Bell Food Group AG Cash Flow Statement

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

Millions CHF. 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	124.1	123.7	129.6	127.8	127.4	118.6
Depreciation & Amortization	177	171.2	162.1	162.9	162.3	150.5
Other Amortization	12.6	12.6	11.8	-	-	7.8
Loss (Gain) From Sale of Assets	-0.6	-0.3	0.6	-2.3	-0.2	-4.7
Asset Writedown & Restructuring Costs	-	-	-	-	1	1.8
Loss (Gain) From Sale of Investments	-	-	0.2	0.1	-	-
Loss (Gain) on Equity Investments	-0.3	-0.4	0.7	-4.8	-3.8	-3
Other Operating Activities	7.1	-1.9	9.2	12.9	6.2	5.9
Change in Accounts Receivable	2.8	-4.5	-6.5	11.7	11.7	8.9
Change in Inventory	-29.6	-29.8	-3.8	-80.3	-30.1	-2.6
Change in Unearned Revenue	6	6	8	-	-	-
Change in Other Net Operating Assets	-15.3	24.7	-0.2	13.4	19	-37.2
Operating Cash Flow	283.8	301.3	311.7	241.4	293.5	246
Operating Cash Flow Growth	-12.19%	-3.34%	29.12%	-17.75%	19.31%	-2.23%
Capital Expenditures	-256.1	-302.8	-318.7	-243	-220.4	-214.3
Sale of Property, Plant & Equipment	1.6	1.9	1.2	4.4	1.8	14
Cash Acquisitions	-	-	-	0.1	-	0.3
Divestitures	0.2	0.6	3.3	1.1	0.4	0.4
Sale (Purchase) of Intangibles	-10.8	-10	-11.4	-12.2	-17.9	-17.9
Investment in Securities	-	-0.8	-0.3	-5.2	-10.4	-8.2
Other Investing Activities	0.3	0.1	-	-	-0.1	-
Investing Cash Flow	-264.8	-311	-325.9	-254.8	-246.6	-225.7
Short-Term Debt Issued	-	-	-	64.2	-	-
Long-Term Debt Issued	-	-	270	300	-	-
Total Debt Issued	313	-	270	364.2	-	-
Short-Term Debt Repaid	-	-	-101.8	-	-0.9	-8.9
Long-Term Debt Repaid	-	-200	-	-175	-	-
Total Debt Repaid	-300	-200	-101.8	-175	-0.9	-8.9
Net Debt Issued (Repaid)	13	-200	168.2	189.2	-0.9	-8.9
Issuance of Common Stock	-	-	0.7	-	2	0.3
Repurchase of Common Stock	-1.9	-1.6	-	-0.6	-	-
Common Dividends Paid	-43.9	-43.9	-43.9	-43.9	-40.7	-34.5
Other Financing Activities	0.1	-	-0.1	-	-	-0.1
Financing Cash Flow	-32.7	-245.5	124.9	144.7	-39.6	-43.2
Foreign Exchange Rate Adjustments	-1	-0.3	-0.7	-1	-0.6	-0.6
Miscellaneous Cash Flow Adjustments	0.6	0.6	-	0.1	0.1	-
Net Cash Flow	-14.1	-254.9	110	130.4	6.8	-23.5
Free Cash Flow	27.7	-1.5	-7	-1.6	73.1	31.7
Free Cash Flow Growth	-	-	-	-	130.60%	-11.20%
Free Cash Flow Margin	0.57%	-0.03%	-0.15%	-0.04%	1.76%	0.79%
Free Cash Flow Per Share	4.42	-0.24	-1.11	-0.26	11.65	5.05
Levered Free Cash Flow	-9.83	-61.64	-36.21	-6.7	29.9	6.43
Unlevered Free Cash Flow	0.49	-52.45	-30.4	-1.39	34.53	11.18
Change in Working Capital	-36.1	-3.6	-2.5	-55.2	0.6	-30.9

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