Finnair Oyj 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	18.4	37	254.3	-476.2	-464.3
Depreciation & Amortization	343.5	329.6	332.5	317.1	318.3
Loss (Gain) From Sale of Assets	-14.6	-12	-13.3	-6.6	-19.4
Asset Writedown & Restructuring Costs	0.2	0.7	13.7	32.7	1.5
Loss (Gain) From Sale of Investments	-8.3	-36.8	-38	-3.7	0.4
Other Operating Activities	-29.3	130.5	-135	243.2	-71.1
Change in Accounts Receivable	9.2	46.7	-30.2	-86.9	-49.9
Change in Inventory	-3.4	-2.8	-1.1	-10.1	1.9
Change in Accounts Payable	86.2	119.8	89.4	249.5	257.3
Operating Cash Flow	401.9	612.7	472.3	259	-25.3
Operating Cash Flow Growth	-34.41%	29.73%	82.36%	-	-
Capital Expenditures	-209	-233.6	-404.2	-88	-76.3
Sale of Property, Plant & Equipment	8.3	-	0.4	25.5	441.7
Investment in Securities	-21.4	4.1	-60.7	-12.8	-67.5
Other Investing Activities	0.4	-56.9	0.5	-0.2	11.7
Investing Cash Flow	-221.7	-286.4	-464	-75.5	309.6
Short-Term Debt Issued	-	-	-	400	-
Long-Term Debt Issued	297	495.7	-	-	396.7
Total Debt Issued	297	495.7	-	400	396.7
Short-Term Debt Repaid	-	-	-400	-	-
Long-Term Debt Repaid	-271.9	-875.9	-575.5	-337.4	-301.6
Total Debt Repaid	-271.9	-875.9	-975.5	-337.4	-301.6
Net Debt Issued (Repaid)	25.1	-380.2	-975.5	62.6	95.1
Issuance of Common Stock	-	-	570.4	-	-
Repurchase of Common Stock	-22.5	-	-200	-	-1.1
Common Dividends Paid	-	-	-20.4	-20.5	-20.5
Other Financing Activities	-	-9.8	-50.9	-	-0.1
Financing Cash Flow	2.6	-390	-676.4	42.1	73.4
Miscellaneous Cash Flow Adjustments	0.1	-	-	-	0.1
Net Cash Flow	182.9	-63.7	-668.1	225.6	357.8
Free Cash Flow	192.9	379.1	68.1	171	-101.6
Free Cash Flow Growth	-49.12%	456.68%	-60.17%	-	-
Free Cash Flow Margin	6.21%	12.43%	2.28%	7.23%	-12.12%
Free Cash Flow Per Share	0.94	1.85	0.69	12.15	-7.23
Cash Interest Paid	-	-	48.9	-	-
Cash Income Tax Paid	0.1	0.1	-	-	-
Levered Free Cash Flow	183.76	266.31	-0.43	325.1	-2.79
Unlevered Free Cash Flow	232.89	326.88	72.51	392.73	52.46
Change in Working Capital	92	163.7	58.1	152.5	209.3

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.