Koninklijke BAM Groep nv Cash Flow Statement

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

Millions EUR. 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	211	82.25	174.99	179.64	18.12
Depreciation & Amortization	157.8	124.66	117.81	109.05	138.22
Other Amortization	-	3.11	3.49	7.55	7.16
Loss (Gain) From Sale of Assets	-2.1	-0.67	-1.53	-54.84	18.65
Asset Writedown & Restructuring Costs	-7.1	6.63	-	6.01	10.29
Loss (Gain) From Sale of Investments	-	-	-1.79	1.88	14.12
Loss (Gain) on Equity Investments	-22.6	82.72	-7.06	-22.51	-25.15
Stock-Based Compensation	2.6	2.71	4.86	3.66	-
Other Operating Activities	14.5	-17.38	-14.42	15.82	41.37
Change in Accounts Receivable	-52.8	26.34	-97	-141.38	-
Change in Inventory	-55.3	15.61	20.27	-51.37	-
Change in Accounts Payable	72.5	-39.03	-22.73	-273.53	-
Change in Other Net Operating Assets	26.2	-30.25	-71.18	24.09	97.47
Operating Cash Flow	344.7	256.69	105.71	-195.91	320.23
Operating Cash Flow Growth	34.29%	142.83%	-	-	-47.87%
Capital Expenditures	-63.5	-73	-80.01	-92.87	-64.9
Sale of Property, Plant & Equipment	12.7	4.9	6.48	16.08	21.34
Cash Acquisitions	-	-	-	-	-5.23
Divestitures	110	-	2.02	-65.6	-94.46
Sale (Purchase) of Intangibles	-37.2	-12.32	-4.31	-1.61	-2.16
Other Investing Activities	-17.9	-46.92	-24.79	-28.99	-36.2
Investing Cash Flow	4.1	-107.59	-91.45	-163.04	-165.57
Long-Term Debt Issued	33.3	12.55	25.15	39.14	34.98
Long-Term Debt Repaid	-115.2	-93.28	-91.83	-118.04	-697.06
Net Debt Issued (Repaid)	-81.9	-80.73	-66.68	-78.89	-662.08
Repurchase of Common Stock	-50	-65.53	-19.84	-14.33	-
Common Dividends Paid	-66	-26.14	-22	-	-
Financing Cash Flow	-197.9	-172.39	-108.51	-93.22	-662.08
Foreign Exchange Rate Adjustments	-30.9	29.38	10.34	-33.65	45.54
Miscellaneous Cash Flow Adjustments	-	-	-	42.36	-42.36
Net Cash Flow	120	6.09	-83.91	-443.46	-504.23
Free Cash Flow	281.2	183.69	25.7	-288.78	255.33
Free Cash Flow Growth	53.09%	614.68%	-	-	-54.06%
Free Cash Flow Margin	3.99%	2.85%	0.41%	-4.36%	3.49%
Free Cash Flow Per Share	1.07	0.68	0.09	-1.05	0.90
Cash Interest Paid	19.8	18.46	15.01	10.91	25.86
Cash Income Tax Paid	37.6	15.47	22.3	15.18	0.38
Levered Free Cash Flow	243.34	91.8	11.48	-310.81	203.58
Unlevered Free Cash Flow	253.09	101.09	18	-306.7	213.65
Change in Working Capital	-9.4	-27.33	-170.64	-442.18	97.47

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