FRA:4U9 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
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	-7.49	-3.18	7.71	22.02	22.49	19.08
Depreciation & Amortization	44.72	43.71	38.94	33.19	31.23	25.51
Gain (Loss) on Sale of Assets	-	-	-	-	-0.24	0.31
Asset Writedown	0.23	0.12	1.6	-	-	-
Stock-Based Compensation	14.89	9.99	19.97	9.42	7.16	4.74
Change in Accounts Payable	-0.22	2.27	0.86	1.42	-0.44	1.02
Change in Other Net Operating Assets	-0.76	-3.08	-4.24	-2.36	-0.46	0.85
Other Operating Activities	-3.45	-1.94	-3.45	-3.4	-3.4	-3.13
Operating Cash Flow	56.59	58.88	61.38	60.28	56.35	48.37
Operating Cash Flow Growth	-1.59%	-4.08%	1.83%	6.98%	16.49%	49.46%
Acquisition of Real Estate Assets	-63.44	-97.01	-117.88	-107.07	-95.32	-133.81
Sale of Real Estate Assets	2.6	2.3	-	-	1.26	0.25
Net Sale / Acq. of Real Estate Assets	-60.84	-94.71	-117.88	-107.07	-94.06	-133.57
Other Investing Activities	7.65	2.05	4.2	-6.71	-10.37	8.5
Investing Cash Flow	-53.19	-92.66	-113.68	-113.77	-104.43	-125.06
Long-Term Debt Issued	-	162	50	150	125	18
Long-Term Debt Repaid	-	-79.82	-0.13	-62.13	-71.1	-0.11
Net Debt Issued (Repaid)	56	82.18	49.87	87.87	53.9	17.89
Issuance of Common Stock	-	7.49	44.23	20.54	38.43	97.97
Repurchase of Common Stock	-1.79	-0.79	-0.96	-	-	-
Common Dividends Paid	-53.27	-51.7	-48.06	-44.49	-42.41	-38.03
Other Financing Activities	-3.8	-3.66	-0.23	-1.24	-1.86	-0.27
Net Cash Flow	0.55	-0.25	-7.44	9.2	-0.03	0.87
Cash Interest Paid	25.37	23.07	17.11	11.24	9.97	8.13
Cash Income Tax Paid	0.18	0.19	0.08	0.12	0.11	0.08
Levered Free Cash Flow	77.89	73.8	53.52	47.95	39.42	47.4
Unlevered Free Cash Flow	94.41	88.62	64.64	55.37	46.01	52.79
Change in Working Capital	-0.98	-0.81	-3.39	-0.94	-0.89	1.86

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