Choice International Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	1,627	1,309	600.68	535.76	167.1
Depreciation & Amortization, Total	68.75	58.2	39.93	24.49	20.88
Gain (Loss) On Sale of Investments	-55.19	-3.56	20.21	-0.38	-6.51
Stock-Based Compensation	78.73	127.76	49.35	-	-
Change in Accounts Receivable	-906.25	-783.71	-360.23	81.41	127.34
Change in Accounts Payable	48.93	-60.08	112.5	48.17	65.54
Change in Other Net Operating Assets	-4,281	-2,706	564.66	-897.23	-1,190
Other Operating Activities	613.41	358.46	189.7	-7.65	130.48
Operating Cash Flow	-2,945	-1,530	1,384	-342.78	-447.5
Capital Expenditures	-297.9	-128.37	-262.83	-34.14	-12.54
Cash Acquisitions	-863.53	-	-	-	-
Sale (Purchase) of Intangibles	-404.73	-205.72	-208.64	-1.47	-0.26
Investment in Securities	-305.76	-111.48	-4.97	-174.93	136.24
Other Investing Activities	229.35	403.22	-	-924.62	19.1
Investing Cash Flow	-1,611	-132.06	-478.79	-1,257	150.36
Long-Term Debt Issued	2,217	2,498	-	611.81	53.35
Total Debt Issued	2,217	2,498	-	611.81	53.35
Long-Term Debt Repaid	-	-	-133.32	-	-
Total Debt Repaid	-	-	-133.32	-	-
Net Debt Issued (Repaid)	2,217	2,498	-133.32	611.81	53.35
Issuance of Common Stock	2.77	-	-	1,073	436.74
Other Financing Activities	2,273	-258.77	-155.03	-161.19	-263.76
Financing Cash Flow	4,493	2,239	-288.35	1,523	226.33
Net Cash Flow	-62.76	577.39	617.11	-46.32	-70.81
Free Cash Flow	-3,242	-1,658	1,121	-376.91	-460.03
Free Cash Flow Margin	-37.77%	-22.96%	29.96%	-13.90%	-30.08%
Free Cash Flow Per Share	-15.92	-8.27	5.62	-2.13	-3.52
Cash Interest Paid	626.86	366.6	200.09	141.94	141.29
Cash Income Tax Paid	580.31	503.09	245.38	229.43	43.3

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