operating Cash Flow	886.7	837	976.2	853.6	734.2	873.2
Operating Cash Flow Growth	-17.13%	-14.26%	14.36%	16.26%	-15.92%	70.70%
Capital Expenditures	-443.5	-441.9	-409.9	-559.7	-522.6	-407.2
Sale of Property, Plant & Equipment	0.8	-	-	-	-	-
Purchases of Investments	-8.7	-11.4	-15.9	-22.7	-	-
Proceeds from Sale of Investments	-	6.7	0	-	-	-
Payments for Business Acquisitions	-	-67.1	0	-2,241	-536.1	-141.7
Other Investing Activities	-	-	-	-	-71.2	-20.5
Investing Cash Flow	-506.05	-513.7	-425.8	-2,823	-593.8	-427.9
Long-Term Debt Issued	10.7	8.7	12.6	6,059	1,648	137
Long-Term Debt Repaid	-343.3	-348.4	-847.6	-3,565	-1,243	-211.7
Net Long-Term Debt Issued (Repaid)	-332.6	-339.7	-835	2,494	404.8	-74.7
Issuance of Common Stock	-	0	198.3	0	-	-
Net Common Stock Issued (Repurchased)	-	0	198.3	0	-	-
Common Dividends Paid	-101.5	-50.7	-50.7	-98.2	-85.9	-48.2
Other Financing Activities	-203.8	-200.8	559.2	-230.1	-109.2	-49.6
Financing Cash Flow	-637.9	-591.4	-128.3	2,166	209.9	-172.6
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-2.7	-3.9	12	17.3	8.9	8
Net Cash Flow	-262.9	-268.1	422.1	196	-185.8	131
Free Cash Flow	443.2	395.1	566.3	293.9	211.6	466
Free Cash Flow Growth	12.17%	-30.23%	92.69%	38.89%	-54.59%	71.78%
FCF Margin	12.47%	11.17%	16.75%	8.66%	5.07%	13.51%
Free Cash Flow Per Share	6.41	5.72	8.21	4.30	3.09	6.81
Levered Free Cash Flow	-175	-239.8	-487.9	2,479	528.5	55.4
Unlevered Free Cash Flow	378.15	316.13	551.88	158.9	268.37	388.2

Updated Mar 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.