FRA:RHS Cash Flow Statement

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

Millions USD. 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	21.24	43.47	2.28	17.24	41.35
Depreciation & Amortization	36.16	25.49	24.68	23.42	17.15
Other Amortization	-	5.93	6.4	7.74	9.34
Loss (Gain) From Sale of Assets	-	-	-8.09	-2.8	-0.7
Stock-Based Compensation	-	4.99	9.15	7.19	5.1
Other Operating Activities	-4.79	0.65	0.54	1.29	6.86
Change in Accounts Receivable	-	0.49	-0.18	-0.84	0.8
Change in Inventory	-	-0.14	0.22	-0.84	3.2
Change in Accounts Payable	-	1.48	-2.22	-0.59	0.35
Change in Unearned Revenue	-	-0.23	0.12	-5.97	0.99
Change in Other Net Operating Assets	-	-6.86	-1.57	-8.55	-3.68
Operating Cash Flow	52.61	75.28	31.32	37.29	80.76
Operating Cash Flow Growth	-30.12%	140.33%	-15.99%	-53.83%	-
Capital Expenditures	-35.59	-74.35	-0.49	-70.45	-197.32
Sale of Property, Plant & Equipment	21.59	-	23.91	12.69	12.6
Investment in Securities	-0.83	-	-	1.5	0.1
Other Investing Activities	-0.22	-4.41	1.33	-	-
Investing Cash Flow	-23.35	-79.37	17.75	-56.26	-184.62
Long-Term Debt Issued	155.84	120.78	53.75	124.8	180.32
Total Debt Issued	155.84	120.78	53.75	124.8	180.32
Long-Term Debt Repaid	-147.08	-94.82	-100.52	-99.7	-146.01
Total Debt Repaid	-147.08	-94.82	-100.52	-99.7	-146.01
Net Debt Issued (Repaid)	8.76	25.96	-46.77	25.1	34.31
Issuance of Common Stock	0.85	5.82	0.01	0.07	98.3
Repurchase of Common Stock	-	-4.85	-1.7	-	-1.71
Common Dividends Paid	-9.49	-10.75	-6.03	-17.92	-
Other Financing Activities	-1.64	-2.1	-2.13	-1.42	-3.72
Financing Cash Flow	-1.52	14.08	-56.62	5.83	127.44
Net Cash Flow	27.74	9.99	-7.55	-13.15	23.58
Free Cash Flow	17.02	0.93	30.83	-33.17	-116.56
Free Cash Flow Growth	1736.03%	-96.99%	-	-	-
Free Cash Flow Margin	10.76%	0.55%	27.97%	-26.53%	-76.13%
Free Cash Flow Per Share	0.83	0.05	1.67	-1.88	-6.09
Cash Interest Paid	19.62	20.05	18.43	11.71	11.17
Levered Free Cash Flow	-	-21.56	32.42	-24.22	-124.63
Unlevered Free Cash Flow	-	-10.5	42.99	-17.61	-120.31
Change in Working Capital	-	-5.26	-3.62	-16.79	1.66

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