FRA:BHA Cash Flow Statement

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

Millions USD. 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	193.12	140.19	74.22	80.64	70.46
Depreciation & Amortization	93.4	97.92	110.68	106.14	108.83
Other Amortization	-	-	-	-	2.36
Asset Writedown & Restructuring Costs	50.67	41.38	48.4	17.48	10.58
Stock-Based Compensation	30.61	33.62	28.83	28.11	23.06
Other Operating Activities	-2.28	-9.93	-11.72	-3.73	4.91
Change in Accounts Receivable	-	-0.99	-64.5	-4.88	-34.62
Change in Accounts Payable	-	30.64	26	19.96	6.24
Change in Unearned Revenue	-	40.18	48.36	-37.9	60.2
Change in Income Taxes	-	-7.3	3.48	-8.44	-6.78
Change in Other Net Operating Assets	-14.8	-28.25	-7.62	-8.91	-17.99
Operating Cash Flow	350.73	337.46	256.14	188.47	227.25
Operating Cash Flow Growth	3.93%	31.75%	35.90%	-17.07%	8.44%
Capital Expenditures	-91.32	-97.31	-91.02	-70.56	-63.49
Sale of Property, Plant & Equipment	-	2.04	0.23	10.55	5.83
Cash Acquisitions	-6.78	-8.27	-39.63	-210.41	-53.9
Investment in Securities	-5.7	-14.22	3.49	-1.71	-5.83
Other Investing Activities	-	-	-	-5.92	-
Investing Cash Flow	-103.79	-117.76	-126.94	-278.05	-117.39
Short-Term Debt Issued	499.45	156.5	402.5	295	-
Long-Term Debt Issued	-	-	-	-	1,000
Total Debt Issued	499.45	156.5	402.5	295	1,000
Short-Term Debt Repaid	-	-156.5	-486.5	-211	-
Long-Term Debt Repaid	-501	-17	-16	-16	-1,035
Total Debt Repaid	-501	-173.5	-502.5	-227	-1,035
Net Debt Issued (Repaid)	-1.55	-17	-100	68	-34.69
Issuance of Common Stock	12.06	27.01	11.18	13.24	37.5
Repurchase of Common Stock	-240.89	-89.95	-2.59	-188.71	-222.49
Other Financing Activities	-3.05	-103.87	-0.23	-13.87	-10.35
Financing Cash Flow	-233.43	-183.81	-91.63	-121.34	-230.03
Foreign Exchange Rate Adjustments	5.94	-1.62	-0.01	-2.47	-3.02
Net Cash Flow	19.44	34.26	37.56	-213.39	-123.18
Free Cash Flow	259.41	240.15	165.12	117.92	163.76
Free Cash Flow Growth	8.02%	45.44%	40.03%	-28.00%	31.19%
Free Cash Flow Margin	8.84%	8.94%	6.83%	5.84%	9.33%
Free Cash Flow Per Share	4.52	4.11	2.85	2.02	2.69
Cash Interest Paid	-	73.9	74	40.87	32.24
Cash Income Tax Paid	-	75.65	58.74	50.2	31.66
Levered Free Cash Flow	211.49	134.17	137.58	155.65	152.93
Unlevered Free Cash Flow	239.47	164.65	169.84	180.32	173.13
Change in Working Capital	-14.8	34.29	5.72	-40.18	7.05

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