EPA:ARTO 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	-	20.34	30.32	20.9	17.53	Upgrade
Depreciation & Amortization	-	2.39	2.05	2.23	0.61	Upgrade
Loss (Gain) From Sale of Assets	-	-5.97	-0.01	-0	-0	Upgrade
Other Operating Activities	-	-28.57	-15.1	-1.5	-3.61	Upgrade
Change in Accounts Receivable	-	5.35	-12.21	-6.08	0.53	Upgrade
Change in Inventory	-	3.08	-0.62	-7.19	-4.05	Upgrade
Change in Other Net Operating Assets	-	-7.43	6.35	1.45	6.76	Upgrade
Operating Cash Flow	-	-13.95	5.95	7.51	12.43	Upgrade
Operating Cash Flow Growth	-	-	-20.80%	-39.62%	-85.55%	Upgrade
Capital Expenditures	-	-0.81	-0.66	-1.11	-0.95	Upgrade
Sale of Property, Plant & Equipment	-	-	0.01	0	-	Upgrade
Divestitures	-	-	-	-	0.75	Upgrade
Sale (Purchase) of Intangibles	-	-1.81	-1.51	-1.72	-0.91	Upgrade
Investment in Securities	-	0	0	-0.09	1.29	Upgrade
Investing Cash Flow	-	-2.62	-2.15	-2.91	0.18	Upgrade
Long-Term Debt Issued	-	1.04	0.01	0.97	1.03	Upgrade
Long-Term Debt Repaid	-	-1.04	-2.35	-1.45	-1.16	Upgrade
Net Debt Issued (Repaid)	-	-0.01	-2.35	-0.49	-0.13	Upgrade
Issuance of Common Stock	-	8.59	-	7.14	-	Upgrade
Common Dividends Paid	-	-18.1	-18.1	-9.05	-9.05	Upgrade
Other Financing Activities	-	23.89	21.35	2.22	2.73	Upgrade
Financing Cash Flow	-	14.37	0.9	-0.18	-6.45	Upgrade
Foreign Exchange Rate Adjustments	-	0.03	-0.04	-0.02	0.15	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	0	-0	-	Upgrade
Net Cash Flow	-	-2.17	4.65	4.4	6.31	Upgrade
Free Cash Flow	-	-14.76	5.29	6.4	11.48	Upgrade
Free Cash Flow Growth	-	-	-17.32%	-44.28%	-85.14%	Upgrade
Free Cash Flow Margin	-	-9.18%	3.33%	4.32%	9.54%	Upgrade
Free Cash Flow Per Share	-	-55.46	19.87	24.03	43.13	Upgrade
Cash Income Tax Paid	-	13.35	1.74	1.18	3.03	Upgrade
Levered Free Cash Flow	-	-15.61	-5.28	-14.28	-6.13	Upgrade
Unlevered Free Cash Flow	-	-15.18	-4.85	-14.12	-6.01	Upgrade
Change in Working Capital	-	1	-6.47	-11.82	3.24	Upgrade

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