Ermenegildo Zegna N.V. (ZGN)

Ermenegildo Zegna Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	95.08	77.08	121.53	51.48	-136	-50.58
Depreciation & Amortization	235.56	224.75	193.17	171.88	154.68	166.21
Loss (Gain) From Sale of Assets	-	-	-	-1.12	1.15	1.09
Asset Writedown & Restructuring Costs	16.05	19.38	0.61	1.65	28.18	19.73
Loss (Gain) From Sale of Investments	-	-	-	-	-	4.53
Loss (Gain) on Equity Investments	-1.41	-1.06	2.95	-2.2	-2.79	4.21
Provision & Write-off of Bad Debts	-	-	-	-	-	3.64
Other Operating Activities	36.41	76.92	99	75.92	224.39	-25.58
Change in Accounts Receivable	-7.33	-12.57	-51.02	-15.62	-12.29	35.68
Change in Inventory	-11.02	-5.9	-72.77	-103.11	-27.55	-39.49
Change in Accounts Payable	-2.22	-13.1	11.67	43.51	31.43	-38.49
Change in Other Net Operating Assets	-96.73	-86.37	-29.77	-75.99	19.97	-10.03
Operating Cash Flow	264.4	279.13	275.38	146.4	281.16	70.91
Operating Cash Flow Growth	-8.28%	1.36%	88.11%	-47.93%	296.52%	-59.28%
Capital Expenditures	-94.23	-100.1	-57.03	-49.11	-79.7	-27.63
Sale of Property, Plant & Equipment	-	-	-	-	3.79	1.13
Cash Acquisitions	-4.7	-19.31	-117.69	-0.59	-4.22	-2.25
Sale (Purchase) of Intangibles	-25.18	-25.43	-20.84	-24.19	-14.63	-11.52
Investment in Securities	31.59	18.82	217.35	16.55	12.76	132.85
Investing Cash Flow	-94.32	-126.01	21.79	-57.34	-82	92.57
Long-Term Debt Issued	-	259.72	204.42	-	123.57	265.35
Long-Term Debt Repaid	-	-434.33	-431.88	-285.27	-265.11	-311.73
Net Debt Issued (Repaid)	-187.9	-174.61	-227.46	-285.27	-141.54	-46.38
Issuance of Common Stock	-	-	8.06	14.31	648.47	-
Repurchase of Common Stock	-	-	-	-	-455.38	-0.95
Common Dividends Paid	-30.29	-30.29	-25.03	-21.85	-0.1	-
Other Financing Activities	-10.48	-29.63	-6.07	-4.19	-115.55	-1.73
Financing Cash Flow	-228.67	-234.53	-250.49	-297	-64.11	-49.05
Foreign Exchange Rate Adjustments	-6.83	4.27	-4.72	2.46	7.45	-7.76
Net Cash Flow	-65.42	-77.15	41.96	-205.47	142.5	106.67
Free Cash Flow	170.17	179.03	218.35	97.28	201.46	43.28
Free Cash Flow Growth	-18.57%	-18.01%	124.44%	-51.71%	365.51%	-66.19%
Free Cash Flow Margin	8.89%	9.20%	11.46%	6.52%	15.59%	4.24%
Free Cash Flow Per Share	0.67	0.70	0.86	0.40	0.99	0.21
Cash Interest Paid	39.21	38.14	29.17	24.94	-	21.02
Cash Income Tax Paid	52.48	52.77	53.99	49.26	63.3	36.43
Levered Free Cash Flow	128.71	104.31	192.43	132.29	233.87	82.26
Unlevered Free Cash Flow	153.69	129.11	211.61	142.31	242.56	92.5
Change in Working Capital	-117.3	-117.94	-141.89	-151.22	11.55	-52.33

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q