EPA:URW Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	772.2	146.2	-1,629	178.2	-972.1	-7,213	Upgrade
Depreciation & Amortization	151.4	127.6	49.3	15.1	87.5	126.9	Upgrade
Gain (Loss) on Sale of Assets	15.5	8.6	10.3	-30.9	-208.3	86.3	Upgrade
Gain (Loss) on Sale of Investments	-43.6	-69.8	-86.5	-7.7	-2.6	0.1	Upgrade
Asset Writedown	168.6	1,118	2,480	1,111	1,343	6,433	Upgrade
Stock-Based Compensation	24.5	23.8	18.9	17.8	12.5	12.8	Upgrade
Income (Loss) on Equity Investments	-408.1	-38.3	166.7	47.5	568	1,651	Upgrade
Change in Other Net Operating Assets	-33	-93.3	-43.6	129.4	215.2	1.1	Upgrade
Other Operating Activities	1,563	967.9	1,091	976.2	677.2	323.8	Upgrade
Operating Cash Flow	2,210	2,190	2,057	2,436	1,721	1,423	Upgrade
Operating Cash Flow Growth	7.70%	6.50%	-15.59%	41.59%	20.91%	-24.59%	Upgrade
Acquisition of Real Estate Assets	-1,052	-1,308	-1,181	-904.8	-888.9	-1,164	Upgrade
Sale of Real Estate Assets	904.3	493.7	298.8	585.5	923.6	493.3	Upgrade
Net Sale / Acq. of Real Estate Assets	-148.1	-814.6	-882.2	-319.3	34.7	-671	Upgrade
Cash Acquisition	-28.9	-68.9	-72.6	-	-28.2	-70.1	Upgrade
Investment in Marketable & Equity Securities	955.8	415.1	217.7	717.9	850.5	1,043	Upgrade
Investing Cash Flow	745.2	-537.1	-791.4	280.8	620.8	81.8	Upgrade
Long-Term Debt Issued	-	1,569	2,409	908.8	1,833	5,670	Upgrade
Long-Term Debt Repaid	-	-2,531	-769.2	-1,879	-3,438	-4,083	Upgrade
Net Debt Issued (Repaid)	-2,505	-962.7	1,640	-970.2	-1,605	1,587	Upgrade
Issuance of Common Stock	9.7	5.2	5.1	4.6	3.6	2.8	Upgrade
Repurchase of Common Stock	-	-	-174.7	-	-	-0.8	Upgrade
Common Dividends Paid	-636.9	-446.7	-58.7	-48.1	-48.1	-795.5	Upgrade
Other Financing Activities	-1,074	-478.1	-546.4	-629.1	-593.6	-676.8	Upgrade
Foreign Exchange Rate Adjustments	-64.5	15.6	44.4	7.3	13.7	20.4	Upgrade
Net Cash Flow	-1,315	-213.6	2,175	1,082	111.9	1,642	Upgrade
Cash Interest Paid	1,031	1,097	989.2	690	662.2	628.8	Upgrade
Cash Income Tax Paid	138.8	121.9	73.4	64.7	27.3	18.2	Upgrade
Levered Free Cash Flow	1,443	235.86	89.31	874.28	716.54	503.81	Upgrade
Unlevered Free Cash Flow	2,056	928.43	710.94	1,324	1,140	927.31	Upgrade
Change in Working Capital	-33	-93.3	-43.6	129.4	215.2	1.1	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.