BCBA:EDN Cash Flow Statement

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

Millions ARS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	239,236	272,128	191,387	-44,014	-41,577
Depreciation & Amortization	210,722	165,179	186,369	130,380	18,620
Loss (Gain) on Sale of Assets	-	4,150	1,937	2,361	-
Loss (Gain) on Sale of Investments	-	54,697	-73,557	-19,160	-7,728
Loss (Gain) on Equity Investments	-	13	21	37	-4
Asset Writedown	-	-	-	-	485
Change in Accounts Receivable	-123,307	-282,218	-64,889	-46,989	-5,236
Change in Inventory	-	-46,414	-24,026	-15,727	-1,650
Change in Accounts Payable	-551,021	314,968	240,352	419,382	35,524
Change in Income Taxes	-	25,665	7,149	-3,817	-3,830
Change in Unearned Revenue	-	76,987	2,047	13,915	526
Change in Other Net Operating Assets	30,112	-47,995	58,633	-60,401	-226
Other Operating Activities	386,294	-306,565	-387,358	-134,961	42,860
Operating Cash Flow	192,036	245,917	155,642	240,241	41,586
Operating Cash Flow Growth	-21.91%	58.00%	-35.21%	477.70%	59.04%
Capital Expenditures	-	-359,966	-260,838	-215,144	-28,686
Cash Acquisitions	-	-117	-	-	-
Investment in Securities	-	-207,162	88,670	-37,146	-21,084
Other Investing Activities	-461,549	-	-	-1,065	-
Investing Cash Flow	-461,549	-567,245	-172,168	-253,355	-49,760
Long-Term Debt Issued	-	349,312	37,943	29,973	-
Long-Term Debt Repaid	-	-34,596	-16,317	-49,160	-1,058
Net Debt Issued (Repaid)	-	314,716	21,626	-19,187	-1,058
Other Financing Activities	435,079	-49,540	-5,647	-13,107	-1,743
Financing Cash Flow	435,079	265,176	15,979	-32,294	-2,801
Foreign Exchange Rate Adjustments	17,913	5,150	9,821	14,736	-
Miscellaneous Cash Flow Adjustments	-854	-426	-451	-176	4,333
Net Cash Flow	182,625	-51,428	8,823	-30,848	-6,642
Free Cash Flow	192,036	-114,049	-105,196	25,097	12,900
Free Cash Flow Growth	-	-	-	94.55%	14.25%
Free Cash Flow Margin	6.42%	-5.58%	-6.89%	1.80%	5.83%
Free Cash Flow Per Share	219.47	-130.34	-120.22	28.68	14.74
Cash Interest Paid	-	30,703	4,044	6,076	1,743
Levered Free Cash Flow	-95,354	-359,877	-1,258,935	274,781	38,405
Unlevered Free Cash Flow	100,714	-151,129	-824,940	646,180	71,184
Change in Working Capital	-644,216	40,993	219,266	306,363	25,108

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.