Orange Polska Cash Flow Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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
Net Income	894	913	818	724	1,672	46
Depreciation & Amortization	2,208	2,165	2,144	2,189	2,354	2,475
Other Amortization	407	407	381	343	327	438
Loss (Gain) From Sale of Assets	-140	-113	-134	-107	-1,595	-61
Asset Writedown & Restructuring Costs	17	17	46	9	49	32
Loss (Gain) on Equity Investments	24	43	32	14	-24	-
Other Operating Activities	186	76	-68	-4	191	-163
Change in Accounts Receivable	-16	22	-155	-274	47	409
Change in Inventory	84	-23	27	-7	-51	-5
Change in Accounts Payable	41	33	28	79	100	-64
Change in Unearned Revenue	-185	-18	154	-13	86	-1
Change in Other Net Operating Assets	83	-111	180	-13	-55	-101
Operating Cash Flow	3,605	3,411	3,453	2,940	3,101	3,005
Operating Cash Flow Growth	9.88%	-1.22%	17.45%	-5.19%	3.19%	5.14%
Capital Expenditures	-2,897	-2,363	-2,241	-2,242	-1,995	-2,015
Sale of Property, Plant & Equipment	115	197	274	275	196	60
Cash Acquisitions	-138	-147	-61	-50	-22	-75
Divestitures	186	124	133	36	872	-
Investment in Securities	12	-177	-104	1	-	-
Other Investing Activities	-41	200	-47	-19	-207	-34
Investing Cash Flow	-2,763	-2,166	-2,046	-1,999	-1,156	-2,064
Long-Term Debt Issued	-	36	99	19	26	-
Total Debt Issued	673	36	99	19	26	-
Long-Term Debt Repaid	-	-898	-1,274	-541	-1,488	-989
Net Debt Issued (Repaid)	93	-862	-1,175	-522	-1,462	-989
Common Dividends Paid	-696	-630	-459	-328	-	-
Other Financing Activities	-	-	-	-	91	-
Financing Cash Flow	-603	-1,492	-1,634	-850	-1,371	-989
Foreign Exchange Rate Adjustments	-	-3	-3	2	1	2
Net Cash Flow	239	-250	-230	93	575	-46
Free Cash Flow	708	1,048	1,212	698	1,106	990
Free Cash Flow Growth	-17.10%	-13.53%	73.64%	-36.89%	11.72%	68.94%
Free Cash Flow Margin	5.42%	8.23%	9.35%	5.59%	9.27%	8.60%
Free Cash Flow Per Share	0.54	0.80	0.92	0.53	0.84	0.76
Cash Income Tax Paid	96	103	154	15	158	26
Levered Free Cash Flow	161.63	895.75	1,204	641.88	938.5	1,070
Unlevered Free Cash Flow	494.13	1,204	1,400	827.5	1,090	1,244
Change in Working Capital	9	-97	234	-228	127	238

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