Varia US Properties AG (SWX:VARN)

Varia US Properties AG Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-8.6	-17.51	-139.01	122.6	156.01	35.52
Asset Writedown	8.18	35.61	174.26	-153.69	-197.37	-42.54
Change in Accounts Receivable	0.56	3.4	-4.38	0.32	-0.3	0.27
Change in Accounts Payable	-1.58	1.34	-2.62	-3.26	5.44	-0.63
Change in Other Net Operating Assets	-18.07	2.57	-4	1	5.7	-3.6
Other Operating Activities	40.3	28.69	13.69	72.28	73.73	46.75
Operating Cash Flow	20.68	54.17	38.24	38.83	44.08	35.78
Operating Cash Flow Growth	-53.15%	41.67%	-1.52%	-11.91%	23.18%	-6.60%
Acquisition of Real Estate Assets	-19.36	-33.89	-36.84	-366.55	-434.44	-69.19
Sale of Real Estate Assets	95.4	104.2	266.33	228.5	148.03	98.65
Net Sale / Acq. of Real Estate Assets	76.04	70.31	229.48	-138.05	-286.42	29.46
Investing Cash Flow	76.04	70.31	229.48	-138.05	-286.42	29.46
Short-Term Debt Issued	-	-	-	-	5.5	-
Long-Term Debt Issued	-	-	50.32	442.67	342.91	69.96
Total Debt Issued	-	-	50.32	442.67	348.41	69.96
Long-Term Debt Repaid	-	-60.83	-232.59	-264.81	-70.82	-40.53
Total Debt Repaid	-47.79	-60.83	-232.59	-264.81	-70.82	-40.53
Net Debt Issued (Repaid)	-47.79	-60.83	-182.26	177.86	277.59	29.43
Issuance of Common Stock	-	-	-	-	0.01	42.02
Repurchase of Common Stock	-17.51	-23.03	-69.89	-33.32	-29.93	-24.99
Other Financing Activities	-38.38	-42.4	-47.38	-47.48	-35.73	-31.62
Foreign Exchange Rate Adjustments	0.19	0.05	1.26	-0.87	-1.53	0.48
Net Cash Flow	-6.78	-1.74	-30.56	-3.03	-31.94	80.56
Cash Interest Paid	39.07	43.54	48.08	39.53	29.04	24.05
Cash Income Tax Paid	1.44	2.37	-0.17	2.69	7.39	0.72
Levered Free Cash Flow	-6.09	-4.89	39.17	-23.52	19.56	12.86
Unlevered Free Cash Flow	18.42	21.08	68.69	3.99	38.34	28.2
Change in Working Capital	-19.2	7.38	-10.7	-2.36	11.71	-3.94

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.