Valmet Oyj Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
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
Net Income	273	280	357	337	296	231
Depreciation & Amortization	190	199	177	187	108	96
Other Amortization	20	20	19	16	12	10
Loss (Gain) From Sale of Investments	-	-	-	-59	-	-
Other Operating Activities	77	12	-21	-46	-10	35
Change in Accounts Receivable	406	242	-	-	-	-
Change in Inventory	97	145	-	-	-	-
Change in Accounts Payable	-71	-59	-	-	-	-
Change in Unearned Revenue	-264	-247	-	-	-	-
Change in Other Net Operating Assets	-159	-38	-180	-399	76	160
Operating Cash Flow	569	554	352	36	482	532
Operating Cash Flow Growth	14.03%	57.39%	877.78%	-92.53%	-9.40%	80.34%
Capital Expenditures	-87	-83	-98	-80	-68	-60
Sale of Property, Plant & Equipment	4	2	6	2	2	1
Cash Acquisitions	2	-135	-415	117	-15	-48
Sale (Purchase) of Intangibles	-24	-24	-27	-32	-29	-29
Investment in Securities	2	2	2	13	11	-456
Other Investing Activities	-1	-	-	-	-	-
Investing Cash Flow	-104	-238	-532	20	-99	-592
Short-Term Debt Issued	-	-	-	96	-	-
Long-Term Debt Issued	-	375	725	400	100	329
Total Debt Issued	57	375	725	496	100	329
Short-Term Debt Repaid	-	-42	-58	-	-	-
Long-Term Debt Repaid	-	-342	-84	-626	-145	-127
Total Debt Repaid	-446	-384	-142	-626	-145	-127
Net Debt Issued (Repaid)	-389	-9	583	-130	-45	202
Repurchase of Common Stock	-3	-3	-4	-5	-3	-6
Common Dividends Paid	-247	-248	-239	-179	-134	-120
Other Financing Activities	-8	-8	6	22	27	-48
Financing Cash Flow	-647	-268	346	-292	-155	28
Foreign Exchange Rate Adjustments	-18	3	-10	-4	16	-10
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-1	-
Net Cash Flow	-200	50	155	-240	243	-42
Free Cash Flow	482	471	254	-44	414	472
Free Cash Flow Growth	16.71%	85.43%	-	-	-12.29%	98.32%
Free Cash Flow Margin	9.18%	8.79%	4.59%	-0.87%	10.52%	12.62%
Free Cash Flow Per Share	2.62	2.56	1.38	-0.25	2.77	3.16
Cash Interest Paid	74	74	31	12	8	8
Cash Income Tax Paid	95	134	143	131	91	75
Levered Free Cash Flow	550.12	470.37	85.66	-199.17	415.11	355.59
Unlevered Free Cash Flow	603.24	525.99	109.41	-192.92	415.73	362.47
Change in Working Capital	9	43	-180	-399	76	160

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