Altarea SCA 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	Jun '25 Jun 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	-11.2	6.1	-472.9	326.8	211.6	-307.7
Depreciation & Amortization	53.8	47.3	126.4	31.4	47.6	34.9
Other Amortization	-	-	-	6.9	5.4	18.2
Gain (Loss) on Sale of Assets	-0.8	-0.3	3.8	-1.8	1.1	4.5
Gain (Loss) on Sale of Investments	5.9	5.9	2.8	-38.5	-46.2	-0.8
Asset Writedown	14.1	-2.8	190.1	-27.2	-35.1	640.5
Stock-Based Compensation	12.7	16.2	21.6	25.1	23.4	12.5
Income (Loss) on Equity Investments	-9.8	-11.3	68.8	-71	-19.1	-50.2
Change in Accounts Receivable	9.2	0.9	-	-	-	-
Change in Accounts Payable	-86.2	172.1	-	-	-	-
Change in Other Net Operating Assets	196.8	-20.7	421.2	-106.3	-76.5	144
Other Operating Activities	223.1	211.4	-31.3	51.3	101.8	-51
Operating Cash Flow	471	432.3	330.5	196.7	214	444.9
Operating Cash Flow Growth	271.74%	30.80%	68.02%	-8.08%	-51.90%	31.51%
Acquisition of Real Estate Assets	-106.6	-64.6	-35.5	-36.1	-97	-118.5
Sale of Real Estate Assets	9.6	11	-	-	12	340.1
Net Sale / Acq. of Real Estate Assets	-97	-53.6	-35.5	-36.1	-85	221.6
Cash Acquisition	-14.2	-16.8	3.1	-3.7	-17.7	-6
Investment in Marketable & Equity Securities	56.1	21.5	0.1	-110.1	-10.4	-105.4
Other Investing Activities	46.7	48.2	92	116.7	134.1	41.8
Investing Cash Flow	8.3	-20.7	48.6	130	131.3	33.2
Long-Term Debt Issued	-	689	408.2	430.3	1,564	1,827
Long-Term Debt Repaid	-	-720.4	-696.6	-1,274	-1,933	-1,674
Net Debt Issued (Repaid)	-319.2	-31.4	-288.4	-843.9	-368.4	153.2
Issuance of Common Stock	92.6	92	34.3	9.3	357.9	7.6
Repurchase of Common Stock	-0.1	-1	-5.5	-26.3	-31.3	-5.9
Common Dividends Paid	-168.9	-168.9	-206	-199.8	-91	-90
Other Financing Activities	-219	-192.2	-176.2	50.1	125.9	-96.9
Miscellaneous Cash Flow Adjustments	-0.1	-	-	-	-	-
Net Cash Flow	-135.4	110.1	-262.7	-683.9	338.4	446.1
Cash Interest Paid	161.5	153	110	67.7	90.4	86
Cash Income Tax Paid	-	-14	25.6	34.6	34.7	13.7
Levered Free Cash Flow	331.3	290.4	241.9	23	124.08	635.84
Unlevered Free Cash Flow	391.05	354.03	289.71	50.04	156.8	662.76
Change in Working Capital	183.2	159.8	421.2	-106.3	-76.5	144

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.