FRA:8ZU 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	123.74	132.06	74.76	-16.8	32.35	92.72
Depreciation & Amortization	13.81	11.79	9.96	9.09	4.64	3.9
Other Amortization	2.14	3.43	6.08	4.32	4.2	3.56
Asset Writedown & Restructuring Costs	-3.8	-3.15	1.01	-0.91	-5.43	-
Stock-Based Compensation	0.72	-	57.18	91.19	26.78	-
Other Operating Activities	36.9	35.17	19.77	25.09	19.11	-0.48
Change in Other Net Operating Assets	-42.58	-53.68	-43.02	-8.06	-9.62	-21.88
Operating Cash Flow	130.92	125.61	125.75	103.92	72.03	77.82
Operating Cash Flow Growth	15.90%	-0.11%	21.01%	44.27%	-7.44%	36.54%
Capital Expenditures	-9.47	-5.61	-5.22	-15.42	-5.21	-0.09
Sale of Property, Plant & Equipment	-	-	-	-	0.01	-
Investment in Securities	-29.01	-31.27	-12.6	-8.52	-7.53	-16.76
Other Investing Activities	0	0	-	-	0	-
Investing Cash Flow	-38.48	-36.88	-17.82	-23.94	-12.72	-16.84
Long-Term Debt Issued	-	-	-	-	0.54	26.86
Long-Term Debt Repaid	-	-7.09	-6	-3.44	-28.8	-1.8
Net Debt Issued (Repaid)	-4.61	-7.09	-6	-3.44	-28.26	25.06
Issuance of Common Stock	-	-	-	-	404.87	0.03
Repurchase of Common Stock	-1.57	-0.14	-4.28	-1.15	-	-0.03
Common Dividends Paid	-126.9	-130.52	-106.08	-43.63	-54.83	-86.7
Other Financing Activities	10.02	13.29	10.71	-2.43	-2.65	-0.51
Financing Cash Flow	-123.06	-124.46	-105.65	-50.66	319.13	-62.15
Foreign Exchange Rate Adjustments	-0.01	0.64	-0.36	0.15	0.1	-0.42
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-	-
Net Cash Flow	-30.63	-35.09	1.92	29.46	378.54	-1.59
Free Cash Flow	121.45	120	120.53	88.5	66.82	77.74
Free Cash Flow Growth	12.23%	-0.45%	36.20%	32.43%	-14.04%	37.86%
Free Cash Flow Margin	38.00%	37.69%	42.61%	41.32%	37.00%	43.27%
Free Cash Flow Per Share	0.68	0.67	0.68	0.51	0.41	0.49
Cash Income Tax Paid	-	-	-	-	-	-1.46
Levered Free Cash Flow	106.29	112.02	164.52	108.43	94.4	68.24
Unlevered Free Cash Flow	107.7	113.22	166.16	110.37	96.26	68.65
Change in Working Capital	-42.58	-53.68	-43.02	-8.06	-9.62	-21.88

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