VIE:MUV Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	5,685	4,606	5,313	2,933	1,211
Depreciation & Amortization	74	61	2,718	352	374
Other Amortization	174	139	134	154	138
Gain (Loss) on Sale of Assets	24	13	-7	-	-
Gain (Loss) on Sale of Investments	-	-	-	-2,716	-3,838
Change in Accounts Receivable	1,653	101	-8,976	-	-
Reinsurance Recoverable	268	-92	-225	-	-
Change in Insurance Reserves / Liabilities	-	-	-	10,652	5,264
Change in Other Net Operating Assets	-1,018	-2,020	-7,021	-3,481	1,621
Other Operating Activities	66	310	673	-1,179	2,515
Operating Cash Flow	3,143	2,543	3,972	5,226	7,219
Operating Cash Flow Growth	23.59%	-35.98%	-24.00%	-27.61%	-23.95%
Capital Expenditures	-167	-148	-140	-	-
Sale of Property, Plant & Equipment	13	36	46	-	-
Purchase / Sale of Intangible Assets	-60	-194	-204	-	-
Cash Acquisitions	-340	-48	14	-133	-2
Investment in Securities	-	-	-	-3,670	-6,089
Other Investing Activities	2	6	-9	5	-46
Investing Cash Flow	-505	-329	-270	-3,818	-6,135
Long-Term Debt Issued	1,487	-	-	-	-
Total Debt Repaid	-141	-134	-457	-	-
Net Debt Issued (Repaid)	1,346	-134	-457	-	-
Repurchases of Common Stock	-1,437	-1,041	-605	-	-359
Common Dividends Paid	-2,006	-1,583	-1,541	-1,373	-1,373
Other Financing Activities	-131	-225	-99	-308	1,409
Financing Cash Flow	-2,228	-2,983	-2,702	-1,681	-323
Foreign Exchange Rate Adjustments	122	-47	35	146	-134
Miscellaneous Cash Flow Adjustments	-	-1	-	-	-
Net Cash Flow	532	-817	1,035	-127	627
Free Cash Flow	2,976	2,395	3,832	5,226	7,219
Free Cash Flow Growth	24.26%	-37.50%	-26.67%	-27.61%	-23.95%
Free Cash Flow Margin	4.87%	4.14%	6.80%	8.23%	12.25%
Free Cash Flow Per Share	22.39	17.61	27.50	37.30	51.46
Cash Interest Paid	286	366	325	392	385
Cash Income Tax Paid	864	-51	604	1,094	263
Levered Free Cash Flow	6,439	4,911	-37,238	12,671	132.5
Unlevered Free Cash Flow	6,569	5,016	-37,058	12,891	351.25
Change in Working Capital	-5,739	-5,297	-9,861	5,682	6,819

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