BCBA:TGSUD Cash Flow Statement

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

Millions ARS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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
Net Income	352,034	370,164	51,212	219,157	40,772	4,960
Depreciation & Amortization	152,329	129,666	132,025	132,729	18,721	9,300
Loss (Gain) on Sale of Investments	-178,995	-187,400	-434,892	-143,605	-	-
Loss (Gain) on Equity Investments	-1,174	-243.8	66.2	-611.26	-41.35	-32.17
Asset Writedown	-30,385	-36,812	2,418	652.65	-	4,700
Change in Accounts Receivable	-70,542	-120,863	-84,661	-52,982	-10,692	-372.06
Change in Inventory	-7,462	4,005	-12,708	-4,502	-1,165	-398.28
Change in Accounts Payable	-1,599	30,454	63,927	30,107	5,261	217.02
Change in Income Taxes	-116,990	4,150	-20,795	-172,093	-7,715	-1,752
Change in Unearned Revenue	-8,144	-10,018	42,647	5,569	-906.57	130.9
Change in Other Net Operating Assets	-24,910	-62,565	-59,329	-76,219	-15,044	-3,220
Other Operating Activities	442,323	363,629	732,535	301,951	29,963	29,362
Operating Cash Flow	506,484	484,167	412,818	240,154	59,024	43,039
Operating Cash Flow Growth	-3.54%	17.28%	71.90%	306.88%	37.14%	55.16%
Capital Expenditures	-248,470	-289,811	-294,162	-171,619	-18,795	-11,728
Investment in Securities	-18,826	-95,087	-155,364	-101,097	-40,550	-33,688
Other Investing Activities	-	-	-	-	354.49	-
Investing Cash Flow	-267,296	-384,898	-449,526	-272,715	-58,991	-45,415
Long-Term Debt Issued	-	585,356	77,837	41,806	-	-
Long-Term Debt Repaid	-	-616,704	-24,152	-17,216	-	-2,044
Net Debt Issued (Repaid)	8,370	-31,348	53,685	24,590	-	-2,044
Repurchase of Common Stock	-	-	-	-	-	-4,107
Common Dividends Paid	-214,295	-	-	-	-	-
Other Financing Activities	-	-	-	-	-1,869	-1,509
Financing Cash Flow	-205,925	-31,348	53,685	24,590	-1,869	-7,660
Foreign Exchange Rate Adjustments	-99.75	170.95	3,160	1,984	629.53	1,148
Miscellaneous Cash Flow Adjustments	-11,561	-22,488	-26,035	-32,246	-3,848	-4,155
Net Cash Flow	21,602	45,603	-5,898	-38,234	-5,055	-13,043
Free Cash Flow	258,014	194,356	118,656	68,536	40,229	31,312
Free Cash Flow Growth	56.09%	63.80%	73.13%	70.36%	28.48%	-
Free Cash Flow Margin	19.65%	15.93%	12.03%	6.14%	23.21%	37.13%
Free Cash Flow Per Share	342.76	258.19	157.63	91.05	53.44	41.07
Cash Interest Paid	49,814	32,062	34,379	38,824	7,305	4,147
Cash Income Tax Paid	115,382	3,991	24,346	174,196	8,360	1,761
Levered Free Cash Flow	28,796	289,994	-62,150	96,845	41,146	19,226
Unlevered Free Cash Flow	80,038	324,813	-28,631	125,659	46,585	22,394
Change in Working Capital	-229,647	-154,837	-70,919	-270,120	-30,262	-5,394

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.