BUD:EPROLIUSIA Cash Flow Statement

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

Millions HUF. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	1,017	403.74	-120.17
Depreciation & Amortization	1.04	0.91	0.91
Asset Writedown	-587.64	-76.84	385.76
Change in Accounts Receivable	206.87	-113.24	-105.36
Change in Accounts Payable	32.85	-37.39	70.09
Change in Other Net Operating Assets	21.19	62.07	-33.13
Other Operating Activities	82.15	63.7	59.66
Operating Cash Flow	780.37	322.42	268.59
Operating Cash Flow Growth	142.04%	20.04%	-
Acquisition of Real Estate Assets	-368.41	-1,155	-1,340
Net Sale / Acq. of Real Estate Assets	-368.41	-1,155	-1,340
Investing Cash Flow	-368.41	-1,155	-1,340
Long-Term Debt Issued	288.29	700	1,000
Long-Term Debt Repaid	-413.36	-64.29	-64.29
Net Debt Issued (Repaid)	-125.07	635.71	935.71
Common Dividends Paid	-176.7	-	-
Other Financing Activities	-72.84	-63.74	-61.89
Foreign Exchange Rate Adjustments	-0.16	-0.05	3.25
Miscellaneous Cash Flow Adjustments	-0.02	-	-
Net Cash Flow	37.18	-260.47	-194.44
Cash Interest Paid	72.84	63.74	61.89
Levered Free Cash Flow	159.69	-1,040	-
Unlevered Free Cash Flow	205.25	-999.79	-
Change in Working Capital	262.17	-88.75	-64.85

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