Pkp Cargo 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	110.4	-2,864	119	191.8	-264.4
Depreciation & Amortization	3.9	2,770	791.7	733	722
Other Adjustments	55.9	220	17.3	124.7	128.4
Changes in Income Taxes Payable	4.9	1	-30	-14	-11.3
Changes in Other Operating Activities	-28	795.5	313	-17.1	125.1
Operating Cash Flow	147.1	921.9	1,211	1,018	699.8
Operating Cash Flow Growth	-84.04%	-23.87%	18.91%	45.53%	26.52%
Capital Expenditures	-303.6	-414.4	-1,359	-856.9	-808.5
Sale of Property, Plant & Equipment	124.8	5.9	357	75.9	158.4
Cash Acquisitions	-	-4	-	-	-
Other Investing Activities	10.5	59.3	14.9	8.1	4.5
Investing Cash Flow	-168.3	-353.2	-987.1	-772.9	-645.6
Short-Term Debt Repaid	-	-	-	-	-42.4
Net Short-Term Debt Issued (Repaid)	-	-	-	-	-42.4
Long-Term Debt Issued	-	152.7	392.2	141.4	323.9
Long-Term Debt Repaid	-21.7	-182.2	-360	-309	-348.6
Net Long-Term Debt Issued (Repaid)	-21.7	-29.5	32.2	-167.6	-24.7
Other Financing Activities	-187.3	-238	-165.6	-151.9	-39.3
Financing Cash Flow	-209	-267.5	-133.4	-319.5	-106.4
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.2	-0.5	-8.3	1	0.7
Net Cash Flow	-230.2	301.2	90.5	-74	-52.2
Free Cash Flow	-156.5	507.5	-148	161.5	-108.7
Free Cash Flow Growth	-	-	-	-	-
FCF Margin	-5.75%	11.38%	-2.69%	3.00%	-2.55%
Free Cash Flow Per Share	-3.49	11.33	-3.30	3.61	-2.43
Levered Free Cash Flow	-270.8	709.6	-170	-174.6	-265.1
Unlevered Free Cash Flow	-148.7	900.61	-83.26	102.19	-150.62