Uniphar 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	51.09	64.2	44.82	45.59	48.08
Depreciation & Amortization	31.97	32.74	32.55	26.07	24.32
Other Amortization	3.74	2.63	2.85	2.41	2.61
Stock-Based Compensation	3.77	2.94	2.82	0.54	0.18
Other Operating Activities	-27.28	-27.13	-14.31	17.74	-13.78
Change in Accounts Receivable	-98.38	-18.38	-67.07	2.93	-26.17
Change in Inventory	-93.56	-17.16	-16.87	-15.13	3.73
Change in Accounts Payable	237.08	84.42	67.72	2.7	13.21
Operating Cash Flow	108.43	124.27	52.51	82.83	52.18
Operating Cash Flow Growth	-12.74%	136.65%	-36.60%	58.75%	-20.92%
Capital Expenditures	-23.54	-79.55	-21.26	-13.96	-10.53
Sale of Property, Plant & Equipment	0.38	-	1.6	0.13	0.39
Cash Acquisitions	-14.73	-16.33	-61.88	-86.89	-35.81
Divestitures	-	21.93	0.72	-	-
Sale (Purchase) of Intangibles	-39.28	-22.35	-10.7	-5.97	-3.9
Other Investing Activities	0.04	-0.18	1.09	0.35	0.2
Investing Cash Flow	-77.13	-96.48	-90.43	-106.33	-49.66
Long-Term Debt Issued	281.75	50.05	43.03	98.17	42.69
Total Debt Issued	281.75	50.05	43.03	98.17	42.69
Long-Term Debt Repaid	-191.46	-55.86	-18.2	-42.77	-26.8
Total Debt Repaid	-191.46	-55.86	-18.2	-42.77	-26.8
Net Debt Issued (Repaid)	90.29	-5.81	24.82	55.41	15.89
Repurchase of Common Stock	-35.1	-	-	-	-
Common Dividends Paid	-5.08	-5.08	-4.83	-4.67	-5.73
Other Financing Activities	0.06	-0.6	-0.36	-0.34	3.1
Financing Cash Flow	50.17	-11.49	19.63	50.41	13.26
Foreign Exchange Rate Adjustments	-0.77	1.04	0.24	-1.23	1.84
Net Cash Flow	80.71	17.34	-18.05	25.68	17.62
Free Cash Flow	84.89	44.71	31.25	68.88	41.65
Free Cash Flow Growth	89.85%	43.07%	-54.62%	65.36%	-19.37%
Free Cash Flow Margin	2.76%	1.61%	1.22%	3.33%	2.14%
Free Cash Flow Per Share	0.32	0.16	0.11	0.25	0.15
Cash Interest Paid	25.98	29.32	16.19	8.94	6.89
Cash Income Tax Paid	16.63	11.13	9.16	6.03	8.06
Levered Free Cash Flow	40.3	4.06	35.53	78.05	48.59
Unlevered Free Cash Flow	53.04	19.28	49.33	83.86	52.92
Change in Working Capital	45.14	48.89	-16.22	-9.5	-9.24

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