Maximus 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	90.58	79.25	69.51	42.1	31.14
Depreciation & Amortization	16.85	13.55	12.69	12.39	12.6
Loss (Gain) From Sale of Assets	-1.96	-0.51	0.2	-0.51	-
Other Operating Activities	50.96	22.75	16.63	13.18	9.67
Change in Accounts Receivable	-350.74	-8.83	-193.43	-96.68	-11.8
Change in Inventory	-58.34	2.8	-22.11	10.7	2.4
Change in Accounts Payable	148.28	-105.43	103.44	53.96	-15.45
Change in Other Net Operating Assets	-41.32	-85.33	33.75	-57.5	40.92
Operating Cash Flow	-145.67	-81.76	20.68	-22.35	69.47
Capital Expenditures	-55.01	-18.02	-13.21	-5.9	-6.54
Sale of Property, Plant & Equipment	1.95	1.3	2.39	0.24	0.03
Cash Acquisitions	-	-	-17.89	-	-
Sale (Purchase) of Intangibles	-1.12	-1.49	-1.68	-	-
Sale (Purchase) of Real Estate	-	-	-	10.27	-
Investment in Securities	-	-	-	18.4	-1.5
Other Investing Activities	-5.33	-6.27	8.45	7.68	4.87
Investing Cash Flow	-70.31	4.68	-18.37	22.42	-21.8
Short-Term Debt Issued	58.92	76.23	-	-	-
Long-Term Debt Issued	-	8.64	30.61	9.73	-
Total Debt Issued	58.92	84.87	30.61	9.73	-
Short-Term Debt Repaid	-	-	-2.18	-	-
Long-Term Debt Repaid	-8.82	-0.78	-0.54	-0.54	-35.88
Total Debt Repaid	-8.82	-0.78	-2.72	-0.54	-35.88
Net Debt Issued (Repaid)	50.1	84.09	27.9	9.19	-35.88
Issuance of Common Stock	210.9	-	-	-	-
Other Financing Activities	-31.64	-22.85	-16.29	-12.77	-11.32
Financing Cash Flow	229.36	61.24	11.61	-3.57	-47.21
Miscellaneous Cash Flow Adjustments	-0	0	0	-	-
Net Cash Flow	13.38	-15.84	13.92	-3.5	0.46
Free Cash Flow	-200.68	-99.78	7.47	-28.25	62.93
Free Cash Flow Margin	-12.80%	-9.17%	0.75%	-4.10%	11.99%
Free Cash Flow Per Share	-1.50	-0.79	0.06	-0.23	0.50
Cash Interest Paid	23.39	14.96	13.92	12.77	11.32
Cash Income Tax Paid	8.1	4.36	8.11	3.58	2.04
Levered Free Cash Flow	-277.49	-140.41	-58.03	7.91	-23.09
Unlevered Free Cash Flow	-262.87	-131.06	-49.33	16.04	-15.84
Change in Working Capital	-302.11	-196.8	-78.35	-89.52	16.07

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