Vinci 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	4,903	4,863	4,702	4,259	2,597
Depreciation & Amortization	4,206	3,938	3,799	3,613	3,219
Other Amortization	-	60	-	-	-
Loss (Gain) From Sale of Assets	-63	-35	35	-68	-27
Asset Writedown & Restructuring Costs	-	8	8	-	19
Loss (Gain) on Equity Investments	-59	-260	-142	-42	-18
Stock-Based Compensation	318	230	131	162	84
Other Operating Activities	85	599	544	1,071	353
Change in Accounts Receivable	-	-277	-	-	-
Change in Inventory	-	165	-	-	-
Change in Accounts Payable	-	857	-	-	-
Change in Other Net Operating Assets	2,496	1,566	1,463	392	1,579
Operating Cash Flow	11,886	11,714	10,540	9,387	7,806
Operating Cash Flow Growth	1.47%	11.14%	12.28%	20.25%	16.94%
Capital Expenditures	-3,011	-2,878	-2,251	-2,621	-1,214
Sale of Property, Plant & Equipment	179	170	148	165	137
Cash Acquisitions	-1,091	-4,719	-507	-1,991	-3,936
Divestitures	290	122	110	23	9
Sale (Purchase) of Intangibles	-862	-1,174	-1,081	-880	-849
Other Investing Activities	-306	-293	-347	-58	-82
Investing Cash Flow	-5,112	-9,051	-3,977	-5,318	-5,902
Long-Term Debt Issued	5,651	4,117	3,004	2,786	1,791
Long-Term Debt Repaid	-5,186	-2,738	-2,858	-4,314	-2,826
Net Debt Issued (Repaid)	465	1,379	146	-1,528	-1,035
Issuance of Common Stock	771	668	709	491	739
Repurchase of Common Stock	-2,002	-1,912	-397	-1,100	-602
Common Dividends Paid	-2,665	-2,570	-2,293	-1,830	-1,528
Other Financing Activities	-839	-592	-1,598	1,131	-833
Financing Cash Flow	-4,270	-3,027	-3,433	-2,836	-3,259
Miscellaneous Cash Flow Adjustments	-141	-40	76	73	117
Net Cash Flow	2,363	-404	3,206	1,306	-1,238
Free Cash Flow	8,875	8,836	8,289	6,766	6,592
Free Cash Flow Growth	0.44%	6.60%	22.51%	2.64%	18.60%
Free Cash Flow Margin	11.72%	12.14%	11.86%	10.82%	13.12%
Free Cash Flow Per Share	15.66	15.32	14.41	11.86	11.45
Cash Income Tax Paid	-	2,220	2,288	1,603	1,213
Levered Free Cash Flow	7,713	6,764	7,055	5,767	5,978
Unlevered Free Cash Flow	8,813	7,913	8,015	6,273	6,428
Change in Working Capital	2,496	2,311	1,463	392	1,579

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