Better Collective 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	23.59	34.01	39.84	48.08	17.29
Depreciation & Amortization	40.67	41.07	28.24	14.67	8.59
Asset Writedown & Restructuring Costs	-	-	-	-	1.69
Stock-Based Compensation	2.7	1.24	2.51	1.94	1.2
Other Operating Activities	-5.48	-13.19	12.7	0.47	6.83
Change in Accounts Receivable	-9.83	-5.02	4.22	-23.02	-8.42
Change in Accounts Payable	-2.09	-12.5	5.59	3.23	4.39
Change in Other Net Operating Assets	1.63	3.88	-4.09	2.84	-0.01
Operating Cash Flow	51.18	49.5	89.01	48.2	31.56
Operating Cash Flow Growth	3.41%	-44.39%	84.67%	52.72%	18.32%
Capital Expenditures	-0.35	-3.94	-5.14	-1.8	-0.69
Sale of Property, Plant & Equipment	-	-	0	0.02	0.97
Cash Acquisitions	-9.69	-120.45	-57.28	-14.34	-207.9
Sale (Purchase) of Intangibles	-24.74	-33.53	-27.47	-96.45	-11.59
Investment in Securities	-	3.23	-14.93	-	-
Other Investing Activities	0.1	-0.14	-1.43	-0.06	-0.01
Investing Cash Flow	-34.68	-154.83	-106.25	-112.63	-219.22
Long-Term Debt Issued	-	124.2	45.49	296.67	139.37
Long-Term Debt Repaid	-4.56	-140.71	-4.3	-217.27	-88.22
Net Debt Issued (Repaid)	-4.56	-16.51	41.19	79.4	51.16
Issuance of Common Stock	-	146.36	2.03	0.62	148.89
Repurchase of Common Stock	-35.59	-20.34	-13.38	-14.25	-8.14
Other Financing Activities	-0.41	-10.36	-0.51	-0.03	-3.15
Financing Cash Flow	-40.56	99.15	29.33	65.74	188.76
Foreign Exchange Rate Adjustments	-0.13	-0.25	-0.04	0.1	0.94
Miscellaneous Cash Flow Adjustments	-	0.55	0	-	-
Net Cash Flow	-24.18	-5.88	12.06	1.4	2.04
Free Cash Flow	50.84	45.56	83.87	46.4	30.88
Free Cash Flow Growth	11.59%	-45.68%	80.76%	50.27%	17.78%
Free Cash Flow Margin	15.10%	12.26%	25.67%	17.23%	17.44%
Free Cash Flow Per Share	0.78	0.71	1.45	0.82	0.58
Cash Interest Paid	14.67	19.5	10.71	5.67	4.69
Cash Income Tax Paid	16.01	16.73	15.41	16.24	12.65
Levered Free Cash Flow	34.73	26.19	56	-77.3	47
Unlevered Free Cash Flow	42.16	35.79	63.85	-74.81	48.38
Change in Working Capital	-10.3	-13.64	5.72	-16.95	-4.04

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