FRA:EW1 Cash Flow Statement

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

Millions USD. 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	845.5	810.07	752.88	1,357	1,415	696.14
Depreciation & Amortization	57.88	61.09	67.76	57.34	51.31	56.96
Stock-Based Compensation	73.39	64.36	58.4	64.4	69.39	62.5
Provision & Write-off of Bad Debts	4.64	3.45	3.94	11.05	7.54	5.58
Other Operating Activities	-5.73	-6.94	-15.56	-28.78	3.45	14.41
Change in Accounts Receivable	128.52	-531.62	573.72	1,592	-1,870	-647.19
Change in Accounts Payable	-116.79	259.31	-300.35	-798.12	1,042	430.45
Change in Unearned Revenue	-201.03	179.55	-40.08	-798.36	803.84	217.7
Change in Income Taxes	20.64	26.39	-77.3	-55.13	57.87	8.5
Change in Other Net Operating Assets	165.91	-142.31	29.76	727.54	-712.37	-190.08
Operating Cash Flow	972.92	723.36	1,053	2,130	868.49	654.97
Operating Cash Flow Growth	53.94%	-31.32%	-50.55%	145.22%	32.60%	-15.13%
Capital Expenditures	-50.18	-40.47	-39.31	-86.82	-36.25	-47.54
Other Investing Activities	1.11	-0.06	-0.12	-0.89	-0.4	1.52
Investing Cash Flow	-49.07	-40.52	-39.43	-87.71	-36.65	-46.03
Long-Term Debt Issued	-	15	32.2	81.76	10.06	0.26
Long-Term Debt Repaid	-	-35.06	-38.14	-30.29	-2.55	-0.21
Net Debt Issued (Repaid)	-12.24	-20.06	-5.94	51.47	7.51	0.04
Issuance of Common Stock	80.89	69.26	84.89	80.98	106.11	186.35
Repurchase of Common Stock	-883.32	-870.41	-1,412	-1,601	-529.77	-342.95
Common Dividends Paid	-205.59	-204.09	-202.03	-213.8	-195.77	-174.93
Other Financing Activities	-1.84	-	-1.09	-1.95	-1.63	-
Financing Cash Flow	-1,022	-1,025	-1,537	-1,685	-613.55	-331.49
Foreign Exchange Rate Adjustments	-4.75	-22.1	1.56	-51.98	-17.4	19.85
Net Cash Flow	-103.01	-364.56	-521.25	305.44	200.9	297.3
Free Cash Flow	922.74	682.9	1,014	2,043	832.25	607.43
Free Cash Flow Growth	56.17%	-32.65%	-50.37%	145.46%	37.01%	-16.18%
Free Cash Flow Margin	8.26%	6.44%	10.90%	11.97%	5.04%	6.34%
Free Cash Flow Per Share	6.71	4.82	6.75	12.42	4.86	3.55
Cash Income Tax Paid	279.95	257.17	356.38	566.53	442.55	239.85
Levered Free Cash Flow	743.46	501.75	882.11	1,952	632.16	479.32
Unlevered Free Cash Flow	743.46	501.75	882.11	1,952	632.42	479.45
Change in Working Capital	-2.76	-208.68	185.77	668.27	-678.69	-180.62

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