LJSE:ZVTG Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	130.89	16.08	-6.84	112.76	73.5
Depreciation & Amortization	27.36	25.35	26.54	23.56	19.06
Gain (Loss) on Sale of Assets	-2.28	-0.89	-9.05	-	-
Gain (Loss) on Sale of Investments	-	-	-	-73.91	-16.44
Change in Accounts Receivable	173.7	78.29	-34.99	-14.47	2.54
Change in Income Taxes	-7.4	-29.46	-19.74	-17.81	-16.09
Change in Other Net Operating Assets	-37.75	-11.32	-1.62	-6.88	-16.88
Other Operating Activities	-141.68	-63.69	118.25	111.5	66
Operating Cash Flow	142.69	13.68	72.55	137.36	119.06
Operating Cash Flow Growth	943.04%	-81.14%	-47.19%	15.37%	31.85%
Capital Expenditures	-9.42	-7.48	-10.12	-9.51	-13.6
Sale of Property, Plant & Equipment	0.48	2.61	0.55	3.52	3.01
Purchase / Sale of Intangible Assets	-12.98	-13.92	-12.39	-7.88	-8.99
Cash Acquisitions	-	-	-	-4.47	-14.95
Investment in Securities	-236.43	33.34	-1.6	-118.59	-98.66
Other Investing Activities	38.85	37.66	31.38	43.07	49.25
Investing Cash Flow	-211.02	58.16	29.83	-93.86	-83.95
Long-Term Debt Issued	99.43	-	-	-	-
Total Debt Issued	99.43	-	-	-	-
Total Debt Repaid	-3.9	-3.75	-2.66	-2.03	-25.05
Net Debt Issued (Repaid)	95.52	-3.75	-2.66	-2.03	-25.05
Common Dividends Paid	-39.74	-56.78	-84.05	-38.61	-
Other Financing Activities	-2.91	-2.96	-2.63	-2.46	-3.98
Financing Cash Flow	52.87	-63.49	-89.33	-43.1	-29.04
Foreign Exchange Rate Adjustments	-	-	-	0.02	-0.04
Net Cash Flow	-15.47	8.35	13.04	0.42	6.03
Free Cash Flow	133.26	6.2	62.42	127.85	105.45
Free Cash Flow Growth	2047.84%	-90.06%	-51.17%	21.24%	36.66%
Free Cash Flow Margin	9.60%	0.51%	5.04%	9.56%	8.62%
Free Cash Flow Per Share	5.86	0.27	2.74	5.63	4.64
Cash Interest Paid	2.91	2.96	2.63	2.46	3.98
Cash Income Tax Paid	7.4	29.46	19.74	17.81	16.09
Levered Free Cash Flow	-26.28	-162.54	-1,676	114.41	62.15
Unlevered Free Cash Flow	-22.99	-161.18	-1,674	116.08	63.94
Change in Working Capital	128.55	37.51	-56.36	-39.16	-30.42

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