Publicis Groupe Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,653	1,660	1,312	1,222	1,027
Depreciation & Amortization	732	606	595	822	733
Other Amortization	-	123	155	-	-
Loss (Gain) From Sale of Assets	7	-13	-1	103	28
Asset Writedown & Restructuring Costs	37	86	153	109	122
Loss (Gain) From Sale of Investments	-	-10	1	-	-
Loss (Gain) on Equity Investments	-3	2	-6	-5	-
Stock-Based Compensation	89	91	85	64	52
Other Operating Activities	194	-83	-237	107	46
Change in Accounts Receivable	-	-1,449	-1,941	-710	-1,218
Change in Inventory	-	-34	-22	-46	-23
Change in Accounts Payable	-	1,327	1,977	751	1,025
Change in Other Net Operating Assets	234	-5	-23	-	-
Operating Cash Flow	2,943	2,301	2,048	2,417	1,792
Operating Cash Flow Growth	27.90%	12.35%	-15.27%	34.88%	-39.58%
Capital Expenditures	-250	-238	-180	-198	-139
Sale of Property, Plant & Equipment	1	3	2	4	3
Cash Acquisitions	-670	-915	-194	-523	-276
Divestitures	1	-	11	-43	3
Investment in Securities	-22	34	13	11	4
Investing Cash Flow	-940	-1,116	-348	-749	-405
Long-Term Debt Issued	1,249	1	5	-	9
Long-Term Debt Repaid	-1,124	-972	-846	-327	-1,157
Net Debt Issued (Repaid)	125	-971	-841	-327	-1,148
Issuance of Common Stock	-	-	-	41	-
Repurchase of Common Stock	-147	-148	-189	-	-127
Common Dividends Paid	-903	-853	-726	-83.2	-227
Other Financing Activities	-87	-35	1	-111	-173
Financing Cash Flow	-1,012	-2,007	-1,755	-1,000	-1,675
Foreign Exchange Rate Adjustments	-603	215	-311	300	238
Net Cash Flow	388	-607	-366	968	-50
Free Cash Flow	2,693	2,063	1,868	2,219	1,653
Free Cash Flow Growth	30.54%	10.44%	-15.82%	34.24%	-40.94%
Free Cash Flow Margin	15.48%	12.87%	12.62%	15.63%	14.08%
Free Cash Flow Per Share	10.63	8.14	7.35	8.75	6.57
Cash Interest Paid	183	189	178	188	176
Cash Income Tax Paid	536	655	669	430	362
Levered Free Cash Flow	1,621	2,051	1,743	2,202	1,608
Unlevered Free Cash Flow	1,747	2,180	1,868	2,330	1,723
Change in Working Capital	234	-161	-9	-5	-216

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