ADX:ADNIC Cash Flow Statement

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	416.81	401.16	357.59	401.8	371	Upgrade
Depreciation & Amortization	27.34	21.28	20.02	17.44	18.76	Upgrade
Gain (Loss) on Sale of Investments	-18.88	-38.29	15.2	-13.26	9.56	Upgrade
Change in Accounts Receivable	-192.94	82.1	75.49	66.03	-131.77	Upgrade
Reinsurance Recoverable	-	-	-	73.1	-103.78	Upgrade
Change in Accounts Payable	-	-	-	104.35	16.95	Upgrade
Change in Unearned Revenue	-	-	-	-14.93	15.8	Upgrade
Change in Insurance Reserves / Liabilities	-	-	-	100.56	13.75	Upgrade
Change in Other Net Operating Assets	11.92	-4.44	23.18	-59.49	77.57	Upgrade
Other Operating Activities	-189.06	-164.19	-148.05	-146.18	-124.98	Upgrade
Operating Cash Flow	43.46	299.6	335.4	550.66	191.2	Upgrade
Operating Cash Flow Growth	-85.49%	-10.67%	-39.09%	188.00%	-44.99%	Upgrade
Capital Expenditures	-19.7	-16.13	-19.4	-26.96	-17.16	Upgrade
Cash Acquisitions	-356.4	-	-	-	-	Upgrade
Investment in Securities	-308	178.53	-304.56	-343.89	-333.74	Upgrade
Other Investing Activities	225.46	153.27	143.77	146.5	120.23	Upgrade
Investing Cash Flow	-458.95	315.21	-181.6	-224.51	-233.33	Upgrade
Total Debt Repaid	-0.14	-	-	-	-	Upgrade
Net Debt Issued (Repaid)	-0.14	-	-	-	-	Upgrade
Repurchases of Common Stock	-5.27	-	-	-	-	Upgrade
Common Dividends Paid	-256.5	-228	-228	-199.5	-144.56	Upgrade
Other Financing Activities	-	0.78	-	-	-	Upgrade
Financing Cash Flow	-261.91	-227.22	-228	-199.5	-144.56	Upgrade
Net Cash Flow	-677.41	387.59	-74.2	126.65	-186.69	Upgrade
Free Cash Flow	23.76	283.47	316	523.7	174.04	Upgrade
Free Cash Flow Growth	-91.62%	-10.29%	-39.66%	200.92%	-48.45%	Upgrade
Free Cash Flow Margin	0.19%	4.09%	4.99%	29.11%	10.44%	Upgrade
Free Cash Flow Per Share	0.04	0.50	0.55	0.92	0.30	Upgrade
Cash Interest Paid	1.45	1.53	1.05	0.72	-	Upgrade
Cash Income Tax Paid	10.78	0	0.02	0.02	0.04	Upgrade
Levered Free Cash Flow	-2,462	-794.12	-2,995	357.67	50.27	Upgrade
Unlevered Free Cash Flow	-2,462	-794.12	-2,995	357.67	50.27	Upgrade
Change in Net Working Capital	2,754	1,051	3,214	-105.45	195.14	Upgrade

Updated Feb 6, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.