PostNL Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-16	17	55	-993	257
Depreciation & Amortization	131	129	124	115	111
Other Amortization	66	59	52	41	37
Loss (Gain) From Sale of Assets	-9	-2	-9	-5	-20
Asset Writedown & Restructuring Costs	40	-	1	-	1
Loss (Gain) on Equity Investments	-	4	4	1	-
Stock-Based Compensation	3	1	2	2	3
Other Operating Activities	-	-44	-30	1,038	-32
Change in Accounts Receivable	-22	-4	50	30	-23
Change in Inventory	1	-1	-2	-2	-2
Change in Accounts Payable	-14	-35	27	18	26
Change in Other Net Operating Assets	-38	44	-52	-5	92
Operating Cash Flow	141	169	206	239	475
Operating Cash Flow Growth	-16.57%	-17.96%	-13.81%	-49.68%	186.15%
Capital Expenditures	-35	-31	-52	-58	-85
Sale of Property, Plant & Equipment	8	16	1	12	10
Divestitures	10	-	-	-	44
Sale (Purchase) of Intangibles	-71	-69	-74	-80	-56
Investment in Securities	48	-151	-2	-2	-4
Other Investing Activities	20	22	23	3	2
Investing Cash Flow	-18	-211	-102	-122	-92
Short-Term Debt Issued	1	-	1	-	-
Long-Term Debt Issued	398	297	18	-	-
Total Debt Issued	399	297	19	-	-
Short-Term Debt Repaid	-205	-364	-4	-4	-5
Long-Term Debt Repaid	-89	-84	-128	-74	-69
Total Debt Repaid	-294	-448	-132	-78	-74
Net Debt Issued (Repaid)	105	-151	-113	-78	-74
Repurchase of Common Stock	-	-	-	-164	-
Common Dividends Paid	-15	-22	-29	-165	-113
Other Financing Activities	-	-	-	-1	1
Financing Cash Flow	90	-173	-142	-408	-186
Miscellaneous Cash Flow Adjustments	-1	-	-	-	-
Net Cash Flow	212	-215	-38	-291	197
Free Cash Flow	106	138	154	181	390
Free Cash Flow Growth	-23.19%	-10.39%	-14.92%	-53.59%	209.52%
Free Cash Flow Margin	3.19%	4.24%	4.87%	5.75%	11.25%
Free Cash Flow Per Share	0.21	0.28	0.31	0.37	0.77
Cash Interest Paid	35	28	20	20	21
Cash Income Tax Paid	-8	31	35	-1	76
Levered Free Cash Flow	57.88	64.13	79.75	-745.13	244.25
Unlevered Free Cash Flow	84.13	81	91	-735.13	253
Change in Working Capital	-73	4	23	41	93

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