BUD:BIF Cash Flow Statement

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

Millions HUF. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Net Income	10,093	10,802	10,568	10,034	8,269	4,957	Upgrade
Depreciation & Amortization	141.29	98.94	59.41	61.53	38.14	55.18	Upgrade
Gain (Loss) on Sale of Assets	-11.42	-12.15	-0.89	1.42	-3.85	-752.87	Upgrade
Asset Writedown	-3,029	-2,933	-5,497	-1,987	-5,862	-2,145	Upgrade
Change in Accounts Receivable	-115.31	-261.93	49.2	-221.81	136.59	-302.39	Upgrade
Change in Accounts Payable	224.38	532.49	-593.01	-760.28	-314.87	1,691	Upgrade
Change in Other Net Operating Assets	1,231	1,578	72.01	1,613	953.4	16.97	Upgrade
Other Operating Activities	21.02	-10.81	10.94	135.22	6.88	456.56	Upgrade
Operating Cash Flow	8,556	9,795	4,863	8,901	3,360	3,979	Upgrade
Operating Cash Flow Growth	42.88%	101.42%	-45.37%	164.96%	-15.57%	56.41%	Upgrade
Acquisition of Real Estate Assets	-1,316	-4,901	-1,655	-6,324	-5,826	-9,512	Upgrade
Sale of Real Estate Assets	11.42	12.15	0.89	5.45	576.1	230	Upgrade
Net Sale / Acq. of Real Estate Assets	-1,304	-4,889	-1,655	-6,318	-5,250	-9,282	Upgrade
Investing Cash Flow	-2,436	-6,569	-1,655	-6,318	-5,250	-9,282	Upgrade
Long-Term Debt Issued	-	952.67	257.49	2,386	1,452	15,551	Upgrade
Long-Term Debt Repaid	-	-1,614	-1,447	-1,348	-909.01	-11,744	Upgrade
Net Debt Issued (Repaid)	-939.65	-661.79	-1,189	1,038	542.97	3,808	Upgrade
Issuance of Common Stock	5,000	5,000	5,000	-	-	-	Upgrade
Common Dividends Paid	-2,752	-	-8,809	-5,034	-	-2,569	Upgrade
Foreign Exchange Rate Adjustments	16.54	42.84	-4.35	-4.86	6.99	15.44	Upgrade
Net Cash Flow	7,444	7,607	-1,794	-1,418	-1,341	-4,049	Upgrade
Cash Interest Paid	445.18	445.18	434.64	321.54	226.17	228.04	Upgrade
Cash Income Tax Paid	95.99	95.99	24.12	28.12	18.69	24.48	Upgrade
Levered Free Cash Flow	2,990	266.31	-560.79	-883.61	-3,797	-6,659	Upgrade
Unlevered Free Cash Flow	3,284	544.54	-289.14	-682.64	-3,656	-6,517	Upgrade
Change in Working Capital	1,340	1,849	-471.8	630.85	775.12	1,406	Upgrade

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.