FRA:HEE 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	30.9	17.34	13	8.21	8.21	3.87
Depreciation & Amortization	-0.56	1.44	1.28	1.22	2.32	2.17
Other Amortization	5.04	2.77	2.54	2.54	2.18	2.04
Asset Writedown & Restructuring Costs	-0.33	-0.33	-0.17	-0.07	-0.47	-0.68
Loss (Gain) on Equity Investments	-0.71	-0.61	-0.43	-0.7	-0.24	-0.01
Other Operating Activities	1.72	-0.93	1.72	-1.27	0.71	-3.02
Change in Accounts Receivable	-2.51	-0.98	-5.03	-0.05	1.2	-0.44
Change in Other Net Operating Assets	14.91	2.35	5.32	-1.24	1.34	3.34
Operating Cash Flow	48.47	21.05	18.24	8.64	15.24	7.26
Operating Cash Flow Growth	113.78%	15.42%	111.01%	-43.28%	109.83%	-40.65%
Capital Expenditures	-0.44	-1.65	-1.92	-0.74	-2.47	-0.77
Sale (Purchase) of Intangibles	-4.12	-4.12	-2.56	-3.32	-	-2.35
Investment in Securities	0.64	2.45	-3.09	-	0.34	-
Other Investing Activities	2.21	2.08	1.21	0.76	0.09	0.12
Investing Cash Flow	-1.7	-1.23	-6.36	-3.3	-2.03	-3
Long-Term Debt Repaid	-	-0.14	-0.11	-0.07	-0.04	-0.04
Net Debt Issued (Repaid)	-0.14	-0.14	-0.11	-0.07	-0.04	-0.04
Repurchase of Common Stock	-	-	-	-7.48	-5.08	-5.43
Common Dividends Paid	-17.5	-14.48	-9.05	-9.05	-4.22	-4.22
Financing Cash Flow	-17.64	-14.63	-9.16	-16.6	-9.35	-9.69
Net Cash Flow	29.13	5.19	2.72	-11.25	3.86	-5.43
Free Cash Flow	48.03	19.4	16.32	7.9	12.77	6.5
Free Cash Flow Growth	153.74%	18.89%	106.54%	-38.15%	96.58%	-28.67%
Free Cash Flow Margin	63.11%	37.28%	36.13%	21.67%	36.72%	22.02%
Free Cash Flow Per Share	0.83	0.34	0.28	0.13	0.21	0.11
Cash Interest Paid	0.03	0.04	0.04	0.05	0.11	0.13
Cash Income Tax Paid	5.5	4.07	1.37	2.56	0.26	3.97
Levered Free Cash Flow	33.94	8.84	11.46	4.03	9.71	3.59
Unlevered Free Cash Flow	33.97	8.87	11.49	4.07	9.78	3.67
Change in Working Capital	12.4	1.37	0.29	-1.29	2.53	2.9

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