Regional Management 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	44.41	41.23	15.96	51.22	88.69
Depreciation & Amortization	16.25	14.07	14.63	12.69	11.65
Loss (Gain) From Sale of Assets	0.33	0.41	0.87	0.14	0.16
Loss (Gain) From Sale of Investments	-	0.02	-	-	-2.72
Stock-Based Compensation	11.87	11.17	11.76	10.77	7.4
Provision & Write-off of Bad Debts	245.43	212.2	220.03	185.12	89.02
Other Operating Activities	-3.07	-11.38	-14.53	-11.08	-20.08
Change in Accounts Receivable	4.83	0.18	-3.12	3.17	13.29
Change in Accounts Payable	-0.89	-1.39	7.63	-14.64	10.15
Change in Other Net Operating Assets	-10.09	2.42	-4.06	-13.06	-8.55
Operating Cash Flow	309.07	268.93	249.17	224.33	189.02
Operating Cash Flow Growth	14.93%	7.93%	11.07%	18.68%	14.57%
Capital Expenditures	-4.76	-5.05	-4.69	-5.87	-3.59
Sale (Purchase) of Intangibles	-12.31	-12.34	-7.38	-5.53	-3.27
Other Investing Activities	-2.13	1.51	-1.84	-20.84	-
Investing Cash Flow	-471.18	-315.37	-278.72	-447.29	-355.06
Long-Term Debt Issued	2,310	2,202	1,645	2,266	2,476
Long-Term Debt Repaid	-2,138	-2,124	-1,602	-2,020	-2,136
Net Debt Issued (Repaid)	172.19	78.24	43.72	246.19	339.11
Issuance of Common Stock	-	-	0.29	-	-
Repurchase of Common Stock	-28.19	-5.99	-2.92	-23.61	-77.39
Common Dividends Paid	-11.49	-12.14	-11.89	-11.35	-9.54
Other Financing Activities	-8.04	-6.7	-2.77	-5.66	-8.83
Financing Cash Flow	124.47	53.41	26.43	205.57	243.36
Net Cash Flow	-37.64	6.96	-3.13	-17.39	77.31
Free Cash Flow	304.31	263.87	244.47	218.46	185.43
Free Cash Flow Growth	15.32%	7.94%	11.91%	17.81%	15.14%
Free Cash Flow Margin	48.73%	46.33%	45.76%	44.19%	44.36%
Free Cash Flow Per Share	30.48	26.50	25.48	22.62	17.42
Cash Interest Paid	78.4	69.17	60.08	40.48	29.43
Cash Income Tax Paid	6.11	2.73	3.05	26.96	23.08
Levered Free Cash Flow	-143.96	-66.19	-28.58	-213.59	-249.71
Unlevered Free Cash Flow	-90.96	-19.61	13.58	-192.2	-230.11
Change in Working Capital	-6.15	1.21	0.45	-24.53	14.9

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