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	236	359	426	391	355
Depreciation & Amortization	426	365	379	-	-
Other Adjustments	-129	401	308	321	327
Changes in Income Taxes Payable	-170	-127	-141	-167	-92
Changes in Other Operating Activities	494	-204	-129	-141	64
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	26	16	8	7	3
Purchases of Investments	-179	-578	-453	-461	-181
Proceeds from Sale of Investments	50	29	12	37	14
Cash Acquisitions	-1,060	-51	-9	-103	-28
Proceeds from Business Divestments	-	-	-	-	1
Other Investing Activities	1	-	1	37	22
Investing Cash Flow	-1,461	-871	-743	-819	-539
Short-Term Debt Issued	1,359	255	585	661	66
Short-Term Debt Repaid	-1,264	-307	-	-46	-49
Net Short-Term Debt Issued (Repaid)	95	-52	585	615	17
Long-Term Debt Issued	2,764	716	-	2	5
Long-Term Debt Repaid	-1,477	-59	-34	-32	-48
Net Long-Term Debt Issued (Repaid)	1,287	657	-34	-30	-43
Issuance of Common Stock	-	-	2	5	17
Repurchase of Common Stock	-31	-	-	-	-
Net Common Stock Issued (Repurchased)	-31	-	2	5	17
Common Dividends Paid	-20	-	-	-	-
Other Financing Activities	-156	-110	-254	-85	-66
Financing Cash Flow	1,176	495	299	505	-75
Effect of Exchange Rate Changes on Cash and Cash Equivalents	30	5	-5	-	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%	-
FCF Margin	5.93%	2.06%	3.20%	1.15%	4.84%
Free Cash Flow Per Share	0.42	0.13	0.20	-	-
Levered Free Cash Flow	1,788	211	298	82	-305
Unlevered Free Cash Flow	514.7	-606	-258.82	-417.05	-219.94