Cash Flow Statement

Currency: EUR

	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024
Operating Cash Flow
Net Income	888	890	890	893	870	875	878	877	910	844
Depreciation & Amortization	522	0	268	0	545	0	815	0	538	0
Other Non-Cash Items	63	592	572	586	48	35	31	17	(2)	(3)
Cash Taxes Paid	181	0	65	0	364	0	65	0	206	0
Cash Interest Paid	122	0	76	0	124	0	83	0	146	0
Change in Working Capital	132	(74)	110	417	105	(66)	(366)	(1 041)	(954)	(548)
Cash from Operating Activities	1 605 N/A	1 408 -12%	1 582 +12%	1 896 +20%	1 567 -17%	1 389 -11%	1 089 -22%	398 -63%	492 +24%	831 +69%
Investing Cash Flow
Capital Expenditures	(556)	0	(271)	0	(536)	0	(402)	0	(956)	0
Other Items	18	(554)	(1 242)	(2 006)	(1 105)	(1 742)	(440)	349	890	165
Cash from Investing Activities	(538) N/A	(554) -3%	(1 250) -126%	(2 006) -60%	(1 641) +18%	(1 742) -6%	(571) +67%	349 N/A	(66) N/A	(792) -1 091%
Financing Cash Flow
Net Issuance of Common Stock	6	10	996	996	989	1 497	506	506	516	5
Net Issuance of Debt	587	(301)	(719)	(844)	(1 142)	(260)	(280)	(429)	(482)	73
Cash Paid for Dividends	(539)	(539)	(544)	(544)	(544)	(544)	(543)	(556)	(569)	(569)
Other	(32)	(36)	(13)	(18)	(12)	(12)	(12)	(9)	(13)	10
Cash from Financing Activities	22 N/A	(867) N/A	(280) +68%	(410) -47%	(708) -73%	681 N/A	(330) N/A	(488) -48%	(547) -12%	(481) +12%
Change in Cash
Effect of Foreign Exchange Rates	3	4	5	7	3	2	(1)	1	2	3
Net Change in Cash	1 093 N/A	(9) N/A	57 N/A	(514) N/A	(780) -52%	331 N/A	187 -43%	259 +38%	(119) N/A	(439) -268%
Free Cash Flow
Free Cash Flow	1 049 N/A	1 408 +34%	1 311 -7%	1 896 +45%	1 031 -46%	1 389 +35%	687 -51%	398 -42%	(464) N/A	831 N/A

Red Electrica Corporacion SA
MAD:RED