INRE 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	-10.7	-11.05	-14.98	-15.12	-12.62	-2.5
Depreciation & Amortization	55.22	55.43	59.64	56.05	53.63	47.4
Other Amortization	2.78	2.75	2.44	2.39	3.84	1.63
Stock-Based Compensation	0.13	0.13	0.1	0.09	0.07	0.05
Change in Accounts Receivable	-1.32	-1.16	1.35	-2.44	-0.85	3.73
Change in Accounts Payable	-0.31	1.36	-1.34	0.96	0.72	0.11
Change in Other Net Operating Assets	-2.49	-3.02	-3.45	-2.02	0.16	-2.38
Other Operating Activities	-1.65	-1.75	-0.48	-0.5	-0.17	0.1
Operating Cash Flow	41.67	42.7	43.29	39.4	44.79	48.15
Operating Cash Flow Growth	-3.58%	-1.37%	9.88%	-12.03%	-6.98%	29.64%
Acquisition of Real Estate Assets	-19.79	-22.03	-13.91	-10.35	-290.28	-5.88
Net Sale / Acq. of Real Estate Assets	-19.79	-22.03	-13.91	-10.35	-290.28	-5.88
Other Investing Activities	-	-	-	-	-0.22	-
Investing Cash Flow	-19.79	-22.03	-13.91	-10.35	-290.51	-5.88
Long-Term Debt Issued	-	285.99	2	44.58	422.44	72.1
Long-Term Debt Repaid	-	-281.94	-11.34	-54.25	-162.69	-106.17
Total Debt Repaid	-298.58	-281.94	-11.34	-54.25	-162.69	-106.17
Net Debt Issued (Repaid)	2.41	4.05	-9.34	-9.67	259.75	-34.07
Issuance of Common Stock	-	-	5	6.98	7.29	3.75
Repurchase of Common Stock	-	-	-5	-5.97	-3.65	-2.78
Common Dividends Paid	-19.59	-19.59	-19.6	-19.64	-19.58	-9.77
Other Financing Activities	-3.6	-3.6	-	0.37	-6.14	-
Net Cash Flow	1.11	1.52	0.44	1.12	-8.05	-0.6
Cash Interest Paid	38.46	38.83	40.94	40.4	27.42	22.46
Levered Free Cash Flow	27.25	28.37	38.47	35.61	42.17	42.87
Unlevered Free Cash Flow	50.48	51.53	63.07	60.92	59.88	56.5
Change in Working Capital	-4.12	-2.82	-3.43	-3.5	0.03	1.47