FRA:AOR Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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	2015 - 2019
Net Income	88.61	107.51	90.05	48.04	30.41	Upgrade
Depreciation & Amortization	43.64	31.48	24.97	20.36	15.38	Upgrade
Other Amortization	0.02	-	0.02	0.02	-	Upgrade
Asset Writedown	-	-	-	-	0.02	Upgrade
Change in Accounts Receivable	-11.53	-17.58	-14.44	-11.45	-3.78	Upgrade
Change in Accounts Payable	-9.04	-40.5	2.93	25.76	13.01	Upgrade
Other Operating Activities	3.62	17.17	15.13	11.28	-7.49	Upgrade
Operating Cash Flow	115.32	98.08	118.65	94.02	47.55	Upgrade
Operating Cash Flow Growth	17.57%	-17.34%	26.21%	97.71%	226.26%	Upgrade
Capital Expenditures	-187.39	-328.61	-331.47	-195.26	-134.35	Upgrade
Investing Cash Flow	-187.39	-328.61	-331.47	-195.26	-134.35	Upgrade
Long-Term Debt Issued	155.26	216.76	259.91	192.36	74.42	Upgrade
Long-Term Debt Repaid	-106.14	-59.6	-49.28	-19.57	-24.5	Upgrade
Net Debt Issued (Repaid)	49.12	157.16	210.62	172.79	49.93	Upgrade
Financing Cash Flow	49.12	157.16	210.62	172.79	49.93	Upgrade
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-	Upgrade
Net Cash Flow	-22.95	-73.36	-2.19	71.54	-36.87	Upgrade
Free Cash Flow	-72.07	-230.53	-212.82	-101.24	-86.8	Upgrade
Free Cash Flow Margin	-34.24%	-100.23%	-127.17%	-91.60%	-134.56%	Upgrade
Free Cash Flow Per Share	-0.58	-1.84	-1.70	-0.81	-0.69	Upgrade
Cash Interest Paid	37.06	33.96	14.19	12.42	9.28	Upgrade
Cash Income Tax Paid	-0.62	9.76	2.74	1.26	0.43	Upgrade
Levered Free Cash Flow	-20.31	-280.02	-259.54	-128.98	-97.23	Upgrade
Unlevered Free Cash Flow	3.5	-258.66	-246.18	-117.65	-89.12	Upgrade
Change in Working Capital	-20.57	-58.08	-11.51	14.31	9.23	Upgrade

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