FRA:BMW3 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	7,294	7,290	11,290	17,941	12,382
Depreciation & Amortization	6,736	6,561	6,587	6,301	4,560
Other Amortization	1,956	2,089	2,387	2,265	1,935
Loss (Gain) on Equity Investments	-38	14	159	100	-1,520
Other Operating Activities	-7,300	-8,938	-3,517	-3,295	-1,326
Change in Accounts Receivable	-221	1,379	-187	-939	119
Change in Inventory	1,587	-128	-4,135	-115	-563
Change in Accounts Payable	-486	-1,647	1,607	531	1,799
Change in Other Net Operating Assets	-1,300	946	3,351	-1,154	-2,437
Operating Cash Flow	8,228	7,566	17,542	23,523	15,914
Operating Cash Flow Growth	8.75%	-56.87%	-25.43%	47.81%	20.10%
Capital Expenditures	-10,963	-12,205	-10,881	-9,050	-6,619
Sale of Property, Plant & Equipment	161	213	116	103	40
Cash Acquisitions	-	-	-	3,587	-
Investment in Securities	850	623	1,217	486	136
Other Investing Activities	-	-	-	102	43
Investing Cash Flow	-9,952	-11,369	-9,548	-4,772	-6,400
Long-Term Debt Issued	26,983	33,962	23,914	16,050	21,090
Total Debt Issued	26,983	33,962	23,914	16,050	21,090
Long-Term Debt Repaid	-20,992	-22,182	-22,430	-27,337	-26,434
Total Debt Repaid	-20,992	-22,182	-22,430	-27,337	-26,434
Net Debt Issued (Repaid)	5,991	11,780	1,484	-11,287	-5,344
Issuance of Common Stock	40	-	-	85	103
Repurchase of Common Stock	-1,254	-1,024	-1,242	-1,278	-
Common Dividends Paid	-2,649	-3,781	-5,430	-3,827	-1,253
Other Financing Activities	-755	-1,209	-1,671	-1,677	-241
Financing Cash Flow	1,373	5,766	-6,859	-17,984	-6,735
Foreign Exchange Rate Adjustments	-82	-3	-705	104	-307
Miscellaneous Cash Flow Adjustments	-	-	27	-10	-
Net Cash Flow	-433	1,960	457	861	2,472
Free Cash Flow	-2,735	-4,639	6,661	14,473	9,295
Free Cash Flow Growth	-	-	-53.98%	55.71%	30.90%
Free Cash Flow Margin	-2.05%	-3.26%	4.28%	10.15%	8.36%
Free Cash Flow Per Share	-4.46	-7.39	10.43	22.03	14.09
Cash Interest Paid	245	196	186	222	217
Cash Income Tax Paid	2,045	3,794	5,049	4,512	3,217
Levered Free Cash Flow	2,597	3,524	8,149	12,898	7,198
Unlevered Free Cash Flow	2,912	3,862	8,546	12,898	7,285
Change in Working Capital	-420	550	636	-1,677	-1,082

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