Evolution AB 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	1,062	1,244	1,071	843.36	605.44
Depreciation & Amortization	160.03	71.29	67.32	57.45	49.03
Other Amortization	-	69.74	57.36	42.93	31.61
Other Operating Activities	66.8	-25.16	37.5	11.85	8.1
Change in Accounts Receivable	-39.25	-60.34	-72.37	-72.08	-70.44
Change in Accounts Payable	-4.61	2.48	3.04	1.2	-7.11
Change in Other Net Operating Assets	10.14	-1.02	4.73	-7.25	-17.73
Operating Cash Flow	1,255	1,301	1,168	877.47	598.9
Operating Cash Flow Growth	-3.52%	11.34%	33.16%	46.51%	89.49%
Capital Expenditures	-64.6	-65.32	-42.22	-60.66	-33.31
Cash Acquisitions	-11.19	-7.58	-47.54	-273.14	-92.23
Sale (Purchase) of Intangibles	-70.23	-71.4	-51.97	-36.28	-28.29
Investment in Securities	0.85	-103.68	2.37	-	-
Other Investing Activities	-	-	-	-1.52	-1.13
Investing Cash Flow	-145.17	-247.97	-139.36	-371.6	-154.95
Long-Term Debt Repaid	-19.45	-18.27	-18.91	-14.15	-12.83
Net Debt Issued (Repaid)	-19.45	-18.27	-18.91	-14.15	-12.83
Issuance of Common Stock	3.39	77.01	35.75	-	23.19
Repurchase of Common Stock	-500.19	-677.99	-115.76	-75.59	-123.32
Common Dividends Paid	-572.49	-559.27	-427.4	-302.75	-144.38
Other Financing Activities	-	-59.56	-48.19	-1.71	8.83
Financing Cash Flow	-1,089	-1,238	-574.5	-394.2	-248.52
Foreign Exchange Rate Adjustments	-4.82	0.76	-1.39	-0.55	4.33
Net Cash Flow	16.48	-184.28	453.2	111.12	199.76
Free Cash Flow	1,191	1,236	1,126	816.8	565.59
Free Cash Flow Growth	-3.65%	9.72%	37.88%	44.42%	93.16%
Free Cash Flow Margin	57.61%	59.89%	62.62%	56.07%	52.92%
Free Cash Flow Per Share	5.87	5.87	5.19	3.75	2.55
Cash Interest Paid	0.47	0.37	0.04	1.3	3.37
Cash Income Tax Paid	74.98	74.42	49.77	47.1	26.79
Levered Free Cash Flow	852.48	864.65	717.78	435.34	315.33
Unlevered Free Cash Flow	859.28	868.63	720.91	438.22	317.08
Change in Working Capital	-33.71	-58.88	-64.6	-78.13	-95.28

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