FRA:ESL 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	2,315	2,359	2,289	2,152	1,448
Depreciation & Amortization	3,111	3,049	2,947	2,921	2,386
Loss (Gain) From Sale of Assets	1	6	4	2	2
Asset Writedown & Restructuring Costs	2	49	25	49	94
Stock-Based Compensation	280	162	195	191	160
Other Operating Activities	50	-54	-172	-125	126
Change in Accounts Receivable	-	-133	-159	-105	-
Change in Other Net Operating Assets	-468	-564	-268	-302	329
Operating Cash Flow	5,291	4,874	4,861	4,783	4,545
Operating Cash Flow Growth	8.56%	0.27%	1.63%	5.24%	53.91%
Capital Expenditures	-1,525	-1,522	-1,531	-1,572	-1,030
Sale of Property, Plant & Equipment	12	10	11	17	16
Cash Acquisitions	-911	-1,755	-114	-965	-7,078
Investment in Securities	-141	-367	-94	-184	97
Other Investing Activities	12	12	4	85	-65
Investing Cash Flow	-2,553	-3,622	-1,724	-2,619	-8,060
Long-Term Debt Issued	2,495	2,383	438	-	75
Long-Term Debt Repaid	-2,470	-2,240	-1,964	-1,917	-1,522
Net Debt Issued (Repaid)	25	143	-1,526	-1,917	-1,447
Issuance of Common Stock	36	35	34	37	34
Repurchase of Common Stock	-376	-274	-271	-431	-317
Common Dividends Paid	-547	-1,163	-487	-454	-138
Other Financing Activities	-192	-388	-175	-815	-172
Financing Cash Flow	-1,054	-1,647	-2,425	-3,580	-2,040
Foreign Exchange Rate Adjustments	-391	88	-114	83	166
Miscellaneous Cash Flow Adjustments	-	-	-	-1	-
Net Cash Flow	1,293	-307	598	-1,334	-5,389
Free Cash Flow	3,766	3,352	3,330	3,211	3,515
Free Cash Flow Growth	12.35%	0.66%	3.71%	-8.65%	52.63%
Free Cash Flow Margin	13.22%	12.65%	13.11%	13.11%	17.73%
Free Cash Flow Per Share	8.11	7.29	7.39	7.21	7.89
Cash Income Tax Paid	764	982	916	940	618
Levered Free Cash Flow	3,283	3,238	3,167	2,519	3,791
Unlevered Free Cash Flow	3,433	3,396	3,291	2,617	3,879
Change in Working Capital	-468	-697	-427	-407	329

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