MICC 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	307	595	509	527
Depreciation & Amortization	338	376	357	372
Stock-Based Compensation	35	32	20	18
Other Adjustments	34	40	-28	77
Change in Receivables	-1,514	41	30	-196
Changes in Inventories	-49	3	54	-228
Changes in Accounts Payable	1,332	26	-28	151
Operating Cash Flow	483	1,113	914	721
Operating Cash Flow Growth	-56.60%	21.77%	26.77%	-
Capital Expenditures	-357	-321	-278	-293
Sale of Property, Plant & Equipment	30	22	27	37
Purchases of Intangible Assets	-3	-	-2	-2
Purchases of Investments	-	-	-	-1
Proceeds from Sale of Investments	-	-1	2	-
Payments for Business Acquisitions	-	-61	-604	-
Other Investing Activities	15	2	1	1
Investing Cash Flow	-315	-359	-854	-258
Long-Term Debt Issued	3,078	2	-	23
Long-Term Debt Repaid	-	-	-3	-
Net Long-Term Debt Issued (Repaid)	3,078	2	-3	23
Common Dividends Paid	-83	-11	-	-
Other Financing Activities	-2,790	-728	-48	-493
Financing Cash Flow	205	-737	-51	-470
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-4	-	-2	-1
Net Cash Flow	373	17	9	-7
Free Cash Flow	126	792	636	428
Free Cash Flow Growth	-84.09%	24.53%	48.60%	-
FCF Margin	1.59%	9.97%	8.35%	5.70%
Free Cash Flow Per Share	0.20	-	-	-
Levered Free Cash Flow	4,635	665	594	534
Unlevered Free Cash Flow	1,675	692.54	635.45	556.86