Covivio Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	68.1	-1,419	620.69	923.6
Depreciation & Amortization	112.9	73.6	58.93	75.17
Other Amortization	2.5	1.8	13.76	17.74
Gain (Loss) on Sale of Assets	-8.7	40.4	-24.08	-12.13
Asset Writedown	425.7	2,645	-600.81	-977.89
Stock-Based Compensation	6.9	7.8	-	8.33
Income (Loss) on Equity Investments	22.9	34.4	-51	-27.37
Change in Accounts Receivable	1.9	60.9	49.18	-1.82
Change in Accounts Payable	88.5	93.9	-128.78	13.46
Change in Other Net Operating Assets	-	0.1	-	-
Other Operating Activities	237.9	-552.6	763.51	647.82
Operating Cash Flow	980.5	1,025	698.06	688.66
Operating Cash Flow Growth	-4.36%	46.86%	1.37%	37.54%
Acquisition of Real Estate Assets	-595.8	-484.5	-567.83	-697.51
Sale of Real Estate Assets	518.8	627.2	687.34	762.17
Net Sale / Acq. of Real Estate Assets	-77	142.7	119.51	64.66
Cash Acquisition	-75.9	0.7	-	-73.99
Investment in Marketable & Equity Securities	2.2	-0.2	-0.01	-1.07
Other Investing Activities	10.7	18.5	7.56	33.17
Investing Cash Flow	-137.1	171	323.25	27.66
Long-Term Debt Issued	1,410	1,416	1,442	1,259
Long-Term Debt Repaid	-1,735	-1,692	-2,357	-1,651
Net Debt Issued (Repaid)	-324.5	-275.5	-914.55	-391.96
Issuance of Common Stock	0.1	-	-	208.89
Repurchase of Common Stock	-9.6	-1.2	-38.45	-8.52
Common Dividends Paid	-76.4	-73	-353.34	-339.57
Other Financing Activities	-328.4	-373.2	-349.49	-356.83
Foreign Exchange Rate Adjustments	0.1	0.9	-0.92	-0.01
Miscellaneous Cash Flow Adjustments	-0.1	-	-0	-0
Net Cash Flow	104.6	474.2	-635.43	-171.68
Cash Income Tax Paid	38.9	14.1	19.63	58.37
Levered Free Cash Flow	95.64	69.65	164.4	-705
Unlevered Free Cash Flow	357.01	292.47	250.31	-620.34
Change in Working Capital	112.3	193.6	-82.94	33.4

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