BMV:VESTA Cash Flow Statement

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

Millions USD. 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	241.9	223.35	316.64	243.62	173.94
Depreciation & Amortization	1.72	1.42	1.58	1.46	1.6
Other Amortization	3.13	2.32	1.97	1.54	4.78
Gain (Loss) on Sale of Assets	0.01	-2.62	0.46	-5.03	-13.99
Asset Writedown	-52.08	-270.75	-243.46	-185.49	-164.65
Stock-Based Compensation	12.73	8.98	8	6.65	5.55
Income (Loss) on Equity Investments	-0.01	-	-	-	-
Change in Accounts Receivable	-4.09	5.42	-2.41	1.35	-2.68
Change in Accounts Payable	-0.79	-8.51	0	-1.62	-0.23
Change in Other Net Operating Assets	1.26	20.92	12.14	-23.06	5.81
Other Operating Activities	-1.83	168.14	53.65	36.49	102.3
Operating Cash Flow	207.25	129.71	144.8	65.21	107.93
Operating Cash Flow Growth	59.78%	-10.42%	122.03%	-39.58%	7.32%
Acquisition of Real Estate Assets	-337.77	-231.74	-265.13	-269.44	-108.61
Sale of Real Estate Assets	5.5	5.07	42.06	7.29	124.57
Net Sale / Acq. of Real Estate Assets	-332.27	-226.67	-223.07	-262.16	15.95
Investment in Marketable & Equity Securities	-3.52	-	-	-	-
Investing Cash Flow	-335.79	-226.67	-223.07	-262.16	15.95
Long-Term Debt Issued	650	-	-	-	350
Long-Term Debt Repaid	-214.43	-70.4	-17.4	-0.65	-253.06
Net Debt Issued (Repaid)	435.57	-70.4	-17.4	-0.65	96.94
Issuance of Common Stock	-	-	594.38	-	229.22
Repurchase of Common Stock	-36.42	-44.17	-	-15.6	-
Common Dividends Paid	-68.33	-63.67	-59.51	-57.02	-55.37
Other Financing Activities	-51.23	-47.65	-72.73	-46.51	-58.24
Foreign Exchange Rate Adjustments	1.73	5.8	-4.45	3.05	-4.15
Net Cash Flow	152.78	-317.05	362.02	-313.67	332.28
Cash Interest Paid	45.88	42.09	45.03	44.84	44.47
Cash Income Tax Paid	40.12	75.01	64.1	55	27.06
Levered Free Cash Flow	156.91	72.47	103.05	26.72	95.1
Unlevered Free Cash Flow	186.97	96.36	128.79	53.2	118.74
Change in Working Capital	1.68	-1.14	5.96	-34.04	-1.61

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