Turnstar Holdings Cash Flow Statement

Financials in millions BWP. Fiscal year is February - January.

Millions BWP. Fiscal year is Feb - Jan.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Net Income	135.46	147.23	119.76	100.94	81.31
Depreciation & Amortization	0.65	0.47	0.5	0.96	1.3
Gain (Loss) on Sale of Assets	-	-	-	-	-0.01
Asset Writedown	-41.08	-49.78	-1.32	8.9	19.59
Change in Accounts Receivable	-5.38	9.43	-1.72	5.67	8.12
Change in Accounts Payable	-1.87	5.93	4.25	8.18	-10.57
Change in Other Net Operating Assets	-0.42	-9.09	-3.53	3.39	-7.04
Other Operating Activities	50.31	28.03	4.04	13.59	33.59
Operating Cash Flow	137.67	132.21	121.98	141.63	126.3
Operating Cash Flow Growth	4.13%	8.39%	-13.87%	12.13%	-8.99%
Acquisition of Real Estate Assets	-5.63	-6.2	-5.82	-9.95	-0.73
Sale of Real Estate Assets	-	-	-	0.05	0.45
Net Sale / Acq. of Real Estate Assets	-5.63	-6.2	-5.82	-9.9	-0.29
Investing Cash Flow	-5.63	-6.2	-5.82	-9.9	-0.29
Long-Term Debt Issued	-	60.17	-	-	-
Long-Term Debt Repaid	-	-11.75	-65.7	-38.77	-13.91
Net Debt Issued (Repaid)	-	48.42	-65.7	-38.77	-13.91
Common Dividends Paid	-114.43	-108.71	-102.99	-102.99	-57.22
Other Financing Activities	-	-	-	-	-25.85
Foreign Exchange Rate Adjustments	-0.18	-0.31	-0.8	0.11	-0.78
Net Cash Flow	17.43	65.41	-53.33	-9.92	28.26
Cash Interest Paid	38.89	38.79	30.9	21.28	25.85
Cash Income Tax Paid	2.66	3.12	3.47	1.66	4.1
Levered Free Cash Flow	92.69	92.67	78.76	97.9	55.85
Unlevered Free Cash Flow	117	116.91	98.08	111.2	72
Change in Working Capital	-7.67	6.27	-1	17.24	-9.49

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