Element Fleet Management 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	279.13	387.14	345.6	302.67	281.32
Depreciation & Amortization	615.2	563.24	524.52	412.93	399.16
Other Amortization	100.27	94.71	82.05	70.96	66.96
Asset Writedown & Restructuring Costs	54.09	-	-	-	-
Loss (Gain) From Sale of Investments	-3.78	0.59	0.49	2.48	-6.87
Stock-Based Compensation	3.11	1.61	-	-	0.18
Provision & Write-off of Bad Debts	-	-	-	-	-4.37
Change in Other Net Operating Assets	-1,203	-1,156	-1,922	-619.35	1,249
Operating Cash Flow	-149.95	-107.16	-970.88	169.67	1,985
Operating Cash Flow Growth	-	-	-	-91.45%	-9.17%
Capital Expenditures	-18.08	-13.66	-16.7	-2.86	-4.77
Sale of Property, Plant & Equipment	0.12	0.56	0.67	1.43	0.6
Cash Acquisitions	-73.63	-81.36	-	-	-
Sale (Purchase) of Intangibles	-54.32	-63.35	-59.35	-48.03	-63.4
Investment in Securities	5.03	-0.03	0.48	0.69	-0.44
Other Investing Activities	1.63	-	-	0.28	0.09
Investing Cash Flow	-139.24	-157.85	-74.9	-48.48	-67.92
Long-Term Debt Issued	2,015	1,835	3,000	368.64	496.84
Long-Term Debt Repaid	-1,150	-989.32	-1,687	-7.26	-1,855
Net Debt Issued (Repaid)	864.35	845.47	1,313	361.38	-1,358
Issuance of Common Stock	0.04	2.48	-	10.52	30.32
Repurchase of Common Stock	-119.96	-10.85	-54.58	-144.94	-420.66
Common Dividends Paid	-149.4	-	-	-	-
Dividends Paid	-149.4	-146.75	-133.52	-112.23	-113.45
Other Financing Activities	-84.05	-49.7	15.26	-9.51	-26.66
Financing Cash Flow	510.99	454.83	1,054	-5.61	-1,889
Foreign Exchange Rate Adjustments	-191.42	-157.39	37.03	-98.14	0.44
Net Cash Flow	30.37	32.43	45.57	17.44	28.83
Free Cash Flow	-168.03	-120.82	-987.58	166.81	1,980
Free Cash Flow Growth	-	-	-	-91.58%	-8.91%
Free Cash Flow Margin	-7.24%	-5.48%	-51.66%	11.52%	150.74%
Free Cash Flow Per Share	-0.42	-0.30	-2.44	0.40	4.51
Cash Interest Paid	498.42	544.71	400.3	197.65	135.11
Cash Income Tax Paid	89.13	120.82	57.38	42.86	38.27
Levered Free Cash Flow	185.73	654.38	-156.03	397.66	2,450
Unlevered Free Cash Flow	493.53	979.03	96.89	510.54	2,526
Change in Working Capital	-1,203	-1,156	-1,922	-619.35	1,249

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