FRA:RN4 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	2015 - 2019
Period Ending	Jun '25 Jun 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	2015 - 2019
Net Income	169.63	152.51	149.24	111.77	97.15	109.25	Upgrade
Depreciation & Amortization	260.6	254.69	253.2	249.28	241.94	241.17	Upgrade
Other Operating Activities	240.17	213.73	-772.4	252.42	360.94	25.85	Upgrade
Operating Cash Flow	670.4	620.93	-369.96	613.47	700.04	376.26	Upgrade
Operating Cash Flow Growth	395.00%	-	-	-12.37%	86.05%	9.33%	Upgrade
Capital Expenditures	-12.96	-11.34	-5.13	-6.27	-4.84	-13.99	Upgrade
Sale of Property, Plant & Equipment	0	0	-	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-287.02	-287.96	-244.54	-201.57	-196.76	-156.63	Upgrade
Investment in Securities	-66.56	0.4	-5.77	0.39	13.4	0.22	Upgrade
Other Investing Activities	151.61	81.82	91.01	105.44	28.53	49.85	Upgrade
Investing Cash Flow	-214.92	-217.08	-164.43	-102.01	-159.67	-120.54	Upgrade
Long-Term Debt Issued	-	6,273	3,758	1,165	2,035	2,426	Upgrade
Long-Term Debt Repaid	-	-6,489	-3,382	-1,525	-2,083	-2,474	Upgrade
Net Debt Issued (Repaid)	-264.95	-216.39	375.48	-360.47	-48.38	-48.42	Upgrade
Common Dividends Paid	-104.14	-102.15	-102.15	-144.6	-113.43	-113.43	Upgrade
Other Financing Activities	-87.67	-83.5	-61.78	-40.57	-39.75	-53.2	Upgrade
Financing Cash Flow	-456.76	-402.04	211.55	-545.64	-201.56	-215.04	Upgrade
Foreign Exchange Rate Adjustments	-1.37	-1.98	-2.31	0.72	-1.22	-0.03	Upgrade
Miscellaneous Cash Flow Adjustments	3.87	-	-	-	-	-	Upgrade
Net Cash Flow	1.22	-0.17	-325.15	-33.47	337.59	40.65	Upgrade
Free Cash Flow	657.44	609.59	-375.09	607.2	695.2	362.28	Upgrade
Free Cash Flow Growth	413.65%	-	-	-12.66%	91.90%	6.90%	Upgrade
Free Cash Flow Margin	64.32%	61.51%	-39.51%	77.15%	86.33%	49.95%	Upgrade
Free Cash Flow Per Share	0.99	0.92	-0.56	0.92	1.05	0.55	Upgrade
Cash Interest Paid	74.64	70.55	65.23	40.57	39.75	53.2	Upgrade
Cash Income Tax Paid	-	-20.75	31.37	77.97	74.25	11.46	Upgrade
Levered Free Cash Flow	217.65	200.35	-613.1	470.05	435.84	75.36	Upgrade
Unlevered Free Cash Flow	263.43	251.18	-571.88	500.81	464.49	110.69	Upgrade

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