UniCredit 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	10,915	9,719	9,507	6,458	2,096	Upgrade
Depreciation & Amortization	569	1,306	1,625	1,148	1,274	Upgrade
Other Amortization	544	-	-	-	-	Upgrade
Gain (Loss) on Sale of Assets	1	-	-	-11	-	Upgrade
Gain (Loss) on Sale of Investments	581	2,968	907	-4,889	-2,867	Upgrade
Total Asset Writedown	166	-	-	125	-	Upgrade
Provision for Credit Losses	2,728	2,897	3,147	4,672	3,715	Upgrade
Change in Trading Asset Securities	-2,177	-16,904	-12,210	34,314	3,952	Upgrade
Change in Other Net Operating Assets	-7,509	-11,270	-47,087	-32,830	-18,894	Upgrade
Other Operating Activities	2,707	4,208	2,983	1,236	2,987	Upgrade
Operating Cash Flow	8,525	-7,076	-41,128	10,264	-7,521	Upgrade
Capital Expenditures	-719	-1,250	-589	-517	-522	Upgrade
Sale of Property, Plant and Equipment	330	282	272	393	392	Upgrade
Cash Acquisitions	-499	220	-	-	-99	Upgrade
Investment in Securities	-2,885	4	-18	380	66	Upgrade
Divestitures	26	-	3	24	29	Upgrade
Purchase / Sale of Intangibles	-545	-488	-561	-653	-715	Upgrade
Other Investing Activities	273	167	106	136	150	Upgrade
Investing Cash Flow	-4,019	-1,065	-787	-237	-699	Upgrade
Repurchase of Common Stock	-2,948	-6,040	-6,013	-3,543	-634	Upgrade
Common Dividends Paid	-5,007	-4,950	-2,440	-1,702	-774	Upgrade
Other Financing Activities	-2	-	-	-306	-	Upgrade
Financing Cash Flow	-7,957	-10,990	-8,453	-5,551	-1,408	Upgrade
Foreign Exchange Rate Adjustments	464	-427	-408	-107	32	Upgrade
Net Cash Flow	-2,987	-19,558	-50,776	4,369	-9,596	Upgrade
Free Cash Flow	7,806	-8,326	-41,717	9,747	-8,043	Upgrade
Free Cash Flow Margin	31.16%	-34.70%	-181.72%	53.94%	-56.30%	Upgrade
Free Cash Flow Per Share	5.04	-5.08	-22.55	4.67	-3.60	Upgrade

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