Avio S.p.A. 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	7.98	6.09	6.49	-0.43	8.48	14.12
Depreciation & Amortization	13.51	13.87	11.89	14.74	14.37	14.19
Other Amortization	6.21	3.57	3.39	4.45	6.79	5.09
Loss (Gain) on Equity Investments	0.29	0.17	0.53	1.75	-2.48	-1.35
Other Operating Activities	1.89	-0.74	-10.29	25.01	-5.23	-0.15
Change in Accounts Receivable	72.61	71.13	88.88	85.41	11.29	42.15
Change in Inventory	-17.12	-29.67	-81.85	-47.84	-14.42	5.21
Change in Accounts Payable	-17.2	-3.95	23.33	12.9	10.47	-33.88
Change in Other Net Operating Assets	16.42	-0.2	0.11	-30.24	12	2.02
Operating Cash Flow	84.6	60.26	42.48	65.74	41.26	47.4
Operating Cash Flow Growth	-	41.85%	-35.38%	59.34%	-12.96%	-27.76%
Capital Expenditures	-26.28	-23.14	-23.24	-21.55	-18.32	-21.47
Sale (Purchase) of Intangibles	-13.9	-12.02	-13.1	-10.97	-15.4	-13.13
Investment in Securities	-	-	-2.51	-1.72	-	-
Investing Cash Flow	-39.84	-35.16	-38.85	-34.24	-33.71	-34.6
Long-Term Debt Repaid	-	-10	-10	-10	-10	-8
Total Debt Repaid	-10	-10	-10	-10	-10	-8
Net Debt Issued (Repaid)	-10	-10	-10	-10	-10	-8
Issuance of Common Stock	10.4	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-5.74	-	-6.41
Common Dividends Paid	-3.75	-6	-	-4.5	-7.32	-
Other Financing Activities	1.54	-3.01	-29.44	15.53	-10.27	-18.03
Financing Cash Flow	-1.81	-19.01	-39.44	-4.71	-27.59	-32.44
Miscellaneous Cash Flow Adjustments	-0	-	-0	-0	-	-
Net Cash Flow	42.94	6.09	-35.81	26.79	-20.05	-19.64
Free Cash Flow	58.31	37.12	19.24	44.19	22.94	25.93
Free Cash Flow Growth	-	92.93%	-56.46%	92.67%	-11.54%	-47.49%
Free Cash Flow Margin	10.62%	7.73%	5.60%	11.90%	7.17%	7.38%
Free Cash Flow Per Share	2.21	1.42	0.74	1.75	0.87	0.98
Cash Interest Paid	0.43	0.43	0.14	0.22	0.29	0.36
Cash Income Tax Paid	0.29	-	0.05	1.5	0.41	0.65
Levered Free Cash Flow	-	31.28	7.43	51.14	14.92	11.88
Unlevered Free Cash Flow	-	32.12	7.73	51.69	15.15	12.42
Change in Working Capital	54.71	37.31	30.47	20.23	19.34	15.5

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