Billboard AD Cash Flow Statement

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

Millions BGN. 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	2.08	1.53	1.83	0.84	0.32	Upgrade
Depreciation & Amortization	2.48	2.4	2.35	2.17	2.09	Upgrade
Other Amortization	0.02	0.02	0.01	0.01	0.01	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	0.04	0.77	Upgrade
Other Operating Activities	0.41	1.62	0.77	0.48	1.1	Upgrade
Operating Cash Flow	4.98	5.57	4.96	3.54	4.28	Upgrade
Operating Cash Flow Growth	-10.68%	12.30%	40.30%	-17.46%	83.78%	Upgrade
Capital Expenditures	-5.63	-4.28	-1.14	-1.27	-1.44	Upgrade
Sale of Property, Plant & Equipment	0.43	0.4	0.6	0.35	0.02	Upgrade
Investment in Securities	-	-	-	-	-0.01	Upgrade
Other Investing Activities	0.02	-	-	0.01	0.01	Upgrade
Investing Cash Flow	-5.2	-3.87	-0.54	-1.74	-0.63	Upgrade
Long-Term Debt Issued	3.8	2.05	0.88	7.6	14.61	Upgrade
Long-Term Debt Repaid	-3.14	-3.43	-3.06	-9.12	-17.23	Upgrade
Net Debt Issued (Repaid)	0.66	-1.38	-2.18	-1.51	-2.62	Upgrade
Other Financing Activities	-0.37	-0.25	-0.24	-0.27	-0.88	Upgrade
Financing Cash Flow	0.29	-1.63	-2.42	-1.78	-3.49	Upgrade
Net Cash Flow	0.07	0.07	2	0.01	0.17	Upgrade
Free Cash Flow	-0.65	1.29	3.82	2.27	2.85	Upgrade
Free Cash Flow Growth	-	-66.19%	68.46%	-20.27%	147.78%	Upgrade
Free Cash Flow Margin	-1.76%	3.33%	10.43%	5.96%	9.16%	Upgrade
Free Cash Flow Per Share	-0.04	0.09	0.26	0.15	0.19	Upgrade
Cash Interest Paid	0.35	0.22	0.22	0.25	0.83	Upgrade
Cash Income Tax Paid	0.24	0.26	0.22	0.1	0.17	Upgrade
Levered Free Cash Flow	0.64	-1.7	2.96	0.77	2.24	Upgrade
Unlevered Free Cash Flow	0.83	-1.48	3.2	0.99	2.56	Upgrade

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