LON:0IHQ Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	254	1,244	1,538	1,738	363.2	596.1
Depreciation & Amortization	2,009	1,705	1,668	1,598	1,540	1,378
Other Amortization	20.4	20.4	19.7	38.2	37.6	33
Loss (Gain) on Sale of Assets	-6	13.9	0.3	-3.4	5.8	-2.4
Asset Writedown	526.7	526.7	865.5	-664.6	1,054	234.6
Change in Accounts Receivable	-1,331	-854.7	-3,152	2,592	1,247	-970.2
Change in Inventory	612.3	396	-398.9	-2,625	867.6	157.2
Change in Other Net Operating Assets	84.1	-433.9	-1,212	-1,192	3,381	95
Other Operating Activities	1,868	2.9	1,572	323.8	-897.8	-363.2
Operating Cash Flow	4,037	2,620	899.7	1,805	7,598	1,158
Operating Cash Flow Growth	61.71%	191.23%	-50.15%	-76.25%	556.06%	106.84%
Capital Expenditures	-6,395	-5,484	-4,404	-2,771	-2,362	-2,178
Sale of Property, Plant & Equipment	84.8	45.4	50.7	57.9	73.1	245.5
Cash Acquisitions	-440.4	-260.8	-215.7	-110.4	-287	-126.5
Divestitures	7.8	-2.7	-	24.7	0.9	-39.6
Investment in Securities	-2,617	-1,246	-1,863	-469.8	-751.6	-260.8
Other Investing Activities	621.9	740.8	634.3	533.4	452.8	381
Investing Cash Flow	-8,738	-6,207	-5,797	-2,735	-2,874	-1,979
Long-Term Debt Issued	-	4,576	4,964	17,900	3,524	3,698
Long-Term Debt Repaid	-	-1,725	-1,548	-16,405	-2,211	-2,671
Net Debt Issued (Repaid)	1,814	2,851	3,416	1,495	1,312	1,027
Common Dividends Paid	-556.3	-637.2	-417.1	-399.4	-356.4	-389.1
Other Financing Activities	275.3	166.4	1,420	-361	-341.3	44
Financing Cash Flow	4,637	2,380	4,419	734.6	614.7	681.9
Foreign Exchange Rate Adjustments	8.8	23	-8.9	17.7	32.4	-11.4
Miscellaneous Cash Flow Adjustments	6	20.2	6.4	0.3	29.2	38.8
Net Cash Flow	-49.7	-1,163	-480.5	-177.5	5,400	-111.1
Free Cash Flow	-2,358	-2,863	-3,504	-965.9	5,236	-1,020
Free Cash Flow Margin	-6.75%	-8.20%	-7.82%	-1.71%	16.18%	-5.13%
Free Cash Flow Per Share	-8.36	-10.57	-12.94	-3.57	19.33	-3.77
Cash Interest Paid	469.5	448.5	421.2	318.8	314.5	236.1
Cash Income Tax Paid	508.9	937.2	906.7	227.9	200.6	207.8
Levered Free Cash Flow	-2,768	-3,481	-3,189	-1,236	4,213	-1,255
Unlevered Free Cash Flow	-2,285	-3,030	-2,854	-1,093	4,354	-1,068
Change in Working Capital	-634.5	-892.6	-4,763	-1,225	5,495	-718

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