BME:SLR 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	137.39	88.61	107.51	90.05	48.04	Upgrade
Depreciation & Amortization	48.4	43.64	31.48	24.97	20.36	Upgrade
Other Amortization	0.02	0.02	-	0.02	0.02	Upgrade
Change in Accounts Receivable	-18.81	-11.53	-17.58	-14.44	-11.45	Upgrade
Change in Accounts Payable	2.98	-9.04	-40.5	2.93	25.76	Upgrade
Other Operating Activities	-31.82	3.62	17.17	15.13	11.28	Upgrade
Operating Cash Flow	138.16	115.32	98.08	118.65	94.02	Upgrade
Operating Cash Flow Growth	19.81%	17.57%	-17.34%	26.21%	97.71%	Upgrade
Capital Expenditures	-398.26	-187.39	-328.61	-331.47	-195.26	Upgrade
Investing Cash Flow	-398.26	-187.39	-328.61	-331.47	-195.26	Upgrade
Long-Term Debt Issued	396.55	155.26	216.76	259.91	192.36	Upgrade
Long-Term Debt Repaid	-72.34	-106.14	-59.6	-49.28	-19.57	Upgrade
Net Debt Issued (Repaid)	324.21	49.12	157.16	210.62	172.79	Upgrade
Issuance of Common Stock	61.53	-	-	-	-	Upgrade
Repurchase of Common Stock	-106.66	-	-	-	-	Upgrade
Financing Cash Flow	279.08	49.12	157.16	210.62	172.79	Upgrade
Miscellaneous Cash Flow Adjustments	-	-0	-	-	-	Upgrade
Net Cash Flow	18.98	-22.95	-73.36	-2.19	71.54	Upgrade
Free Cash Flow	-260.1	-72.07	-230.53	-212.82	-101.24	Upgrade
Free Cash Flow Margin	-85.86%	-34.24%	-100.23%	-127.17%	-91.60%	Upgrade
Free Cash Flow Per Share	-2.08	-0.58	-1.84	-1.70	-0.81	Upgrade
Cash Interest Paid	44.65	37.06	33.96	14.19	12.42	Upgrade
Cash Income Tax Paid	12.87	-0.62	9.76	2.74	1.26	Upgrade
Levered Free Cash Flow	-260.28	-20.31	-280.02	-259.54	-128.98	Upgrade
Unlevered Free Cash Flow	-230.12	3.5	-258.66	-246.18	-117.65	Upgrade
Change in Working Capital	-15.83	-20.57	-58.08	-11.51	14.31	Upgrade

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