Villeroy & Boch AG Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	14.7	5.9	60.7	71.2	60.2
Depreciation & Amortization	66	64.7	39	40.5	39.6
Other Amortization	6.7	6.4	1.5	-	-
Loss (Gain) From Sale of Assets	-2.3	-1.4	-6.5	-3.1	-
Asset Writedown & Restructuring Costs	9.5	2.6	-0.3	0.6	0.7
Loss (Gain) From Sale of Investments	-	-	4	0.3	-
Loss (Gain) on Equity Investments	-0.4	-2.7	-0.3	-	-
Other Operating Activities	-10.7	1.5	-15.7	-8.9	0.4
Change in Inventory	54.1	8.5	10.6	-68.8	-35.9
Change in Other Net Operating Assets	-14.7	-27.1	-25.4	22.3	8.8
Operating Cash Flow	122.9	58.4	67.6	54.1	73.8
Operating Cash Flow Growth	110.44%	-13.61%	24.95%	-26.69%	-45.93%
Capital Expenditures	-45.8	-58.3	-41	-36.7	-25.7
Sale of Property, Plant & Equipment	1.7	4.1	0.1	4.3	5
Cash Acquisitions	-	-414.6	-	-	-
Divestitures	72.6	13.1	2.6	1.4	0.5
Investment in Securities	0.2	-10.1	43.5	-3.2	-40.7
Other Investing Activities	0.5	-	-	15	-15
Investing Cash Flow	29.2	-465.8	5.2	-19.2	-75.9
Long-Term Debt Issued	-	173.7	126.2	-	-
Long-Term Debt Repaid	-109.5	-30.4	-19.3	-43.1	-19.3
Net Debt Issued (Repaid)	-109.5	143.3	106.9	-43.1	-19.3
Issuance of Common Stock	1.3	1.5	0.7	-	-
Common Dividends Paid	-23.3	-27.2	-31.1	-25.8	-13.8
Other Financing Activities	-	-0.5	-	-0.1	-0.4
Financing Cash Flow	-131.5	117.1	76.5	-69	-33.5
Foreign Exchange Rate Adjustments	-2.2	-0.4	-1.5	-3.4	1.9
Miscellaneous Cash Flow Adjustments	-	-1.4	-	-	-
Net Cash Flow	18.4	-292.1	147.8	-37.5	-33.7
Free Cash Flow	77.1	0.1	26.6	17.4	48.1
Free Cash Flow Growth	77000.00%	-99.62%	52.87%	-63.82%	-58.75%
Free Cash Flow Margin	5.33%	0.01%	2.95%	1.75%	5.09%
Free Cash Flow Per Share	2.88	0.00	1.00	0.66	1.82
Cash Interest Paid	29.5	22.1	3.9	3.2	2.5
Cash Income Tax Paid	0.6	17.2	16.6	18.2	12.8
Levered Free Cash Flow	111.53	-18.58	-14.88	42.94	46.83
Unlevered Free Cash Flow	136.34	2.68	-7.81	46.81	50.76
Change in Working Capital	39.4	-18.6	-14.8	-46.5	-27.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.