PAO TMK Cash Flow Statement

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

Millions RUB. 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	-24,897	-23,884	38,832	42,369	6,974	24,271
Depreciation & Amortization	26,353	25,773	22,560	26,479	17,492	12,493
Other Amortization	-	-	-	-	307	158
Loss (Gain) From Sale of Assets	1,336	6,758	1,261	5,926	659	347
Asset Writedown & Restructuring Costs	2,885	1,111	199	2,731	1,379	4,257
Loss (Gain) From Sale of Investments	210	120	-1,004	-694	-3,518	959
Loss (Gain) on Equity Investments	1,056	-6,283	-188	-62	-83	-100
Other Operating Activities	67,291	72,869	44,361	38,852	32,923	8,278
Change in Accounts Receivable	-10,181	-16,359	23,747	-37,703	-16,662	1,404
Change in Inventory	25,325	16,329	-16,240	-4,993	-32,606	-2,668
Change in Accounts Payable	-8,821	22,854	3,338	1,786	25,333	-6,154
Change in Other Net Operating Assets	7,452	21,057	-52,227	-39,246	63,122	29,277
Operating Cash Flow	88,009	120,345	64,639	35,445	95,320	48,652
Operating Cash Flow Growth	53.13%	86.18%	82.36%	-62.81%	95.92%	28.01%
Capital Expenditures	-24,291	-27,516	-40,166	-18,140	-14,536	-10,524
Cash Acquisitions	-9	-1,123	-5,312	-15,280	-70,315	-14,439
Divestitures	6,344	8,644	5,020	-	-	63,308
Sale (Purchase) of Intangibles	-1,211	-1,305	-1,064	-719	-1,417	-557
Other Investing Activities	796	1,828	15,044	2,396	-4,079	-8,514
Investing Cash Flow	-18,284	-18,372	-23,740	-32,111	-85,904	30,143
Long-Term Debt Issued	-	166,144	149,035	155,846	153,146	166,637
Long-Term Debt Repaid	-	-151,262	-116,101	-160,437	-109,784	-169,014
Net Debt Issued (Repaid)	-23,646	14,882	32,934	-4,591	43,362	-2,377
Issuance of Common Stock	-	4,163	-	-	17,441	-
Repurchase of Common Stock	-	-	-	-	-171	-16,144
Common Dividends Paid	-4	-9,939	-20,838	-10,841	-28,286	-3,097
Other Financing Activities	-63,576	-59,703	-28,962	-36,720	-17,660	-18,263
Financing Cash Flow	-87,226	-50,597	-16,866	-52,152	14,686	-39,881
Foreign Exchange Rate Adjustments	120	48	1,363	-3,346	-798	11,998
Net Cash Flow	-17,381	51,424	25,396	-52,164	23,304	50,912
Free Cash Flow	63,718	92,829	24,473	17,305	80,784	38,128
Free Cash Flow Growth	196.75%	279.31%	41.42%	-78.58%	111.88%	60.03%
Free Cash Flow Margin	12.94%	17.44%	4.50%	2.75%	18.83%	17.13%
Free Cash Flow Per Share	60.57	88.73	23.69	16.75	78.19	39.88
Cash Interest Paid	69,234	59,285	28,679	27,369	21,542	12,698
Cash Income Tax Paid	4,828	4,640	17,440	12,988	6,253	7,512
Levered Free Cash Flow	23,147	34,232	20,686	-7,071	53,060	37,499
Unlevered Free Cash Flow	75,204	77,281	40,139	14,091	67,690	45,922
Change in Working Capital	13,775	43,881	-41,382	-80,156	39,187	21,859

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