CPI Europe AG Cash Flow Statement

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

Millions EUR. 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	514	133.66	-180.32	142.6	347.05
Gain (Loss) on Sale of Assets	16.5	-5.07	35.22	-5.44	-28.91
Gain (Loss) on Sale of Investments	-5.87	1.21	5.53	180.71	-85.55
Asset Writedown	-211.01	-12.57	377.01	106	-120.72
Income (Loss) on Equity Investments	-1.91	-2.42	-4.16	-26.9	-53.57
Change in Accounts Receivable	-15.29	-24.26	15.14	2.53	-16.54
Change in Accounts Payable	-2.06	36.8	69.76	-135.13	72.35
Change in Other Net Operating Assets	2.56	0.51	16.18	-21.36	13.93
Other Operating Activities	62.05	271.6	99.77	-275.24	77.33
Operating Cash Flow	361.32	400.46	434.22	-20.19	217.15
Operating Cash Flow Growth	-9.77%	-7.78%	-	-	46.84%
Acquisition of Real Estate Assets	-93.68	-107.04	-113.96	-204.24	-141.86
Sale of Real Estate Assets	331.91	375.12	322.26	67.32	103.91
Net Sale / Acq. of Real Estate Assets	238.23	268.08	208.3	-136.92	-37.95
Cash Acquisition	-359.34	-410.21	-1,024	241.43	-102.53
Investment in Marketable & Equity Securities	16.8	-	-6.17	-	-
Other Investing Activities	4.61	19.62	13.44	13.7	10.47
Investing Cash Flow	61.78	183.1	-554.49	156.56	9.51
Long-Term Debt Issued	326.86	425.49	1,001	565.07	213.41
Total Debt Issued	326.86	425.49	1,001	565.07	213.41
Long-Term Debt Repaid	-416.08	-654.41	-762.68	-928.83	-331.57
Total Debt Repaid	-416.08	-654.41	-762.68	-928.83	-331.57
Net Debt Issued (Repaid)	-89.22	-228.92	238.33	-363.76	-118.16
Repurchase of Common Stock	-	-	-	-10.13	-
Common Dividends Paid	-	-	-	-	-92.47
Other Financing Activities	-517.05	-523.07	-109.81	-62.83	-79.26
Foreign Exchange Rate Adjustments	-28.55	3	4.17	-2.1	-1.04
Net Cash Flow	-211.71	-165.44	12.42	-302.45	-64.27
Cash Interest Paid	167.19	207.22	155.65	57.49	57.06
Cash Income Tax Paid	65.31	20.29	21.86	11.08	6
Levered Free Cash Flow	3.18	138.02	230.38	-411.39	206.77
Unlevered Free Cash Flow	122.19	318.28	386.24	-365.21	257.44
Change in Working Capital	-14.79	13.05	101.16	-159.23	69.85

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