Business Online PCL Cash Flow Statement

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

Millions THB. 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	290.99	275.74	290.31	270.69	233.21
Depreciation & Amortization	17.17	15.19	14.93	17.25	20.1
Other Amortization	6.66	8.81	9.87	11.47	10.4
Loss (Gain) From Sale of Assets	-0.19	-0.02	-0.04	-0.66	-0.07
Asset Writedown & Restructuring Costs	-	-	-	0	0
Loss (Gain) From Sale of Investments	-	-	-0.85	0.61	-11.7
Loss (Gain) on Equity Investments	1.27	1.84	2.13	2.16	2.55
Other Operating Activities	-56.9	-59	-44.94	-30.73	-20.26
Change in Accounts Receivable	-78.57	-47.27	-45.12	-11.9	43.63
Change in Accounts Payable	3.6	22.92	4.55	1.43	24.11
Change in Unearned Revenue	17.88	-1.63	-1.43	8.47	9.37
Change in Other Net Operating Assets	-85.36	1.83	-4.08	4.01	-8.25
Operating Cash Flow	116.53	218.42	225.33	272.79	303.08
Operating Cash Flow Growth	-46.65%	-3.07%	-17.40%	-9.99%	51.33%
Capital Expenditures	-30.64	-26.06	-5.66	-4.38	-6.84
Sale of Property, Plant & Equipment	0.2	0.02	0.04	0.66	0.07
Sale (Purchase) of Intangibles	-9.15	-6.73	-9.53	-6.32	-20.91
Investment in Securities	16.84	85.39	34.14	74.77	-140.73
Other Investing Activities	8.68	54.82	53.52	38.61	29.1
Investing Cash Flow	-14.07	107.45	72.5	103.35	-139.31
Short-Term Debt Issued	50	-	-	-	-
Total Debt Issued	50	-	-	-	-
Short-Term Debt Repaid	-	-	-	-	-17
Long-Term Debt Repaid	-5.19	-5.09	-4.73	-4.71	-4.25
Total Debt Repaid	-5.19	-5.09	-4.73	-4.71	-21.25
Net Debt Issued (Repaid)	44.81	-5.09	-4.73	-4.71	-21.25
Common Dividends Paid	-258.34	-262.43	-254.32	-225.54	-184.53
Other Financing Activities	-0.42	-	-	-	-0.02
Financing Cash Flow	-213.96	-267.52	-259.05	-230.24	-205.81
Net Cash Flow	-111.5	58.35	38.79	145.9	-42.04
Free Cash Flow	85.89	192.36	219.67	268.41	296.24
Free Cash Flow Growth	-55.35%	-12.43%	-18.16%	-9.39%	53.41%
Free Cash Flow Margin	10.66%	26.59%	28.04%	38.50%	45.63%
Free Cash Flow Per Share	0.10	0.23	0.27	0.33	0.36
Cash Interest Paid	0.42	-	-	-	0.02
Cash Income Tax Paid	38.06	53.31	55.48	39.33	35.35
Levered Free Cash Flow	54.7	153.07	190.2	222.64	233.35
Unlevered Free Cash Flow	55.6	153.91	191.17	223.71	234.37
Change in Working Capital	-142.46	-24.15	-46.08	2.01	68.86

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