Pkp Cargo Cash Flow Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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	-1,627	-2,413	82.1	148	-225.3	-224.3
Depreciation & Amortization	505.5	856.7	800.5	735.3	702.1	763.8
Loss (Gain) From Sale of Assets	-39.8	-10.7	-15.6	-18.8	-23.2	-9.2
Asset Writedown & Restructuring Costs	1,766	2,134	-8.8	-2.3	23.9	3.1
Other Operating Activities	-243.6	-373.2	39.8	173.3	97.2	7.3
Change in Accounts Receivable	110.5	110.5	107	-161.3	-27.3	1.9
Change in Inventory	42.1	42.1	9.4	21.9	23.6	30.6
Change in Accounts Payable	374.2	374.2	36.3	170.4	293.4	-67.9
Change in Other Net Operating Assets	-491.7	310.5	160.3	-48.1	-164.6	47.8
Operating Cash Flow	395.8	1,032	1,211	1,018	699.8	553.1
Operating Cash Flow Growth	-60.88%	-14.79%	18.91%	45.53%	26.52%	-31.42%
Capital Expenditures	-313.5	-452.4	-1,359	-856.9	-808.5	-719
Sale of Property, Plant & Equipment	130.6	14.7	357	75.9	158.4	60.3
Other Investing Activities	19.4	17	14.9	8.1	4.5	3.6
Investing Cash Flow	-163.5	-420.7	-987.1	-772.9	-645.6	-655.1
Long-Term Debt Issued	-	84	392.2	141.4	323.9	285.7
Long-Term Debt Repaid	-	-362.1	-526.5	-449.1	-477.1	-449.7
Net Debt Issued (Repaid)	-198.7	-278.1	-134.3	-307.7	-153.2	-164
Other Financing Activities	33.6	-3.4	0.9	-11.8	46.8	18.1
Financing Cash Flow	-165.1	-281.5	-133.4	-319.5	-106.4	-145.9
Foreign Exchange Rate Adjustments	2.3	-4.3	-8.3	1	0.7	3.5
Net Cash Flow	69.5	325.4	82.2	-73	-51.5	-244.4
Free Cash Flow	82.3	579.5	-148	161.5	-108.7	-165.9
Free Cash Flow Growth	-54.00%	-	-	-	-	-
Free Cash Flow Margin	2.14%	12.99%	-2.70%	3.00%	-2.55%	-4.07%
Free Cash Flow Per Share	1.84	12.94	-3.31	3.61	-2.43	-3.70
Cash Interest Paid	68.7	112.4	149.4	104.6	42.4	53
Cash Income Tax Paid	11	23.1	30	14	11.3	-42.9
Levered Free Cash Flow	-1,255	-376.29	-304.28	-87.26	43.65	-164.03
Unlevered Free Cash Flow	-1,175	-238.6	-177.28	1.86	75.84	-127.84
Change in Working Capital	35.1	837.3	313	-17.1	125.1	12.4

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