CEZ, a. s. (PRA:CEZ)

CEZ, a. s. Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	28,890	28,107	29,163	29,524	80,786	9,791
Depreciation & Amortization	56,371	58,140	45,271	37,589	35,579	34,664
Other Amortization	2,182	2,182	1,916	1,402	1,085	1,074
Loss (Gain) on Sale of Assets	-242	-1,677	-210	-486	-92	1,487
Loss (Gain) on Sale of Investments	-	-	-	-	97	-
Loss (Gain) on Equity Investments	974	768	79	-832	-897	534
Asset Writedown	863	596	2,565	5,301	-2,667	13,805
Change in Accounts Receivable	-7,036	13,834	15,236	77,925	-38,091	-78,918
Change in Inventory	655	-2,053	2,209	3,002	-11,095	-2,466
Change in Accounts Payable	3,995	-3,590	-10,917	-29,005	-1,391	17,619
Change in Other Net Operating Assets	15,836	-13,608	38,485	-7,545	-173,678	96,077
Other Operating Activities	-12,307	-18,506	638	21,328	115,456	-34,511
Operating Cash Flow	90,181	64,193	124,435	138,203	5,092	59,156
Operating Cash Flow Growth	-11.98%	-48.41%	-9.96%	2614.12%	-91.39%	-18.02%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-66,753	-62,716	-54,116	-45,477	-33,948	-32,226
Sale of Property, Plant & Equipment	324	1,694	371	432	918	468
Cash Acquisitions	-12,955	-5,439	-20,723	-2,584	-1,864	-3,051
Divestitures	720	2,186	158	2,735	-12	28,770
Other Investing Activities	-2,339	-2,736	-2,432	-1,677	-2,237	-1,094
Investing Cash Flow	-81,031	-67,147	-76,653	-46,691	-36,712	-7,118

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	449,333	317,300	114,195	301,606	313,886
Long-Term Debt Repaid	-	-440,937	-306,037	-151,298	-232,985	-322,158
Net Debt Issued (Repaid)	33,128	8,396	11,263	-37,103	68,621	-8,272
Issuance of Common Stock	-	-	-	-	42	660
Common Dividends Paid	-25,202	-25,195	-27,935	-77,435	-25,626	-27,813
Other Financing Activities	-4,318	-2,248	-1,512	-2,413	-386	625
Financing Cash Flow	3,608	-19,047	-18,184	-116,951	42,651	-34,800

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-725	-1,210	-71	-278	-1,062	-767
Net Cash Flow	12,033	-23,211	29,527	-25,717	9,969	16,471

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	23,428	1,477	70,319	92,726	-28,856	26,930
Free Cash Flow Growth	-43.94%	-97.90%	-24.16%	-	-	-33.67%
Free Cash Flow Margin	7.26%	0.45%	20.65%	27.53%	-10.11%	11.97%
Free Cash Flow Per Share	43.67	2.75	130.99	172.74	-53.76	50.21
Levered Free Cash Flow	20,625	39,075	76,778	32,534	-39,955	98,528
Unlevered Free Cash Flow	30,779	48,809	85,912	41,027	-35,034	102,416

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	7,170	7,531	5,728	6,548	4,449	4,714
Cash Income Tax Paid	33,893	47,482	49,594	60,313	5,409	3,550
Change in Working Capital	13,450	-5,417	45,013	44,377	-224,255	32,312

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

Data Sources Report a data error