Knorr-Bremse AG 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	435	445	553	489.28	621.31	495.5
Depreciation & Amortization	286	279	261	251.19	239.89	232.87
Other Amortization	80	80	71	53.49	42.14	35.66
Loss (Gain) From Sale of Assets	63	66	22	8.54	-18.81	5.98
Asset Writedown & Restructuring Costs	33	33	19	19.67	8.41	24.36
Loss (Gain) From Sale of Investments	39	18	20	13.8	2.34	-1.97
Provision & Write-off of Bad Debts	-	-	-	10	19.96	7.46
Other Operating Activities	90	159	-31	196.48	203.43	315.29
Change in Inventory	-38	-56	-120	-493.71	-115.11	-25.57
Change in Accounts Payable	131	18	120	139.83	84.82	98.12
Change in Other Net Operating Assets	-	-	-	-147.01	-112.88	-151.72
Operating Cash Flow	1,119	1,042	915	541.55	975.49	1,036
Operating Cash Flow Growth	4.78%	13.88%	68.96%	-44.48%	-5.84%	5.09%
Capital Expenditures	-213	-228	-254	-227.42	-261.9	-241.33
Sale of Property, Plant & Equipment	-1	29	12	29.91	19.14	12.92
Cash Acquisitions	-8	-636	-20	-203.42	-87.84	-123.25
Divestitures	34	6	-7	-4.48	5.65	-8.95
Sale (Purchase) of Intangibles	-104	-113	-121	-124.73	-132.74	-120.28
Investment in Securities	-14	149	-39	-12.29	-81.4	-102.57
Other Investing Activities	44	43	18	37.42	4.71	7.06
Investing Cash Flow	-262	-750	-411	-505	-534.37	-576.4
Long-Term Debt Issued	-	1,099	16	740.22	47.33	799.86
Long-Term Debt Repaid	-	-100	-123	-110.35	-1,103	-461.58
Net Debt Issued (Repaid)	-782	999	-107	629.87	-1,056	338.29
Common Dividends Paid	-282	-264	-234	-298.22	-245.02	-290.16
Other Financing Activities	-113	-105	-57	-492.46	-123.88	-58.49
Financing Cash Flow	-1,177	630	-398	-160.81	-1,425	-10.37
Foreign Exchange Rate Adjustments	-26	25	-35	8.5	69.55	-61.97
Miscellaneous Cash Flow Adjustments	-	-	1	-0	0	-
Net Cash Flow	-346	947	72	-115.76	-914.23	387.26
Free Cash Flow	906	814	661	314.13	713.59	794.66
Free Cash Flow Growth	10.60%	23.15%	110.42%	-55.98%	-10.20%	3.81%
Free Cash Flow Margin	11.44%	10.18%	8.22%	4.33%	10.51%	12.75%
Free Cash Flow Per Share	5.61	5.05	4.10	1.95	4.43	4.93
Cash Interest Paid	90	59	59	31.94	36.62	32.67
Cash Income Tax Paid	164	204	259	203.55	182.29	143.53
Levered Free Cash Flow	735.68	531.75	174.07	-247.89	354.42	485.06
Unlevered Free Cash Flow	815.06	598.63	237.2	-216.29	389.72	526.81
Change in Working Capital	93	-38	-	-500.89	-143.17	-79.17

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