Orange S.A. (ORAN)

Orange Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	2,440	2,146	233	4,822	3,004
Depreciation & Amortization	8,963	8,649	8,639	8,573	8,399
Share-Based Compensation	16	14	179	23	55
Other Operating Activities	635	426	2,185	-721	-1,268
Operating Cash Flow	12,054	11,235	11,236	12,697	10,190
Operating Cash Flow Growth	7.29%	-0.01%	-11.51%	24.60%	7.20%
Capital Expenditures	-7,646	-8,283	-8,604	-7,214	-7,615
Acquisitions	-2,802	-47	470	-56	-484
Change in Investments	3,907	-4,354	3,754	3,236	-3,795
Other Investing Activities	-467	2,236	-1,596	-1,530	2,524
Investing Cash Flow	-7,008	-10,448	-5,976	-5,564	-9,370
Dividends Paid	-1,862	-1,861	-2,127	-1,595	-1,857
Share Issuance / Repurchase	-15	34	-387	7	-61
Debt Issued / Paid	-2,754	-1,862	-3,080	-3,385	1,470
Other Financing Activities	-834	346	760	-437	472
Financing Cash Flow	-5,465	-3,343	-4,834	-5,410	24
Net Cash Flow	-419	-2,556	427	1,724	844
Free Cash Flow	4,408	2,952	2,632	5,483	2,575
Free Cash Flow Growth	49.32%	12.16%	-52.00%	112.93%	45.73%
Free Cash Flow Margin	9.99%	6.79%	6.19%	12.97%	6.10%
Free Cash Flow Per Share	1.66	1.11	0.99	2.06	0.97

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).