J.R.W. Utility 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	99.5	66.25	61.78	149.47	217.04
Depreciation & Amortization	10.76	11.6	10.36	8.08	6.17
Loss (Gain) From Sale of Assets	-0.01	-	-	-	-0.56
Loss (Gain) From Sale of Investments	-0	-0	-0	-0	-0.23
Provision & Write-off of Bad Debts	-5.93	15.53	-	-	-
Other Operating Activities	26.86	-7.11	-51.21	-26.28	11.81
Change in Accounts Receivable	139.01	76.95	77.74	-946.99	-1,554
Change in Inventory	143.13	-251.87	-44.54	43.61	-17.37
Change in Accounts Payable	-208.62	236.34	-7.85	57.75	788.82
Change in Unearned Revenue	-203.42	-160.01	488.95	17.25	0.55
Change in Other Net Operating Assets	8.39	-7.71	32.95	-11.96	-18.83
Operating Cash Flow	9.66	-20.03	568.17	-709.06	-566.78
Capital Expenditures	-0.52	-1.23	-19.79	-9.03	-4.79
Sale of Property, Plant & Equipment	0.01	-	-	-	0.56
Sale (Purchase) of Intangibles	-2.25	-0.21	-0.34	-0.22	-0.18
Investment in Securities	0.22	5.53	-105.22	-0.1	100.14
Other Investing Activities	0.46	20.12	-70.23	16.59	-53.97
Investing Cash Flow	-2.09	24.22	-195.58	7.23	41.76
Short-Term Debt Issued	105.27	-	-	349.37	-
Total Debt Issued	105.27	-	-	349.37	-
Short-Term Debt Repaid	-	-34.21	-209.37	-	-
Long-Term Debt Repaid	-2.48	-2.32	-2.64	-2.46	-1.67
Total Debt Repaid	-2.48	-36.53	-212.01	-2.46	-1.67
Net Debt Issued (Repaid)	102.79	-36.53	-212.01	346.9	-1.67
Common Dividends Paid	-30.35	-30.38	-68.4	-106.4	-45.6
Financing Cash Flow	72.44	-66.91	-280.41	240.5	-47.27
Net Cash Flow	80.01	-62.72	92.18	-461.32	-572.29
Free Cash Flow	9.15	-21.26	548.38	-718.09	-571.57
Free Cash Flow Margin	0.47%	-1.33%	27.95%	-37.97%	-26.58%
Free Cash Flow Per Share	0.01	-0.03	0.72	-0.94	-0.75
Cash Interest Paid	-	5.91	6.55	1.88	0.18
Cash Income Tax Paid	-	18.48	64.6	64.89	39.22
Levered Free Cash Flow	-6.42	-131.33	627.97	-694.01	-622.85
Unlevered Free Cash Flow	0.12	-127.64	632.06	-692.83	-622.73
Change in Working Capital	-121.52	-106.31	547.24	-840.33	-801.01

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