Ferrari Group 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	40.38	55.46	52.89	52.76	40.4	-
Depreciation & Amortization	19.4	17.36	13.63	10.04	8.59	-
Loss (Gain) From Sale of Assets	-0.38	-0.29	0.21	-0.11	-	-
Loss (Gain) From Sale of Investments	-	-	-	0.58	-	-
Loss (Gain) on Equity Investments	-0.6	-0.83	-0.95	-2.37	-1.75	-
Provision & Write-off of Bad Debts	-1.31	-1.31	0.43	0.8	1.16	-
Other Operating Activities	13.32	-11.61	3.07	6.27	11.84	-
Change in Accounts Receivable	16.43	16.5	2.56	4.05	-15.08	-
Change in Inventory	0.24	0.15	-0.07	0.83	-0.97	-
Change in Accounts Payable	-13.37	-3.18	1.67	-4.84	-8.92	-
Change in Other Net Operating Assets	-6.95	-9.6	-6.06	0.89	-3.14	-
Operating Cash Flow	67.16	62.64	67.38	68.91	32.13	-
Operating Cash Flow Growth	-6.08%	-7.03%	-2.22%	114.47%	-	-
Capital Expenditures	-9.77	-8.58	-9.5	-4.75	-4.39	-
Sale of Property, Plant & Equipment	0.92	0.66	0.25	0.69	17.43	-
Cash Acquisitions	-	-	-	0.19	2.41	-
Sale (Purchase) of Intangibles	-2.72	-4.1	-2.99	-0.19	-0.2	-
Investment in Securities	-0.8	-	-	-2.05	0.24	-
Other Investing Activities	1.65	-0.98	-0.62	-	0	-
Investing Cash Flow	-10.71	-13	-12.86	-6.11	15.49	-
Long-Term Debt Issued	-	0.22	0.21	0.58	0.18	-
Long-Term Debt Repaid	-	-12.28	-19.27	-12.96	-10.32	-
Net Debt Issued (Repaid)	-13.17	-12.06	-19.06	-12.39	-10.14	-
Common Dividends Paid	-18	-19.54	-20	-26.19	-8.96	-
Other Financing Activities	-2.92	-2.83	-5.07	-0	-	-
Financing Cash Flow	-34.08	-34.43	-44.12	-38.57	-19.1	-
Foreign Exchange Rate Adjustments	-3.04	1.81	-0.17	1.27	1.25	-
Net Cash Flow	19.33	17.02	10.23	25.5	29.77	-
Free Cash Flow	57.39	54.07	57.88	64.16	27.74	-
Free Cash Flow Growth	-9.55%	-6.59%	-9.79%	131.32%	-	-
Free Cash Flow Margin	16.15%	15.50%	17.38%	20.67%	11.74%	-
Free Cash Flow Per Share	0.74	0.70	0.75	0.83	0.36	-
Cash Interest Paid	1.54	1.71	2.26	1.48	0.73	-
Cash Income Tax Paid	15.37	24.57	15.74	16.2	7.63	-
Levered Free Cash Flow	36.74	49.87	40.21	57.19	11.35	-
Unlevered Free Cash Flow	37.67	50.9	41.01	57.88	11.92	-
Change in Working Capital	-3.66	3.87	-1.9	0.93	-28.11	-

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