Iberdrola 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	5,612	4,803	4,339	3,885	3,611
Depreciation & Amortization	5,578	5,528	4,478	3,993	3,782
Other Amortization	266	223	212	211	190
Loss (Gain) on Sale of Assets	-1,717	-	-	-	-
Loss (Gain) on Sale of Investments	4	4	2	8	2
Loss (Gain) on Equity Investments	37	-239	-146	39	-481
Asset Writedown	1,568	59	2	29	53
Restructuring Activities	81	75	34	22	28
Change in Accounts Receivable	-1,760	314	-1,701	-4,707	-696
Change in Inventory	-620	-168	521	52	46
Change in Accounts Payable	1,262	-517	44	1,927	394
Other Operating Activities	1,638	2,076	2,754	2,692	1,443
Net Cash from Discontinued Operations	-24	-28	-96	-45	-25
Operating Cash Flow	11,925	12,130	10,443	8,106	8,347
Operating Cash Flow Growth	-1.69%	16.15%	28.83%	-2.89%	20.71%
Capital Expenditures	-8,209	-7,717	-6,466	-6,472	-5,554
Cash Acquisitions	-243	-53	-	-536	-391
Divestitures	5,680	239	-	21	114
Sale (Purchase) of Intangibles	-710	-541	-510	-591	-446
Investment in Securities	-4,340	-1,058	-2,526	-1,537	28
Other Investing Activities	-567	-560	-651	-370	-393
Investing Cash Flow	-8,397	-9,693	-10,154	-9,488	-6,644
Long-Term Debt Issued	19,059	11,846	14,956	12,760	14,912
Long-Term Debt Repaid	-13,478	-9,555	-10,624	-7,905	-10,725
Net Debt Issued (Repaid)	5,581	2,291	4,332	4,855	4,187
Issuance of Common Stock	79	110	91	73	127
Repurchase of Common Stock	-2,076	-2,787	-1,885	-1,897	-2,710
Common Dividends Paid	-1,166	-949	-859	-570	-562
Other Financing Activities	-4,685	-2,753	-1,497	-592	-1,113
Financing Cash Flow	-2,267	-4,088	151	1,869	-71
Foreign Exchange Rate Adjustments	-198	62	135	119	-318
Net Cash Flow	1,063	-1,589	575	606	1,314
Free Cash Flow	3,716	4,413	3,977	1,634	2,793
Free Cash Flow Growth	-15.79%	10.96%	143.39%	-41.50%	83.39%
Free Cash Flow Margin	8.31%	8.95%	7.37%	4.18%	8.43%
Free Cash Flow Per Share	0.57	0.65	0.60	0.24	0.42
Cash Interest Paid	1,917	2,266	1,725	884	842
Cash Income Tax Paid	1,940	1,492	1,055	832	843
Levered Free Cash Flow	4,590	-3,907	6,030	-2,249	692.63
Unlevered Free Cash Flow	5,838	-2,613	7,092	-1,545	1,307
Change in Working Capital	-1,118	-371	-1,136	-2,728	-256

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.