Canal+ 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	-47	-147	-61	141	119
Depreciation & Amortization	426	364	379	358	350
Asset Writedown & Restructuring Costs	-	1	2	2	1
Other Operating Activities	-90	203	187	-150	204
Change in Accounts Receivable	261	-75	-2	139	-91
Change in Inventory	22	9	18	-29	3
Change in Accounts Payable	89	107	-34	-64	42
Change in Other Net Operating Assets	67	-34	11	8	26
Operating Cash Flow	709	413	500	405	654
Operating Cash Flow Growth	71.67%	-17.40%	23.46%	-38.07%	-
Capital Expenditures	-297	-281	-301	-336	-370
Sale of Property, Plant & Equipment	23	11	7	7	3
Cash Acquisitions	-1,060	-51	-9	-103	-28
Divestitures	-	-	-	-	1
Investment in Securities	-128	-549	-440	-387	-145
Other Investing Activities	1	-1	-	-	-
Investing Cash Flow	-1,461	-871	-743	-819	-539
Short-Term Debt Issued	1,359	255	585	661	66
Long-Term Debt Issued	2,764	716	-	2	5
Total Debt Issued	4,123	971	585	663	71
Short-Term Debt Repaid	-1,264	-307	-	-46	-49
Long-Term Debt Repaid	-1,477	-59	-34	-32	-48
Total Debt Repaid	-2,741	-366	-34	-78	-97
Net Debt Issued (Repaid)	1,382	605	551	585	-26
Issuance of Common Stock	-	-	2	5	17
Repurchase of Common Stock	-31	-	-	-	-
Common Dividends Paid	-20	-	-	-	-
Other Financing Activities	-155	-110	-254	-85	-66
Financing Cash Flow	1,176	495	299	505	-75
Foreign Exchange Rate Adjustments	30	5	-5	-	1
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1
Net Cash Flow	454	42	51	91	40
Free Cash Flow	412	132	199	69	284
Free Cash Flow Growth	212.12%	-33.67%	188.41%	-75.70%	-
Free Cash Flow Margin	5.93%	2.06%	3.20%	1.15%	4.84%
Free Cash Flow Per Share	0.42	0.13	0.20	-	-
Cash Interest Paid	81	50	171	41	28
Cash Income Tax Paid	170	127	141	167	92
Levered Free Cash Flow	1,169	341	308.13	62.75	-
Unlevered Free Cash Flow	1,212	367.88	410.63	86.5	-
Change in Working Capital	439	7	-7	54	-20

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