Naturgy Energy Group 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	2,023	1,901	1,986	1,649	1,214
Depreciation & Amortization	1,482	1,430	1,344	1,286	1,344
Other Amortization	119	112	110	98	101
Loss (Gain) on Sale of Assets	-	-10	-17	-	-
Loss (Gain) on Equity Investments	-142	-120	-90	-128	-90
Asset Writedown	11	-18	288	148	17
Change in Accounts Receivable	524	-575	2,328	-246	-2,105
Change in Inventory	13	301	370	-578	-243
Change in Accounts Payable	77	332	-1,870	552	1,231
Other Operating Activities	418	639	408	1,461	-468
Operating Cash Flow	4,525	3,992	4,857	4,242	1,001
Operating Cash Flow Growth	13.35%	-17.81%	14.50%	323.78%	-70.83%
Capital Expenditures	-2,149	-2,197	-2,424	-1,687	-1,204
Sale of Property, Plant & Equipment	10	19	42	162	207
Cash Acquisitions	-3	-15	-611	-17	317
Divestitures	17	-	-	24	2,643
Investment in Securities	7	58	178	-42	-128
Other Investing Activities	249	314	76	74	61
Investing Cash Flow	-1,869	-1,821	-2,739	-1,486	1,896
Long-Term Debt Issued	3,574	5,444	1,869	783	1,632
Long-Term Debt Repaid	-4,213	-3,585	-2,488	-1,625	-2,735
Net Debt Issued (Repaid)	-639	1,859	-619	-842	-1,103
Issuance of Common Stock	1,391	-	-	-	-
Repurchase of Common Stock	-2,580	-510	-20	-503	-29
Common Dividends Paid	-1,117	-960.71	-960.67	-672.58	-1,290
Other Financing Activities	-166	-243	-183	-356	-429
Financing Cash Flow	-3,670	-239	-2,263	-2,854	-2,851
Foreign Exchange Rate Adjustments	-239	8	-154	118	49
Miscellaneous Cash Flow Adjustments	-16	-	-	-	-57
Net Cash Flow	-1,269	1,940	-299	20	38
Free Cash Flow	2,376	1,795	2,433	2,555	-203
Free Cash Flow Growth	32.37%	-26.22%	-4.78%	-	-
Free Cash Flow Margin	12.21%	9.32%	10.76%	7.52%	-0.92%
Free Cash Flow Per Share	2.55	1.87	2.53	2.66	-0.21
Cash Interest Paid	681	703	650	520	488
Cash Income Tax Paid	774	663	377	762	864
Levered Free Cash Flow	1,245	1,660	911.13	568.25	4,436
Unlevered Free Cash Flow	1,687	2,103	1,333	923.25	4,755
Change in Working Capital	614	58	828	-272	-1,117

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