ETR:WB2 Cash Flow Statement

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

Millions USD. 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	1,170	1,056	815	633	558
Depreciation & Amortization	457	457	475	426	441
Loss (Gain) From Sale of Assets	40	4	7	3	-4
Asset Writedown & Restructuring Costs	-	2	2	-	-
Stock-Based Compensation	80	66	47	41	46
Other Operating Activities	5	62	-48	44	95
Change in Accounts Receivable	-36	-34	-195	-52	-76
Change in Inventory	-182	-117	-58	-368	-41
Change in Accounts Payable	34	70	-58	306	109
Change in Income Taxes	6	21	1	7	-4
Change in Other Net Operating Assets	185	247	213	-2	-51
Operating Cash Flow	1,759	1,834	1,201	1,038	1,073
Operating Cash Flow Growth	-4.09%	52.71%	15.70%	-3.26%	36.86%
Capital Expenditures	-260	-207	-186	-149	-130
Sale of Property, Plant & Equipment	5	13	2	3	25
Cash Acquisitions	-2,520	-168	-308	-89	-435
Divestitures	8	19	-	-	-
Other Investing Activities	20	-	-	-	-
Investing Cash Flow	-2,747	-343	-492	-235	-540
Long-Term Debt Issued	4,708	2,258	5,563	6,087	5,391
Long-Term Debt Repaid	-3,224	-2,322	-5,521	-6,117	-5,552
Net Debt Issued (Repaid)	1,484	-64	42	-30	-161
Repurchase of Common Stock	-263	-1,122	-425	-480	-307
Common Dividends Paid	-173	-140	-123	-111	-92
Other Financing Activities	-17	-45	-127	-87	-93
Financing Cash Flow	1,031	-1,371	-633	-708	-653
Foreign Exchange Rate Adjustments	31	-25	3	-27	-6
Net Cash Flow	74	95	79	68	-126
Free Cash Flow	1,499	1,627	1,015	889	943
Free Cash Flow Growth	-7.87%	60.30%	14.17%	-5.73%	45.52%
Free Cash Flow Margin	13.42%	15.66%	10.49%	10.63%	12.06%
Free Cash Flow Per Share	8.76	9.31	5.66	4.86	5.01
Cash Interest Paid	219	181	210	179	164
Cash Income Tax Paid	342	237	233	157	123
Levered Free Cash Flow	1,225	1,268	653	756.38	850.5
Unlevered Free Cash Flow	1,365	1,393	789.25	868.25	958
Change in Working Capital	7	187	-97	-109	-63

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