Vantage Towers AG Cash Flow Statement

Financials in millions EUR. Fiscal year is April - March.

Millions EUR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2023	FY 2022	FY 2021
Period Ending	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	473.1	356.9	158.2
Depreciation & Amortization	415.9	356.4	185.5
Loss (Gain) on Equity Investments	-85.8	-30.2	-10.1
Stock-Based Compensation	3.8	3.9	1.2
Other Operating Activities	-14	87.9	113.2
Change in Accounts Receivable	-65.7	-8.3	-161.4
Change in Accounts Payable	70.2	149.3	26.4
Operating Cash Flow	797.5	915.9	313
Operating Cash Flow Growth	-12.93%	192.62%	-
Capital Expenditures	-398.4	-288.2	-104.6
Sale of Property, Plant & Equipment	3.9	4.3	-
Cash Acquisitions	-	-0.7	-8,551
Sale (Purchase) of Intangibles	-36.7	-18.6	-6.5
Investment in Securities	-	-	-1,213
Other Investing Activities	154.1	95.6	-
Investing Cash Flow	-277.1	-207.6	-9,875
Short-Term Debt Issued	-	-	2,290
Long-Term Debt Issued	-	-	2,187
Total Debt Issued	-	-	4,477
Short-Term Debt Repaid	-	-	-2,378
Long-Term Debt Repaid	-306.4	-293	-131.1
Total Debt Repaid	-306.4	-293	-2,509
Net Debt Issued (Repaid)	-306.4	-293	1,969
Issuance of Common Stock	-	-	7,107
Common Dividends Paid	-318.6	-283.3	-
Other Financing Activities	260.6	-132.4	508.4
Financing Cash Flow	-364.4	-708.7	9,584
Foreign Exchange Rate Adjustments	-0.3	-	-
Miscellaneous Cash Flow Adjustments	0.1	-	-
Net Cash Flow	155.8	-0.4	22.1
Free Cash Flow	399.1	627.7	208.4
Free Cash Flow Growth	-36.42%	201.20%	-
Free Cash Flow Margin	69.55%	61.34%	38.24%
Free Cash Flow Per Share	0.79	1.24	0.67
Cash Interest Paid	11.9	10.2	6.2
Cash Income Tax Paid	109.4	91.8	15.7
Levered Free Cash Flow	-68.33	290.3	-
Unlevered Free Cash Flow	-50.05	332.55	-
Change in Working Capital	4.5	141	-135

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