Engro Holdings Limited (ENGROH) cash flow statement

Operating activities generated Rs 92.9 bn of cash in FY2025 (Jan – Dec 2025), up 383.1% on FY2024. Dividends paid to shareholders came to Rs 26.3 bn. Overall, cash increased by Rs 20.5 bn.

ENGROH cash flow statement (annual) (Rs bn)
Rs bn	FY2025 * Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 * Jan – Dec 2023	FY2022 * Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 * Jan – Dec 2019	FY2018 * Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 * Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 * Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 * Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 * Jan – Dec 2008	FY2007 * Jan – Dec 2007	FY2006 Jan – Dec 2006
Net cash from operating activities	92.9	19.2	108.0	68.3	43.3	55.9	15.9	12.8	9.7	62.4	5.9	29.7	1.2	(0.1)	1.6	2.3	1.9	2.7	(7.9)	1.2
Net cash from investing activities	(39.2)	12.8	8.8	(91.0)	29.7	(1.2)	(89.6)	6.9	(15.0)	(16.9)	26.1	(27.7)	(1.4)	(2.4)	(1.1)	1.0	(3.2)	(0.2)	(2.1)	(4.6)
Dividends paid	(26.3)	(58.4)	(40.5)	(36.8)	(27.8)	(21.7)	(8.2)	(3.8)	(1.9)	(20.8)	(12.8)	(1.3)	(0.5)	(0.5)	(0.1)	(0.6)	(0.5)	(0.2)	(0.5)	(0.5)
Net cash from financing activities	(35.0)	(51.0)	(91.8)	(46.1)	(46.7)	(28.9)	12.2	35.2	19.6	30.2	(28.5)	(14.8)	(0.5)	1.8	(1.1)	(2.3)	0.6	(2.6)	2.4	3.1
Net change in cash	20.5	(18.9)	27.9	(66.7)	27.0	25.5	(60.5)	55.5	14.4	14.1	3.5	(12.8)	(0.8)	(0.7)	(0.5)	1.0	(0.7)	(0.2)	1.0	(0.3)

ENGROH cash flow statement — year-on-year change (Rs mn)
Rs mn	FY2025 * Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 * Jan – Dec 2023	FY2022 * Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 * Jan – Dec 2019	FY2018 * Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 * Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 * Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 * Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 * Jan – Dec 2008	FY2007 * Jan – Dec 2007	FY2006 Jan – Dec 2006
Net cash from operating activities	+383.1%	-82.2%	+58.1%	+57.9%	-22.5%	+251.2%	+24.4%	+31.5%	-84.4%	+950.3%	-80.0%	+2,435.1%	—	-105.9%	-30.4%	+24.1%	-29.4%	—	-766.4%	—
Net cash from investing activities	-407.8%	+44.5%	—	-406.2%	—	—	-1,404.4%	—	—	-164.7%	—	—	—	—	-209.3%	—	—	—	—	—
Dividends paid	-55.0%	+44.3%	+10.0%	+32.3%	+28.5%	+165.6%	+112.8%	+98.4%	-90.7%	+63.0%	+878.1%	+172.4%	+0.0%	+298.9%	-79.5%	+19.9%	+119.8%	-55.0%	+5.1%	—
Net cash from financing activities	—	—	—	—	—	-336.4%	-65.2%	+79.4%	-35.0%	—	—	—	-129.8%	—	—	-467.9%	—	-211.5%	-24.3%	—
Net change in cash	—	-167.6%	—	-346.8%	+5.9%	—	-209.0%	+284.5%	+2.7%	+304.5%	—	—	—	—	-153.4%	—	—	-115.7%	—	—

Change against the previous fiscal year; shown when the earlier figure is positive.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 82

ENGROH cash flow statement — all reported line items (Rs bn)
Rs bn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 Jan – Dec 2006
Profit/(Loss) - Starting Line - Cash Flow	131.0	61.7	81.4	66.6	75.9	58.2	46.8	47.4	28.4	82.5	30.4	10.9	4.1	1.1	3.6	4.2	(0.2)	3.9	11.1	2.6
Non-cash Items & Reconciliation Adjustments - Cash Flow	14.4	73.9	76.5	35.8	20.6	19.0	21.5	(3.1)	5.3	0.6	11.6	18.7	(3.7)	(0.5)	(1.4)	(1.3)	3.2	(0.5)	(18.2)	(1.5)
Discontinued Operations - Gain/(Loss) - Net of Tax - Cash Flow - to Reconcile	(0.0)	6.0	—	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile	(9.0)	(3.4)	(5.2)	(3.2)	(3.2)	(2.8)	(1.1)	(0.1)	(2.7)	(3.1)	(2.6)	(1.1)	(4.6)	(1.3)	(3.0)	(2.0)	(1.3)	(1.9)	(1.3)	(1.1)
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	(61.9)	(24.2)	(13.3)	(4.6)	(6.0)	(14.2)	(6.7)	(4.4)	(3.2)	(9.3)	0.8	(2.0)	(0.1)	(0.0)	0.3	(0.3)	3.7	(0.3)	(8.3)	(0.2)
Financial Income/(Expense) - Cash Flow - to Reconcile	48.2	48.7	44.6	29.0	16.4	21.8	17.5	5.4	4.4	5.7	8.9	13.2	0.8	0.9	0.8	0.9	1.0	0.9	0.8	0.6
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	38.2	46.7	50.5	15.0	13.4	14.2	11.9	7.7	7.5	7.4	9.6	9.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	37.0	13.1	20.1	16.0	13.0	14.0	11.3	7.6	7.5	7.3	9.5	9.1	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile	1.3	0.5	0.4	0.4	0.2	0.2	0.2	0.1	0.1	0.0	0.1	0.1	0.0	0.0	—	—	—	—	—	—
Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile	—	33.1	30.0	(1.5)	0.1	—	0.5	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(1.1)	0.2	(0.0)	(0.3)	(0.0)	(0.0)	(0.0)	(11.6)	(0.7)	(0.0)	(0.1)	0.2	(0.1)	(0.3)	(0.0)	(0.2)	(0.0)	(0.1)	(8.7)	(0.6)
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	—	(0.0)	—	—	—	—	—	—	—	0.0	(5.0)	0.3	—	—	—	—	—	—	—	—
Share Based Payments - Cash Flow - to Reconcile	—	—	—	—	—	—	—	—	—	—	0.0	(1.1)	0.0	0.0	0.3	0.1	(0.3)	0.6	(0.8)	(0.2)
Income Taxes - Paid/(Reimbursed) - Cash Flow	32.7	51.0	42.5	17.4	11.1	8.4	16.2	10.8	7.4	5.4	4.9	4.1	0.3	0.2	0.5	0.7	0.8	0.8	0.3	0.3
Interest Paid - Cash	48.6	41.8	37.8	30.0	16.8	21.8	21.8	9.4	6.4	6.1	8.3	12.5	0.8	0.9	1.0	1.0	1.0	0.9	0.7	0.4
Interest & Dividends - Received - Total - Cash Flow	1.5	2.3	3.6	2.1	1.5	—	1.4	1.3	5.6	3.2	2.4	1.7	1.3	0.8	0.9	0.9	0.6	0.9	0.8	1.0
Cash Flow from Operating Activities before Changes in Working Capital	65.7	45.2	81.2	57.2	70.0	47.0	31.7	25.4	25.4	74.9	31.3	14.7	0.5	0.2	1.7	2.1	1.8	2.6	(7.2)	1.4
Working Capital - Increase/(Decrease) - Cash Flow	27.2	(26.0)	26.8	11.2	(26.8)	8.9	(15.8)	(12.6)	(15.7)	(12.5)	(25.4)	15.1	0.6	(0.3)	(0.0)	0.2	0.1	0.0	(0.7)	(0.2)
Accounts Receivables - Decrease/(Increase) - Cash Flow	6.9	9.3	(23.9)	(30.6)	(18.4)	(2.8)	(37.6)	(4.9)	(1.5)	(12.9)	(4.9)	(1.9)	(0.0)	(0.0)	(0.0)	0.0	(0.0)	(0.0)	(0.0)	0.0
Inventories - Decrease/(Increase) - Cash Flow	2.7	(9.9)	(6.6)	0.7	(14.3)	0.1	(2.9)	(4.5)	(3.0)	0.0	(2.9)	6.4	(0.0)	0.1	—	—	—	—	—	—
Other Assets - Decrease/(Increase) - Cash Flow	2.6	(2.8)	(2.7)	(1.8)	(0.2)	0.4	(6.9)	(1.5)	(0.5)	(0.2)	(0.0)	(0.3)	0.1	(0.1)	0.0	0.0	(0.0)	(0.0)	0.0	0.0
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	15.0	(22.6)	60.0	42.8	6.2	11.2	31.7	(1.7)	(10.7)	0.5	(17.5)	10.8	0.6	(0.3)	(0.1)	0.0	0.1	0.0	0.0	(0.0)
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	—	—	—	—	—	—	—	—	—	—	0.0	(0.0)	—	—	—	—	—	—	—	—
Other Assets & Liabilities - Increase/(Decrease) - Net - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.2	—	—	(0.7)	(0.2)
Net Cash Flow from Operating Activities	92.9	19.2	108.0	68.3	43.3	55.9	15.9	12.8	9.7	62.4	5.9	29.7	1.2	(0.1)	1.6	2.3	1.9	2.7	(7.9)	1.2
Capital Expenditures - Net - Cash Flow	31.5	24.6	30.6	40.2	20.3	18.4	46.9	36.6	29.2	23.7	9.6	8.1	(0.0)	0.2	0.1	0.4	0.8	0.2	0.1	0.7
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	31.5	24.6	30.6	40.2	20.3	18.4	46.9	36.6	29.2	23.7	9.6	8.1	(0.0)	0.2	0.1	0.4	0.8	0.2	0.1	0.7
Property, Plant & Equipment - Purchased - Cash Flow	33.8	26.7	31.4	40.9	20.5	18.6	47.0	36.6	29.9	23.7	9.9	9.6	0.0	0.2	0.1	0.4	0.8	0.2	0.1	0.7
Property, Plant & Equipment Sold - Cash Flow	2.3	2.1	0.7	0.6	0.2	0.2	0.1	0.0	0.7	0.1	0.3	1.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	0.0	0.0	—	—	—	—	—	—
Intangible Assets - Purchased/Acquired - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	0.0	0.0	—	—	—	—	—	—
Capital Expenditures - Total	33.8	26.7	31.4	40.9	20.5	18.6	47.0	36.6	29.9	23.7	9.9	9.6	0.0	0.2	0.1	0.4	0.8	0.2	0.1	0.7
Acquisition & Disposals of Business - Assets - Sold/(Acquired) - Net - Cash Flow	2.5	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Investments excluding Loans - Decrease/(Increase) - Cash Flow	(10.2)	37.4	39.5	(50.8)	50.5	15.4	(41.3)	26.7	14.5	6.8	36.5	(19.3)	(1.4)	(2.3)	(1.1)	1.3	(0.8)	1.3	19.5	(3.4)
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	(10.2)	37.4	39.5	(50.8)	50.5	15.4	(41.3)	26.7	14.5	6.8	36.5	(19.3)	(1.4)	(2.3)	(1.1)	1.3	(0.8)	1.3	19.5	(3.4)
Investment Securities - Sold/Matured - Unclassified - Cash Flow	—	—	—	—	—	—	—	—	—	42.4	37.5	6.7	1.0	3.3	—	—	—	4.8	20.6	—
Investment Securities - Purchased - Unclassified - Cash Flow	—	—	—	—	—	—	—	—	—	35.6	1.0	26.0	2.5	5.5	—	—	—	3.5	1.1	—
Investments - Associated Companies & Joint Ventures - Sold/(Purchased) - Cash Flow	—	—	—	0.0	(0.5)	(0.0)	(1.0)	17.9	(0.3)	(0.0)	(0.9)	(0.2)	—	—	—	0.0	(1.6)	(1.3)	(21.5)	(0.5)
Other Investing Cash Flow - Decrease/(Increase)	—	—	—	0.0	(0.0)	1.9	(0.4)	(1.2)	0.0	—	—	—	0.0	0.0	0.1	0.1	0.1	—	—	—
Net Cash Flow from Investing Activities	(39.2)	12.8	8.8	(91.0)	29.7	(1.2)	(89.6)	6.9	(15.0)	(16.9)	26.1	(27.7)	(1.4)	(2.4)	(1.1)	1.0	(3.2)	(0.2)	(2.1)	(4.6)
Dividends Paid - Cash - Total - Cash Flow	26.3	58.4	40.5	36.8	27.8	21.7	8.2	3.8	1.9	20.8	12.8	1.3	0.5	0.5	0.1	0.6	0.5	0.2	0.5	0.5
Dividends - Common - Cash Paid	26.3	58.4	40.5	36.8	27.8	21.7	8.2	3.8	1.9	20.8	12.8	1.3	0.5	0.5	0.1	0.6	0.5	0.2	0.5	0.5
Stock - Total - Issuance/(Retirement) - Net - Cash Flow	—	—	—	—	0.0	2.9	—	0.0	1.1	11.2	0.2	1.5	—	—	—	—	—	—	—	—
Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow	—	—	—	—	0.0	2.9	—	0.0	1.1	11.2	0.2	1.5	—	—	—	—	—	—	—	—
Stock - Common - Issuance/(Retirement) - Net - Cash Flow	—	—	—	—	0.0	2.9	—	0.0	1.1	11.2	0.2	1.5	—	—	—	—	—	—	—	—
Minority Interests & Joint Ventures - Net - Cash Flow	—	—	—	—	0.0	—	4.8	4.3	2.1	0.0	0.7	0.0	—	—	—	—	—	—	—	—
Stock - Common - Issued/Sold - Cash Flow	—	—	—	—	0.0	2.9	—	0.0	1.1	11.2	0.2	1.5	—	—	—	—	—	—	—	—
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	(8.6)	7.4	(39.7)	(9.3)	(19.4)	(10.4)	15.6	34.7	18.4	20.9	(15.6)	(15.0)	(0.0)	2.2	(0.9)	(1.8)	1.1	(2.4)	2.9	3.6
Debt - Issued/(Reduced) - Long-Term & Short-Term - Cash Flow	—	—	—	—	—	—	—	—	—	—	(17.7)	(19.8)	—	—	—	—	—	—	—	—
Debt - Reduced - Long-Term & Short-Term - Cash Flow	—	—	—	—	—	—	—	—	—	—	17.7	19.8	—	—	—	—	—	—	—	—
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	—	—	—	—	—	—	(1.0)	0.0	(1.1)	(0.4)	(4.0)	4.8	—	—	(0.0)	(1.2)	1.1	(2.2)	(3.6)	3.6
Debt - Issued - Short-Term - Cash Flow	—	—	—	—	—	—	—	—	—	0.7	1.2	4.8	—	—	—	—	—	—	—	—
Debt - Reduced - Short-Term - Cash Flow	—	—	—	—	—	—	1.0	0.0	1.1	1.1	5.2	0.0	—	—	—	—	—	—	—	—
Debt - Issued/Reduced - Long-Term - Cash Flow	(8.6)	7.4	(39.7)	(9.3)	(19.4)	(10.4)	16.6	34.7	19.5	21.2	6.2	0.0	(0.0)	2.2	(0.9)	(0.6)	0.0	(0.2)	6.5	—
Lease liabilities - Issued/(Reduced) - Cash Flow	(11.7)	(15.8)	(16.7)	(4.1)	(5.1)	(5.1)	(3.7)	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt - Issued - Long-Term - Cash Flow	89.0	—	—	—	—	—	—	—	—	—	—	—	0.2	2.2	—	—	—	—	—	—
Debt - Reduced - Long-Term - Cash Flow	97.6	—	—	—	—	—	—	—	—	—	—	—	0.2	0.0	—	—	—	—	—	—
Lease liabilities - Reduced - Cash flow represents cash outflow due to the repayment of lease liability/debt of the company. It includes finance leases, capitalized lease, and hire-purchase agreement. Applicable to all industries. If Lease liability issue	11.7	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Financing Cash Flow - Increase/(Decrease)	(0.1)	0.0	(11.6)	0.0	0.5	0.2	—	—	—	18.9	(1.0)	0.0	—	—	—	—	—	—	—	—
Net Cash Flow from Financing Activities	(35.0)	(51.0)	(91.8)	(46.1)	(46.7)	(28.9)	12.2	35.2	19.6	30.2	(28.5)	(14.8)	(0.5)	1.8	(1.1)	(2.3)	0.6	(2.6)	2.4	3.1
Net Cash Flow from Discontinued Operations - Operating Activities	—	—	—	0.0	(0.0)	(0.1)	—	—	—	(57.2)	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Discontinued Operations - Investing Activities	—	—	—	—	0.0	(0.0)	—	—	—	(1.2)	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Discontinued Operations - Financing Activities	—	—	—	—	—	—	—	—	—	(3.2)	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Discontinued Operations - Total	—	—	—	0.0	(0.0)	(0.1)	—	—	—	(61.6)	—	—	—	—	—	—	—	—	—	—
Non-Classified Cash Flows	1.8	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Foreign Exchange Effects - Cash Flow	0.1	0.2	2.9	2.2	0.8	(0.1)	0.9	0.7	0.1	(0.0)	—	—	—	—	—	—	—	—	—	—
Net Change in Cash - Total	20.5	(18.9)	27.9	(66.7)	27.0	25.5	(60.5)	55.5	14.4	14.1	3.5	(12.8)	(0.8)	(0.7)	(0.5)	1.0	(0.7)	(0.2)	1.0	(0.3)
Net Cash from Continuing Operations	18.7	(18.9)	27.9	(66.7)	27.0	25.6	(60.5)	55.5	14.4	75.6	3.5	(12.8)	(0.8)	(0.7)	(0.5)	1.0	(0.7)	(0.2)	(7.6)	(0.3)
Net Cash from Discontinued Operations	—	—	—	0.0	(0.0)	(0.1)	—	—	—	(61.6)	—	—	—	—	—	—	—	—	—	—
Net Cash - Beginning Balance	42.4	46.8	18.8	86.8	60.1	31.5	92.1	37.8	23.4	11.8	8.4	21.2	0.0	0.7	1.3	0.3	0.9	1.1	0.1	0.4
Net Cash - Ending Balance	62.9	27.9	46.8	20.1	87.1	57.0	31.5	93.4	37.8	25.9	11.8	8.4	(0.8)	0.0	0.7	1.3	0.3	0.9	1.1	0.1
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	32.7	51.0	42.5	17.4	11.1	8.4	16.2	10.8	7.4	5.4	4.9	4.1	0.3	0.2	0.5	0.7	0.8	0.8	0.3	0.3
Interest Paid - Cash Flow - Supplemental	48.6	41.8	37.8	30.0	16.8	21.8	21.8	9.4	6.4	6.1	8.3	12.5	0.8	0.9	1.0	1.0	1.0	0.9	0.7	0.4
Interest on Financial Leases Paid - Cash Flow - Supplemental	7.6	—	—	8.5	4.6	3.9	3.8	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest & Dividends - Received - Cash Flow - Supplemental	1.5	2.3	3.6	2.1	1.5	—	1.4	1.3	5.6	3.2	2.4	1.7	1.3	0.8	0.9	0.9	0.6	0.9	0.8	1.0
CF from Optg Activities before Change in WC & Int Payments	114.3	87.0	119.0	87.1	86.8	68.8	53.5	34.8	31.8	81.0	39.6	27.2	1.4	1.1	2.7	3.1	2.8	3.5	(6.5)	1.8
Cash Dividends Paid & Common Stock Buyback - Net	—	—	—	—	27.8	18.7	—	3.8	0.9	9.6	12.6	(0.2)	—	—	—	—	—	—	—	—
Common Stock Buyback - Net	—	—	—	—	0.0	(2.9)	—	0.0	(1.1)	(11.2)	(0.2)	(1.5)	—	—	—	—	—	—	—	—
Depreciation, Depletion & Amortization - Cash Flow	38.2	13.6	20.5	16.4	13.2	14.2	11.4	7.7	7.5	7.4	9.6	9.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1
Free Cash Flow to Equity	52.7	2.0	37.7	18.7	3.6	27.1	(15.4)	10.9	(1.1)	59.6	(19.2)	6.6	1.1	2.0	0.6	0.2	2.2	0.1	(5.2)	4.0
Free Cash Flow Net of Dividends	32.8	(65.9)	36.1	(9.4)	(5.1)	15.6	(39.2)	(27.7)	(22.2)	17.8	(16.7)	18.8	0.7	(0.8)	1.4	1.3	0.6	2.3	(8.6)	(0.0)
Free Cash Flow	59.1	(7.4)	76.6	27.5	22.8	37.2	(31.1)	(23.8)	(20.2)	38.6	(4.0)	20.1	1.2	(0.3)	1.5	1.9	1.0	2.5	(8.1)	0.4

Every line the company reported, in the original order and wording, without regrouping or signs changed.