Cash Flow Statement

Operating Cash Flow

-67%

10Y

-39%

Currency: EUR

	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	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-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	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-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	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	Sep-2025	Dec-2025
Operating Cash Flow
Net Income	0	0	0	1 008	0	0	0	1 184	0	855	1 123	1 655	0	0	0	936	0	0	0	1 120	0	0	0	1 608	0	0	0	1 596	0	0	0	1 351	0	0	0	1 354	746	1 224	1 418	1 862	1 652	1 365	1 291	1 503	1 380	1 503	1 413	1 279	1 120	1 002	1 030	3 161	1 072	994	277	(228)	(192)	(252)	375	504	513	386	772	882	942	1 226	918	858	817	1 210	1 337	1 507	2 086	1 881	1 811	1 855	2 227	1 165	(706)	(114)	(4 257)	(10 954)	2 626	2 084	5 485	13 189	1 563	1 515	1 420	1 288	1 235	1 160	1 049	938	857	763
Depreciation & Amortization	0	0	0	694	0	0	0	538	0	0	0	511	0	0	0	407	0	0	0	429	0	0	0	451	0	0	0	515	0	0	0	510	0	0	0	563	149	304	451	606	615	623	644	664	646	633	634	740	577	523	450	526	363	354	342	346	347	347	356	373	399	422	445	464	487	506	525	536	540	552	560	575	588	756	924	1 090	1 248	1 252	1 255	1 281	1 307	1 340	761	415	187	(100)	258	359	345	379	382	379	363	346	328	315
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9	0	0	0	8	0	0	0	5	0	0	0	9	0	0	0	7	0	0	0	10	0	0	0	8	0	0	0	7	0	0	0	8	0	0	0	19	0	0	0	2	0	0	0	4	0	0	0	3	0	0	0	12	0	0	0	9	0	0	0	7	0	0	0	0	0	0	0	6	0	0	0	6	0	0	0	5
Other Non-Cash Items	0	0	0	136	0	0	0	341	0	(69)	(108)	372	(6)	79	125	249	56	(11)	(11)	46	(268)	(90)	(366)	(112)	(341)	(448)	(248)	423	180	338	387	629	(192)	(522)	(653)	(190)	(644)	(659)	(384)	(630)	(44)	170	(7)	(97)	(130)	(282)	(13)	219	370	610	605	(1 495)	653	658	1 242	1 458	1 248	1 151	392	180	44	136	(207)	(258)	(132)	(263)	121	260	258	(108)	(211)	(400)	(971)	(628)	(706)	(218)	565	1 597	3 932	4 156	6 685	12 003	(10 667)	(10 800)	(13 277)	(19 762)	823	268	(67)	52	(37)	(71)	49	4	(26)	18
Cash Taxes Paid	0	0	0	194	0	0	0	376	0	446	506	319	281	245	256	298	313	335	332	374	356	419	434	383	342	346	342	332	269	263	258	239	307	263	282	355	387	458	469	394	358	303	284	269	222	183	166	229	159	174	172	211	165	155	127	65	124	228	201	216	193	47	76	83	82	98	81	94	68	115	139	165	257	288	285	267	277	367	361	493	558	580	321	164	310	149	421	454	236	239	169	196	174	132	199	147
Cash Interest Paid	0	0	0	381	0	0	0	220	0	0	0	370	0	0	0	261	0	0	0	193	0	0	0	271	0	0	0	352	0	0	0	291	0	0	0	234	66	170	227	298	302	341	345	352	397	390	379	374	382	357	345	330	301	282	278	263	250	235	220	214	210	181	175	187	190	186	194	171	149	151	169	177	153	173	181	208	225	218	214	202	236	241	188	213	206	192	249	228	218	249	229	225	227	201	189	173
Change in Working Capital	1 023	1 176	1 233	(487)	1 370	1 636	1 755	(486)	1 686	778	484	(790)	371	1 045	1 342	(188)	1 500	1 552	1 494	(444)	1 613	1 525	1 783	(277)	2 056	2 087	2 033	(532)	2 102	2 151	2 043	(226)	2 155	2 203	2 265	(290)	1 119	489	(123)	(225)	(511)	(537)	(473)	(688)	(601)	(595)	(485)	(402)	(419)	(314)	(377)	(430)	(289)	(367)	(359)	(195)	(250)	(394)	(321)	(436)	(428)	(179)	(161)	(95)	(313)	(356)	(503)	(850)	(333)	7	104	(107)	(317)	(923)	(415)	(172)	(1 216)	(1 341)	(324)	(353)	(1 125)	207	(518)	(466)	950	401	(367)	(323)	76	(265)	(206)	(76)	(154)	(116)	(205)	(256)
Cash from Operating Activities	1 023 N/A	1 176 +15%	1 233 +5%	1 351 +10%	1 370 +1%	1 636 +19%	1 755 +7%	1 577 -10%	1 686 +7%	1 564 -7%	1 499 -4%	1 748 +17%	1 456 -17%	1 360 -7%	1 435 +6%	1 404 -2%	1 556 +11%	1 541 -1%	1 483 -4%	1 151 -22%	1 345 +17%	1 435 +7%	1 417 -1%	1 670 +18%	1 715 +3%	1 639 -4%	1 785 +9%	2 002 +12%	2 282 +14%	2 489 +9%	2 430 -2%	2 264 -7%	1 963 -13%	1 681 -14%	1 612 -4%	1 437 -11%	1 370 -5%	1 358 -1%	1 362 +0%	1 613 +18%	1 712 +6%	1 621 -5%	1 455 -10%	1 382 -5%	1 295 -6%	1 259 -3%	1 549 +23%	1 836 +19%	1 648 -10%	1 821 +10%	1 708 -6%	1 762 +3%	1 799 +2%	1 639 -9%	1 502 -8%	1 381 -8%	1 153 -17%	852 -26%	802 -6%	621 -23%	528 -15%	765 +45%	849 +11%	993 +17%	984 -1%	1 113 +13%	1 061 -5%	804 -24%	1 282 +59%	1 661 +30%	1 790 +8%	1 575 -12%	1 386 -12%	1 086 -22%	1 614 +49%	2 555 +58%	2 824 +11%	2 673 -5%	4 157 +56%	4 970 +20%	2 610 -47%	2 596 -1%	(7 798) N/A	(8 767) -12%	(6 655) +24%	(6 272) +6%	2 277 N/A	1 819 -20%	1 774 -2%	1 454 -18%	1 374 -6%	1 392 +1%	1 307 -6%	1 172 -10%	954 -19%	840 -12%
Investing Cash Flow
Capital Expenditures	(615)	(613)	(2 332)	(649)	(651)	(643)	1 139	(550)	(524)	(434)	(381)	(651)	(327)	(330)	(341)	(346)	(368)	(397)	(436)	(485)	(514)	(524)	(529)	(592)	(656)	(758)	(931)	(1 018)	(1 034)	(990)	(917)	(845)	(888)	(980)	(968)	(1 134)	(1 117)	(1 151)	(1 296)	(1 285)	(1 351)	(1 359)	(1 340)	(1 422)	(1 360)	(1 256)	(1 173)	(1 271)	(917)	(850)	(756)	(768)	(600)	(574)	(547)	(527)	(539)	(562)	(547)	(599)	(666)	(663)	(702)	(657)	(610)	(601)	(581)	(579)	(596)	(696)	(714)	(695)	(655)	(677)	(848)	(1 101)	(1 284)	(1 320)	(1 268)	(1 178)	(1 087)	(995)	(655)	(479)	(409)	(392)	(599)	(576)	(554)	(494)	(481)	(472)	(462)	(483)	(462)	(499)
Other Items	(1 343)	(688)	933	(729)	1 841	781	(941)	732	(321)	(270)	(382)	(87)	(449)	1 030	1 153	1 103	1 177	(831)	(857)	(821)	(799)	(114)	(65)	(17)	(778)	(801)	(1 277)	(1 264)	(523)	(509)	(79)	(129)	16	5	20	32	135	482	473	460	524	223	225	294	182	173	186	61	2 427	2 860	2 986	3 584	940	7 056	6 989	6 795	6 517	(183)	(927)	(1 102)	(657)	(596)	(171)	(150)	(409)	(3 966)	(3 722)	(3 819)	(3 422)	211	261	813	230	107	81	(1 039)	(674)	(2 065)	(2 543)	(4 549)	(2 787)	(3 803)	(8 660)	(491)	(1 139)	1 443	7 083	1 671	685	577	318	1 076	775	902	817	(115)
Cash from Investing Activities	(1 958) N/A	(1 301) +34%	(1 399) -8%	(1 378) +2%	1 190 N/A	138 -88%	198 +43%	182 -8%	(845) N/A	(704) +17%	(763) -8%	(738) +3%	(776) -5%	700 N/A	812 +16%	757 -7%	809 +7%	(1 228) N/A	(1 293) -5%	(1 306) -1%	(1 313) -1%	(638) +51%	(594) +7%	(609) -3%	(1 434) -135%	(1 559) -9%	(2 208) -42%	(2 282) -3%	(1 557) +32%	(1 499) +4%	(996) +34%	(974) +2%	(872) +10%	(975) -12%	(948) +3%	(1 102) -16%	(982) +11%	(669) +32%	(823) -23%	(825) 0%	(827) 0%	(1 136) -37%	(1 115) +2%	(1 128) -1%	(1 178) -4%	(1 083) +8%	(987) +9%	(1 210) -23%	1 510 N/A	2 010 +33%	2 230 +11%	2 816 +26%	340 -88%	6 482 +1 806%	6 442 -1%	6 268 -3%	5 978 -5%	(745) N/A	(1 474) -98%	(1 701) -15%	(1 323) +22%	(1 259) +5%	(873) +31%	(807) +8%	(1 019) -26%	(4 567) -348%	(4 303) +6%	(4 398) -2%	(4 018) +9%	(485) +88%	(453) +7%	118 N/A	(425) N/A	(570) -34%	(767) -35%	(2 140) -179%	(1 958) +9%	(3 385) -73%	(3 811) -13%	(5 727) -50%	(3 874) +32%	(4 798) -24%	(9 315) -94%	(970) +90%	(1 548) -60%	1 051 N/A	6 484 +517%	1 095 -83%	131 -88%	83 -37%	(163) N/A	604 N/A	313 -48%	419 +34%	355 -15%	(614) N/A
Financing Cash Flow
Net Issuance of Common Stock	0	0	0	1	0	0	0	22	0	0	0	95	0	0	0	22	0	(30)	(30)	19	(30)	0	0	(158)	(175)	(175)	(175)	4	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	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	1 111	131	80	209	(2 578)	(1 290)	(1 602)	(399)	573	422	898	(1 040)	(318)	(1 274)	(1 194)	(1 062)	(884)	812	811	492	868	472	274	488	2 205	1 800	2 287	2 622	1 572	266	(713)	(758)	(1 790)	(610)	389	203	360	368	66	308	260	20	990	874	944	1 343	311	586	(971)	(1 712)	(1 858)	(2 029)	(855)	(413)	(822)	(1 003)	(929)	(1 573)	(1 057)	(999)	(1 255)	(557)	(428)	(440)	(658)	1 123	1 113	1 313	1 916	342	338	113	2 488	1 728	1 366	1 646	(233)	1 218	4 553	7 137	5 271	5 677	4 811	(3 484)	(4 067)	(4 984)	(7 310)	(1 843)	(7)	(730)	(584)	(1 014)	(1 161)	(738)	(714)	(208)
Cash Paid for Dividends	(182)	(220)	(220)	(220)	(220)	(264)	(264)	(264)	(264)	(357)	(357)	(359)	(357)	(506)	(506)	(506)	(1 493)	(987)	(987)	(987)	0	(1 122)	(1 122)	(1 122)	(1 122)	(1 198)	(1 198)	(1 198)	(1 198)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(888)	(977)	(977)	(977)	(977)	(1 155)	(1 155)	(1 155)	(1 155)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(977)	(995)	(995)	(995)	(995)	(1 013)	(1 013)	(1 013)	0	(413)	(413)	(817)	(817)	(924)	(924)	(1 032)	(1 032)	(1 768)	(1 768)	(1 256)
Other	140	131	197	29	29	38	(77)	(1 267)	(1 287)	(1 387)	(1 322)	1	(40)	80	17	28	63	14	37	0	(12)	57	37	1	9	(117)	(132)	(108)	(92)	12	18	(27)	(43)	(36)	(45)	(25)	(22)	(26)	(7)	(10)	(15)	(16)	(28)	(33)	(27)	(3)	8	(2)	2	(9)	1	(1)	3	6	(8)	(2)	(8)	(8)	(10)	(8)	(3)	(7)	(8)	(11)	(12)	(7)	(14)	(10)	(14)	(30)	(20)	(22)	(21)	(143)	(146)	(164)	(161)	(168)	(169)	(129)	(205)	(192)	10 591	10 552	10 626	10 796	26	46	46	9	0	3	4	0	6	3
Cash from Financing Activities	1 069 N/A	42 -96%	57 +36%	19 -67%	(2 769) N/A	(1 516) +45%	(1 943) -28%	(1 908) +2%	(978) +49%	(1 322) -35%	(781) +41%	(1 303) -67%	(715) +45%	(1 700) -138%	(1 683) +1%	(1 518) +10%	(2 314) -52%	(191) +92%	(169) +12%	(476) -182%	826 N/A	(593) N/A	(811) -37%	(791) +2%	917 N/A	310 -66%	782 +152%	1 320 +69%	282 -79%	(610) N/A	(1 583) -160%	(1 671) -6%	(2 721) -63%	(1 534) +44%	(544) +65%	(710) -31%	(550) +23%	(546) +1%	(829) -52%	(590) +29%	(643) -9%	(884) -37%	74 N/A	(47) N/A	29 N/A	452 +1 459%	(569) N/A	(304) +47%	(1 857) -511%	(2 698) -45%	(2 834) -5%	(3 007) -6%	(1 829) +39%	(1 562) +15%	(1 985) -27%	(2 160) -9%	(2 092) +3%	(2 558) -22%	(2 044) +20%	(1 984) +3%	(2 235) -13%	(1 541) +31%	(1 413) +8%	(1 428) -1%	(1 647) -15%	139 N/A	122 -12%	326 +167%	925 +184%	(665) N/A	(659) +1%	(886) -34%	1 490 N/A	608 -59%	243 -60%	505 +108%	(1 371) N/A	55 N/A	3 389 +6 062%	6 013 +77%	4 071 -32%	4 472 +10%	14 389 +222%	6 055 -58%	5 546 -8%	5 399 -3%	(7 697) N/A	(2 614) +66%	(778) +70%	(1 645) -111%	(1 508) +8%	(2 043) -35%	(2 189) -7%	(2 501) -14%	(2 476) +1%	(1 461) +41%
Change in Cash
Effect of Foreign Exchange Rates	0	0	0	(2)	0	0	0	(4)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(21)	0	(146)	0	(208)	(210)	(50)	2	82	45	41	(7)	(26)	(5)	(7)	3	(8)	18	9	(2)	(5)	(15)	(16)	(30)	(1)	(19)	(70)	(31)	(106)	(106)	(54)	(78)	(11)	6	18	25	(7)	(7)	(16)	(36)	(21)	(26)	(43)	0	16	21	44	(62)	(18)	(47)	(45)	44	(4)	36	29	(4)	157	120	7	(37)	(189)	(150)	(36)	20	10	1	0	13	5	4	2
Net Change in Cash	134 N/A	(83) N/A	(109) -31%	(10) +91%	(209) -1 990%	258 N/A	10 -96%	(153) N/A	(137) +10%	(462) -237%	(45) +90%	(293) -551%	(35) +88%	360 N/A	564 +57%	643 +14%	51 -92%	122 +139%	21 -83%	(631) N/A	858 N/A	204 -76%	12 -94%	270 +2 150%	1 198 +344%	369 -69%	359 -3%	894 +149%	1 007 +13%	172 -83%	(359) N/A	(431) -20%	(1 628) -278%	(746) +54%	165 N/A	(334) N/A	(169) +49%	117 N/A	(295) N/A	191 N/A	245 +28%	(407) N/A	432 N/A	216 -50%	144 -33%	623 +333%	(22) N/A	306 N/A	1 271 +315%	1 132 -11%	1 085 -4%	1 501 +38%	279 -81%	6 453 +2 213%	5 853 -9%	5 435 -7%	4 961 -9%	(2 462) N/A	(2 710) -10%	(3 046) -12%	(3 005) +1%	(2 042) +32%	(1 444) +29%	(1 258) +13%	(1 718) -37%	(3 336) -94%	(3 146) +6%	(3 311) -5%	(1 811) +45%	527 N/A	699 +33%	851 +22%	2 389 +181%	1 106 -54%	1 043 -6%	875 -16%	(461) N/A	(661) -43%	3 771 N/A	5 285 +40%	2 803 -47%	2 427 -13%	(2 604) N/A	(3 675) -41%	(2 694) +27%	(11) +100%	914 N/A	264 -71%	1 147 +334%	(98) N/A	(296) -202%	(47) +84%	(556) -1 083%	(905) -63%	(1 163) -29%	(1 233) -6%
Free Cash Flow
Free Cash Flow	408 N/A	563 +38%	(1 099) N/A	702 N/A	719 +2%	993 +38%	2 894 +191%	1 027 -65%	1 162 +13%	1 130 -3%	1 118 -1%	1 097 -2%	1 129 +3%	1 030 -9%	1 094 +6%	1 058 -3%	1 188 +12%	1 144 -4%	1 047 -8%	666 -36%	831 +25%	911 +10%	888 -3%	1 078 +21%	1 059 -2%	881 -17%	854 -3%	984 +15%	1 248 +27%	1 499 +20%	1 513 +1%	1 419 -6%	1 075 -24%	701 -35%	644 -8%	303 -53%	253 -17%	207 -18%	66 -68%	328 +397%	361 +10%	262 -27%	115 -56%	(40) N/A	(65) -63%	3 N/A	376 +12 433%	565 +50%	731 +29%	971 +33%	952 -2%	994 +4%	1 199 +21%	1 065 -11%	955 -10%	854 -11%	614 -28%	290 -53%	255 -12%	22 -91%	(138) N/A	102 N/A	147 +44%	336 +129%	374 +11%	512 +37%	480 -6%	225 -53%	686 +205%	965 +41%	1 076 +12%	880 -18%	731 -17%	409 -44%	766 +87%	1 454 +90%	1 540 +6%	1 353 -12%	2 889 +114%	3 792 +31%	1 523 -60%	1 601 +5%	(8 453) N/A	(9 246) -9%	(7 064) +24%	(6 664) +6%	1 678 N/A	1 243 -26%	1 220 -2%	960 -21%	893 -7%	920 +3%	845 -8%	689 -18%	492 -29%	341 -31%

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