Icade 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	Jun '25 Jun 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	-187.1	-275.9	-1,250	54.1	400.1	79.5
Depreciation & Amortization	23.7	28.2	22.8	21.8	20.5	30.6
Gain (Loss) on Sale of Assets	-5.4	-2.9	114.2	-21.1	-51.7	-10.6
Asset Writedown	433.9	522.8	1,476	265.5	-141.5	246.6
Income (Loss) on Equity Investments	44	39.3	2.9	-14	12.9	11.5
Change in Other Net Operating Assets	-0.1	-0.1	0.1	-122.8	31.5	184.6
Other Operating Activities	-160.7	-84.7	22.2	197.4	257.3	107.9
Net Cash from Discontinued Operations	-	-	-79.3	-139.2	-	-
Operating Cash Flow	328.4	366.4	237.5	241.7	529.1	650.1
Operating Cash Flow Growth	23.78%	54.27%	-1.74%	-54.32%	-18.61%	76.18%
Acquisition of Real Estate Assets	-225.7	-200.2	-304.6	-547.1	-1,027	-530.6
Sale of Real Estate Assets	139.9	95.8	148.3	653.1	380.3	24.6
Net Sale / Acq. of Real Estate Assets	-85.8	-104.4	-156.3	106	-646.4	-506
Cash Acquisition	-7.9	-14.9	-280.1	-33.2	-232.7	-32.3
Investment in Marketable & Equity Securities	65.4	72.4	26.8	10.8	5.6	4.1
Other Investing Activities	-3.3	-1.9	17.2	-10.7	-36.1	-20.4
Investing Cash Flow	-29.6	-46.4	1,010	91.5	-846	-551.3
Long-Term Debt Issued	-	391.5	253.1	1,772	1,516	1,394
Long-Term Debt Repaid	-	-658.7	-843.6	-1,436	-1,569	-612.3
Net Debt Issued (Repaid)	88.3	-267.2	-590.5	336.1	-53.7	781.3
Repurchase of Common Stock	-0.1	-1.4	-	-0.1	-	-0.5
Common Dividends Paid	-347	-366.7	-328.1	-317.8	-196.1	-296.5
Other Financing Activities	-17.8	40	41	1.5	23.2	-159.5
Miscellaneous Cash Flow Adjustments	0.1	-	70.7	-	-	0.1
Net Cash Flow	22.3	-275.3	440.9	352.9	-543.5	423.7
Cash Interest Paid	753.8	758	1,062	99.7	103	106.5
Cash Income Tax Paid	-	-35	129	19.3	7.5	9.6
Levered Free Cash Flow	1,342	-8.39	-954.21	50.56	116.51	109.53
Unlevered Free Cash Flow	1,388	37.36	-900.21	99.88	184.26	182.59
Change in Working Capital	180	139.6	-70.9	-122.8	31.5	184.6

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