Carmila 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	185.47	313.84	2.78	219.33	192.12
Depreciation & Amortization	1.02	4.07	5.87	0.99	1.5
Other Amortization	8.14	9.01	7.98	11.03	10.7
Gain (Loss) on Sale of Assets	-0.95	3.08	-0.86	3.6	-0.03
Asset Writedown	29.67	41.83	207.45	0.79	9.72
Income (Loss) on Equity Investments	-6.94	-3.65	-3.74	-4.95	-3.07
Change in Other Net Operating Assets	7.73	12.24	-5.84	22.77	21.87
Other Operating Activities	89.26	-84.13	62.41	68.8	25.05
Operating Cash Flow	313.4	296.29	276.05	322.35	257.86
Operating Cash Flow Growth	5.78%	7.33%	-14.36%	25.01%	53.43%
Acquisition of Real Estate Assets	-63.46	-84.68	-60.45	-88.76	-64.58
Sale of Real Estate Assets	64.69	11.53	128.31	146.03	8.22
Net Sale / Acq. of Real Estate Assets	1.22	-73.15	67.86	57.27	-56.37
Cash Acquisition	-	-172.47	-	-	-
Other Investing Activities	-20.15	16.39	-12.94	-23.82	-84.96
Investing Cash Flow	-17.46	-229.24	56.67	31.68	-145.45
Long-Term Debt Issued	376.53	440.61	794.29	380.12	300
Long-Term Debt Repaid	-418.1	-943.04	-372.45	-379.75	-324.83
Net Debt Issued (Repaid)	-41.57	-502.43	421.84	0.37	-24.83
Issuance of Common Stock	-	-	-	-	0.19
Repurchase of Common Stock	-5.5	-2.23	-0.47	-0.35	-
Common Dividends Paid	-176.05	-170.71	-166.7	-143.56	-94.45
Other Financing Activities	-101.92	-97.57	-83.91	-92	-66.45
Miscellaneous Cash Flow Adjustments	0	-	-	-	-
Net Cash Flow	-29.1	-705.88	503.49	118.5	-73.14
Cash Interest Paid	90.99	121.43	82.94	64.32	59.6
Cash Income Tax Paid	3.77	-0.81	5.39	-3.21	2.17
Levered Free Cash Flow	175.86	171.27	127.47	153.17	75.31
Unlevered Free Cash Flow	229.5	237.55	178.22	183.55	103.98
Change in Working Capital	7.73	12.24	-5.84	22.77	21.87

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