Wolters Kluwer 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	1,308	1,079	1,007	1,027	728
Depreciation & Amortization	477	454	440	432	421
Loss (Gain) From Sale of Assets	-250	-5	-4	-84	10
Asset Writedown & Restructuring Costs	-1	27	5	34	52
Loss (Gain) From Sale of Investments	-	-	-3	-	7
Loss (Gain) on Equity Investments	-2	-2	-1	-	-
Stock-Based Compensation	26	31	31	28	24
Other Operating Activities	6	-12	-28	-33	-100
Change in Accounts Receivable	-	-32	4	91	-94
Change in Inventory	-	9	-7	-11	-3
Change in Accounts Payable	-	41	21	24	120
Change in Unearned Revenue	-	64	80	77	127
Change in Other Net Operating Assets	104	-	-	-3	-
Operating Cash Flow	1,668	1,654	1,545	1,582	1,292
Operating Cash Flow Growth	0.85%	7.05%	-2.34%	22.45%	7.94%
Capital Expenditures	-303	-314	-324	-295	-240
Sale of Property, Plant & Equipment	-	1	1	-	1
Cash Acquisitions	-871	-335	-61	-92	-108
Divestitures	399	1	8	106	76
Other Investing Activities	1	-5	2	-18	-16
Investing Cash Flow	-774	-652	-374	-299	-287
Long-Term Debt Issued	1,925	1,237	977	631	500
Long-Term Debt Repaid	-1,156	-800	-991	-198	-168
Net Debt Issued (Repaid)	769	437	-14	433	332
Repurchase of Common Stock	-1,096	-1,000	-1,000	-1,000	-410
Common Dividends Paid	-563	-521	-467	-424	-372
Other Financing Activities	13	-2	-	-	-1
Financing Cash Flow	-877	-1,086	-1,481	-991	-451
Foreign Exchange Rate Adjustments	-71	40	-31	44	76
Net Cash Flow	-54	-44	-341	336	630
Free Cash Flow	1,365	1,340	1,221	1,287	1,052
Free Cash Flow Growth	1.87%	9.75%	-5.13%	22.34%	9.70%
Free Cash Flow Margin	22.29%	22.65%	21.87%	23.60%	22.05%
Free Cash Flow Per Share	5.89	5.62	4.96	5.03	4.02
Cash Interest Paid	-	94	84	70	72
Cash Income Tax Paid	358	318	325	289	277
Levered Free Cash Flow	1,019	1,158	977.75	1,135	911.75
Unlevered Free Cash Flow	1,079	1,223	1,033	1,180	953.63
Change in Working Capital	104	82	98	178	150

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