Enlight Renewable Energy Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	61.72	132.1	44.21	70.92	24.75	11.22
Depreciation & Amortization	166.86	149.92	108.89	65.8	42.27	20.5
Loss (Gain) From Sale of Assets	0.4	-96.43	-0.6	-	-	-
Loss (Gain) on Equity Investments	3.49	3.72	3.35	0.33	0.31	0.19
Stock-Based Compensation	13.86	10.47	8.36	4.97	8.67	3.98
Other Operating Activities	74.7	92.37	87.66	-8.17	36.14	28.61
Change in Accounts Receivable	-8.47	-27.37	-9.89	-2.84	-23.36	-6.94
Change in Accounts Payable	4.11	5.18	0.75	15.47	0.78	1.18
Change in Other Net Operating Assets	2.94	12.68	12.56	3.14	0.81	-6.71
Operating Cash Flow	319.59	282.65	255.28	149.62	90.38	52.02
Operating Cash Flow Growth	58.64%	10.72%	70.62%	65.55%	73.72%	34.04%
Capital Expenditures	-2,166	-1,813	-899.26	-730.98	-656.14	-492.76
Cash Acquisitions	0.67	-6.54	-32.78	-12.7	-60.95	-157.68
Divestitures	-1.93	34.3	1.87	-	-	-
Investment in Securities	-5.7	-6.48	-14.72	26.92	-12.71	-23.72
Other Investing Activities	-195.22	-389.59	16.2	-81.31	-90.2	36.02
Investing Cash Flow	-2,368	-2,181	-928.68	-798.07	-820	-644.64
Long-Term Debt Issued	-	2,025	1,118	707.24	606.92	867.31
Long-Term Debt Repaid	-	-562.34	-734.41	-224.57	-132.33	-335.24
Total Debt Repaid	-960.66	-562.34	-734.41	-224.57	-132.33	-335.24
Net Debt Issued (Repaid)	1,458	1,462	383.13	482.67	474.59	532.08
Issuance of Common Stock	710.07	290.75	0.02	266.46	206.63	175.1
Repurchase of Common Stock	-	-	-	-	-1.75	-
Other Financing Activities	376.29	253.39	287.95	106.17	5.27	45.13
Financing Cash Flow	2,544	2,006	671.1	855.31	684.74	752.31
Foreign Exchange Rate Adjustments	33.29	32.83	-8.32	3.08	-27.18	6.9
Miscellaneous Cash Flow Adjustments	-	-	-5.75	-	-	-
Net Cash Flow	529.23	141.07	-16.38	209.94	-72.06	166.6
Free Cash Flow	-1,846	-1,530	-643.98	-581.36	-565.77	-440.73
Free Cash Flow Margin	-344.90%	-313.13%	-170.39%	-227.36%	-294.41%	-430.15%
Free Cash Flow Per Share	-13.38	-11.54	-5.22	-4.69	-5.66	-4.49
Cash Interest Paid	100.13	86.86	74.89	54.47	33.12	24.38
Cash Income Tax Paid	14.78	14.27	11.25	12.24	3.7	3.5
Levered Free Cash Flow	-1,843	-1,600	-702.67	-662.42	-592.41	-400.98
Unlevered Free Cash Flow	-1,757	-1,523	-643.31	-625.33	-557.55	-381.73
Change in Working Capital	-1.42	-9.51	3.41	15.77	-21.76	-12.48

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