Piaggio & C. SpA 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	67.23	91.05	84.89	60.05
Depreciation & Amortization	106.62	108.28	105.34	95.08
Other Amortization	32.32	35.2	32.07	31.5
Loss (Gain) From Sale of Assets	-0.81	-2.38	-0.19	-0.32
Asset Writedown & Restructuring Costs	3.07	4.75	4.38	2.96
Loss (Gain) on Equity Investments	1.65	0.77	0.91	-0.64
Other Operating Activities	15.19	35.1	25.96	27.33
Change in Accounts Receivable	-14.18	7.41	3.38	-3.83
Change in Inventory	4.32	51.66	-101.14	-88.67
Change in Accounts Payable	-47.89	-120.83	116.27	133.6
Change in Other Net Operating Assets	-23.45	-25.79	-32.37	-30.56
Operating Cash Flow	144.06	185.22	239.5	226.5
Operating Cash Flow Growth	-22.22%	-22.66%	5.74%	17.23%
Capital Expenditures	-68.13	-54.64	-63.04	-56.89
Sale of Property, Plant & Equipment	2.1	2.79	0.32	5.33
Sale (Purchase) of Intangibles	-114.54	-108	-88.63	-97.2
Other Investing Activities	14.57	4.37	2.83	1.99
Investing Cash Flow	-165.99	-155.49	-148.53	-146.77
Long-Term Debt Issued	143.96	322.68	73.4	204.87
Long-Term Debt Repaid	-91.56	-322.9	-122.01	-223.56
Net Debt Issued (Repaid)	52.4	-0.21	-48.61	-18.68
Repurchase of Common Stock	-1.28	-1.41	-5.67	-0.05
Common Dividends Paid	-69.07	-79.76	-53.4	-39.64
Other Financing Activities	6.21	-6.21	-	-
Financing Cash Flow	-11.75	-87.58	-107.68	-58.37
Foreign Exchange Rate Adjustments	2.79	-5.55	-1.6	10.6
Net Cash Flow	-30.9	-63.4	-18.3	31.95
Free Cash Flow	75.94	130.57	176.45	169.62
Free Cash Flow Growth	-41.84%	-26.00%	4.03%	20.09%
Free Cash Flow Margin	4.46%	6.58%	8.45%	10.17%
Free Cash Flow Per Share	0.21	0.37	0.50	0.47
Cash Interest Paid	42.29	29.4	21.89	21.38
Cash Income Tax Paid	32.01	36.74	33.28	28.4
Levered Free Cash Flow	-30.92	15.39	96.63	74.03
Unlevered Free Cash Flow	-0.85	41.66	112.03	88.15
Change in Working Capital	-81.2	-87.55	-13.86	10.53

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