Helios Towers Cash Flow Statement

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

Millions USD. 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	39.2	33.5	-100.1	-171.5	-156.2
Depreciation & Amortization	163.6	158.5	213.8	173.7	159.2
Other Amortization	8.7	7.7	5.2	4.8	0.6
Loss (Gain) From Sale of Assets	-1.2	5.2	-3.1	0.4	0.5
Stock-Based Compensation	7.1	4.7	3.7	4.5	2
Other Operating Activities	35.2	9.9	74.9	109.7	55.2
Change in Accounts Receivable	9.4	-42.3	-88.1	-79	-18.1
Change in Inventory	-1.6	1.4	-3.1	-3.3	-1.6
Change in Accounts Payable	20.3	5.4	49.1	13.8	-1.1
Change in Other Net Operating Assets	-11.8	14.3	-5.1	-2	-4.6
Operating Cash Flow	268.9	198.3	147.2	51.1	35.9
Operating Cash Flow Growth	35.60%	34.72%	188.06%	42.34%	-39.66%
Capital Expenditures	-180.1	-144.4	-191.9	-244.4	-168.5
Sale of Property, Plant & Equipment	1.3	1.6	-	0.1	0.5
Cash Acquisitions	-	-	-	-135.6	-238.2
Sale (Purchase) of Intangibles	-5.5	-10.1	-4.8	-3.4	-2
Other Investing Activities	1.8	3.2	0.9	1.8	0.6
Investing Cash Flow	-182.5	-149.7	-195.8	-381.5	-407.6
Long-Term Debt Issued	146.5	869	489.6	280.6	367.6
Long-Term Debt Repaid	-153.9	-842.8	-434.3	-359.8	-13.3
Net Debt Issued (Repaid)	-7.4	26.2	55.3	-79.2	354.3
Issuance of Common Stock	-	-	-	-	138.5
Repurchase of Common Stock	-23.8	-	-	-	-
Other Financing Activities	-	-21.7	-12.1	4.6	-18.8
Financing Cash Flow	-31.2	4.5	43.2	-74.6	474
Foreign Exchange Rate Adjustments	1.1	1.3	-7.6	-4.3	-2.1
Net Cash Flow	56.3	54.4	-13	-409.3	100.2
Free Cash Flow	88.8	53.9	-44.7	-193.3	-132.6
Free Cash Flow Growth	64.75%	-	-	-	-
Free Cash Flow Margin	10.40%	6.81%	-6.20%	-34.48%	-29.53%
Free Cash Flow Per Share	0.07	0.05	-0.04	-0.18	-0.13
Cash Interest Paid	166.1	165.7	150.4	121.8	111.7
Cash Income Tax Paid	45.5	33.2	20.9	20.3	48.3
Levered Free Cash Flow	114.58	60.38	6.64	-141.56	-26.99
Unlevered Free Cash Flow	228.33	180.31	116.14	-53.5	53.95
Change in Working Capital	16.3	-21.2	-47.2	-70.5	-25.4

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