ELI:RENE 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	159.81	152.51	149.24	111.77	97.15	Upgrade
Depreciation & Amortization	266.97	254.69	253.2	249.28	241.94	Upgrade
Other Operating Activities	115.9	213.73	-772.4	252.42	360.94	Upgrade
Operating Cash Flow	542.69	620.93	-369.96	613.47	700.04	Upgrade
Operating Cash Flow Growth	-12.60%	-	-	-12.37%	86.05%	Upgrade
Capital Expenditures	-21.62	-11.34	-5.13	-6.27	-4.84	Upgrade
Cash Acquisitions	-115.96	-	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-361.85	-287.96	-244.54	-201.57	-196.76	Upgrade
Investment in Securities	0.18	0.4	-5.77	0.39	13.4	Upgrade
Other Investing Activities	125.75	81.82	91.01	105.44	28.53	Upgrade
Investing Cash Flow	-373.51	-217.08	-164.43	-102.01	-159.67	Upgrade
Long-Term Debt Issued	6,448	6,273	3,758	1,165	2,035	Upgrade
Long-Term Debt Repaid	-6,453	-6,489	-3,382	-1,525	-2,083	Upgrade
Net Debt Issued (Repaid)	-5.14	-216.39	375.48	-360.47	-48.38	Upgrade
Common Dividends Paid	-104.14	-102.15	-102.15	-144.6	-113.43	Upgrade
Other Financing Activities	-70.67	-83.5	-61.78	-40.57	-39.75	Upgrade
Financing Cash Flow	-179.95	-402.04	211.55	-545.64	-201.56	Upgrade
Foreign Exchange Rate Adjustments	-3.58	-1.98	-2.31	0.72	-1.22	Upgrade
Miscellaneous Cash Flow Adjustments	-	-0	-	-	-	Upgrade
Net Cash Flow	-14.34	-0.17	-325.15	-33.47	337.59	Upgrade
Free Cash Flow	521.06	609.59	-375.09	607.2	695.2	Upgrade
Free Cash Flow Growth	-14.52%	-	-	-12.66%	91.90%	Upgrade
Free Cash Flow Margin	49.16%	61.51%	-39.51%	77.15%	86.33%	Upgrade
Free Cash Flow Per Share	0.79	0.92	-0.56	0.92	1.05	Upgrade
Cash Interest Paid	71.37	70.55	65.23	40.57	39.75	Upgrade
Cash Income Tax Paid	10.63	-20.75	31.37	77.97	74.25	Upgrade
Levered Free Cash Flow	147.27	200.35	-613.1	470.05	435.84	Upgrade
Unlevered Free Cash Flow	185.72	251.18	-571.88	500.81	464.49	Upgrade

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