FRA:OTES 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	551.9	478.8	531.7	388.6	557.6	359.9
Depreciation & Amortization	512.5	510.9	474	595.5	494.3	654.3
Other Amortization	192.4	192.4	192.5	199.6	173.3	173.3
Asset Writedown & Restructuring Costs	-11	-7.7	-4.6	-6.2	-178.1	29.1
Loss (Gain) From Sale of Investments	-1.6	-30.5	-0.9	-	50.4	-9.8
Other Operating Activities	-41.6	-38.2	-20.6	91.4	28.7	-180.7
Change in Accounts Receivable	-93.4	-51.5	-99.3	18.7	-66.6	54.5
Change in Inventory	4.7	5.4	-4.9	-16	-11.3	10.2
Change in Other Net Operating Assets	22.2	42.6	127.2	45.6	89.2	51.3
Operating Cash Flow	1,107	1,102	1,195	1,317	1,224	1,248
Operating Cash Flow Growth	-2.17%	-7.77%	-9.27%	7.60%	-1.90%	8.25%
Capital Expenditures	-632.7	-599.7	-621.4	-639.5	-586	-667.8
Divestitures	-0.8	-4.2	-0.3	-9	199	-
Investment in Securities	-0.1	-0.7	-0.7	0.1	0.3	0.3
Other Investing Activities	16.6	13.3	10.4	2.7	-56	-69.8
Investing Cash Flow	-610.4	-584.1	-604.8	-638.5	-435.5	-730.1
Short-Term Debt Issued	-	3.8	1.3	4	-	-
Long-Term Debt Issued	-	40	80	300	350	367.4
Total Debt Issued	61	43.8	81.3	304	350	367.4
Long-Term Debt Repaid	-	-111.6	-370.6	-481	-474.4	-937.8
Net Debt Issued (Repaid)	-51.1	-67.8	-289.3	-177	-124.4	-570.4
Repurchase of Common Stock	-161.9	-150.6	-177	-293.6	-190.3	-142.3
Common Dividends Paid	-298.5	-296.9	-249.9	-249.9	-312.8	-257.9
Other Financing Activities	0.4	-	-0.1	-0.9	-5.7	-13.2
Financing Cash Flow	-511.1	-515.3	-716.3	-721.4	-746.5	-983.8
Foreign Exchange Rate Adjustments	0.1	0.3	-0.2	2.1	-1	-2.8
Miscellaneous Cash Flow Adjustments	-21.7	-	-	-	73.3	-73.3
Net Cash Flow	-35.8	3.1	-126.2	-40.6	114.5	-542.1
Free Cash Flow	474.6	502.5	573.7	677.7	638.2	580.1
Free Cash Flow Growth	-6.46%	-12.41%	-15.35%	6.19%	10.02%	-4.29%
Free Cash Flow Margin	13.01%	13.99%	16.54%	19.61%	19.13%	17.80%
Free Cash Flow Per Share	1.18	1.22	1.35	1.55	1.41	1.25
Cash Interest Paid	26.3	26.8	29.3	33.6	43.1	19
Cash Income Tax Paid	119.8	227.7	169.8	70.7	115.5	88.2
Levered Free Cash Flow	426.23	500.66	477.9	668.31	664.59	320.35
Unlevered Free Cash Flow	426.23	500.66	477.9	690.38	691.9	353.85
Change in Working Capital	-66.5	-3.5	23	48.3	11.3	116

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