Galp Energia, SGPS 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	975	1,040	1,242	1,475	4	-551
Depreciation & Amortization	876	946	962	1,331	961	1,289
Loss (Gain) From Sale of Assets	-169	-192	-	-	67	106
Asset Writedown & Restructuring Costs	-	-	25	49	-	-
Loss (Gain) on Equity Investments	3	45	-49	-152	-83	-220
Other Operating Activities	-32	132	269	123	1,366	152
Change in Accounts Receivable	488	158	68	-221	-602	229
Change in Inventory	-95	391	-50	-473	-329	351
Change in Accounts Payable	-117	-324	264	225	111	-182
Change in Other Net Operating Assets	122	331	-103	714	-443	-286
Operating Cash Flow	2,051	2,527	2,628	3,071	1,052	888
Operating Cash Flow Growth	-8.88%	-3.84%	-14.42%	191.92%	18.47%	-53.02%
Capital Expenditures	-1,295	-1,377	-1,056	-1,078	-779	-646
Sale of Property, Plant & Equipment	530	-	-	-	-	-
Cash Acquisitions	-35	-30	-	-	-	-
Divestitures	409	409	-	-	-	-
Investment in Securities	-29	-26	77	-48	423	-175
Other Investing Activities	-56	-25	-38	-140	-104	147
Investing Cash Flow	-476	-1,049	-1,017	-1,266	-460	-674
Long-Term Debt Issued	-	2,302	1,904	4,297	6,869	2,592
Long-Term Debt Repaid	-	-2,485	-2,566	-4,615	-6,580	-1,802
Net Debt Issued (Repaid)	-72	-183	-662	-318	289	790
Repurchase of Common Stock	-201	-351	-500	-150	-	-
Common Dividends Paid	-480	-419	-422	-420	-498	-318
Other Financing Activities	-369	-397	-328	-369	-321	-282
Financing Cash Flow	-1,122	-1,350	-1,912	-1,257	-530	190
Foreign Exchange Rate Adjustments	-35	81	-48	62	75	-160
Miscellaneous Cash Flow Adjustments	-1	-1	-1	-1	-	-
Net Cash Flow	417	208	-350	609	137	244
Free Cash Flow	756	1,150	1,572	1,993	273	242
Free Cash Flow Growth	-23.56%	-26.85%	-21.12%	630.04%	12.81%	-68.94%
Free Cash Flow Margin	3.81%	5.40%	7.57%	7.42%	1.69%	2.13%
Free Cash Flow Per Share	1.01	1.51	1.98	2.45	0.33	0.29
Cash Interest Paid	180	233	159	124	137	135
Cash Income Tax Paid	1,011	1,191	1,355	1,087	602	417
Levered Free Cash Flow	1,530	466.88	1,842	2,183	1,072	1.13
Unlevered Free Cash Flow	1,619	595	1,950	2,256	1,141	93
Change in Working Capital	398	556	179	245	-1,263	112

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