Warehouses De Pauw 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	353.92	435.5	22.3	351.71	982.27
Depreciation & Amortization	12.77	11.92	17.44	8.89	3.16
Gain (Loss) on Sale of Assets	-5.61	-0.72	-1.25	-0.52	-6.41
Asset Writedown	-68.61	-151.14	222.54	157.75	-825.96
Income (Loss) on Equity Investments	-22.05	-19.42	3.52	-38.65	-18.62
Change in Other Net Operating Assets	4.11	-10.47	-31.5	60.73	-31.85
Other Operating Activities	123.4	90.44	53.91	-189.42	120.77
Operating Cash Flow	397.92	356.12	286.95	350.5	223.35
Operating Cash Flow Growth	11.74%	24.11%	-18.13%	56.93%	-7.04%
Acquisition of Real Estate Assets	-524.7	-744.28	-343.57	-489.85	-368.27
Sale of Real Estate Assets	46.01	11.14	27.11	8.6	22.67
Net Sale / Acq. of Real Estate Assets	-478.7	-733.15	-316.46	-481.25	-345.6
Investment in Marketable & Equity Securities	-4.81	-53.15	-25.18	-252.59	-11.41
Other Investing Activities	9.64	9.4	7.55	1.22	4
Investing Cash Flow	-473.87	-776.89	-334.09	-732.62	-353.01
Long-Term Debt Issued	970.8	686.11	611.41	1,091	580.5
Long-Term Debt Repaid	-559.32	-79.44	-691.42	-926.09	-517.15
Net Debt Issued (Repaid)	411.48	606.67	-80.01	164.48	63.35
Issuance of Common Stock	-	-	294.54	297.12	196.89
Common Dividends Paid	-163.57	-143.26	-127.5	-163.62	-86.82
Other Financing Activities	-167.55	-45.3	-34.9	82.95	-45.77
Miscellaneous Cash Flow Adjustments	-	0	-0	0	-
Net Cash Flow	4.41	-2.66	4.99	-1.19	-2.01
Cash Interest Paid	75.9	49.52	37.97	-	-
Levered Free Cash Flow	213.38	219.11	107.69	250.73	141.89
Unlevered Free Cash Flow	259.67	249.33	151.57	270.37	155.45
Change in Working Capital	4.11	-10.47	-31.5	60.73	-31.85

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