UniCredit 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	10,915	9,719	9,507	6,458	2,096
Depreciation & Amortization	569	1,306	1,625	1,148	1,274
Other Amortization	544	-	-	-	-
Gain (Loss) on Sale of Assets	1	-	-	-11	-
Gain (Loss) on Sale of Investments	581	2,968	907	-4,889	-2,867
Total Asset Writedown	166	-	-	125	-
Provision for Credit Losses	2,728	2,897	3,147	4,672	3,715
Change in Trading Asset Securities	-2,177	-16,904	-12,210	34,314	3,952
Change in Other Net Operating Assets	-7,509	-11,270	-47,087	-32,830	-18,894
Other Operating Activities	2,707	4,208	2,983	1,236	2,987
Operating Cash Flow	8,525	-7,076	-41,128	10,264	-7,521
Capital Expenditures	-719	-1,250	-589	-517	-522
Sale of Property, Plant and Equipment	330	282	272	393	392
Cash Acquisitions	-499	220	-	-	-99
Investment in Securities	-2,885	4	-18	380	66
Divestitures	26	-	3	24	29
Purchase / Sale of Intangibles	-545	-488	-561	-653	-715
Other Investing Activities	273	167	106	136	150
Investing Cash Flow	-4,019	-1,065	-787	-237	-699
Repurchase of Common Stock	-2,948	-6,040	-6,013	-3,543	-634
Common Dividends Paid	-5,007	-4,950	-2,440	-1,702	-774
Other Financing Activities	-2	-	-	-306	-
Financing Cash Flow	-7,957	-10,990	-8,453	-5,551	-1,408
Foreign Exchange Rate Adjustments	464	-427	-408	-107	32
Net Cash Flow	-2,987	-19,558	-50,776	4,369	-9,596
Free Cash Flow	7,806	-8,326	-41,717	9,747	-8,043
Free Cash Flow Margin	31.16%	-34.70%	-181.72%	53.94%	-56.30%
Free Cash Flow Per Share	5.04	-5.08	-22.55	4.67	-3.60

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