FRA:N1V2 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	493.03	514.55	550.7	446.86	236.4	269.71
Depreciation & Amortization	48.59	40.07	35.2	34.74	34.58	21.6
Other Amortization	18.15	18.15	14.04	12.66	11.94	10.11
Change in Trading Asset Securities	20.09	-249.74	733.99	349.14	11.95	-148.17
Change in Other Net Operating Assets	-2,787	-2,573	-801.62	-1,351	-975.56	-218.48
Other Operating Activities	71.01	76.35	20.78	-77.14	36.79	-58.75
Operating Cash Flow	-2,136	-2,174	553.08	-584.79	-643.89	-123.98
Capital Expenditures	-52.81	-43.45	-42.68	-26.91	-23.01	-27.63
Sale of Property, Plant and Equipment	45.24	16.31	11.31	19.68	5.08	5.34
Cash Acquisitions	-	-103.93	-	198.24	-24.44	452.77
Investment in Securities	-712.71	-1,180	-617.18	-219	-235.4	131.94
Divestitures	-	-	12.78	-	-47.83	-
Purchase / Sale of Intangibles	-26.85	-29.12	-19.31	-14.27	-12.7	-15.02
Other Investing Activities	10.7	2.05	16.79	1.08	0.97	39.08
Investing Cash Flow	-736.43	-1,338	-638.29	-41.19	-337.34	586.48
Long-Term Debt Issued	-	795.96	497.71	516.9	-	119.22
Long-Term Debt Repaid	-	-579.21	-7.52	-8.12	-	-45
Net Debt Issued (Repaid)	467.47	216.75	490.18	508.79	-	74.22
Issuance of Common Stock	-	-	-	82	-	-
Common Dividends Paid	-247.26	-228.68	-114.75	-104.59	-100.5	-
Net Increase (Decrease) in Deposit Accounts	2,413	1,379	847.29	476.08	2,107	1,339
Other Financing Activities	-	-	-	-18.61	-	-
Financing Cash Flow	2,633	1,367	1,223	943.68	2,006	1,413
Foreign Exchange Rate Adjustments	-3.01	6.79	-0.6	6.21	14.64	-2.18
Net Cash Flow	-242.72	-2,138	1,137	323.91	1,040	1,873
Free Cash Flow	-2,189	-2,217	510.4	-611.7	-666.9	-151.6
Free Cash Flow Margin	-170.23%	-175.25%	44.06%	-75.31%	-92.25%	-32.94%
Free Cash Flow Per Share	-109.44	-110.86	25.52	-30.59	-33.34	-7.58
Cash Interest Paid	266.76	237.65	135.72	50.82	69.58	52.92
Cash Income Tax Paid	68.75	88.13	33.4	18.34	8.62	6.65

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