Wal-Mart de México Cash Flow Statement

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

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	50,074	49,891	53,827	51,590	48,974	44,138
Depreciation & Amortization	25,258	24,953	22,639	20,577	19,359	18,306
Loss (Gain) From Sale of Assets	208.51	153.27	-515.31	408.7	68.76	353.05
Asset Writedown & Restructuring Costs	72.08	70.29	112.55	56.32	49.01	-
Stock-Based Compensation	303.99	304.66	493.77	478.4	384.95	354.26
Other Operating Activities	33,442	28,926	21,595	22,704	18,994	19,360
Change in Accounts Receivable	-2,019	-1,642	-173.57	-6,192	-155.26	1,922
Change in Inventory	1,855	1,249	-12,544	-6,602	-9,426	-11,906
Change in Accounts Payable	7,129	4,756	3,057	16,708	-432.44	4,221
Change in Income Taxes	-23,575	-23,575	-16,398	-19,950	-16,122	-13,959
Change in Other Net Operating Assets	-911.82	-2,649	540.59	5,341	2,775	2,093
Operating Cash Flow	91,837	82,438	72,636	85,122	64,469	64,882
Operating Cash Flow Growth	54.32%	13.49%	-14.67%	32.03%	-0.64%	5.72%
Capital Expenditures	-38,004	-38,982	-34,764	-28,792	-21,304	-20,466
Sale of Property, Plant & Equipment	427.46	544.46	872.57	312.97	459.4	388.55
Cash Acquisitions	-	-	-	-169.8	-	-
Other Investing Activities	2,033	2,118	3,356	-1,113	527.46	947.67
Investing Cash Flow	-35,544	-36,320	-30,535	-29,762	-20,317	-19,130
Long-Term Debt Repaid	-	-13,285	-12,355	-11,153	-10,039	-9,244
Net Debt Issued (Repaid)	-13,520	-13,285	-12,355	-11,153	-10,039	-9,244
Repurchase of Common Stock	-8,800	-8,800	-	-987.64	-	-
Common Dividends Paid	-22,248	-22,248	-20,337	-19,285	-17,285	-15,564
Other Financing Activities	1,568	-263.18	-42.9	-62.2	-44.05	-63.3
Financing Cash Flow	-49,675	-51,272	-49,797	-58,552	-39,641	-37,496
Foreign Exchange Rate Adjustments	-2,474	-2,769	3,541	-3,566	99.4	-1,109
Net Cash Flow	4,144	-7,922	-4,155	-6,758	4,611	7,146
Free Cash Flow	53,832	43,456	37,872	56,329	43,166	44,415
Free Cash Flow Growth	119.33%	14.74%	-32.77%	30.50%	-2.81%	-0.52%
Free Cash Flow Margin	5.30%	4.30%	3.96%	6.36%	5.28%	6.04%
Free Cash Flow Per Share	3.10	2.50	2.17	3.23	2.47	2.54
Cash Interest Paid	178.61	263.18	42.9	62.2	44.05	63.3
Cash Income Tax Paid	18,812	23,575	16,398	19,950	16,122	13,959
Levered Free Cash Flow	36,949	29,518	27,760	38,963	35,810	27,234
Unlevered Free Cash Flow	42,646	35,215	33,131	43,861	40,216	31,283
Change in Working Capital	-17,522	-21,861	-25,517	-10,693	-23,361	-17,629

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