Endesa Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,198	1,888	742	2,541	1,435
Depreciation & Amortization	1,968	1,765	1,616	1,503	1,399
Other Amortization	137	138	152	150	130
Loss (Gain) on Sale of Investments	1	-1	4	-1	-
Asset Writedown	154	117	102	35	664
Restructuring Activities	-3	-2	-6	28	4
Change in Accounts Receivable	697	799	360	-294	-2,291
Change in Inventory	-952	-835	-934	-1,319	-457
Change in Accounts Payable	-399	-691	-196	-126	1,668
Change in Other Net Operating Assets	-122	-6	1,781	-1,540	80
Other Operating Activities	204	190	812	532	-136
Operating Cash Flow	4,051	3,567	4,697	1,672	2,621
Operating Cash Flow Growth	13.57%	-24.06%	180.92%	-36.21%	-11.18%
Capital Expenditures	-1,844	-1,846	-2,284	-2,132	-2,082
Sale of Property, Plant & Equipment	88	30	20	26	84
Cash Acquisitions	-978	-	-	-	-96
Divestitures	13	-	27	136	-
Investment in Securities	-128	288	5,327	-6,284	-1,086
Other Investing Activities	140	195	106	98	107
Investing Cash Flow	-2,709	-1,333	3,196	-8,156	-3,073
Short-Term Debt Issued	-	-	-	4,308	1,488
Long-Term Debt Issued	9	818	3,291	3,910	1,425
Total Debt Issued	9	818	3,291	8,218	2,913
Short-Term Debt Repaid	-155	-4,041	-7,051	-	-
Long-Term Debt Repaid	-26	-40	-1,170	-9	-22
Total Debt Repaid	-181	-4,081	-8,221	-9	-22
Net Debt Issued (Repaid)	-172	-3,263	-4,930	8,209	2,891
Repurchase of Common Stock	-525	-	-	-1	-1
Common Dividends Paid	-1,389	-1,058	-1,678	-1,521	-2,132
Other Financing Activities	99	821	-50	-35	-6
Financing Cash Flow	-1,987	-3,500	-6,658	6,652	752
Net Cash Flow	-645	-1,266	1,235	168	300
Free Cash Flow	2,207	1,721	2,413	-460	539
Free Cash Flow Growth	28.24%	-28.68%	-	-	-56.78%
Free Cash Flow Margin	10.49%	8.22%	9.63%	-1.41%	2.63%
Free Cash Flow Per Share	2.10	1.63	2.28	-0.43	0.51
Cash Interest Paid	374	547	480	232	152
Cash Income Tax Paid	869	629	854	532	346
Levered Free Cash Flow	1,807	1,585	5,489	-5,428	1,182
Unlevered Free Cash Flow	2,019	1,870	5,796	-5,278	1,268
Change in Working Capital	-776	-733	1,011	-3,279	-1,000

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