Société de la Tour Eiffel 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	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
Net Income	-66.04	-59.19	-47.21	4.04	2.76	10.69
Depreciation & Amortization	40.91	50.72	43.86	54.89	51.8	48.42
Gain (Loss) on Sale of Assets	0.19	-3.69	-6.21	1.9	-10.34	-15.7
Asset Writedown	58.04	47.95	57.14	-15.53	10.44	3.37
Stock-Based Compensation	0.14	0.31	0.59	0.77	0.59	0.78
Income (Loss) on Equity Investments	-	-	-	0	1.97	0.33
Change in Accounts Receivable	14.84	12.08	-9.69	7.08	38.8	-
Change in Accounts Payable	-2.01	-5.64	-5.97	3.75	-1.15	-
Change in Other Net Operating Assets	-5.16	-7.5	0.3	2.75	-33.73	-8.55
Other Operating Activities	11.7	12.13	9.55	13.1	20.63	14.12
Operating Cash Flow	47.88	43.52	42.55	77.49	76.76	53.45
Operating Cash Flow Growth	-12.61%	2.29%	-45.09%	0.95%	43.60%	-13.89%
Acquisition of Real Estate Assets	-97.96	-76.94	-124.28	-59.92	-51.56	-61.4
Sale of Real Estate Assets	71.84	86	54.47	32.48	85.37	67.53
Net Sale / Acq. of Real Estate Assets	-26.12	9.06	-69.8	-27.44	33.81	6.13
Other Investing Activities	0	0	-	-0	0	0
Investing Cash Flow	-26.12	9.06	-69.8	-27.44	33.81	6.13
Long-Term Debt Issued	-	80	80.52	-	-	218.33
Long-Term Debt Repaid	-	-85	-10.68	-130.66	-59.59	-87.57
Net Debt Issued (Repaid)	-345.57	-5	69.84	-130.66	-59.59	130.76
Issuance of Common Stock	596.39	-	0.16	0.06	-	0.26
Repurchase of Common Stock	-0.08	-0.26	-	-	-0.3	-
Common Dividends Paid	-	-	-12.43	-24.88	-33.17	-33.14
Other Financing Activities	-28.17	-27.81	-20.7	-23.23	-26.21	-20.49
Miscellaneous Cash Flow Adjustments	-0	-0	-0	0	-0	-
Net Cash Flow	244.32	19.51	9.61	-128.66	-8.7	136.97
Cash Interest Paid	14.47	13.74	7.78	-	-	-
Cash Income Tax Paid	-	0.02	0.03	-0	-0.05	1.03
Levered Free Cash Flow	-32.26	-9.73	-75.85	-22.85	-3.8	22.92
Unlevered Free Cash Flow	-27.47	-1.38	-69.84	-14.15	5.88	33.88
Change in Working Capital	2.94	-4.7	-15.17	18.33	-1.08	-8.55

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