HESAY 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	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	4,481	4,603	4,311	3,367	2,445	1,385
Depreciation & Amortization	630	660	577	532	484	514
Other Amortization	153	101	89	75	79	-
Loss (Gain) From Sale of Assets	-57	-2	-14	-1	-4	-90
Asset Writedown & Restructuring Costs	141	83	106	123	65	54
Loss (Gain) on Equity Investments	-54	-44	-105	-50	-34	-16
Stock-Based Compensation	139	142	104	55	59	79
Other Operating Activities	-193	-193	42	-3	-43	62
Change in Accounts Receivable	16	4	-122	-54	-30	38
Change in Inventory	-7	-313	-662	-324	-116	-158
Change in Accounts Payable	-91	-60	42	203	71	-24
Change in Other Net Operating Assets	24	130	-52	248	421	-206
Operating Cash Flow	5,225	5,139	4,328	4,184	3,405	1,642
Operating Cash Flow Growth	16.99%	18.74%	3.44%	22.88%	107.37%	-21.33%
Capital Expenditures	-1,002	-1,067	-578	-414	-403	-335
Sale of Property, Plant & Equipment	2	1	-	1	3	-
Cash Acquisitions	-67	-229	-288	-1	-	-72
Divestitures	-	-	-	-	-	81
Sale (Purchase) of Intangibles	-62	-	-115	-104	-127	-109
Sale (Purchase) of Real Estate	-	-	-166	-	-2	-4
Investment in Securities	107	118	-52	-160	-192	-26
Other Investing Activities	69	-18	204	99	52	33
Investing Cash Flow	-953	-1,195	-995	-579	-669	-432
Long-Term Debt Issued	-	-	-	-	-	8
Long-Term Debt Repaid	-	-306	-278	-261	-220	-207
Net Debt Issued (Repaid)	-323	-306	-278	-261	-220	-199
Repurchase of Common Stock	-43	-37	-130	-123	-158	-122
Common Dividends Paid	-657.34	-1,595	-1,376	-844	-485	-485
Other Financing Activities	-65	-61	-10	-9	-6	-4
Financing Cash Flow	-3,184	-3,046	-1,794	-1,237	-869	-810
Foreign Exchange Rate Adjustments	-245	119	-138	159	110	-55
Miscellaneous Cash Flow Adjustments	-1	-	1	1	1	-
Net Cash Flow	842	1,017	1,402	2,528	1,978	345
Free Cash Flow	4,223	4,072	3,750	3,770	3,002	1,307
Free Cash Flow Growth	10.61%	8.59%	-0.53%	25.58%	129.69%	-23.42%
Free Cash Flow Margin	26.90%	26.84%	27.93%	32.49%	33.42%	20.46%
Free Cash Flow Per Share	40.22	38.81	35.77	35.93	28.60	12.46
Levered Free Cash Flow	3,738	3,685	3,065	3,092	2,859	1,042
Unlevered Free Cash Flow	3,777	3,721	3,100	3,121	2,879	1,060
Change in Working Capital	-58	-239	-794	73	346	-350

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