ETR:WB2 Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
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	2015 - 2019
Net Income	1,180	1,056	815	633	558	414	Upgrade
Depreciation & Amortization	441	453	463	426	441	385	Upgrade
Loss (Gain) From Sale of Assets	4	4	7	3	-4	10	Upgrade
Asset Writedown & Restructuring Costs	6	6	14	-	-	-	Upgrade
Stock-Based Compensation	80	66	47	41	46	20	Upgrade
Other Operating Activities	33	62	-48	44	95	27	Upgrade
Change in Accounts Receivable	-310	-34	-195	-52	-76	315	Upgrade
Change in Inventory	-230	-117	-58	-368	-41	181	Upgrade
Change in Accounts Payable	59	70	-58	306	109	-269	Upgrade
Change in Income Taxes	55	21	1	7	-4	57	Upgrade
Change in Other Net Operating Assets	172	247	213	-2	-51	-356	Upgrade
Operating Cash Flow	1,490	1,834	1,201	1,038	1,073	784	Upgrade
Operating Cash Flow Growth	-17.08%	52.71%	15.70%	-3.26%	36.86%	-22.84%	Upgrade
Capital Expenditures	-222	-207	-186	-149	-130	-136	Upgrade
Sale of Property, Plant & Equipment	3	13	2	3	25	21	Upgrade
Cash Acquisitions	-1,910	-168	-308	-89	-435	-40	Upgrade
Divestitures	5	19	-	-	-	-	Upgrade
Investing Cash Flow	-2,124	-343	-492	-235	-540	-155	Upgrade
Long-Term Debt Issued	-	2,258	5,563	6,087	5,391	3,878	Upgrade
Long-Term Debt Repaid	-	-2,322	-5,521	-6,117	-5,552	-4,077	Upgrade
Net Debt Issued (Repaid)	1,233	-64	42	-30	-161	-199	Upgrade
Repurchase of Common Stock	-311	-1,122	-425	-480	-307	-207	Upgrade
Common Dividends Paid	-164	-140	-123	-111	-92	-93	Upgrade
Other Financing Activities	-13	-45	-127	-87	-93	-120	Upgrade
Financing Cash Flow	745	-1,371	-633	-708	-653	-619	Upgrade
Foreign Exchange Rate Adjustments	7	-25	3	-27	-6	-15	Upgrade
Net Cash Flow	118	95	79	68	-126	-5	Upgrade
Free Cash Flow	1,268	1,627	1,015	889	943	648	Upgrade
Free Cash Flow Growth	-20.60%	60.30%	14.17%	-5.73%	45.52%	-21.93%	Upgrade
Free Cash Flow Margin	11.76%	15.66%	10.49%	10.63%	12.06%	8.58%	Upgrade
Free Cash Flow Per Share	7.40	9.31	5.66	4.86	5.01	3.40	Upgrade
Cash Interest Paid	181	181	210	179	164	174	Upgrade
Cash Income Tax Paid	237	237	233	157	123	129	Upgrade
Levered Free Cash Flow	1,085	1,203	647.25	756.38	850.5	612.6	Upgrade
Unlevered Free Cash Flow	1,208	1,319	775.38	868.25	958	736.98	Upgrade
Change in Working Capital	-254	187	-97	-109	-63	-72	Upgrade

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