Aroundtown Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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	1,025	256.3	-1,834	-527	748.1	741.3
Depreciation & Amortization	14.8	17.4	11.1	13.4	10	2.7
Other Amortization	2.8	2.8	6.8	7.7	5.9	1.6
Gain (Loss) on Sale of Assets	-1.8	-1.8	42.7	-42.6	-65.6	-57.8
Gain (Loss) on Sale of Investments	0.8	0.8	-14.8	168.6	115.4	135.1
Asset Writedown	-644.2	173.2	3,312	944.2	-744.1	-711.6
Stock-Based Compensation	4.2	5.2	5.3	5.4	5.9	3
Income (Loss) on Equity Investments	15.3	42.5	149.8	-5.9	-193.4	-195.7
Change in Other Net Operating Assets	-60.5	-55.3	-58.5	-29.1	-61.3	-39
Other Operating Activities	446.9	379.4	-847.9	253.3	804.9	736.2
Operating Cash Flow	803.2	820.5	772.1	788	625.8	615.8
Operating Cash Flow Growth	-2.45%	6.27%	-2.02%	25.92%	1.62%	0.36%
Acquisition of Real Estate Assets	-621	-512.2	-411.8	-756.7	-815	-665.9
Sale of Real Estate Assets	790.6	730	970.4	1,287	2,017	2,063
Net Sale / Acq. of Real Estate Assets	169.6	217.8	558.6	529.8	1,202	1,397
Investment in Marketable & Equity Securities	-88.4	-65.2	49.6	-121.3	-124.3	-376.8
Investing Cash Flow	81.2	152.6	608.2	408.5	1,078	1,014
Long-Term Debt Issued	-	1,418	812.9	225	-	219
Long-Term Debt Repaid	-	-1,214	-1,151	-854.4	-1,320	-712.2
Net Debt Issued (Repaid)	-935.5	203.7	-338.2	-629.4	-1,320	-493.2
Issuance of Common Stock	-	-	-	-	235.2	-
Repurchase of Common Stock	-213.6	-485.8	-126.2	-372.7	-444.1	-1,085
Common Dividends Paid	-	-	-	-169.3	-252	-
Other Financing Activities	-250.8	-213.8	-587.2	-592.1	-825.4	-56.3
Foreign Exchange Rate Adjustments	10.8	11	-2	4.9	16.1	-0.5
Miscellaneous Cash Flow Adjustments	1.1	-1	9.1	-5.5	1,068	505.5
Net Cash Flow	-503.6	487.2	335.8	-567.6	180.9	500.4
Cash Income Tax Paid	113.9	112.8	111.4	96.7	92.6	82.5
Levered Free Cash Flow	191.06	416.64	539.2	606.88	390.15	-76
Unlevered Free Cash Flow	334.88	563.64	683.01	722.38	502.9	49.44
Change in Working Capital	-60.5	-55.3	-58.5	-29.1	-61.3	-39

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