Wolters Kluwer 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	1,123	1,079	1,007	1,027	728	721
Depreciation & Amortization	468	454	440	432	421	423
Loss (Gain) From Sale of Assets	-5	-5	-4	-84	10	-7
Asset Writedown & Restructuring Costs	25	27	5	34	52	19
Loss (Gain) From Sale of Investments	-	-	-3	-	7	-5
Loss (Gain) on Equity Investments	-2	-2	-1	-	-	-6
Stock-Based Compensation	32	31	31	28	24	24
Other Operating Activities	-28	-12	-28	-33	-100	-11
Change in Accounts Receivable	-32	-32	4	91	-94	16
Change in Inventory	9	9	-7	-11	-3	-
Change in Accounts Payable	41	41	21	24	120	-50
Change in Unearned Revenue	64	64	80	77	127	73
Change in Other Net Operating Assets	7	-	-	-3	-	-
Operating Cash Flow	1,702	1,654	1,545	1,582	1,292	1,197
Operating Cash Flow Growth	14.54%	7.05%	-2.34%	22.45%	7.94%	8.62%
Capital Expenditures	-314	-314	-324	-295	-240	-238
Sale of Property, Plant & Equipment	1	1	1	-	1	7
Cash Acquisitions	-1,156	-335	-61	-92	-108	-395
Divestitures	1	1	8	106	76	50
Other Investing Activities	-5	-5	2	-18	-16	13
Investing Cash Flow	-1,473	-652	-374	-299	-287	-563
Long-Term Debt Issued	-	1,237	977	631	500	496
Long-Term Debt Repaid	-	-800	-991	-198	-168	-437
Net Debt Issued (Repaid)	1,481	437	-14	433	332	59
Repurchase of Common Stock	-993	-1,000	-1,000	-1,000	-410	-350
Common Dividends Paid	-542	-521	-467	-424	-372	-334
Other Financing Activities	3	-2	-	-	-1	-2
Financing Cash Flow	-51	-1,086	-1,481	-991	-451	-627
Foreign Exchange Rate Adjustments	-51	40	-31	44	76	-77
Net Cash Flow	127	-44	-341	336	630	-70
Free Cash Flow	1,388	1,340	1,221	1,287	1,052	959
Free Cash Flow Growth	18.43%	9.75%	-5.13%	22.34%	9.70%	-10.46%
Free Cash Flow Margin	22.84%	22.65%	21.87%	23.60%	22.05%	20.83%
Free Cash Flow Per Share	5.90	5.62	4.96	5.03	4.02	3.60
Cash Interest Paid	94	94	84	70	72	75
Cash Income Tax Paid	339	318	325	289	277	221
Levered Free Cash Flow	1,021	1,158	977.75	1,135	911.75	832.88
Unlevered Free Cash Flow	1,099	1,223	1,033	1,180	953.63	882.25
Change in Working Capital	89	82	98	178	150	39

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