BKK:SPI 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	2,284	3,370	3,095	3,361	3,585
Depreciation & Amortization	340.48	287.76	260.6	278.67	243.28
Other Amortization	0.9	1.08	1.08	1.08	1.08
Gain (Loss) on Sale of Assets	-319.43	-66.78	-869.1	-392.74	-404.06
Gain (Loss) on Sale of Investments	-105.79	-67.06	-	-198.36	-1,020
Asset Writedown	-	-	-5.33	-	-
Stock-Based Compensation	-	-	-	5.89	-
Income (Loss) on Equity Investments	-2,722	-3,079	-2,870	-2,152	-2,411
Change in Accounts Receivable	30.61	-50.89	45.06	-47.01	-35.25
Change in Accounts Payable	-10.4	-33.97	-46.47	128.35	131.95
Change in Other Net Operating Assets	134.85	-264.7	402.79	457.57	26.36
Other Operating Activities	-199.51	-712.26	-372.99	-970.93	-281.57
Operating Cash Flow	-538.03	-590.51	-357.66	487.01	-163.63
Acquisition of Real Estate Assets	-1,018	-1,030	-1,295	-930.55	-477.36
Sale of Real Estate Assets	1,038	178.66	921.32	1,236	179.31
Net Sale / Acq. of Real Estate Assets	20.03	-851.71	-373.31	305.57	-298.04
Cash Acquisition	-	-	-	-48.12	-
Investment in Marketable & Equity Securities	-1,354	-2,011	-3,728	-2,907	-1,722
Other Investing Activities	1,653	2,808	4,106	2,002	954.78
Investing Cash Flow	311.67	-60.35	0.42	-2,698	-1,640
Short-Term Debt Issued	10,836	16,470	16,050	15,100	6,250
Long-Term Debt Issued	5,500	4,500	-	5,000	-
Total Debt Issued	16,336	20,970	16,050	20,100	6,250
Short-Term Debt Repaid	-11,255	-16,350	-12,300	-15,500	-7,650
Long-Term Debt Repaid	-3,836	-3,172	-2,003	-1,002	-998.82
Total Debt Repaid	-15,091	-19,522	-14,303	-16,502	-8,649
Net Debt Issued (Repaid)	1,245	1,448	1,747	3,598	-2,399
Common Dividends Paid	-294.96	-457.52	-457.51	-457.51	-400.32
Other Financing Activities	-557.74	-402.38	-453.59	-894.48	-300.52
Net Cash Flow	166.11	-62.39	478.52	34.94	-4,903
Cash Interest Paid	526.58	525.04	453.59	341.34	300.52
Cash Income Tax Paid	31.4	18.93	28.98	115.58	25.07
Levered Free Cash Flow	1,912	2,946	4,236	-398.18	2,061
Unlevered Free Cash Flow	2,251	3,278	4,522	-183.79	2,250
Change in Working Capital	184.37	-324.07	400.88	549.97	123.13

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