BW Energy Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	82.7	133.1	165.9	81	45	52
Depreciation & Amortization	189.8	204.9	189.2	103.2	60.9	49.5
Loss (Gain) From Sale of Assets	-	-	-0.2	-	-	-
Stock-Based Compensation	3.2	2.1	1.5	1.3	1.1	0.4
Other Operating Activities	-24.7	-21.2	13.5	-3.4	2.5	-0.5
Change in Other Net Operating Assets	-129.2	-3.9	-22.2	-1.1	59	7.5
Operating Cash Flow	121.8	315	347.7	181	168.5	108.9
Operating Cash Flow Growth	-	-9.40%	92.10%	7.42%	54.73%	120.00%
Capital Expenditures	-376.8	-334.8	-306.6	-273.4	-182	-40.7
Sale (Purchase) of Intangibles	-110.5	-110.5	-34.7	-61.6	-57.9	-80.5
Investment in Securities	-7	-5.3	-55.6	-	-	-
Other Investing Activities	15	16.3	16.3	8.3	1.7	0.7
Investing Cash Flow	-479.3	-434.3	-380.6	-326.7	-238.2	-120.5
Long-Term Debt Issued	-	414.7	360	209	171	-
Long-Term Debt Repaid	-	-272.3	-233.8	-48.2	-31.6	-31.7
Net Debt Issued (Repaid)	326.7	142.4	126.2	160.8	139.4	-31.7
Issuance of Common Stock	-	-	-	-	-	75
Other Financing Activities	-95.6	-94.4	-65.7	-31.7	-9.8	-1.4
Financing Cash Flow	231.1	48	60.5	129.1	129.6	41.9
Net Cash Flow	-126.4	-71.3	27.6	-16.6	59.9	30.3
Free Cash Flow	-255	-19.8	41.1	-92.4	-13.5	68.2
Free Cash Flow Margin	-38.05%	-2.54%	5.24%	-18.90%	-4.86%	25.12%
Free Cash Flow Per Share	-0.99	-0.08	0.16	-0.36	-0.05	0.27
Cash Interest Paid	70.2	63.4	61.6	29	3.5	-
Cash Income Tax Paid	64.4	75.3	76.8	46.9	36.4	34.6
Levered Free Cash Flow	-	-153.69	-74.56	-92.55	-52.41	0.49
Unlevered Free Cash Flow	-	-132.69	-42.69	-89.36	-41.79	8.3
Change in Working Capital	-129.2	-3.9	-22.2	-1.1	59	7.5