FRA:SRT3 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	154.9	84	205.6	678.1	318.9
Depreciation & Amortization	357.1	334.1	307	253.3	206
Other Amortization	62.3	62.5	30	33.8	25.2
Asset Writedown & Restructuring Costs	0.7	19.3	4.5	-	-
Loss (Gain) From Sale of Investments	6.4	11	20	-	-
Loss (Gain) on Equity Investments	3.3	8.6	6.5	-	-
Other Operating Activities	248.2	179.2	135.9	158.5	405.3
Change in Accounts Receivable	45.8	27.3	168.6	-86.6	-99.1
Change in Inventory	-48.6	258.6	118.1	-261.6	-294.4
Change in Other Net Operating Assets	6.9	-8.4	-142.6	-41.3	311.3
Operating Cash Flow	837	976.2	853.6	734.2	873.2
Operating Cash Flow Growth	-14.26%	14.36%	16.26%	-15.92%	70.70%
Capital Expenditures	-441.9	-409.9	-559.7	-522.6	-407.2
Cash Acquisitions	-67.1	-	-2,241	-536.1	-141.7
Investment in Securities	-4.7	-15.9	-22.7	-	-
Other Investing Activities	-	-	-	-71.2	-20.7
Investing Cash Flow	-513.7	-425.8	-2,823	-1,130	-569.6
Long-Term Debt Issued	8.7	12.6	6,059	1,648	137
Long-Term Debt Repaid	-348.4	-847.6	-3,565	-1,243	-211.7
Net Debt Issued (Repaid)	-339.7	-835	2,494	404.8	-74.7
Issuance of Common Stock	-	198.3	-	-	-
Common Dividends Paid	-50.7	-50.7	-98.2	-85.9	-48.2
Other Financing Activities	-201	559.1	-230.2	-109	-49.7
Financing Cash Flow	-591.4	-128.3	2,166	209.9	-172.6
Foreign Exchange Rate Adjustments	-3.9	12	17.3	8.9	8
Miscellaneous Cash Flow Adjustments	-	0.1	-	-	0.4
Net Cash Flow	-272	434.2	213.3	-176.9	139.4
Free Cash Flow	395.1	566.3	293.9	211.6	466
Free Cash Flow Growth	-30.23%	92.69%	38.89%	-54.59%	71.78%
Free Cash Flow Margin	11.17%	16.75%	8.65%	5.07%	13.51%
Free Cash Flow Per Share	5.72	8.21	4.30	3.09	6.81
Cash Interest Paid	181	210.3	107.8	35.6	27
Cash Income Tax Paid	161.3	145.2	154.6	239.4	189.4
Levered Free Cash Flow	288.65	445.95	84.64	126.66	483.49
Unlevered Free Cash Flow	396.15	559.45	173.76	148.23	500.12
Change in Working Capital	4.1	277.5	144.1	-389.5	-82.2

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