AD Cash Flow Statement

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

Millions USD. 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	16.23	-39	54	30	155	229
Depreciation & Amortization	665.8	665	656	700	678	683
Loss (Gain) From Sale of Assets	10.55	21	15	18	21	20
Asset Writedown & Restructuring Costs	47.45	136	-	3	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-	-2
Loss (Gain) on Equity Investments	27.27	8	-8	-13	-3	10
Stock-Based Compensation	54.48	55	23	24	27	32
Provision & Write-off of Bad Debts	100.4	97	104	132	56	72
Other Operating Activities	106.79	-15	57	47	79	136
Change in Accounts Receivable	-59.78	-48	-3	-258	-143	-62
Change in Inventory	21	21	62	-88	-27	16
Change in Accounts Payable	43.1	-19	-85	12	-57	145
Change in Income Taxes	-20.31	-4	-	121	-41	-57
Change in Other Net Operating Assets	-87.93	5	-9	104	57	15
Operating Cash Flow	524.42	883	866	832	802	1,237
Operating Cash Flow Growth	-42.27%	1.96%	4.09%	3.74%	-35.17%	70.86%
Capital Expenditures	-542.23	-537	-608	-602	-724	-989
Divestitures	5.44	-	-	-	-	26
Sale (Purchase) of Intangibles	-7.61	-20	-130	-585	-1,322	-201
Other Investing Activities	2,850	1	17	8	10	1
Investing Cash Flow	2,305	-556	-721	-1,179	-2,036	-1,163
Short-Term Debt Issued	-	-	-	110	-	-
Long-Term Debt Issued	-	40	315	800	1,342	1,125
Total Debt Issued	325	40	315	910	1,342	1,125
Short-Term Debt Repaid	-	-	-60	-50	-	-
Long-Term Debt Repaid	-	-248	-453	-329	-1,118	-108
Total Debt Repaid	-920.25	-248	-513	-379	-1,118	-108
Net Debt Issued (Repaid)	-595.25	-208	-198	531	224	1,017
Repurchase of Common Stock	-112.72	-65	-6	-48	-47	-34
Other Financing Activities	-96.99	-74	-70	-27	-35	-57
Financing Cash Flow	-2,792	-347	-274	456	142	926
Net Cash Flow	38.12	-20	-129	109	-1,092	1,000
Free Cash Flow	-17.81	346	258	230	78	248
Free Cash Flow Growth	-	34.11%	12.17%	194.87%	-68.55%	235.13%
Free Cash Flow Margin	-0.47%	9.18%	6.60%	5.52%	1.89%	6.14%
Free Cash Flow Per Share	-0.20	4.02	2.97	2.67	0.90	2.85
Cash Interest Paid	180	180	189	154	143	105
Cash Income Tax Paid	36	36	3	-116	6	-38
Levered Free Cash Flow	-523.75	178.25	-117.25	-299.63	-1,430	-370.38
Unlevered Free Cash Flow	-404.98	292.63	5.25	-197.75	-1,321	-300.38
Change in Working Capital	-103.91	-45	-35	-109	-211	57

Updated Nov 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.