FRA:4BB 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	489	726	852	913	950
Depreciation & Amortization	606	601	615	638	674
Other Amortization	-	46	39	33	38
Loss (Gain) From Sale of Assets	-41	-43	-39	-64	-34
Loss (Gain) on Equity Investments	-38	-31	-28	-23	-32
Stock-Based Compensation	58	70	61	52	45
Provision & Write-off of Bad Debts	29	35	11	17	13
Other Operating Activities	90	63	163	-33	108
Change in Accounts Receivable	-29	76	-76	-44	-55
Change in Inventory	26	25	23	-75	-53
Change in Accounts Payable	-216	-335	237	191	283
Change in Other Net Operating Assets	-23	-99	-47	-28	-34
Operating Cash Flow	951	1,134	1,811	1,577	1,903
Operating Cash Flow Growth	-16.14%	-37.38%	14.84%	-17.13%	46.27%
Capital Expenditures	-307	-379	-498	-494	-606
Sale of Property, Plant & Equipment	12	11	21	68	35
Cash Acquisitions	-8	-24	-8	-8	-123
Investment in Securities	-21	-17	38	-6	-37
Investing Cash Flow	-324	-409	-447	-440	-731
Long-Term Debt Issued	120	47	84	19	-
Total Debt Issued	120	47	84	19	-
Long-Term Debt Repaid	-80	-192	-56	-67	-70
Net Debt Issued (Repaid)	40	-145	28	-48	-70
Repurchase of Common Stock	-	-	-85	-15	-
Common Dividends Paid	-748	-698	-500	-399	-374
Other Financing Activities	-30	-60	-64	-38	-20
Financing Cash Flow	-738	-903	-621	-500	-464
Foreign Exchange Rate Adjustments	72	-96	-60	-186	35
Net Cash Flow	-39	-274	683	451	743
Free Cash Flow	644	755	1,313	1,083	1,297
Free Cash Flow Growth	-14.70%	-42.50%	21.24%	-16.50%	63.56%
Free Cash Flow Margin	11.17%	12.09%	19.15%	16.72%	19.11%
Free Cash Flow Per Share	0.05	0.06	0.10	0.08	0.10
Cash Interest Paid	18	23	28	19	13
Cash Income Tax Paid	433	368	443	419	395
Levered Free Cash Flow	723.63	557.25	1,202	694.5	1,009
Unlevered Free Cash Flow	748.63	574.13	1,222	710.13	1,021
Change in Working Capital	-242	-333	137	44	141

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