Gosa Fom a.d. Cash Flow Statement

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

Millions RSD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jun '25 Jun 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	2015 - 2019
Net Income	420.52	434.35	207.43	141.28	32.17	32.15	Upgrade
Depreciation & Amortization	159.73	146.24	114.99	113.94	106.76	94.65	Upgrade
Other Operating Activities	-578.9	-584.73	1,829	-826.15	641.7	366.56	Upgrade
Operating Cash Flow	1.36	-4.14	2,152	-570.93	780.63	493.36	Upgrade
Operating Cash Flow Growth	-99.74%	-	-	-	58.23%	-	Upgrade
Capital Expenditures	-237.81	-145.35	-26.5	-25.77	-5.01	-290.55	Upgrade
Sale of Property, Plant & Equipment	-	-	-	0.07	-	-	Upgrade
Investment in Securities	4.19	4.19	-8.61	-2.61	2.15	1.14	Upgrade
Other Investing Activities	-	-	-	-	-	1.33	Upgrade
Investing Cash Flow	-233.62	-141.16	-35.11	-28.3	-2.86	-288.08	Upgrade
Short-Term Debt Issued	-	-	328.49	936.9	1,219	1,333	Upgrade
Long-Term Debt Issued	-	-	-	-	-	99.96	Upgrade
Total Debt Issued	-	-	328.49	936.9	1,219	1,433	Upgrade
Short-Term Debt Repaid	-	-152.28	-1,053	-989.49	-1,356	-1,401	Upgrade
Long-Term Debt Repaid	-	-12.63	-57.24	-54.21	-52.02	-28.7	Upgrade
Total Debt Repaid	-	-164.91	-1,110	-1,044	-1,408	-1,429	Upgrade
Net Debt Issued (Repaid)	-	-164.91	-781.77	-106.8	-189.97	3.95	Upgrade
Repurchase of Common Stock	-	-	-0.36	-	-	-	Upgrade
Common Dividends Paid	-198	-198	-120	-64.32	-	-	Upgrade
Other Financing Activities	-69.56	-90.57	-128.43	-21.64	-2.55	-	Upgrade
Financing Cash Flow	-267.56	-453.47	-1,031	-192.76	-192.53	3.95	Upgrade
Foreign Exchange Rate Adjustments	-0.6	-0.56	-1.47	-1.77	-0.18	-0.08	Upgrade
Net Cash Flow	-500.41	-599.33	1,084	-793.77	585.07	209.15	Upgrade
Free Cash Flow	-236.45	-149.49	2,125	-596.69	775.63	202.82	Upgrade
Free Cash Flow Growth	-	-	-	-	282.43%	-	Upgrade
Free Cash Flow Margin	-3.21%	-1.91%	54.31%	-14.52%	30.75%	5.11%	Upgrade
Free Cash Flow Per Share	-172.81	-109.26	1553.16	-435.86	566.56	148.15	Upgrade
Cash Interest Paid	0.16	4.25	42.56	32.5	38.27	38.54	Upgrade
Cash Income Tax Paid	113.18	58.67	43.19	5.48	0.39	-	Upgrade
Levered Free Cash Flow	3,844	2,686	-1,056	-581.81	545.3	159.78	Upgrade
Unlevered Free Cash Flow	3,844	2,688	-1,030	-559.55	569.6	184.31	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.