Varia US Properties AG Cash Flow Statement

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

Millions USD. 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	-31.75	-17.51	-139.01	122.6	156.01
Asset Writedown	33.98	35.61	174.26	-153.69	-197.37
Change in Accounts Receivable	0.69	3.4	-4.38	0.32	-0.3
Change in Accounts Payable	-9.15	1.34	-2.62	-3.26	5.44
Change in Other Net Operating Assets	2.92	2.57	-4	1	5.7
Other Operating Activities	32.54	28.69	13.69	72.28	73.73
Operating Cash Flow	28.85	54.17	38.24	38.83	44.08
Operating Cash Flow Growth	-46.74%	41.67%	-1.52%	-11.91%	23.18%
Acquisition of Real Estate Assets	-9.28	-33.89	-36.84	-366.55	-434.44
Sale of Real Estate Assets	122.9	104.2	266.33	228.5	148.03
Net Sale / Acq. of Real Estate Assets	113.62	70.31	229.48	-138.05	-286.42
Investing Cash Flow	113.62	70.31	229.48	-138.05	-286.42
Short-Term Debt Issued	-	-	-	-	5.5
Long-Term Debt Issued	31.4	-	50.32	442.67	342.91
Total Debt Issued	31.4	-	50.32	442.67	348.41
Long-Term Debt Repaid	-149.45	-60.83	-232.59	-264.81	-70.82
Total Debt Repaid	-149.45	-60.83	-232.59	-264.81	-70.82
Net Debt Issued (Repaid)	-118.05	-60.83	-182.26	177.86	277.59
Issuance of Common Stock	-	-	-	-	0.01
Repurchase of Common Stock	-11.72	-23.03	-69.89	-33.32	-29.93
Other Financing Activities	-35.63	-42.4	-47.38	-47.48	-35.73
Foreign Exchange Rate Adjustments	0.16	0.05	1.26	-0.87	-1.53
Net Cash Flow	-22.78	-1.74	-30.56	-3.03	-31.94
Cash Interest Paid	38.15	43.54	48.08	39.53	29.04
Cash Income Tax Paid	3.44	2.37	-0.17	2.69	7.39
Levered Free Cash Flow	-47.59	-4.89	39.17	-23.52	19.56
Unlevered Free Cash Flow	-23.21	21.08	68.69	3.99	38.34
Change in Working Capital	-5.93	7.38	-10.7	-2.36	11.71

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