Banca Generali 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	FY 2021	2020 - 2016
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	2020 - 2016
Net Income	445.85	431.23	326.14	213.03	323.1	Upgrade
Depreciation & Amortization	32.76	45.34	42.77	39.51	26.65	Upgrade
Other Amortization	19.45	-	-	-	11.68	Upgrade
Gain (Loss) on Sale of Investments	11.29	-10.3	-5.43	9.7	-3.7	Upgrade
Provision for Credit Losses	19.44	-1.84	0.53	8.33	2.52	Upgrade
Change in Trading Asset Securities	-2,099	-498.79	135.76	1,411	176.37	Upgrade
Change in Other Net Operating Assets	250.68	-99.01	1,346	-3,624	-1,874	Upgrade
Other Operating Activities	-216.31	-36.48	-35.23	-24.43	-4.44	Upgrade
Net Cash from Discontinued Operations	2.43	-	-	-0.16	-	Upgrade
Operating Cash Flow	-1,533	-169.85	1,811	-1,967	-1,342	Upgrade
Capital Expenditures	-1.76	-2.93	-1.5	-1.38	-2	Upgrade
Cash Acquisitions	-65.66	-1.42	-	-	108.92	Upgrade
Investment in Securities	-1.6	-1.97	0.09	-0.8	-0.6	Upgrade
Divestitures	-	-	-	0.13	-	Upgrade
Purchase / Sale of Intangibles	-24.99	-21.41	-26.06	-18.46	-12.97	Upgrade
Investing Cash Flow	-94.02	-27.73	-27.47	-20.5	93.36	Upgrade
Issuance of Common Stock	-	50	-	-	-	Upgrade
Repurchase of Common Stock	-18.67	-9.94	-12.25	-24.39	-25.98	Upgrade
Common Dividends Paid	-321.89	-253.3	-210.48	-209.08	-285.4	Upgrade
Net Increase (Decrease) in Deposit Accounts	1,322	847.95	-1,716	1,375	2,514	Upgrade
Financing Cash Flow	981.87	634.71	-1,938	1,141	2,203	Upgrade
Net Cash Flow	-645.57	437.14	-155.27	-846.1	954.39	Upgrade
Free Cash Flow	-1,535	-172.78	1,809	-1,968	-1,344	Upgrade
Free Cash Flow Margin	-153.16%	-17.30%	225.43%	-306.36%	-187.26%	Upgrade
Free Cash Flow Per Share	-13.46	-1.51	15.86	-17.18	-11.68	Upgrade

Source: S&P Capital IQ. Banks template. Financial Sources.