Ceragon Networks 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	1.39	24.06	6.22	-19.69	-14.83	-17.09
Depreciation & Amortization	13.65	12.11	9.97	11.04	11.85	10.67
Other Amortization	-	-	-	-	0.4	0.39
Loss (Gain) From Sale of Assets	0.06	0.21	0.06	0.02	0.08	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	1.8
Stock-Based Compensation	3.98	4.3	3.96	3.56	2.56	1.66
Change in Accounts Receivable	11.86	-46.22	-2.37	18.43	-11.15	9.35
Change in Inventory	1.09	7.61	6.3	-11.16	-11.91	9.92
Change in Accounts Payable	-7.99	23.03	-1.85	-2.02	5.88	1.95
Change in Unearned Revenue	-1.14	-3.6	-9.56	2.23	1.67	2.99
Change in Other Net Operating Assets	-1.25	4.71	18.15	-7.31	-7.86	-4.22
Operating Cash Flow	21.66	26.2	30.89	-4.9	-15.02	17.25
Operating Cash Flow Growth	-39.88%	-15.18%	-	-	-	-
Capital Expenditures	-14.3	-14.58	-9.96	-10.46	-9.38	-6.08
Sale of Property, Plant & Equipment	-	-	-	-	0.2	-
Cash Acquisitions	-6.57	-	-7.97	-	-	-
Sale (Purchase) of Intangibles	-3.32	-1.88	-2.94	-1.96	-0.21	-0.41
Investing Cash Flow	-24.19	-16.46	-20.87	-12.42	-9.4	-6.49
Short-Term Debt Issued	-	-	-	22.7	9.8	-
Total Debt Issued	5.8	-	-	22.7	9.8	-
Short-Term Debt Repaid	-	-7.4	-4.9	-	-	-8.62
Total Debt Repaid	-	-7.4	-4.9	-	-	-8.62
Net Debt Issued (Repaid)	5.8	-7.4	-4.9	22.7	9.8	-8.62
Issuance of Common Stock	5.73	5.88	0.04	0.41	4.73	1.24
Financing Cash Flow	11.53	-1.52	-4.86	23.11	14.53	-7.38
Foreign Exchange Rate Adjustments	-0.02	-1.14	0.13	0.08	-0.14	-0.21
Net Cash Flow	8.97	7.07	5.29	5.87	-10.02	3.16
Free Cash Flow	7.36	11.62	20.93	-15.36	-24.4	11.17
Free Cash Flow Growth	-67.48%	-44.50%	-	-	-	-
Free Cash Flow Margin	2.02%	2.95%	6.03%	-5.20%	-8.39%	4.25%
Free Cash Flow Per Share	0.08	0.13	0.24	-0.18	-0.29	0.14
Cash Interest Paid	4.68	4.68	6.04	3.46	1.28	1.14
Cash Income Tax Paid	1.13	1.13	2.84	1.87	2	3
Levered Free Cash Flow	10.73	17.56	18.41	-8.36	-0.31	27.38
Unlevered Free Cash Flow	11.08	17.56	18.41	-8.36	-0.31	27.38
Change in Working Capital	2.58	-14.48	10.68	0.17	-15.08	19.81

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