Canal+ Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-100	-147	-61	141	119	-
Depreciation & Amortization	369	366	379	358	350	-
Asset Writedown & Restructuring Costs	1	1	2	2	1	-
Other Operating Activities	259	183	187	-150	204	-
Change in Accounts Receivable	-76	-76	-2	139	-91	-
Change in Inventory	10	10	18	-29	3	-
Change in Accounts Payable	110	110	-34	-64	42	-
Change in Other Net Operating Assets	76	-34	11	8	26	-
Operating Cash Flow	649	413	500	405	654	-
Operating Cash Flow Growth	31.11%	-17.40%	23.46%	-38.07%	-	-
Capital Expenditures	-290	-282	-301	-336	-370	-
Sale of Property, Plant & Equipment	18	11	7	7	3	-
Cash Acquisitions	-88	-51	-9	-103	-28	-
Divestitures	-	-	-	-	1	-
Investment in Securities	8	-549	-440	-387	-145	-
Investing Cash Flow	-352	-871	-743	-819	-539	-
Short-Term Debt Issued	-	277	585	661	66	-
Long-Term Debt Issued	-	716	-	2	5	-
Total Debt Issued	565	993	585	663	71	-
Short-Term Debt Repaid	-	-335	-	-46	-49	-
Long-Term Debt Repaid	-	-59	-34	-32	-48	-
Total Debt Repaid	-535	-394	-34	-78	-97	-
Net Debt Issued (Repaid)	30	599	551	585	-26	-
Issuance of Common Stock	-	-	2	5	17	-
Other Financing Activities	-97	-104	-254	-85	-66	-
Financing Cash Flow	-87	495	299	505	-75	-
Foreign Exchange Rate Adjustments	17	5	-5	-	1	-
Miscellaneous Cash Flow Adjustments	1	-	-	-	-1	-
Net Cash Flow	228	42	51	91	40	-
Free Cash Flow	359	131	199	69	284	-
Free Cash Flow Growth	61.71%	-34.17%	188.41%	-75.70%	-	-
Free Cash Flow Margin	5.66%	2.03%	3.20%	1.15%	4.84%	-
Free Cash Flow Per Share	0.36	0.13	0.20	-	-	-
Cash Interest Paid	43	50	171	41	28	-
Cash Income Tax Paid	87	127	141	167	92	-
Levered Free Cash Flow	595.38	318.13	308.13	62.75	-	-
Unlevered Free Cash Flow	620.38	345.63	410.63	86.5	-	-
Change in Working Capital	120	10	-7	54	-20	-

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