UniCredit Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	9,719	9,507	6,458	2,096
Depreciation & Amortization	681	1,625	1,148	1,274
Other Amortization	537	-	-	-
Gain (Loss) on Sale of Assets	-	-	-11	-
Gain (Loss) on Sale of Investments	2,968	907	-4,889	-2,867
Total Asset Writedown	88	-	125	-
Provision for Credit Losses	2,897	3,147	4,672	3,715
Change in Trading Asset Securities	-18,205	-13,358	34,314	3,952
Change in Other Net Operating Assets	-9,969	-45,939	-32,830	-18,894
Other Operating Activities	4,208	2,983	1,236	2,987
Operating Cash Flow	-7,076	-41,128	10,264	-7,521
Capital Expenditures	-1,250	-589	-517	-522
Sale of Property, Plant and Equipment	282	272	393	392
Cash Acquisitions	220	-	-	-99
Investment in Securities	4	-18	380	66
Divestitures	-	3	24	29
Purchase / Sale of Intangibles	-488	-561	-653	-715
Other Investing Activities	167	106	136	150
Investing Cash Flow	-1,065	-787	-237	-699
Repurchase of Common Stock	-6,040	-6,013	-3,543	-634
Common Dividends Paid	-4,950	-2,440	-1,702	-774
Other Financing Activities	-	-	-306	-
Financing Cash Flow	-10,990	-8,453	-5,551	-1,408
Foreign Exchange Rate Adjustments	-427	-408	-107	32
Net Cash Flow	-19,558	-50,776	4,369	-9,596
Free Cash Flow	-8,326	-41,717	9,747	-8,043
Free Cash Flow Margin	-34.70%	-181.72%	53.94%	-56.30%
Free Cash Flow Per Share	-5.08	-22.55	4.67	-3.60

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.