ETR:PAH3 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	2,651	-20,017	5,074	5,492	4,566	Upgrade
Depreciation & Amortization	1	1	1	1	1	Upgrade
Loss (Gain) From Sale of Investments	-2,948	19,878	-5,208	-5,263	-4,615	Upgrade
Other Operating Activities	985	1,570	2,023	562	759	Upgrade
Change in Other Net Operating Assets	11	-1	-17	-1	2	Upgrade
Operating Cash Flow	700	1,431	1,873	816	708	Upgrade
Operating Cash Flow Growth	-51.08%	-23.60%	129.53%	15.25%	-8.41%	Upgrade
Divestitures	-	-	-	201	-	Upgrade
Investment in Securities	-236	-277	-243	-7,487	-3	Upgrade
Other Investing Activities	1	-	-	-1	-1	Upgrade
Investing Cash Flow	-235	-277	-243	-7,287	-4	Upgrade
Long-Term Debt Issued	1,500	1,591	4,711	7,070	-	Upgrade
Long-Term Debt Repaid	-2,029	-771	-5,151	-1	-1	Upgrade
Net Debt Issued (Repaid)	-529	820	-440	7,069	-1	Upgrade
Common Dividends Paid	-584	-783	-783	-783	-676	Upgrade
Other Financing Activities	-	-	1	-	-14	Upgrade
Financing Cash Flow	-1,113	37	-1,222	6,286	-691	Upgrade
Miscellaneous Cash Flow Adjustments	-	1	-	-1	-1	Upgrade
Net Cash Flow	-648	1,192	408	-186	12	Upgrade
Free Cash Flow	700	1,431	1,873	816	708	Upgrade
Free Cash Flow Growth	-51.08%	-23.60%	129.53%	15.25%	-8.41%	Upgrade
Free Cash Flow Per Share	2.29	4.67	6.12	2.66	2.31	Upgrade
Cash Interest Paid	317	317	248	52	1	Upgrade
Cash Income Tax Paid	-3	-	-311	-	4	Upgrade
Levered Free Cash Flow	-553.88	-239.38	222	-75	-248.25	Upgrade
Unlevered Free Cash Flow	-359.5	-14.38	422	-35	-248.25	Upgrade
Change in Working Capital	11	-1	-17	-1	2	Upgrade

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