FRA:4W8 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	444	658	723	522	204
Depreciation & Amortization	525	537	577	546	472
Other Amortization	6	6	6	9	9
Loss (Gain) From Sale of Assets	-	-75	-	96	-
Asset Writedown & Restructuring Costs	11	20	71	7	17
Stock-Based Compensation	2	62	44	34	-
Other Operating Activities	66	-99	31	94	136
Change in Accounts Receivable	-	-152	-39	-184	-106
Change in Inventory	-	-124	-117	-268	-80
Change in Accounts Payable	-	-25	-140	132	77
Change in Income Taxes	-	1	7	-2	-6
Change in Other Net Operating Assets	-200	31	-19	104	-114
Operating Cash Flow	854	840	1,144	1,090	609
Operating Cash Flow Growth	1.67%	-26.57%	4.95%	78.98%	-26.18%
Capital Expenditures	-935	-1,203	-804	-549	-802
Cash Acquisitions	-29	-	-361	-	-1,704
Divestitures	45	711	-	-	-
Other Investing Activities	3	-2	1	-5	-5
Investing Cash Flow	-745	-342	-1,025	-435	-2,392
Long-Term Debt Issued	3,496	5,334	4,449	3,929	7,450
Long-Term Debt Repaid	-3,185	-5,470	-4,340	-4,459	-5,291
Net Debt Issued (Repaid)	311	-136	109	-530	2,159
Repurchase of Common Stock	-184	-225	-76	-46	-15
Common Dividends Paid	-128	-122	-123	-92	-92
Other Financing Activities	-17	-6	-16	2	-274
Financing Cash Flow	-18	-489	-106	-666	1,778
Foreign Exchange Rate Adjustments	13	-15	-1	-6	-2
Miscellaneous Cash Flow Adjustments	-	1	-	-5	-
Net Cash Flow	104	-5	12	-22	-7
Free Cash Flow	-81	-363	340	541	-193
Free Cash Flow Growth	-	-	-37.15%	-	-
Free Cash Flow Margin	-0.94%	-4.12%	3.61%	5.73%	-2.70%
Free Cash Flow Per Share	-0.27	-1.19	1.10	1.75	-0.65
Cash Interest Paid	-	215	221	176	116
Cash Income Tax Paid	-	281	157	43	25
Levered Free Cash Flow	-143.63	68.5	303.75	466.63	-98.63
Unlevered Free Cash Flow	-12.13	206.25	447.13	580.75	-30.75
Change in Working Capital	-200	-269	-308	-218	-229

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