FRA:M4M1 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	1,096	253	-82	177	590	-344
Depreciation & Amortization	1,206	1,234	1,338	1,343	1,113	1,119
Loss (Gain) From Sale of Assets	-818	-23	-5	-125	-682	20
Asset Writedown & Restructuring Costs	12	12	3	7	6	-
Loss (Gain) From Sale of Investments	-5	-5	-	6	-18	34
Loss (Gain) on Equity Investments	-56	-54	-39	-32	-171	-170
Stock-Based Compensation	19	50	52	29	17	24
Other Operating Activities	308	237	74	-108	98	81
Change in Accounts Receivable	-156	-6	-180	-118	-98	-35
Change in Inventory	-7	-	11	5	9	-6
Change in Accounts Payable	115	-92	47	-37	6	40
Operating Cash Flow	1,711	1,603	1,223	1,284	956	821
Operating Cash Flow Growth	10.67%	31.07%	-4.75%	34.31%	16.44%	2.50%
Capital Expenditures	-632	-540	-814	-800	-740	-622
Sale of Property, Plant & Equipment	77	58	17	21	11	9
Cash Acquisitions	-	-	-	-283	-2,000	10
Divestitures	550	5	-	152	30	10
Sale (Purchase) of Intangibles	-184	-229	-369	-272	-135	-202
Investment in Securities	-5	-	-	-	163	197
Other Investing Activities	99	104	54	81	-32	103
Investing Cash Flow	-96	-604	-1,116	-1,104	-2,703	-495
Long-Term Debt Issued	-	604	362	1,570	3,113	1,470
Long-Term Debt Repaid	-	-1,570	-809	-2,284	-1,472	-1,860
Net Debt Issued (Repaid)	-150	-966	-447	-714	1,641	-390
Issuance of Common Stock	-	-	-	717	-	-
Repurchase of Common Stock	-153	-99	-5	-	-50	-10
Common Dividends Paid	-420	-	-	-	-	-
Other Financing Activities	-1	-1	75	-4	186	-198
Financing Cash Flow	-724	-1,066	-377	-1	1,777	-598
Foreign Exchange Rate Adjustments	-22	-8	6	-11	-10	-17
Miscellaneous Cash Flow Adjustments	-8	-	-	-24	-	-
Net Cash Flow	861	-75	-264	144	20	-289
Free Cash Flow	1,079	1,063	409	484	216	199
Free Cash Flow Growth	12.51%	159.90%	-15.50%	124.07%	8.54%	206.15%
Free Cash Flow Margin	19.29%	18.32%	7.22%	8.61%	5.07%	5.23%
Free Cash Flow Per Share	6.36	6.16	2.39	3.46	2.14	1.97
Cash Interest Paid	568	619	620	539	495	562
Cash Income Tax Paid	301	239	233	316	127	142
Levered Free Cash Flow	1,792	1,236	414.38	135	256	268.13
Unlevered Free Cash Flow	2,138	1,593	785.63	483.75	532.25	568.75
Change in Working Capital	-48	-98	-122	-150	-83	-1

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