Evolution AB Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,132	1,244	1,071	843.36	605.44	284.62
Depreciation & Amortization	84.09	71.29	67.32	57.45	49.03	21.43
Other Amortization	69.74	69.74	57.36	42.93	31.61	11.08
Other Operating Activities	32.94	-25.16	37.5	11.85	8.1	33.81
Change in Accounts Receivable	-45.32	-60.34	-72.37	-72.08	-70.44	-32.35
Change in Accounts Payable	-1.33	2.48	3.04	1.2	-7.11	-0.25
Change in Other Net Operating Assets	15.54	-1.02	4.73	-7.25	-17.73	-2.3
Operating Cash Flow	1,288	1,301	1,168	877.47	598.9	316.05
Operating Cash Flow Growth	0.17%	11.34%	33.16%	46.51%	89.49%	79.79%
Capital Expenditures	-60.75	-65.32	-42.22	-60.66	-33.31	-23.25
Cash Acquisitions	-14.45	-7.58	-47.54	-273.14	-92.23	46.09
Sale (Purchase) of Intangibles	-71.09	-71.4	-51.97	-36.28	-28.29	-13.64
Investment in Securities	-0.08	-103.68	2.37	-	-	-
Other Investing Activities	-	-	-	-1.52	-1.13	-2.38
Investing Cash Flow	-146.36	-247.97	-139.36	-371.6	-154.95	6.82
Long-Term Debt Repaid	-	-18.27	-18.91	-14.15	-12.83	-195.41
Net Debt Issued (Repaid)	-20.68	-18.27	-18.91	-14.15	-12.83	-195.41
Issuance of Common Stock	3.47	77.01	35.75	-	23.19	-
Repurchase of Common Stock	-556.81	-677.99	-115.76	-75.59	-123.32	-9.85
Common Dividends Paid	-572.49	-559.27	-427.4	-302.75	-144.38	-76.14
Other Financing Activities	-0.02	-59.56	-48.19	-1.71	8.83	1.49
Financing Cash Flow	-1,147	-1,238	-574.5	-394.2	-248.52	-279.91
Foreign Exchange Rate Adjustments	-2.54	0.76	-1.39	-0.55	4.33	-3.81
Net Cash Flow	-7.35	-184.28	453.2	111.12	199.76	39.16
Free Cash Flow	1,227	1,236	1,126	816.8	565.59	292.8
Free Cash Flow Growth	0.28%	9.72%	37.88%	44.42%	93.16%	86.69%
Free Cash Flow Margin	54.86%	55.81%	62.62%	56.07%	52.92%	52.18%
Free Cash Flow Per Share	6.00	5.87	5.19	3.75	2.55	1.55
Cash Interest Paid	0.71	0.37	0.04	1.3	3.37	1.07
Cash Income Tax Paid	71.42	74.42	49.77	47.1	26.79	6.52
Levered Free Cash Flow	1,075	959.06	717.78	435.34	315.33	280.02
Unlevered Free Cash Flow	1,086	963.04	720.91	438.22	317.08	280.69
Change in Working Capital	-31.11	-58.88	-64.6	-78.13	-95.28	-34.89

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