PUMA SE 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	-645.5	281.6	304.9	353.5	309.6
Depreciation & Amortization	403.6	370.2	351.8	332.7	287.3
Loss (Gain) From Sale of Assets	1.6	0.2	-3.9	1	-
Asset Writedown & Restructuring Costs	70.2	-12.7	-6.2	26	18.5
Other Operating Activities	250.6	62.3	136.2	48.4	59
Change in Accounts Receivable	239.2	-231.5	-153.4	-209.4	-283.2
Change in Inventory	-283.3	-218.2	352.1	-747	-304.3
Change in Accounts Payable	-385.2	380.3	-327.9	613.1	373.2
Operating Cash Flow	-319.3	694.8	653.6	418.3	460.1
Operating Cash Flow Growth	-	6.30%	56.25%	-9.09%	9.16%
Capital Expenditures	-206.3	-263	-300.4	-263.6	-202.4
Sale of Property, Plant & Equipment	9.9	8.7	14.3	1.3	18.3
Other Investing Activities	-14.6	23.8	1.5	21.5	0.3
Investing Cash Flow	-211	-230.5	-284.6	-240.8	-183.8
Short-Term Debt Issued	730.8	39	-	17.9	-
Long-Term Debt Issued	275	-	299.6	-	235
Total Debt Issued	1,006	39	299.6	17.9	235
Short-Term Debt Repaid	-76.2	-125	-59.1	-9.5	-53.4
Long-Term Debt Repaid	-247.8	-222.5	-208	-250	-229.4
Total Debt Repaid	-324	-347.5	-267.1	-259.5	-282.8
Net Debt Issued (Repaid)	681.8	-308.5	32.5	-241.6	-47.8
Repurchase of Common Stock	-59.7	-50	-	-	-
Common Dividends Paid	-89.8	-122.8	-122.8	-107.7	-23.9
Other Financing Activities	-135.4	-216.5	-186.8	-127.1	-92.3
Financing Cash Flow	396.9	-697.8	-277.1	-476.4	-164
Foreign Exchange Rate Adjustments	55.2	48.8	-2.1	4.4	-10.5
Miscellaneous Cash Flow Adjustments	-	-	-	0.1	-0.2
Net Cash Flow	-78.2	-184.7	89.8	-294.4	101.6
Free Cash Flow	-525.6	431.8	353.2	154.7	257.7
Free Cash Flow Growth	-	22.25%	128.31%	-39.97%	-4.73%
Free Cash Flow Margin	-7.20%	5.14%	4.11%	1.83%	3.79%
Free Cash Flow Per Share	-3.56	2.89	2.36	1.03	1.72
Cash Interest Paid	119.7	127.2	94.3	53.8	44.4
Cash Income Tax Paid	98.8	114.4	181.3	157.4	146.9
Levered Free Cash Flow	8.46	160.48	347.89	35.09	-45.21
Unlevered Free Cash Flow	78.34	233.41	410.33	112.4	-0.15
Change in Working Capital	-429.3	-69.4	-129.2	-343.3	-214.3

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.