FRA:RW5 Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,168	1,839	1,915	1,869
Depreciation & Amortization	14	14	13	11
Loss (Gain) From Sale of Investments	33	-288	-110	-162
Loss (Gain) on Equity Investments	-122	21	22	-37
Stock-Based Compensation	103	33	-48	199
Other Operating Activities	283	444	196	-191
Change in Accounts Receivable	-51	-200	-205	68
Change in Accounts Payable	-426	-26	-30	216
Change in Other Net Operating Assets	-139	-398	-2,127	-530
Operating Cash Flow	1,863	1,439	-374	1,443
Operating Cash Flow Growth	29.47%	-	-	-19.20%
Capital Expenditures	-8	-17	-13	-35
Investment in Securities	-2,024	-202	1,719	-826
Other Investing Activities	37	-256	-	-
Investing Cash Flow	-1,995	-475	1,706	-861
Short-Term Debt Issued	67	197	172	1,353
Long-Term Debt Issued	251	-	-	-
Total Debt Issued	318	197	172	1,353
Short-Term Debt Repaid	-	-	-	-907
Long-Term Debt Repaid	-	-	-1,612	-
Total Debt Repaid	-	-	-1,612	-907
Net Debt Issued (Repaid)	318	197	-1,440	446
Issuance of Common Stock	56	-	5,155	52
Common Dividends Paid	-2,478	-2,101	-3,184	-1,395
Other Financing Activities	-15	-1	-811	710
Financing Cash Flow	-2,119	-1,842	-280	-187
Foreign Exchange Rate Adjustments	-12	-	-1	-2
Net Cash Flow	-2,263	-878	1,051	393
Free Cash Flow	1,855	1,422	-387	1,408
Free Cash Flow Growth	30.45%	-	-	-20.27%
Free Cash Flow Margin	46.61%	35.01%	-10.67%	45.61%
Free Cash Flow Per Share	1.17	0.87	-0.24	-
Cash Interest Paid	22	11	37	171
Cash Income Tax Paid	449	171	291	188
Levered Free Cash Flow	1,783	788.5	2,452	1,808
Unlevered Free Cash Flow	1,854	851	2,673	2,047
Change in Working Capital	-616	-624	-2,362	-246

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