BW Energy Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2018
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 - 2018
Net Income	133.1	165.9	81	45	52	Upgrade
Depreciation & Amortization	204.9	189.2	103.2	60.9	49.5	Upgrade
Loss (Gain) From Sale of Assets	-	-0.2	-	-	-	Upgrade
Stock-Based Compensation	2.1	1.5	1.3	1.1	0.4	Upgrade
Other Operating Activities	-21.2	13.5	-3.4	2.5	-0.5	Upgrade
Change in Other Net Operating Assets	-3.9	-22.2	-1.1	59	7.5	Upgrade
Operating Cash Flow	315	347.7	181	168.5	108.9	Upgrade
Operating Cash Flow Growth	-9.40%	92.10%	7.42%	54.73%	120.00%	Upgrade
Capital Expenditures	-334.8	-306.6	-273.4	-182	-40.7	Upgrade
Sale (Purchase) of Intangibles	-110.5	-34.7	-61.6	-57.9	-80.5	Upgrade
Investment in Securities	-5.3	-55.6	-	-	-	Upgrade
Other Investing Activities	16.3	16.3	8.3	1.7	0.7	Upgrade
Investing Cash Flow	-434.3	-380.6	-326.7	-238.2	-120.5	Upgrade
Long-Term Debt Issued	414.7	360	209	171	-	Upgrade
Long-Term Debt Repaid	-272.3	-233.8	-48.2	-31.6	-31.7	Upgrade
Net Debt Issued (Repaid)	142.4	126.2	160.8	139.4	-31.7	Upgrade
Issuance of Common Stock	-	-	-	-	75	Upgrade
Other Financing Activities	-94.4	-65.7	-31.7	-9.8	-1.4	Upgrade
Financing Cash Flow	48	60.5	129.1	129.6	41.9	Upgrade
Net Cash Flow	-71.3	27.6	-16.6	59.9	30.3	Upgrade
Free Cash Flow	-19.8	41.1	-92.4	-13.5	68.2	Upgrade
Free Cash Flow Margin	-2.54%	5.24%	-18.90%	-4.86%	25.12%	Upgrade
Free Cash Flow Per Share	-0.08	0.16	-0.36	-0.05	0.27	Upgrade
Cash Interest Paid	63.4	61.6	29	3.5	-	Upgrade
Cash Income Tax Paid	75.3	76.8	46.9	36.4	34.6	Upgrade
Levered Free Cash Flow	-153.69	-74.56	-92.55	-52.41	0.49	Upgrade
Unlevered Free Cash Flow	-132.69	-42.69	-89.36	-41.79	8.3	Upgrade
Change in Working Capital	-3.9	-22.2	-1.1	59	7.5	Upgrade

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