FRA:CK0 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	1,942	1,418	1,669	1,508	982
Depreciation & Amortization	923	797	687	772	722
Other Amortization	-	107	94	-	-
Loss (Gain) From Sale of Assets	-104	-	-89	-	-
Asset Writedown & Restructuring Costs	-	218	11	44	60
Stock-Based Compensation	47	45	57	33	16
Other Operating Activities	317	144	145	148	223
Change in Accounts Receivable	-227	37	-5	-282	-242
Change in Inventory	-16	-37	6	-244	-1
Change in Accounts Payable	559	158	124	885	507
Change in Other Net Operating Assets	-488	174	107	68	-150
Operating Cash Flow	2,953	3,061	2,806	2,932	2,117
Operating Cash Flow Growth	-3.53%	9.09%	-4.30%	38.50%	42.08%
Capital Expenditures	-750	-791	-672	-500	-349
Sale of Property, Plant & Equipment	168	15	101	11	25
Cash Acquisitions	-	-1,524	-	-	-5,401
Sale (Purchase) of Intangibles	-198	-148	-68	40	-97
Investment in Securities	86	414	-347	-196	219
Other Investing Activities	62	77	49	-	-2
Investing Cash Flow	-632	-1,957	-937	-645	-5,605
Short-Term Debt Issued	-	-	-	-	276
Long-Term Debt Issued	1,327	1,008	694	-	4,877
Total Debt Issued	1,327	1,008	694	-	5,153
Short-Term Debt Repaid	-	-	-	-285	-
Long-Term Debt Repaid	-1,986	-1,364	-1,307	-1,091	-1,089
Total Debt Repaid	-1,986	-1,364	-1,307	-1,376	-1,089
Net Debt Issued (Repaid)	-659	-356	-613	-1,376	4,064
Issuance of Common Stock	1	31	43	13	28
Repurchase of Common Stock	-1,046	-	-	-	-
Common Dividends Paid	-927	-910	-841	-763	-638
Other Financing Activities	-259	262	-411	-150	-165
Financing Cash Flow	-2,890	-973	-1,822	-2,276	3,289
Foreign Exchange Rate Adjustments	-76	13	-15	-31	83
Net Cash Flow	-645	144	32	-20	-116
Free Cash Flow	2,203	2,270	2,134	2,432	1,768
Free Cash Flow Growth	-2.95%	6.37%	-12.25%	37.56%	54.82%
Free Cash Flow Margin	10.54%	11.11%	11.66%	14.04%	12.85%
Free Cash Flow Per Share	4.83	4.92	4.65	5.31	3.87
Cash Interest Paid	236	249	182	130	97
Cash Income Tax Paid	513	561	509	415	306
Levered Free Cash Flow	1,669	1,884	1,685	2,301	969.88
Unlevered Free Cash Flow	1,860	2,048	1,797	2,411	1,072
Change in Working Capital	-172	332	232	427	114

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