FRA:AP0 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	265.23	259.75	222.29	206.76	336.52	212.62
Depreciation & Amortization	9.68	9.86	9.35	7.8	6.93	6.63
Other Amortization	0.39	0.39	0.44	0.44	0.42	0.42
Loss (Gain) From Sale of Assets	0.02	0.05	0	0.05	0	0.01
Asset Writedown & Restructuring Costs	-	0.98	-	1.41	-	0.87
Loss (Gain) From Sale of Investments	-75.97	-73.43	-81.87	23.6	-22.06	-26.31
Stock-Based Compensation	30	32.48	33.7	41.53	39.65	37.03
Other Operating Activities	-73.69	37.33	6.59	-51.37	88.32	73.34
Change in Accounts Receivable	-8.63	-16.9	0.13	16.62	-15.96	-18.02
Change in Accounts Payable	63.59	42.67	27.39	16.46	-1.3	1.62
Change in Other Net Operating Assets	75.8	79.66	35.01	49.32	-33.97	30.48
Operating Cash Flow	286.41	372.84	253.03	312.61	398.55	318.68
Operating Cash Flow Growth	-12.12%	47.35%	-19.06%	-21.56%	25.06%	8.84%
Capital Expenditures	-0.82	-4.75	-8.63	-19.56	-5.97	-3.1
Investment in Securities	4.67	-20.12	-29.54	-44.17	-21.01	21.85
Investing Cash Flow	3.85	-24.87	-38.17	-63.73	-26.97	18.75
Short-Term Debt Issued	-	-	-	90	-	-
Total Debt Issued	50	-	-	90	-	-
Short-Term Debt Repaid	-	-	-	-90	-	-
Total Debt Repaid	-60	-	-	-90	-	-
Issuance of Common Stock	-	-	-	-	46.93	63.03
Repurchase of Common Stock	-8.96	-6.83	-6.76	-7.87	-56.17	-67.56
Common Dividends Paid	-228.62	-197.96	-159.14	-199.77	-254.45	-202.9
Dividends Paid	-228.62	-197.96	-159.14	-199.77	-254.45	-202.9
Other Financing Activities	80.56	-25.56	15.05	-50.01	-51.62	-74.8
Financing Cash Flow	-190.89	-254.22	-174.96	-306.4	-335.43	-282.23
Miscellaneous Cash Flow Adjustments	-36.99	-4	-4.68	-	-34.82	-
Net Cash Flow	62.38	89.75	35.22	-57.52	1.32	55.2
Free Cash Flow	285.59	368.09	244.4	293.05	392.58	315.58
Free Cash Flow Growth	-10.54%	50.61%	-16.60%	-25.35%	24.40%	14.75%
Free Cash Flow Margin	24.66%	33.11%	25.06%	29.50%	31.99%	35.08%
Free Cash Flow Per Share	4.36	5.67	3.85	4.69	6.56	5.67
Cash Interest Paid	7.68	7.68	7.68	10.3	10.21	10.26
Cash Income Tax Paid	42.72	42.72	30.72	31.57	70.34	35.48
Levered Free Cash Flow	202.3	364.48	211.56	279.89	261.27	314.3
Unlevered Free Cash Flow	207.29	369.47	216.47	285.65	267.6	320.63
Change in Working Capital	130.76	105.43	62.53	82.4	-51.23	14.08

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