PostNL 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
Period Ending	Sep '25 Sep 27, 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
Net Income	-16	17	55	-993	257	217
Depreciation & Amortization	174	129	124	115	111	115
Other Amortization	59	59	52	41	37	33
Loss (Gain) From Sale of Assets	-8	-2	-9	-5	-20	-66
Asset Writedown & Restructuring Costs	-	-	1	-	1	16
Loss (Gain) on Equity Investments	-	4	4	1	-	-
Stock-Based Compensation	2	1	2	2	3	3
Other Operating Activities	-34	-44	-30	1,038	-32	55
Change in Accounts Receivable	4	-4	50	30	-23	-78
Change in Inventory	1	-1	-2	-2	-2	1
Change in Accounts Payable	-12	-35	27	18	26	-54
Change in Other Net Operating Assets	-6	44	-52	-5	92	-61
Operating Cash Flow	162	169	206	239	475	166
Operating Cash Flow Growth	-22.12%	-17.96%	-13.81%	-49.68%	186.15%	-23.85%
Capital Expenditures	-30	-31	-52	-58	-85	-40
Sale of Property, Plant & Equipment	11	16	1	12	10	158
Divestitures	10	-	-	-	44	13
Sale (Purchase) of Intangibles	-68	-69	-74	-80	-56	-37
Investment in Securities	208	-1	-2	-2	-4	-1
Other Investing Activities	16	22	23	3	2	1
Investing Cash Flow	149	-61	-102	-122	-92	85
Short-Term Debt Issued	-	-	1	-	-	1
Long-Term Debt Issued	-	297	18	-	-	-
Total Debt Issued	100	297	19	-	-	1
Short-Term Debt Repaid	-	-364	-4	-4	-5	-1
Long-Term Debt Repaid	-	-84	-128	-74	-69	-79
Total Debt Repaid	-449	-448	-132	-78	-74	-80
Net Debt Issued (Repaid)	-349	-151	-113	-78	-74	-79
Repurchase of Common Stock	-	-	-	-164	-	-
Common Dividends Paid	-15	-22	-29	-165	-113	-
Other Financing Activities	1	-	-	-1	1	-1
Financing Cash Flow	-363	-173	-142	-408	-186	-80
Net Cash Flow	-52	-65	-38	-291	197	171
Free Cash Flow	132	138	154	181	390	126
Free Cash Flow Growth	-21.43%	-10.39%	-14.92%	-53.59%	209.52%	-31.52%
Free Cash Flow Margin	4.02%	4.24%	4.87%	5.75%	11.25%	3.87%
Free Cash Flow Per Share	0.26	0.28	0.31	0.37	0.77	0.25
Cash Interest Paid	36	28	20	20	21	15
Cash Income Tax Paid	12	31	35	-1	76	12
Levered Free Cash Flow	117	64.13	79.75	-745.13	244.25	177.13
Unlevered Free Cash Flow	137.63	81	91	-735.13	253	184
Change in Working Capital	-13	4	23	41	93	-192

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