The Shyft Group 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	2016 - 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	2016 - 2020
Net Income	2,011	1,827	1,332	889.39	530.24	2	Upgrade
Depreciation & Amortization	483.78	501.04	518.97	545.09	526.51	523.25	Upgrade
Change in Trading Asset Securities	-675.61	-831.74	878.92	-1,131	525.27	867.4	Upgrade
Change in Other Net Operating Assets	-4,330	-13,464	-14,240	-8,153	9,500	17,212	Upgrade
Other Operating Activities	910.8	896.5	986.19	1,222	1,257	1,816	Upgrade
Operating Cash Flow	-1,600	-11,071	-10,523	-6,628	12,339	20,421	Upgrade
Operating Cash Flow Growth	-	-	-	-	-39.58%	-	Upgrade
Capital Expenditures	-178.97	-200.9	-236.42	-238.94	-225.63	-361.06	Upgrade
Sale of Property, Plant and Equipment	79.01	119.73	122.65	96.55	444.51	189.96	Upgrade
Investment in Securities	179.76	100.5	27.31	208.55	59.17	46.79	Upgrade
Purchase / Sale of Intangibles	-348.42	-346.19	-296.09	-194.64	-276.14	-288.37	Upgrade
Other Investing Activities	81.16	80.94	219.52	63.68	417.68	683.92	Upgrade
Investing Cash Flow	-187.45	-245.92	-163.02	-64.8	419.59	237.64	Upgrade
Long-Term Debt Issued	-	500	1,000	-	1,750	300	Upgrade
Long-Term Debt Repaid	-	-	-900	-750	-443.5	-424.6	Upgrade
Net Debt Issued (Repaid)	700	500	100	-750	1,307	-124.6	Upgrade
Issuance of Common Stock	21.42	35.42	59.82	101.75	68.31	117.38	Upgrade
Repurchase of Common Stock	-661	-113.79	-276.2	-86.46	-64.38	-145.77	Upgrade
Common Dividends Paid	-1,094	-591.33	-273.75	-280.85	-	-112.54	Upgrade
Other Financing Activities	-207.7	-212.6	-226.88	-221.32	-215.15	-194.95	Upgrade
Financing Cash Flow	-1,241	-382.29	-617	-1,237	1,095	-460.48	Upgrade
Foreign Exchange Rate Adjustments	-114.68	95.93	28.78	-23.21	174.59	-182.85	Upgrade
Net Cash Flow	-3,143	-11,604	-11,275	-7,953	14,028	20,016	Upgrade
Free Cash Flow	-1,779	-11,272	-10,760	-6,867	12,113	20,060	Upgrade
Free Cash Flow Growth	-	-	-	-	-39.62%	-	Upgrade
Free Cash Flow Margin	-29.56%	-197.39%	-215.82%	-158.13%	298.03%	548.15%	Upgrade
Free Cash Flow Per Share	-0.33	-2.10	-1.99	-1.23	2.17	3.59	Upgrade
Cash Income Tax Paid	322.58	376.45	408.86	67.52	-74.3	35.1	Upgrade

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