FNM SpA
MIL:FNM
Cash Flow Statement
Cash Flow Statement
FNM SpA
| Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Sep-2013 | Mar-2014 | Sep-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Sep-2016 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||||||
| Net Income |
13
|
16
|
18
|
26
|
25
|
21
|
24
|
28
|
8
|
2
|
(1)
|
5
|
1
|
20
|
20
|
21
|
(3)
|
7
|
29
|
13
|
25
|
25
|
31
|
25
|
16
|
13
|
25
|
18
|
15
|
43
|
43
|
52
|
74
|
55
|
70
|
77
|
83
|
87
|
82
|
85
|
79
|
81
|
60
|
58
|
73
|
|
| Depreciation & Amortization |
18
|
16
|
20
|
14
|
15
|
15
|
16
|
22
|
5
|
0
|
0
|
5
|
1
|
20
|
21
|
22
|
2
|
12
|
38
|
32
|
40
|
40
|
41
|
41
|
41
|
40
|
39
|
41
|
53
|
64
|
76
|
84
|
83
|
84
|
86
|
91
|
97
|
102
|
105
|
111
|
118
|
125
|
132
|
134
|
135
|
|
| Change in Deffered Taxes |
0
|
0
|
0
|
0
|
0
|
(3)
|
(2)
|
(3)
|
(0)
|
(2)
|
(1)
|
(2)
|
(0)
|
(2)
|
(2)
|
(1)
|
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
|
|
| Other Non-Cash Items |
(3)
|
3
|
(1)
|
0
|
2
|
5
|
1
|
0
|
1
|
2
|
0
|
1
|
0
|
0
|
1
|
2
|
(9)
|
(5)
|
2
|
(2)
|
6
|
3
|
(1)
|
8
|
16
|
11
|
8
|
22
|
30
|
25
|
23
|
14
|
8
|
28
|
14
|
11
|
(6)
|
(12)
|
(3)
|
(18)
|
(17)
|
(24)
|
(6)
|
(6)
|
(14)
|
|
| Cash Taxes Paid |
9
|
12
|
14
|
9
|
10
|
13
|
16
|
10
|
0
|
7
|
0
|
12
|
5
|
11
|
0
|
11
|
(4)
|
(4)
|
7
|
0
|
0
|
3
|
3
|
0
|
10
|
9
|
12
|
0
|
7
|
7
|
15
|
0
|
19
|
19
|
18
|
0
|
27
|
27
|
31
|
0
|
15
|
32
|
34
|
0
|
36
|
|
| Cash Interest Paid |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
1
|
3
|
3
|
3
|
4
|
3
|
2
|
4
|
4
|
15
|
10
|
10
|
11
|
0
|
10
|
10
|
11
|
11
|
15
|
16
|
17
|
19
|
22
|
22
|
21
|
|
| Change in Working Capital |
54
|
31
|
(22)
|
0
|
65
|
32
|
(29)
|
(14)
|
(41)
|
(21)
|
27
|
(15)
|
10
|
11
|
15
|
15
|
65
|
51
|
33
|
37
|
(18)
|
12
|
7
|
14
|
(9)
|
(47)
|
(64)
|
(68)
|
(33)
|
(51)
|
(2)
|
(1)
|
(20)
|
17
|
(24)
|
(21)
|
(29)
|
(19)
|
(1)
|
28
|
22
|
17
|
9
|
(30)
|
(38)
|
|
| Cash from Operating Activities |
82
N/A
|
66
-19%
|
16
-76%
|
41
+161%
|
106
+162%
|
70
-34%
|
10
-86%
|
34
+244%
|
(28)
N/A
|
(19)
+31%
|
27
N/A
|
(5)
N/A
|
13
N/A
|
49
+291%
|
55
+12%
|
59
+6%
|
57
-4%
|
66
+17%
|
103
+56%
|
82
-20%
|
52
-36%
|
81
+56%
|
79
-4%
|
88
+13%
|
64
-28%
|
17
-74%
|
7
-56%
|
13
+78%
|
65
+390%
|
81
+25%
|
140
+73%
|
149
+6%
|
144
-3%
|
183
+27%
|
145
-21%
|
159
+9%
|
145
-9%
|
158
+9%
|
183
+16%
|
206
+13%
|
201
-2%
|
199
-1%
|
195
-2%
|
155
-20%
|
155
+0%
|
|
| Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||||||
| Capital Expenditures |
(290)
|
50
|
(34)
|
4
|
(21)
|
6
|
(41)
|
(11)
|
(1)
|
(50)
|
(16)
|
(23)
|
19
|
(53)
|
(81)
|
(90)
|
53
|
44
|
(34)
|
32
|
(33)
|
(27)
|
(40)
|
(38)
|
(28)
|
(27)
|
(68)
|
(85)
|
(84)
|
(93)
|
(38)
|
(25)
|
(74)
|
(82)
|
(88)
|
(93)
|
(60)
|
(50)
|
(48)
|
(45)
|
(51)
|
(62)
|
(89)
|
(105)
|
(101)
|
|
| Other Items |
255
|
(139)
|
(30)
|
(31)
|
(5)
|
(30)
|
14
|
(11)
|
(23)
|
(8)
|
28
|
56
|
(28)
|
(25)
|
(21)
|
16
|
12
|
15
|
(1)
|
39
|
15
|
(21)
|
67
|
172
|
175
|
166
|
93
|
(461)
|
(465)
|
(448)
|
(509)
|
(170)
|
(22)
|
(68)
|
(70)
|
40
|
(92)
|
(23)
|
112
|
(35)
|
(43)
|
5
|
7
|
127
|
121
|
|
| Cash from Investing Activities |
(35)
N/A
|
(89)
-154%
|
(64)
+29%
|
(26)
+59%
|
(26)
0%
|
(23)
+12%
|
(28)
-19%
|
(21)
+24%
|
(23)
-10%
|
(58)
-148%
|
12
N/A
|
33
+167%
|
(9)
N/A
|
(78)
-787%
|
(102)
-30%
|
(73)
+28%
|
65
N/A
|
59
-10%
|
(35)
N/A
|
72
N/A
|
(18)
N/A
|
(48)
-167%
|
27
N/A
|
135
+407%
|
146
+9%
|
140
-5%
|
25
-82%
|
(546)
N/A
|
(549)
-1%
|
(541)
+1%
|
(548)
-1%
|
(194)
+65%
|
(96)
+51%
|
(150)
-57%
|
(157)
-5%
|
(53)
+66%
|
(152)
-188%
|
(73)
+52%
|
64
N/A
|
(79)
N/A
|
(94)
-18%
|
(57)
+39%
|
(81)
-42%
|
22
N/A
|
20
-11%
|
|
| Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||||||
| Net Issuance of Common Stock |
0
|
0
|
0
|
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
|
|
| Net Issuance of Debt |
(2)
|
(3)
|
7
|
(45)
|
(32)
|
11
|
3
|
(3)
|
(5)
|
0
|
5
|
3
|
96
|
98
|
86
|
19
|
26
|
(36)
|
(8)
|
(25)
|
(39)
|
78
|
(0)
|
16
|
2
|
(112)
|
(6)
|
596
|
521
|
573
|
516
|
(101)
|
(51)
|
(46)
|
(71)
|
(69)
|
(75)
|
(79)
|
(64)
|
22
|
24
|
(5)
|
22
|
(66)
|
(72)
|
|
| Cash Paid for Dividends |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
(6)
|
0
|
(6)
|
(6)
|
(6)
|
0
|
(6)
|
(3)
|
(3)
|
(9)
|
0
|
(11)
|
(11)
|
(11)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
(10)
|
(10)
|
0
|
(10)
|
(10)
|
(10)
|
0
|
(8)
|
|
| Other |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
0
|
0
|
(2)
|
2
|
1
|
(1)
|
0
|
(1)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(2)
|
(4)
|
(4)
|
(15)
|
(10)
|
(10)
|
(11)
|
(22)
|
(32)
|
(32)
|
(33)
|
(11)
|
(15)
|
(16)
|
(16)
|
(18)
|
(22)
|
(22)
|
(21)
|
|
| Cash from Financing Activities |
(2)
N/A
|
(1)
+75%
|
7
N/A
|
(44)
N/A
|
(32)
+27%
|
11
N/A
|
3
-68%
|
(8)
N/A
|
(5)
+40%
|
(0)
+92%
|
5
N/A
|
0
-93%
|
93
+30 833%
|
92
-1%
|
80
-13%
|
13
-84%
|
25
+93%
|
(38)
N/A
|
(19)
+51%
|
(28)
-51%
|
(51)
-82%
|
64
N/A
|
(14)
N/A
|
2
N/A
|
(2)
N/A
|
(114)
-6 294%
|
(8)
+93%
|
592
N/A
|
517
-13%
|
558
+8%
|
506
-9%
|
(111)
N/A
|
(63)
+43%
|
(68)
-9%
|
(103)
-50%
|
(101)
+2%
|
(118)
-17%
|
(100)
+16%
|
(88)
+12%
|
(4)
+96%
|
(3)
+26%
|
(33)
-1 148%
|
(10)
+71%
|
(98)
-929%
|
(101)
-3%
|
|
| Change in Cash | ||||||||||||||||||||||||||||||||||||||||||||||
| Net Change in Cash |
44
N/A
|
(24)
N/A
|
(41)
-70%
|
(30)
+27%
|
47
N/A
|
58
+21%
|
(15)
N/A
|
4
N/A
|
(56)
N/A
|
(77)
-38%
|
43
N/A
|
28
-36%
|
97
+246%
|
64
-34%
|
34
-46%
|
(2)
N/A
|
146
N/A
|
87
-41%
|
49
-44%
|
125
+157%
|
(17)
N/A
|
98
N/A
|
91
-7%
|
226
+147%
|
209
-7%
|
42
-80%
|
25
-42%
|
60
+142%
|
33
-44%
|
99
+197%
|
98
-1%
|
(156)
N/A
|
(14)
+91%
|
(34)
-142%
|
(115)
-233%
|
5
N/A
|
(125)
N/A
|
(15)
+88%
|
158
N/A
|
123
-22%
|
105
-15%
|
109
+4%
|
104
-4%
|
79
-24%
|
73
-7%
|
|
| Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||||||
| Free Cash Flow |
(209)
N/A
|
116
N/A
|
(18)
N/A
|
45
N/A
|
85
+90%
|
77
-10%
|
(32)
N/A
|
23
N/A
|
(28)
N/A
|
(69)
-143%
|
11
N/A
|
(28)
N/A
|
32
N/A
|
(3)
N/A
|
(25)
-631%
|
(31)
-23%
|
109
N/A
|
110
+1%
|
68
-38%
|
114
+67%
|
20
-83%
|
55
+180%
|
38
-31%
|
51
+33%
|
36
-30%
|
(10)
N/A
|
(60)
-518%
|
(72)
-19%
|
(19)
+74%
|
(11)
+40%
|
102
N/A
|
124
+22%
|
71
-43%
|
102
+44%
|
57
-44%
|
66
+15%
|
85
+29%
|
108
+27%
|
135
+24%
|
161
+20%
|
151
-7%
|
137
-9%
|
106
-22%
|
50
-53%
|
54
+8%
|
|