Enter Air Cash Flow Statement

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

Millions PLN. 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	222.63	59.11	196.44	72.27	-117.12
Depreciation & Amortization	424.75	323.91	238.99	217.06	222.89
Loss (Gain) From Sale of Assets	2.37	-9.11	-	40.89	2.62
Asset Writedown & Restructuring Costs	-	-	-	-36.59	36.59
Loss (Gain) From Sale of Investments	-	-	-	-	-1.98
Loss (Gain) on Equity Investments	-15.01	6.13	-8.11	1.68	2.06
Other Operating Activities	-136.78	164.8	-24.58	89.51	106.25
Change in Accounts Receivable	28.21	-19.05	-48.6	-55.54	-40.32
Change in Inventory	-0.55	-3.8	-2.23	-0.34	-0.27
Change in Accounts Payable	25.17	37.11	-0.94	31.1	14.88
Change in Other Net Operating Assets	11.08	3.57	0.64	0.25	-0.11
Operating Cash Flow	561.86	562.67	351.61	360.31	225.49
Operating Cash Flow Growth	-0.14%	60.03%	-2.41%	59.79%	207.91%
Capital Expenditures	-85.45	-106.12	-13	-6.79	-1.49
Sale of Property, Plant & Equipment	67.68	84.66	-	21.31	1.34
Investment in Securities	-4.8	-17.61	-	-	-
Other Investing Activities	-17.85	-	0.22	-4.05	-0.91
Investing Cash Flow	-42.02	-39.07	-12.78	10.47	-1.06
Long-Term Debt Issued	-	103.19	31.32	-	287
Long-Term Debt Repaid	-405.57	-434.43	-313.63	-299.38	-312.93
Net Debt Issued (Repaid)	-405.57	-331.25	-282.31	-299.38	-25.93
Common Dividends Paid	-52.63	-77.19	-	-	-
Other Financing Activities	-110.22	-91.16	-69.49	-50	-9.49
Financing Cash Flow	-568.42	-499.6	-351.8	-349.38	-35.41
Foreign Exchange Rate Adjustments	-5.27	-0.16	-4.69	3.24	0.87
Net Cash Flow	-53.84	23.83	-17.66	24.64	189.89
Free Cash Flow	476.41	456.55	338.61	353.52	224
Free Cash Flow Growth	4.35%	34.83%	-4.22%	57.82%	317.95%
Free Cash Flow Margin	16.14%	15.60%	12.90%	15.67%	19.99%
Free Cash Flow Per Share	27.16	26.02	19.30	20.15	12.77
Cash Interest Paid	110.22	91.16	69.49	50	58.98
Cash Income Tax Paid	38.78	12.5	9.19	0.07	3.76
Levered Free Cash Flow	351.87	337.9	256.54	271.58	206.49
Unlevered Free Cash Flow	421.1	394.49	297.71	300.01	237.3
Change in Working Capital	63.9	17.83	-51.13	-24.52	-25.82

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