Cash Flow Statement

Operating Cash Flow

-30%

-44%

10Y

Currency: EUR

	Dec-2001	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Apr-2010	Jul-2010	Oct-2010	Dec-2010	Apr-2011	Jul-2011	Oct-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Apr-2016	Jul-2016	Oct-2016	Dec-2016	Apr-2017	Jul-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Apr-2021	Jul-2021	Oct-2021	Dec-2021	Apr-2022	Jul-2022	Oct-2022	Dec-2022	Apr-2023	Jul-2023	Sep-2023	Dec-2023	Apr-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025
Operating Cash Flow
Net Income	585	532	677	556	599	596	594	407	300	440	626	933	667	1 109	1 080	1 093	1 151	1 175	1 204	1 223	1 223	1 233	1 223	1 200	1 099	1 019	984	922	802	668	510	486	468	476	321	258	373	306	8	(371)	(345)	213	603	708	758	(324)	(381)	37	(103)	370	422	220	307	280	278	283	260	265	386	348	335	337	195	250	232	208	165	169	161	148	189	161	103	79	95	107	277	425	434	421	302	183	128	85	(1 311)	(1 329)	(1 317)	(1 305)	78	51	49	36	25	24	(18)	(22)
Depreciation & Amortization	437	453	572	475	490	497	500	708	711	675	651	415	533	282	261	235	320	302	301	313	318	330	339	349	349	356	357	358	399	389	387	389	489	197	139	77	120	117	116	126	112	112	116	100	250	118	117	127	132	125	121	114	100	100	98	96	93	92	93	93	92	89	84	75	70	70	79	80	83	99	108	129	180	193	198	198	164	151	146	147	149	153	156	156	156	158	163	171	177	182	184	187	188	190	232	233
Change in Deffered Taxes	4	(24)	(18)	20	(16)	64	41	76	180	0	0	0	82	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	13	4	8	12	16	16	17	18	5	13	10	6	8	6	11	10	9	0	0	0	0	0	0	0	5	0	0	0	3	1	2	0	4	0	0	0	4	0	0	0	2	0	0	0	3	0	0	0	1	0	1	1	3	3	2	3	3	3	4	4	2	3	3	3	2	3	2	1	1	1	1	2
Other Non-Cash Items	(181)	(248)	(258)	(141)	(125)	(143)	(189)	(203)	(228)	(193)	(195)	(155)	(312)	(289)	(175)	(297)	(93)	(33)	(112)	9	(113)	(178)	(174)	(205)	(58)	(6)	(29)	(14)	(3)	26	54	12	(115)	(157)	(32)	94	(13)	0	163	415	514	(76)	(428)	(568)	(925)	221	307	(69)	175	(180)	(194)	20	(33)	(24)	(15)	(29)	(7)	(16)	(161)	(120)	(152)	(161)	(10)	(47)	(80)	(42)	(48)	(43)	(100)	(31)	(30)	(41)	18	10	15	21	(257)	(208)	(215)	(195)	80	60	81	89	60	21	7	4	13	48	46	4	33	31	15	46
Cash Taxes Paid	303	0	0	0	286	0	0	0	288	371	484	554	396	521	0	433	130	166	225	203	282	319	384	408	492	468	420	375	225	187	(46)	(69)	(83)	(102)	193	185	205	181	48	91	98	125	124	43	40	14	13	(43)	(55)	(55)	(53)	86	71	108	164	99	105	125	66	66	80	75	76	77	55	42	32	24	39	35	42	48	34	(10)	(1)	2	12	33	25	19	76	79	77	70	(1)	11	12	22	35	0	0	0	31	0	33	40
Cash Interest Paid	108	0	0	0	117	0	0	0	84	93	106	121	64	84	0	111	84	97	145	132	199	220	223	211	178	168	163	164	182	176	166	187	160	75	57	47	99	98	96	100	101	102	102	100	99	97	97	95	150	150	148	151	86	86	86	70	73	73	60	102	92	92	93	39	39	40	40	40	26	26	26	10	14	14	13	16	15	16	19	20	21	21	21	21	20	20	19	19	20	20	22	30	28	28	41	36
Change in Working Capital	(72)	(8)	69	151	84	88	(107)	(86)	(26)	(113)	(249)	(284)	30	(394)	(222)	(240)	(394)	(167)	(370)	(500)	(634)	(678)	(639)	(636)	(766)	(714)	(581)	(577)	(275)	(252)	74	131	174	468	(182)	88	(339)	(218)	179	(147)	(159)	(194)	(240)	(176)	(140)	(163)	(136)	(30)	(174)	(139)	(140)	(301)	(172)	(177)	(229)	(128)	(132)	(182)	(94)	(184)	(165)	(140)	(197)	(124)	(133)	(151)	(120)	(171)	(187)	(249)	(244)	(155)	(83)	(45)	18	(27)	(18)	(42)	(67)	(40)	(56)	(12)	(70)	(93)	1 334	1 289	1 291	1 307	(46)	(28)	(10)	(22)	(77)	(92)	(115)	(91)
Cash from Operating Activities	773 N/A	705 -9%	1 042 +48%	1 061 +2%	1 032 -3%	1 102 +7%	839 -24%	902 +8%	937 +4%	904 -4%	945 +5%	986 +4%	1 000 +1%	708 -29%	944 +33%	791 -16%	984 +24%	1 277 +30%	1 023 -20%	1 045 +2%	794 -24%	707 -11%	749 +6%	708 -5%	624 -12%	655 +5%	731 +12%	689 -6%	923 +34%	831 -10%	1 025 +23%	1 018 -1%	1 016 0%	984 -3%	246 -75%	517 +110%	141 -73%	205 +45%	466 +127%	23 -95%	122 +430%	55 -55%	51 -7%	64 +25%	(57) N/A	(148) -160%	(93) +37%	65 N/A	30 -54%	176 +487%	209 +19%	53 -75%	202 +281%	179 -11%	132 -26%	222 +68%	214 -4%	159 -26%	224 +41%	137 -39%	110 -20%	125 +14%	72 -42%	154 +114%	89 -42%	85 -4%	76 -11%	35 -54%	(43) N/A	(33) +23%	23 N/A	94 +309%	218 +132%	237 +9%	326 +38%	299 -8%	166 -44%	326 +96%	298 -9%	333 +12%	475 +43%	384 -19%	295 -23%	237 -20%	239 +1%	139 -42%	144 +4%	177 +23%	222 +25%	253 +14%	269 +6%	205 -24%	169 -18%	153 -9%	114 -25%	166 +46%
Investing Cash Flow
Capital Expenditures	(481)	(495)	(625)	(467)	(472)	(453)	(395)	(378)	(354)	(368)	(374)	(364)	(357)	(258)	(158)	(239)	(313)	(342)	(459)	(398)	(380)	(367)	(357)	(333)	(369)	(378)	(381)	(376)	(345)	(327)	(297)	(267)	(255)	(43)	(7)	13	(109)	(119)	(113)	(117)	(137)	(164)	(208)	(219)	(204)	(185)	(155)	(136)	(117)	(111)	(97)	(99)	(83)	(75)	(84)	(77)	(91)	(88)	(77)	(91)	(95)	(105)	(120)	(111)	(101)	(95)	(101)	(103)	(95)	(88)	(68)	(58)	(66)	(64)	(61)	(65)	(77)	(93)	(106)	(131)	(141)	(152)	(156)	(150)	(138)	(141)	(138)	(128)	(126)	(114)	(111)	(109)	(100)	(98)	(98)	(98)
Other Items	(217)	(218)	(276)	(129)	(38)	(26)	13	(8)	(19)	2	35	(124)	25	(14)	(126)	123	48	1	104	33	1 418	1 779	1 724	1 710	365	39	112	115	88	36	12	12	(1)	50	50	(60)	17	48	101	218	184	176	143	134	48	29	21	22	533	530	526	528	22	23	15	10	12	13	662	640	638	639	(29)	(1)	(10)	(10)	17	18	47	45	46	38	(40)	(34)	(41)	(43)	162	200	203	201	49	14	11	12	16	8	14	19	24	35	(23)	35	39	28	23	87
Cash from Investing Activities	(698) N/A	(713) -2%	(901) -26%	(596) +34%	(510) +14%	(479) +6%	(382) +20%	(386) -1%	(373) +3%	(366) +2%	(339) +7%	(488) -44%	(332) +32%	(272) +18%	(284) -4%	(116) +59%	(265) -128%	(341) -29%	(355) -4%	(365) -3%	1 038 N/A	1 412 +36%	1 367 -3%	1 377 +1%	(4) N/A	(339) -8 375%	(269) +21%	(261) +3%	(257) +2%	(291) -13%	(285) +2%	(255) +11%	(256) 0%	7 N/A	43 +514%	(47) N/A	(92) -96%	(71) +23%	(12) +83%	101 N/A	47 -53%	12 -74%	(65) N/A	(85) -31%	(156) -84%	(156) N/A	(134) +14%	(114) +15%	416 N/A	419 +1%	429 +2%	429 N/A	(61) N/A	(52) +15%	(69) -33%	(67) +3%	(79) -18%	(75) +5%	585 N/A	549 -6%	543 -1%	534 -2%	(149) N/A	(112) +25%	(111) +1%	(105) +5%	(84) +20%	(85) -1%	(48) +44%	(43) +10%	(22) +49%	(20) +9%	(106) -430%	(98) +8%	(102) -4%	(108) -6%	85 N/A	107 +26%	97 -9%	70 -28%	(92) N/A	(138) -50%	(145) -5%	(138) +5%	(122) +12%	(133) -9%	(124) +7%	(109) +12%	(102) +6%	(79) +23%	(134) -70%	(74) +45%	(61) +18%	(70) -15%	(75) -7%	(11) +85%
Financing Cash Flow
Net Issuance of Common Stock	0	0	0	0	0	0	0	0	0	0	0	0	(148)	(410)	(410)	(410)	(457)	(847)	(1 063)	(1 063)	(1 695)	(1 233)	(1 187)	(1 417)	(681)	(700)	(701)	(499)	(307)	(199)	(27)	1	2	2	0	0	2	(2)	0	0	(6)	0	0	0	(2)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(17)	(164)	(164)	(164)	0	0	0	0	0	0	0	0	0	0	0
Net Issuance of Debt	309	456	174	(156)	(413)	(368)	(110)	(73)	(232)	(262)	(238)	(224)	(115)	(25)	(74)	(63)	(26)	293	739	580	101	(491)	(620)	(217)	362	662	473	735	173	331	(52)	(557)	(316)	(133)	169	164	(17)	(7)	7	24	20	(29)	(57)	(61)	(64)	(18)	3	(10)	(364)	(378)	(385)	(380)	(7)	(13)	(359)	(366)	(365)	(351)	(2)	(358)	(358)	0	(362)	(2)	67	67	0	(153)	(222)	(235)	(250)	256	170	164	162	(137)	(79)	(74)	(78)	(73)	(74)	(77)	(74)	(80)	(78)	(80)	(77)	(80)	(113)	(114)	179	173	(151)	(151)	(348)	(349)
Cash Paid for Dividends	0	0	0	0	0	0	0	0	0	0	(142)	(237)	0	(237)	(263)	(268)	(268)	(268)	(273)	(282)	(282)	(282)	(292)	(298)	(298)	0	(317)	(324)	(324)	(324)	(122)	(34)	(34)	(34)	(98)	(119)	(119)	(156)	(99)	(80)	(80)	0	(36)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(25)	(40)	(40)	0	(62)	0	(63)	0	(1)	(71)	(71)	0	0	0	0	0	(84)	(113)	(113)	0	(143)	(165)	(165)	0	(58)	(29)	(29)	0	(33)	(22)	(22)	0	(26)	(15)
Other	(184)	(162)	(277)	(336)	(185)	(185)	(190)	(207)	(204)	(202)	(79)	9	(237)	(70)	(65)	(42)	(28)	(6)	22	(6)	(240)	(172)	(206)	(209)	(31)	(5)	(6)	1	0	1	0	0	0	(641)	(445)	(634)	41	(1)	(78)	111	498	0	444	444	0	0	(3)	(3)	(3)	0	0	0	0	0	0	0	0	0	(11)	(10)	(10)	(10)	1	(32)	0	0	0	0	0	0	0	9	0	10	8	(1)	(1)	0	1	1	1	0	0	0	(1)	0	(2)	0	0	0	0	(2)	0	0	0	0
Cash from Financing Activities	125 N/A	294 +135%	(103) N/A	(346) -236%	(598) -73%	(553) +8%	(300) +46%	(280) +7%	(436) -56%	(464) -6%	(459) +1%	(452) +2%	(500) -11%	(742) -48%	(812) -9%	(783) +4%	(779) +1%	(828) -6%	(575) +31%	(771) -34%	(2 116) -174%	(2 178) -3%	(2 305) -6%	(2 141) +7%	(648) +70%	(341) +47%	(551) -62%	(87) +84%	(458) -426%	(191) +58%	(201) -5%	(590) -194%	(348) +41%	(806) -132%	(373) +54%	(588) -58%	(93) +84%	(166) -78%	(170) -2%	55 N/A	432 +685%	495 +15%	351 -29%	383 +9%	(66) N/A	(20) +70%	0 N/A	(13) N/A	(367) -2 723%	(381) -4%	(385) -1%	(380) +1%	(7) +98%	(13) -86%	(359) -2 662%	(366) -2%	(365) +0%	(351) +4%	(13) +96%	(368) -2 731%	(368) N/A	(368) N/A	(386) -5%	(74) +81%	27 N/A	27 N/A	8 -70%	(219) N/A	(285) -30%	(298) -5%	(314) -5%	229 N/A	99 -57%	94 -5%	138 +47%	(147) N/A	(80) +46%	(76) +5%	(161) -112%	(185) -15%	(186) -1%	(207) -11%	(381) -84%	(409) -7%	(408) +0%	(392) +4%	(137) +65%	(109) +20%	(142) -30%	(143) -1%	146 N/A	149 +2%	(173) N/A	(173) N/A	(374) -116%	(363) +3%
Change in Cash
Effect of Foreign Exchange Rates	0	(2)	(15)	(13)	(18)	(22)	(12)	(10)	(14)	(6)	(3)	(4)	(5)	3	0	10	11	6	1	(4)	0	(3)	3	(2)	(3)	(8)	(9)	(4)	(6)	0	(2)	(5)	1	0	0	0	7	0	0	0	0	0	0	1	1	0	0	1	(1)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Change in Cash	200 N/A	284 +42%	23 -92%	106 +361%	(94) N/A	48 N/A	145 +202%	226 +56%	114 -50%	68 -40%	144 +112%	42 -71%	163 +288%	(303) N/A	(152) +50%	(98) +36%	(49) +50%	114 N/A	94 -18%	(95) N/A	(284) -199%	(62) +78%	(186) -200%	(58) +69%	(31) +47%	(33) -6%	(98) -197%	337 N/A	202 -40%	349 +73%	537 +54%	168 -69%	413 +146%	185 -55%	(84) N/A	(118) -40%	(37) +69%	(32) +14%	284 N/A	179 -37%	601 +236%	562 -6%	337 -40%	363 +8%	(278) N/A	(324) -17%	(227) +30%	(61) +73%	78 N/A	214 +174%	253 +18%	102 -60%	134 +31%	114 -15%	(296) N/A	(211) +29%	(230) -9%	(267) -16%	796 N/A	318 -60%	285 -10%	291 +2%	(463) N/A	(32) +93%	5 N/A	7 +40%	0 N/A	(269) N/A	(376) -40%	(374) +1%	(313) +16%	303 N/A	211 -30%	233 +10%	362 +55%	44 -88%	171 +289%	357 +109%	234 -34%	218 -7%	197 -10%	39 -80%	(231) N/A	(310) -34%	(291) +6%	(386) -33%	(117) +70%	(41) +65%	(22) +46%	31 N/A	281 +806%	280 0%	(65) N/A	(90) -38%	(335) -272%	(208) +38%
Free Cash Flow
Free Cash Flow	292 N/A	210 -28%	417 +99%	594 +42%	560 -6%	649 +16%	444 -32%	524 +18%	583 +11%	536 -8%	571 +7%	622 +9%	643 +3%	450 -30%	786 +75%	552 -30%	671 +22%	935 +39%	564 -40%	647 +15%	414 -36%	340 -18%	392 +15%	375 -4%	255 -32%	277 +9%	350 +26%	313 -11%	578 +85%	504 -13%	728 +44%	751 +3%	761 +1%	941 +24%	239 -75%	530 +122%	32 -94%	86 +169%	353 +310%	(94) N/A	(15) +84%	(109) -627%	(157) -44%	(155) +1%	(261) -68%	(333) -28%	(248) +26%	(71) +71%	(87) -23%	65 N/A	112 +72%	(46) N/A	119 N/A	104 -13%	48 -54%	145 +202%	123 -15%	71 -42%	147 +107%	46 -69%	15 -67%	20 +33%	(48) N/A	43 N/A	(12) N/A	(10) +17%	(25) -150%	(68) -172%	(138) -103%	(121) +12%	(45) +63%	36 N/A	152 +322%	173 +14%	265 +53%	234 -12%	89 -62%	233 +162%	192 -18%	202 +5%	334 +65%	232 -31%	139 -40%	87 -37%	101 +16%	(2) N/A	6 N/A	49 +717%	96 +96%	139 +45%	158 +14%	96 -39%	69 -28%	55 -20%	16 -71%	68 +325%

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Cash Flow Statement
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